Gold – the solution to a $5,300,000,000,000 money printing problem

Defend your portfolio against inflation with gold.

China Will Use Its Digital Currency To Compete With The USD

Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.

Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again

Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again

Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds

Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

German survey fuels stock gains, euro investors eye EU summit

German survey fuels stock gains, euro investors eye EU summit

What Do The Latest PMI Surveys Suggest About The State Of The Economy?

Is the economy contracting at a slower pace than in April? Is more coronavirus relief on the way for Europe? The latest on equity market performance.

MB Fund April 2020 Performance

April saw a bounce back in share markets after March was one of the worst months ever. Our portfolios continue to be positioned defensively and so only took a limited part in the bounce. Over the last year, our Tactical Growth fund is beating the Chant West median superannuation fund by 10%. In our direct equity portfolios, we have long preached the idea of holding a mix of quality and value to provide downside protection – and that showed this year. Our International fund is beating the MSCI World by 7.6%, our Australian fund is beating the MSCI Australia index by 5.7%.  

Hong Kong shares ease on China-U.S. rift, dollar firms

Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on

Responding to the Covid economy Part 1: Understanding supply and demand shocks — Ong Kian Ming

MAY 25 — It has been more than 2 months since the 18th of March 2020, which was the start of the movement control order (MCO) in Malaysia. The full extent of the negative economic impact domestically will not be known for a few months. But as we approach the 9th of June, 2020, and hopefully, the...

[Andy Mukherjee] China’s crypto is all about tracing -- and power

The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout.　 An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal...

FPJ Edit: RBI by itself cannot rev-up the economic engine

ASX 200 Index: Australian shares start out the week 1.5% higher

Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin

Economists See China Holding Stimulus in Check Amid Uncertainty

(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.

Why markets don’t care about Hong Kong

Via the excellent Damien Boey at Credit suisse:

Gold down as potential Japanese stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure

EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass

Asian shares reverse early gains, eyes on China-US trade relations

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.

Asian shares reverse early gains

Eyes on China-US trade relations.

Gold Price News and Forecast: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion

Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud

U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves

Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national

Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow

Wholesale commodity markets, including metal and bullion, will also remain shut

Coronavirus Will Stretch, Not Break, Global Supply Chains

Here’s a vision of how coronavirus might change the world. Governments devastated by the pandemic and the costs of supporting locked-down and unemployed workers will reverse decades of retreat to take a more muscular role in their economies. Business

Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected

Here is what you need to know on Monday, May 25: The new week has kicked off with dollar strength as the US and China have kept tensions high. Thin li

Hong Kong shares ease on China-U.S. rift, dollar firms

SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.

Asian stocks subdued after China imposes new law on Hong Kong

Global financial markets already struggling to deal with huge economic uncertainty

China's currency gamble adds fuel to fire

The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.

Copper: The pace of long positions to slow down – TDS

Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C

Investors are underestimating Beijing's response to the pandemic

Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.

GBP/USD: Bad news on all fronts – Rabobank

Sterling is facing pressure on a variety of fronts. The prospect of more monetary policy stimulus, a deep recession and political uncertainty is set t

View: China's crypto is all about tracing — and power

Digital yuan trials are taking place just as Covid deepens mistrust with the US.

GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC

GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further

Asian shares tick up, eyes on China-US trade relations

Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...

Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains

Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.

Wolves are at it again, destroying Zimbabwe’s currency

Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45

Asian shares tick up, eyes on China-US trade relations

Analysts expect trading to be subdued with United States and UK markets shut for public holidays.

Compression

Risk assets are compressing to Treasuries. Part of this has been the Fear Factor as coronavirus pushed Treasury prices higher as a run towards the safest of hav

Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”

Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre

Central bank printing presses might be in overdrive, but inflation is not the real threat here

Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time

Central Banks Are Destroying What Was Left of Free Markets

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

Economic shock from COVID-19 to lead to higher indebtedness, Poloz says

Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.

China’s crypto is all about tracing — and power

If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.

Is deflation set to become Economic Enemy No 1?

Amid all the uncertainties that lie ahead is the possibility of deflation setting in post-Covid-19. Negative inflation rates would create an even steeper and longer hill to climb out of economic recession than we are already expecting. It will all come down to whether demand under- or over-shoots supply. The jury is out.

Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt

Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices

The Gold No-Brainer

What Eric Fry is seeing as the four catalysts pushing gold's price higher. Make sure your portfolio has exposure to the yellow metal now.

New emissions blow for VW as German court backs damages claims

LONDON: Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts. Brent was flat at $35.13 a barrel, while US oil gained 10 cents, or 0.3 percent to $33.35 a barrel. Both are down around 45 percent so farthis year.

Central bank asset purchases creating ‘fake markets’, analyst warns

'They're no longer related to any fundamental analysis whatsoever'

AUD/JPY: Bearish case getting cheaper as each session passes

AUD/JPY has been on the bid at the start of this week and despite ongoing geopolitical tensions that have weighed on commodity markets. There has been

10 long term implications of the virus

Via Shane Oliver at AMP:

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON, May 26 — Stocks gained modestly yesterday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI’s gauge of world stocks gained 0.4 per cent, nearing a...

Global shares up as recovery hopes overshadow virus worries

TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...

Deploy Bear Call Spread strategy in Nifty as weakness expected to continue

Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.

Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020

Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.

The Greenback Is Strengthening Again as Financial Assets Compete in Profit-Taking

Some market participants began to partially fix their profits in different trading instruments before the long weekend. This scenario was expected as the inertia of previous upside movements in gold futures and US stocks faded in course of New York Thursday's session. As a result, released cash in the investment accounts moved to safe-haven US Treasuries and, therefore, a basket of the major reserve currencies declined slightly vs the US Dollar for the last 24 hours. It doesn't make too much sense to consider the consequences as medium term yet since the yield of the benchmark ten-year US bonds fell from 0.682% at its peaks on Thursday to just 0.628% at the bottom by Friday's morning.

Dollar, Treasurys, S&P 500 Breakouts Mostly Averted, So Far

Forex Analysis by Marc Chandler covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Marc Chandler's latest article on Investing.com

Signal That Came Earlier About Bitcoin’s Drop to $3K in 2018 Is To Flash Again

Only seven days prior, Bitcoin was trading around $10,000. In any case, after rumors spread About Satoshi Nakamoto selling his reserve of BTC, the digital currency has fell to $8,700. Some have considered this move a 'solid' retracement, yet a key pointer proposes that Bitcoin bulls have further misfortunes in…

3 Reasons Bitcoin Will Ultimately Break Out To The Upside

Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com

3 Reasons Bitcoin Will Ultimately Break Out To The Upside

Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com

Bitcoin Has Upside Potential: Building Successful Investing Strategy

Market Analysis by Korbinian Koller covering: Investing.com Bitcoin Index. Read Korbinian Koller's Market Analysis on Investing.com

Gold Price Analysis: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues

Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday.

The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again

Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t

Gold Price Analysis: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion

Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud

AUD/USD Price Analysis: Upper end of the contracting triangle caps gains

The AUD/USD pair is currently trading largely unchanged on the day at 0.6530, having faced rejection at 0.6550 during the early Asian trading hours. T

Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

Gold Price News and Forecast: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues

Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday. Although fresh risk-off sentiment,

Big Short in U.S. Stocks Needs Watching, Says One Market Veteran

A large bearish position in U.S. equities that’s been amassed by trend-following funds may prove vital to the next move for stocks, according to a strategist who’s been analyzing markets since the early 1990s.

Natural Gas Price: Futures point to further correction

In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont

WTI: Off daily highs, still above $33.00, as US-China tension looms

WTI drops to $33.45, down 0.6%, while heading into the European session on Monday. The black gold recently benefited from the news suggesting ease of

PDI: I Can't Get Excited At A 10% Premium

PDI has been hit hard during the market turmoil, although it has seen a nice rebound in the short term. Despite its drop since my last review, PDI still trades

USD/CAD: Investors don't abandon the US Dollar and send the loonie back to pre-pandemic levels

For the fourth time in eight weeks the USD/CAD reached the support band of its two month range at 1.3850-1.3880 and failed to make more than a cursory

GBP/USD: Directly offered below the 55-day ma at 1.2297 – Commerzbank

GBP/USD’s bounce last week failed to make any impression on the 55-day ma and will remain directly offered while capped by it at 1.2297, Axel Rudolph,

When is the German IFO survey and how it could affect EUR/USD?

The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p

BTC Failed to Break $10,000 – How to Hedge Loss in Spot Trade?

Bitcoin’s 3rd halving was expected to be a bullish event for BTC investors. However, Bitcoin tried 4 times to break above the strong resistance of $10,000, but it failed. Since May 20, the price of BTC has declined nearly 10%, and reached the lowest of $8,800 on May 21, shifting traders’ focus from breaking the $10 resistance to now holding above the key support of $9,200. 

AUD/USD turns negative for the day, refreshes daily low near 0.6520 area

The AUD/USD pair struggled to capitalize on the early uptick to mid-0.6500s and has now dropped to the lower end of its daily trading range. Having fo

USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark

The USD/JPY pair edged higher on Monday and was last seen trading near the top end of its daily trading range, around the 107.70-75 region. The pair m

Gold trades with modest losses, holds above $1722 support zone

Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just bel

USD/CAD remains confined in range below 1.40 mark

The USD/CAD pair lacked any firm directional bias and was seen oscillating in a narrow trading band, around the key 1.40 psychological mark through th

e.l.f. - Beauty In The Eye Of The Beholder

e.l.f. has ended its fiscal 2020 on a strong note. Despite this growth and focus on lower price categories, e.l.f. will likely see pressure on its results as we

Bitcoin, Ether, and XRP Weekly Market Update May 25, 2020

The total crypto market cap lost $23.1 billion of its value for the last seven days and now stands at $246.2 billion. The top 10 currencies are mostly in red for the same time period with Bitcoin (BTC) being the worst performer with 9 percent loss while Tezos (XTZ) added 2.9 percent. By the time of writing bitcoin is trading at $8,780 while Ether (ETH) dropped down to $201. Ripple’s XRP nears $0.193.

GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle

The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh

NZD/CAD: Downside Pressure Likely

NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,

There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study

Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.

CFTC Positioning Report: EUR net longs at multi-month lows

These are the main highlights of the CFTC Positioning Report for the week ended on May 19th: Speculators trimmed their net longs in the euro to the lo

If Bitcoin Follows the 2012 and 2016 Halvings, Price Will Go “Almost Vertical”

It's been a brutal past two weeks for Bitcoin miners. After the block reward halving that transpired on May 11th, the revenue of BTC miners was

Gold Price Analysis: Trades with modest losses, downside seems limited

Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon

EUR/JPY bounces off lows near 117.00

The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f

How the 2020 US Presidential Election May Be Keeping Bitcoin At Bay

Bitcoin's next rally may not occur until after the 2020 United States Presidential Election takes place in November of this year.

Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline

Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.

There's Always Something To Worry About (And That's Bullish)

Persistence of worry among investors supports a bullish contrarian thesis. The 32% rally in the S&P 500 strongly suggests a new bull has begun. Online retail sa

Square: Soon To $100/Share And Beyond

Square's Cash App has seen explosive growth, expanding its ecosystem of services. My discounted cash flow valuation model suggests that shares have further upsi

WTI Price Analysis: Seesaws around $34.00 inside short-term rising wedge

WTI takes around to $34.00 amid the early Tuesday morning in Asia. While stepping back from $34.05, the oil benchmark seems to portray the rising wedg

Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200

Analysts are now noting that there is a chance this recent Bitcoin decline marks a “huge bear trap” that could be followed by further upside.

Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

Bitcoin has seen much of its recently incurred technical strength degrade over the past 48 hours, and one analyst is now targeting $5,900

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.

Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra

According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.

Covid-19 gulps EABL profits down by all of $28.7m

The brewer issued a profit warning following Covid-19 regulations to close bars.

On its deathbed, tourism needs local touch to revive

As industry has no way to revive itself, state govt thinks of concepts that can make it get going As most sectors resume businesses following the easing of lockdown, tourism and hospitality sector is .

Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more

Here are the top 10 headlines on Monday morning

Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart

Updates from the world of economy, markets, and finance

More workers to lose jobs as key sectors feel COVID-19 pinch

Kampala, Uganda | THE INDEPENDENT | A sobering analysis of Uganda’s businesses during coronavirus crisis shows that at least 100,000 formal jobs have been cut revealing the scale of the carnage the virus has had on employment. Also, at least 4.4 million workers in the informal sector will either see their earnings fall below the poverty …

A longer JobKeeper will keep people in fake jobs

Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.

We Are Going To Need A Lot More Stimulus

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ

Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues

The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre

Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member

New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...

Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days

Trade body advises members to only export to countries which have announced stimulus

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report

The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%

Health, leisure worst hit by 'double dipping' ruling

A Credit Suisse analysis has found a ruling that grants regular casuals paid leave could see some industries' holiday pay bill climb by hundreds of millions of dollars.

Coronavirus effect: 40% travel, tourism companies may shut down in 3-6 months, says report

"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts," the report said

3 Travel and Tourism Stocks Poised for a Bull Run

The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.

Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report

About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.

To consumers, Malaysia’s CPI deflation a sign of pandemic hardship

KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...

Government warned economy could fall off a cliff in September without more stimulus

Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.

Covid-19 to dent M&R earnings ‘more than 20%’

Group reports further growth in order book to R51.5bn at end-March.

Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet

Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet

Air New Zealand sees annual underlying loss due to coronavirus

Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.

Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns

A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies' gradual reopening

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.

German activity picks up, can’t escape official recession

FRANKFURT, Germany (AP) — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings...

Household fragility points to post-COVID pain

New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.

Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.

Japan government considers further pandemic relief of more than ¥100 trillion, report says

The package would be funded by a second extra budget for fiscal 2020 and follow the record ¥117 trillion spending plan deployed last month.

Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus

The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.

Japan ends state of emergency, eyes fresh $1.5trn stimulus

Japan's economy minister said the government had received approval from key advisers to remove the state of emergency for Tokyo and all remaining regions.

Asian shares climb, Tokyo gains on hopes for reopening

Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.

Asian shares climb, Tokyo gains on hopes for reopening

TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.

European consumers stockpile savings, adding to economic drag

Bank deposits surge as households seek to shield themselves from impact of coronavirus

Credit Suisse: JobKeeper on the way out

Via the excellent Damien Boey at Credit Suisse:

Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus

Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch

Japan said to start giving out travel vouchers from end-July – Jiji

The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave

Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19

TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...

Tokyo stocks rally on hopes for economic restart amid pandemic

Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…

South Korea Financial Markets

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic. France's CAC 40 gained 0.8% in early trading to 4,479.60, while Germany's DAX jumped 1.2% to 11,206.26. Germany

Seoul stocks close higher on hopes of economic stimulus

South Korean shares closed sharply higher Monday on hopes of massive economic stimulus steps sought by the local government. The Korean won fell against the US dollar amid the growing tension between the United States and China. The benchmark Korea Composite Stock Price Index (KOSPI) gained 24.47 points, or 1.24 percent, to close at 1,994.60. Trading volume was moderate at about 630 million shares worth some 7.84 tr...

Japan lifts Tokyo’s state of emergency, eyes fresh stimulus

TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...

Euro zone bond yields steady; focus remains on recovery fund

LONDON — Euro zone bond yields were steady on Monday, as the market overlooked a paper from Austria, Sweden, Denmark and the Netherlands opposing the EU’s planned grants-based recovery fund and awaited the European Commission’s own release later this week.

Japan lifts emergency in Tokyo

Stimulus plan to be funded by 2nd extra budget, Abe support at record low

World Bank’s approval for Nigeria’s $1.5b cash coming July

The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...

Alibaba Sees Stocks Slide After Projecting Slow Growth

Alibaba Sees Stocks Slide After Projecting Slow Growth

AUD/USD snaps two-day losing streak to extend recovery above 0.6500

AUD/USD remains modestly positive around 0.6540/45, up 0.11% on a day, amid the Asian session on Monday. Although the US-China tension keeps Aussie bu

Gold falls as Japanese shares rise on potential stimulus report

Gold dipped on Monday as Japaneseequities rose on news about a potential stimulus program,although losses were capped by a weaker dollar and worries offresh Sino-U.

China lowers yuan midpoint to weakest since 2008 global financial crisis

SHANGHAI — China’s central bank on Monday lowered its official yuan midpoint to the weakest since the 2008 global financial crisis, reflecting losses in the spot yuan on Friday after Beijing proposed a new national security law for Hong Kong.

USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles

USD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan’s likely removes of sta

AUD/JPY erases gains on lingering US-China tensions

The early risk-on tilt seen in the financial markets has faded, as evidenced by AUD/JPY's pullback from the session high of 70.58 to 70.30. The JPY cr

Oil falls as US-China tensions take toll

Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.

Asia stocks mostly up on lockdown easing but Hong Kong extends losses

HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...

Asian stock market: Bears keeping the reins as Hong Kong issue intensifies

With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open

Gold down as potential Japanese stimulus boosts risk appetite

Spot gold fell 0.4% to $1,728.06 per ounce by 0252 GMT. US gold futures were down 0.4% at $1,728.50.

Best month for Brent in 21 years overshadows US-China feud

Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.

Macro Afternoon

See the latest Australian dollar analysis here:

Nikkei rises, but Hong Kong shares slip as tensions with China heat up

Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.

US Dollar Index pushes higher and approaches 100.00

The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.

Gold falls as potential Japan stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

Hong Kong Exports Tumble in April as Virus Disrupts Commerce

Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.

WTI consolidates the bounce above $33 mark amid intensifying US-China tensions

WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th

Oil falls as US-China tensions take toll

Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from

Global stock markets confused as US and China spar, bring trade-tension to the forefront again

Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.

Oil steadies as demand uncertainty tempers supply cuts

Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT

Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%

Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.

Gold prices dip on profit-taking in thin trade

Gold eased on Monday in holiday-thinnedtrade as some investors took profits, though lingeringU.S.-China tensions and extensive stimulus measures bygovernments worldwide limited decline.

USD/JPY: Bulls targeting 108.00 catch a breath amid mixed clues

USD/JPY buyers catch a breath near 107.70 at the start of Tuesday’s Asian session. While the absence of traders from the UK and the US seems to have l

Want a greener recovery? Here are three ways to do it

As policymakers search for ways to jumpstart an economic recovery, several members of Congress are renewing a push for a massive green stimulus package.

PROGRESO plus Taxes?

"As usual, taxpayers will bear the burden."     Family breadwinners may be losing sleep as the extensive disruptions bought about by the pandemic forces our society to rethink the way we live and work. Millions of daily wage earners who suddenly lost their only means of livelihood are now struggling to provide basic sustenance to their dependents. Assistance from government and the private sector have been mobilized but cannot be sustained for too long.

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

Sustaining Atmanirbharta: The right policy mix

Experience of countries that have successfully transformed themselves suggests that an integrated approach over the medium term, based on the first and third sets of policies will improve domestic capabilities, and help achieve atmanirbharta with a greater share in GVCs.

Tax opportunities and tax risk management strategies during a crisis

QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.

[ANALYSIS] Why make the poor pay for the coronavirus response?

'It’s all a bizarre repeat of TRAIN where the poor are made to pay more so the rich can pay less. This time around, amid the COVID-19 crisis, the rich will benefit from the biggest corporate tax break in Philippine history.'

Shareholders set agenda for new SEC management

SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b

Only technology exports can secure Australia’s future

Australia finds itself at a historically significant moment. But continued heavy dependence on the export of raw materials to one significant buyer poses an existential risk to our lifestyle.

Another Digital Bank to Launch in the Philippines, as Government Aims to Offer Virtual Banking Services to Filipinos Working Abroad

An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed

Taiwan mulls ‘spend NT$1,000, get NT$3,000’ stimulus measure

Spending incentive aimed to boost economic activity amid coronavirus fallout

Some business risks can be prepared for in advance

Corporates will now need to fast track learning from pandemic-enforced disruptions too

China's trillions towards tech won't buy dominance

China wants to bring technology into its mainstream infrastructure build-out and, in the process, heave the economy out of a gloom due only partly to the coronavirus.

Customized BIZ tax, non-tax perks to lure right investors

Finance Sec. Carlos Dominguez III is pushing a more proactive, targeted investment promotion strategy of directly approaching the kind of foreign investors that the government wants to relocate here and offering them a set of tax and non-tax incentives tailor-fit to their needs, as part of the efforts to reenergize the economy and create more jobs under a post-quarantine environment.

China’s trillions toward tech won’t buy dominance

Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.

‘Cognizant determined to emerge stronger from Covid crisis’

Thanks to a strong balance sheet, close partnerships with associates/clients, and digital imperatives, says Brian Humphries

Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal

The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies

Coronavirus impact: Time for employers to up skill employees

For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills

Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal

While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »

Nordic investors turn up heat on coal in climate campaign

OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.

Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal

Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19

Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief

In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive

Universal basic income – an idea whose time has come

‘There’s nothing more powerful than an idea whose time has come,’ said Victor Hugo. This quote helps us understand the growing calls from all spheres of society worldwide for the introduction of a universal basic income (also known as a basic income grant).

Think smarter

Smart Cities Mission, which was to approach urban planning creatively, perpetuates the traditional neglect of health.

What options are available for ethical investing?

Shariah-compliant funds and ESG investment products are among the choices available to you.

Tiger Brands faces R500 million-plus hit to profit because of lockdown

South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.

Newmont Stock Has Doubled. Is It Still A Buy?

Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?

Cree Stock Headed Below $35?

Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...

Padenga targets increased quality skins sales

LISTED crocodile skins and meat producer, Padenga Holdings is targeting to sell 55 000 quality skins this year from its Zimbabwean operations compared to last year’s, 41 450 skins. In its 2019 annual financial report released last week, Padenga Holdings said that local business operation was the mainstay. “The Zimbabwe operation is projecting to sell 55 000 premium quality skins in financial year 2020, further extending its opportunity to expand its customer base. “Demand for defect free skins remains strong and prices are anticipated to hold as long as the quality expectations of the premium market are satisfied,” said Padenga. Crocodile skins and meat from Padenga’s Zimbabwe operation are exported to Europe and Asian markets to countries such as France and China.

Green shoots for drought-hit agricultural stocks

With many agricultural firms at multi-year highs it is easy to see why attention is on the sector. But investors must pragmatic about the cyclical challenges.

Algorithmic selling risk of your money

OVER my last 32 years, I have seen many a ‘latest fashion’ encourage investors to run toward emptying their bank accounts.

Current equity losses underline why planned exit from investment is important

In investing, the level at which you invest is just as important as the value when you exit.

Andrew Liveras doesn’t know what he’s up against

He’s getting some nice press though:

Siemens Healthineers: Excellent Company, But The Valuation Doesn't Scan

Healthineers is one of the world’s leading medical technology companies with a leading position in imaging and advanced therapies. Its diagnostics division has

Western Area grabs big stake in rival nickel miner

There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.

Got $5,000? Then Invest It in These Cheap High-Yield Dividend Stocks.

These top-tier businesses boast sustainable yields ranging from 6.8% to 9.9%.

Dollar General: Hoping That Nothing Has Changed

Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp

100 High Yielders Down Big: These 4 Are Worth Considering

While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc

With 22% returns so far in 2020, Gold ETFs could help you polish your portfolio even in trying times

Gold has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in comparison.

Occidental Petroleum: The Uncle, The Oracle And The $40 Billion In Debt

OXY is at a critical point as asset sales have not gone as expected in the face of the pandemic. Specialist firm Moelis is assisting them with pushing maturitie

Midstream Refreshed After Pause

After pausing last week, the bounce back for midstream resumed in a big way this week. MLPs and the AMUS put up their biggest week of the year on the back of an

3 Stocks to Supplement Your Social Security Income

Companies with decent yields with the operations to support their dividends even during an economy-wrecking pandemic are certainly worth considering.

To Prevent Problematic Inflation, We Need More Production. Which Means There’s Trouble Ahead.

Price inflation is so difficult to predict because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.

Vermilion Energy CEO’s departure signals return to conservative roots

Return of co-founder as executive chairman comes with greater focus on balance sheet

Vedanta: Going Private

Vedanta's promoters have decided to take the company private. The company has been investing in capital assets year-over-year to the extent that the fixed asset

Why smart investors are buying gold in midst of Covid

Gold as an asset usually shares negative correlation with other assets (such as equity, debt and real estate), and tends to perform better during risk-off periods. It protects the investors’ capital against tail risks and other events that have an adverse impact on capital or wealth.

Silver's Silver Lining

Investors may consider some exposure to silver as the multi-year, supply-demand surplus scenario looks to be transitioning towards a more favorable picture. On

HDFC Q4 profit at Rs 2,233 crore, provisions spike on COVID-19 impact; loan growth at 12%

Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.

Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore

The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.

Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore

The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.

Buy Hawkins Cookers; target of Rs 4900: ICICI Direct

ICICI Direct is bullish on Hawkins Cookers has recommended buy rating on the stock with a target price of Rs 4900 in its research report dated May 22, 2020.

Bata India Q4 net profit down 57% to Rs 38 crore

The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.

HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr 

Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. 

Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr

Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.

Dr Reddy’s Rating: Neutral — A strong performance in the quarter

FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

HDFC FY20 results: Profit rises 30% to Rs 22,826 crore, revenue up 10%

For the January-March quarter of FY20, HDFC reported a 10 per cent decline in consolidated net profit at Rs 4,341 crore as against Rs 4,811 crore for the corresponding quarter last year

HDFC reports 22% fall in Q4 net profit

Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 to ₹2,232.53 crore as against ₹2,861.58 crore a year ago.The housing finance comp

HDFC Q4 standalone PBT down 27% to Rs 2,692 cr, revenue up marginally

The company said revenue was at Rs 11,975.72 crore, from Rs 11,580.05 a year ago.

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19

HDFC profits decline: How much has the impact of COVID-19 been?

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid

After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore

Domestic mutual funds increase ownership of Nifty companies in Q4

Compared to the March quarter last year, the ownership is higher by 140 bps

HDFC posts 22% fall in Q4 net, provisions rise on COVID-19 impact

It has reported an increase in provisioning, including impact for COVID-19, at Rs 1,274 crore (Rs 398 crore for COVID-19). The HDFC board has proposed a final dividend of Rs 21 per share as against a final dividend of Rs 17.50 the previous year.

HDFC reports 22 per cent drop in net over spike in bad loans, provisioning

“On the balance sheet level, we are carrying provisions of Rs 10,988 crore, which is much higher than the regulatory requirement of Rs 4,188 crore,” said Keki Mistry, vice chairman and chief executive officer (CEO), HDFC.

EUR/USD Price Analysis: Peeps above 1.09, but range play continues

EUR/USD is looking to begin the week on a positive note. The pair is currently trading at 1.0905, representing marginal gains on the day. However, des

GBP/USD Price Analysis: Portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

USD/CAD Price Analysis: Bounces off 200-hour EMA to probe 1.4000

USD/CAD takes the bids near 1.4000, up 0.05% on a day, during the early Monday’s trading. Despite failing to cross 1.4050 resistance, the pair’s recen

USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart

USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi

NZD/USD Price Analysis: Sellers look for entry below 0.6080/75 support confluence

NZD/USD again attempts recovery towards 0.6100 while bouncing off 0.6083 during Monday’s Asian session. Even so, the pair stays below 100-day EMA afte

USD/CHF Price Analysis: Buyers regain control above 100-day SMA

While extending its run-up past-100-day SMA, USD/CHF rises to 0.9720, up 0.08% on a day, during the early Monday. Considering the pair’s sustained tra

USD/JPY Price Analysis: Keeps mild gains above previous resistance line, 200-HMA

USD/JPY rises to 107.73, up 0.08% on a day, while heading into the European session on Monday. That said, the yen pair recently took a U-turn from a f

USD/INR Price News: Indian rupee bears cheer break of monthly support line, 76.25 in focus

While extending its break of the monthly resistance line, now support, USD/INR stays positive around 76.03 amid the initial Indian session on Monday.

GBP/USD: All signs are bearish for the pound

GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,

EUR/JPY Price Analysis: Support emerges in the 117.00 region

The downside momentum in EUR/JPY lost momentum in the 117.00 area so far, after being rejected from monthly tops in the mid-118.00s. If sellers remain

EUR/USD: At major support, the tendency is to the downside

EUR/USD Monday's four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four

US Dollar Index Price Analysis: Upside targets the 100.00 mark

Monday’s upside momentum in DXY appears to have lost some vigour in the vicinity of the key barrier at 100.00 the figure so far. A surpass of the 100.

EUR/USD Price Analysis: Further consolidation remains on the cards

The decline in EUR/USD seems to have bottomed out around Monday’s lows in the 1.0870 region for the time being. If sellers regain the upper hand, then

USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700

The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.

USD/INR New York Price Forecast: Greenback knocking at the 76.00 resistance vs. Indian rupee

USD/INR is testing the 76.00 figure while above the main SMAs on the daily chart. The bulls remain in charge at the start of the new trading week. A close abov

Silver New York Price Forecast: XAG/USD kicks off the week stable near $17.00/oz

XAG/USD is trading close to 10-week tops below the 17.45 resistance. Buyers should remain in charge but need a sustained break above the mentioned level possib

NZD/USD buyers struggle around 0.6100 despite upbeat New Zealand trade data

NZD/USD fails to portray better than forecast New Zealand Trade Balance figures while taking rounds to 0.6100 amid the early Asian session on Tuesday.

GBP/USD Price Analysis: Buyers attack 1.2200 following Monday’s spinning top

GBP/USD takes the bids to 1.2195 during the initial Asian session on Tuesday. The pair formed a bullish “spinning top” candlestick on the daily chart

Hold Colgate-Palmolive (India); target of Rs 1350: ICICI Direct

ICICI Direct recommended hold rating on Colgate-Palmolive (India) with a target price of Rs 1350 in its research report dated May 23, 2020.

CREDAI writes to PM Modi, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis

Bajaj Finance Rating: Buy — BAF will cement its dominance once the dust settles

FY21/22e earnings cut by ~8% due to present crisis; TP lowered to Rs 3,500; growth story is intact; ‘Buy’ retained

Covid-19: Will stimulus package work – Hits and misses

In the Covid-19 stimulus package, five pillars of Atmanirbhar Bharat were stressed upon: economy, infrastructure, tech-driven system, vibrant demography and demand.

Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke

Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →

Kotak Mahindra Bank shareholders approve plan to raise capital

Kotak Mahindra Bank on Monday said it has received shareholder approval for its capital raising plans.“We would like to inform you that the above mentioned special resolution has been passed by the me

Deficit monetisation: Is it really as simple as RBI printing more money?

India has a comfortable foreign exchange reserves of $487 billion currently.

Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares

Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Banks continue to lend less even as deposit growth improves, credit growth now at  mere 6.5%

Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

COVID-19: CREDAI writes to PM, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has

HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout

Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.

Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds

Collections may come under pressure once the base effect wears off

99% MSMEs won’t benefit from Centre’s loan scheme: Chavan

As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.

Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4

All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.

Southern Company: Still A Stock To Own?

In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance: sources

Tata Motors' JLR seeks COVID-19 support package in UK: Reports

Tata Motors owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.

Jaguar Land Rover in rescue talks as sales plummet

Jaguar Land Rover is seeking a UK government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.

Jaguar Land Rover in rescue talks as sales plummet

Jaguar Land Rover is seeking a UK government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.

China's Great Wall expects mild domestic auto sales growth in H2

BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

China's Great Wall expects mild domestic auto sales growth in second half

BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers

Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.

Rolls-Royce increases price-cuts pressure on suppliers

Big equipment makers turn to strained supply chain for savings

Nissan, Renault to disclose plan to slash production due to Covid shutdowns

The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022

Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report

The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »

In China's auto market, worries grow that cashback deals and gifts presage damaging price war

Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...

Renault must join French-German battery project: minister

Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.

Nissan and Renault shelve merger plans to repair their alliance - sources

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

Iberdrola: Renewable And Regulated Mean Dividend All But Guaranteed

Substantial income generated from regulated utility assets, a highly predictable source of cash as it's pre-ordained. It also generates electricity from renewab

Macron Set to Unveil Aid for Embattled French Auto Industry

French President Emmanuel Macron is set to announce measures to support the auto industry before other European governments, highlighting the crucial role the sector plays in the economy and how hard it has been hit by the coronavirus pandemic.

Nissan and Renault shelve merger plans to repair their alliance, say sources

NEW YORK, May 26 — Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. Nissan has long resisted Renault’s proposals...

South Africa’s richest people recover some lockdown losses

South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.

Honeywell Sales Down 7% But Stock Up 60%; Why?

Honeywell’s stock gained over 60% in 3 years, with the stock price rising from $108 at the end of 2016 to about $176 at the end of 2019. Though the stock price dropped in 2020 to $136 as of 18th May 2020 due to the COVID-19 pandemic, the stock has still registered a cumulative return of 25%...

Tiger Brands looking at 'significant' job losses as it counts cost of pandemic

Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.

Two more resource sector raisings out of Canaccord

It's a busy morning for small and microcap resources investors. 

Alibaba Drops After Projecting Slowing Growth in Uncertain Times

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Australia’s international trade took a dive in April

The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:

Campari: Stock Is Too Expensive As Restaurants Remain Closed

First impact from COVID-19 could be seen in Q1 results, where profit halved compared with the same period last year. Further drop in sales and profit is expecte

Bank OZK: Further Margin Attrition And Elevated Provision Expense To Hurt Earnings

OZK will most likely need to increase its loan loss reserves in the second quarter, leading to another quarter with high provision expense. The rate-sensitive n

Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic

Reports lower H1 earnings, defers dividend.

ASX climbs 2.2pc to 11-week high, buoyed by travel stocks

The Australian sharemarket closed at an 11-week high as shares extended their rebound from the March rout as the economy edges back to normal. 

Walmart - Impressive, But Not Impressive Enough

Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d

Laptop imports from China surge during shutdown

Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.

Virtual Reserve Bank cash cut lowers rates

A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.

Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings

CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain

Experts urge govt to lock in crude oil purchases as prices start rising

They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision

Canada's TSX gains more than 1% as financial shares climb

TORONTO — Canada’s main stock index rose on Monday, helped by gains for financial shares, as investors welcomed a stronger-than-expected rebound in German business morale.

India sharply cuts exposure to US govt securities to $156.5 billion in March

India's holding declined by USD 21 billion to USD 156.5 billion at the end of March. The exposure was at a record high of USD 177.5 billion in February and USD 164.3 billion in January.

Buy Kalpataru Power Transmission; target of Rs 313: YES Securities

YES Securities is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 313 in its research report dated May 21, 2020.

Buy Strides Pharma Science; target of Rs 421: ICICI Securities

ICICI Securities is bullish on Strides Pharma Science has recommended buy rating on the stock with a target price of Rs 421 in its research report dated May 21, 2020.

RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers

The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.

Job searches for remote work jump 377% during February-May

In wake of the coronavirus crisis, job searches for remote work in India have soared over 377 per cent during February to May, reveals a recent report by job portal Indeed. Job seekers are ready to take a salary cut in order to have access to remote worki

An Analysis Of Dropbox And Box For The Work-From-Home Era

Box revenues are growing but growth is slowing. R&D could improve the current offering. Quarterly earnings give hope there are still near-term headwinds. Dropbo

Visa Is Gaining Momentum

Visa has been one of the best-performing, large-cap stocks over the last decade. The stock is currently rebounding from the Covid-19 low levels. Free cash flow

Softer rate regime to impact guaranteed-return products

“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.

Harte Gold: Digging Into The Q1 Results

Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio

3 Stocks to Buy and Hold for Decades

Great businesses can allow you to compound your wealth over the decades.

Life insurance firms record 45% degrowth in April, but post-COVID future bright

Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward

Meituan Dianping (MPNGF) CEO Xing Wang on Q1 2020 Results - Earnings Call Transcript

Meituan Dianping (OTCPK:MPNGF) Q1 2020 Results Conference Call May 25, 2020 08:00 AM ET Company Participants Scarlett Xu - VP & Head of Capital Markets Xing

Godrej CEO: Focus to be on driving growth as margins are quite reasonable

Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 days of March.

5paisa.com CEO: Profitability is in our sight, but it’s not our focus

Currently, 80% of the customers the company acquires are coming to the capital market for the first time and they have never traded or invested in their life.

Angel investors examine exit options in Egypt after end of holding period

While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.

Smiths City votes to go into receivership to hasten sale

Furniture and electronics retailer Smiths City has been placed into receivership to allow a quick sale to Polar Capital, a private investment...

Senior markets operative jumps ship to MST Financial

Gerard Satur's MST Financial has made another high-profile hire. 

Tax hit from Covid-19, O’Flynn’s solutions to housing crisis, and new homes for D8

Business Today: the best news, analysis and comment from The Irish Times business desk

ACTU lays out demands for Virgin bidders

With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.

Premier digs in on rent as UK restrictions bite

The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.

CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons

Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr

Cambodia bourse sees first bank listing

Acleda Bank, the largest commercial bank in Cambodia, downplays the risks of debuting on the Cambodia Securities Exchange during the coronavirus pandemic

The Daily Chase: Bank earnings loom; CECRA applications open

It’s bank earnings eve in Canada, with the billions upon billions in cumulative loan loss provisions expected to be presented to investors starting tomorrow when Bank of Nova Scotia and National Bank launch reporting season for the Big Six. Meanwhile, the government’s emergency commercial rent assistance program is open for applications as of today,

Wirecard postpones issuing annual results again

Fintech says not all audit procedures completed and puts AGM back until August

Public pension plans largely stick to convention and offer little information on pandemic impact

Neglecting to release quarterly results, the plans’ leaders say they’re built for the long term, no matter this year’s damage

Streetwise newsletter: Public pension plans largely stick to convention and offer little information on pandemic impact

Public pension plans largely stick to convention and offer little information on pandemic impact: The Canada Pension Plan Investment Board is about to give Canadians insight into what COVID-19 has done to the investments of the country’s public pensions in the past few months – but for members of most other major plans, the damage that’s been done from a sharp, sudden decline in markets may remain a mystery. (David Milstead)

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,075.42, up 161.78 points.) HEXO Corp. (TSX:HEXO). Health care. Up 21 cents, or 23.86 per cent, to $1.09 cents on 22.3 million shares.

'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'

Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.

Capex preview

Via the excellent Gareth Aird at CBA:

Owner-occupier mortgages still OK but…

Vir CoreLogic’s leading indicators:

Oil price rebound improves investors’ patronage, lifts index by 5.59%

The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...

Toronto stock market rally led by cannabis while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.

Gold sees next leg higher towards $2000/oz – Citibank

Analysts at Citibank offer key insights on why is gold’s next move higher, as the bulls look towards $2000/oz. Key quotes “Drivers of money flow into

NZD/USD: Liquidity cheers the kiwi up – ANZ

NZD/USD ended last week just above 0.61, having started on Monday at 0.5925 and climbing above 0.6150 at one point. Now, the kiwi is consolidating aro

EUR/USD: The global outlook points to be positive for the euro – Danske Bank

While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna

AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac

The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan

USD/CAD: Oil to refrain the loonie recovery – CIBC

Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l

AUD/USD: Stable environment for the Aussie – CIBC

The Aussie is up over 4% since mid-April and an earlier than anticipated dose of optimism has forced analysts at CIBC Capital Markets to revise the AU

Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery

In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist attacks.

Financials Still A Value Trap

Financials have underperformed dramatically and seem optically cheap - with large capital buffers and unlimited Fed liquidity support and would benefit from GDP

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

Germany stamps authority on Lufthansa with $9.8 billion lifeline

The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

French public lender raises 4.2 billion euros for fund to boost French firms

French public lender raises 4.2 billion euros for fund to boost French firms

French crisis measures have cost 450 billion euros, finance minister says

French crisis measures have cost 450 billion euros, finance minister says

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the

Germany's Lufthansa agrees to government's $9.8b aid

Deal will also place federal government with a major say in airline's future course

German government agrees €9B Lufthansa bailout

The deal still needs to be approved by the European Commission’s competition team.

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

Germany set to take Lufthansa stake in landmark $9.8-billion bailout

The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.

Germany stamps authority on Lufthansa with €9b lifeline

FRANKFURT, May 26 — Germany threw Lufthansa a €9 billion (RM42.7 billion) lifeline yesterday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20 per...

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...

Gold Trading Along Last Week’s Lows

Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com

Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy

Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy

Business sentiment rises but Covid-19 concerns persist

‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland

German IFO Business Climate Index beats estimates with 79.5 in May, EUR/USD uninspired

more to come ... About German IFO The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute chang

EUR/USD trims losses, looks to regain 1.0900 post-IFO

Following a drop to daily lows in the 1.0870 region, EUR/USD met some fresh buying interest and is now attempting to reclaim the 1.09 neighbourhood. E

5 charts show how the coronavirus crisis has dwarfed the Great Recession in just 2 months

"It just goes to show you how quickly the current crisis has evolved and how deep it is," said Daniel Zhao, an economist at Glassdoor.

What every Canadian investor needs to know today

A look at the morning’s market action

The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low

Investors look to an eventual economic recovery, but credit markets may be seeing things differently

German business expectations pick up as lockdown is lifted

Monthly survey finds improving outlook despite pessimism over current effect of pandemic

Consumer Confidence Inches Higher in Canada, Except for Housing

Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.

AUD/USD pares early losses, registers modest gains near 0.6550

The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD

Carney: America’s Economy Slowly Comes Back to Life

Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.

Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media

Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st

CEO buys struggling New Zealand media company for $1

WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.

One of New Zealand's largest media organisations is being sold for just $1

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

CEO buying struggling New Zealand media company for NZ$1

One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.

CEO buys ailing New Zealand media giant Stuff Limited for one dollar

Boucher joined as a reporter in 1993 and has spent most of her career at the company

CEO buys struggling New Zealand media company for $1

The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.

New Zealand's media firm Stuff to be sold for a single dollar to its CEO

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists

CEO buys ailing New Zealand media giant for one dollar

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

CEO buys ailing New Zealand media giant for one dollar

Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

ARA: ‘Retailers Need More Flexible Trading Hours’

The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.

New face of banking: Millennials prefer robot bankers to humans

Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19

The new normal: How coronavirus pandemic is changing consumer behaviour

Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which

JobKeeper fuels 'major hunger' for new sneakers

Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.

Why Target ended up a $3.6b black hole

It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.

Retailing 2020: Five Things To Watch

The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While it's clear that the digital shift will stick in the retail ecosystem, other elements of the landscape are harder to predict. PYMNTS identified five areas and companies to watch as the post-pandemic recovery evolves. Amazon The balance of 2020 will be notable for what Amazon does not do. For instance, it will not buy JCPenney. The reason cuts right through Amazon's strikezone: The company has always been about the customer experience and customer satisfaction. JCP doesn't have much to offer Amazon in terms of customers. On the inventory side, Amazon has always taken one step up and two steps back on fashion, which is a tough margin to run on. In terms of real estate, JCP still has some decent mall locations, but not enough to justify what would be a very risky acquisition. If Amazon sees any M&A deals this year, it will likely be on the

How The Stage Was Set For The Pandemic’s Great Digital Shift

The pandemic has spurred a great shift to digital, but the foundation was already in place, underpinning consumer behaviors that seem poised for permanence.

Middle-aged consumers emerge as major digital content subscribers

Subscription-based streaming services and e-books are no longer the preserve of the tech-savvy younger generation. People in their 50s and 60s are fast becoming a major consumer base in the digital content market, at least among the better off, a survey showed Monday. From 2016 to 2019, the amount that people in this age group spent on digital content increased 160 percent while the number of online payments soare...

Home appliances remain immune to Covid, lockdown relaxation boosts demand

28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey

Mall REITs - Under Threat From The Lockdown Flight To Online Shopping

Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.

Tech This Week | Advertising a tax on the poor, pandemic going to exacerbate it

Many don’t have jobs now but the book Poor Economics says they could trade off a little food for entertainment. So they’ll bear the brunt.

Lenovo promises to up PC building to meet working from home demand

Employees will continue to work from home after the crisis is over and Lenovo is preparing to meet increased demand for PCs.

Startup Livspace lays off 450 employees on adverse business impact from COVID-19

Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors.

Finances And Coronavirus: Threats And Opportunities In Lockdown Era

The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term

To axe or not?

WHILE some companies have moved to cut staff amidst COVID-19's crushing impact on their o...

Goodbye office: Is the future of work in our homes?

SINGAPORE: Wanting to create a parent-friendly workplace, Ms Joerin Yao, managing director of human resource consultancy Enable Group, has been ...

Liz Weston: Find free, solid money advice in uncertain times

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...

Whether To Give Up Dumpster Diving

I discuss the news that Tuesday Morning could file for bankruptcy this week. I reflect on the prospect of quitting 'dumpster diving.' I share a painful lesson o

Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope

The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.

Want to buy car or bike for social distancing? These points will guide you

A recent survey by Capgemini’s Research Institute shows that 57 per cent of Indian consumers are considering a car purchase to avoid future public transport.

Pandemic personal finance update finale: A 10-point checklist of things you should have done by now to protect or improve your money situation

This tenth, and last, instalment of the Pandemic Personal Finance Update will look at 10 steps to guard your financial well-being

Hybrid annuities: Something to consider when choosing your pension

The best news often follows the worst. But the best news may take some time to arrive. The worst news in financial markets often comes from unexpected events, such as the international 2008/10 meltdown as a result of the American sub-prime property crash. This has now been followed by the Covid-19 pandemic, which is expected to have a much larger and longer financial impact.

Coronavirus News: As more stores file for bankruptcy, 7 On Your Side looks at the future of retail

At least three major retailers have filed for chapter 11 bankruptcy protection this month as the COVID-19 crisis has crippled sales -- now experts say it might be a good time to spend those unused gift cards.

Why choose a business course? Creativity, teamwork alongside enterprise

Consider average class size, work experience, project work when choosing your course

This Week: New home sales, US GDP, consumer spending

A look at some of the key business events and economic indicators upcoming this week:

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in first quarter

Mexico posts largest trade deficit on record as exports collapse

Mexico posts largest trade deficit on record as exports collapse

BOK tipped to cut key rate this week: poll

The Bank of Korea (BOK) is widely forecast to trim its policy rate this week amid the growing economic fallout from the new coronavirus outbreak, a poll showed Monday. Twelve out of 18 analysts surveyed in a poll by Yonhap Infomax, the financial news arm of Yonhap News Agency, forecast a rate cut this Thursday when the BOK monetary policy board holds its monthly rate-setting meeting. The central bank froze the benc...

DMart’s secular rally may pause for a while

The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.

This Week: New home sales, US GDP, consumer spending

A look at some of the key business events and economic indicators upcoming this week:

Slump in consumption, exports push Germany into recession in Q1

BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...

Slump in consumption, exports push Germany into recession in Q1

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.

CBRE Hotels Research forecasts full demand recovery by late 2022

ATLANTA – After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022, according to the June 2020 edition of CBRE’s Hotel Horizons forecast report. CBRE foresees demand for U.S. lodging accommodations returning to precrisis levels in the third quarter of 2022. However, a lag in ADR (average daily rate) growth will stall the recovery in

Despite coronavirus outbreak, Nigeria’s economy grew by 1.87% in Q1

Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per […]

Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20

Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number

Australia gives companies a six-month break from earnings forecasts

Australia gives companies a six-month break from earnings forecasts

Hertz files for bankruptcy after rental-car demand vanishes

Drop in used-car sales compounds financial woes.

Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies

In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w

ANZ 'hopeful' COVID loan deferrals not as dire as feared

ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.

ANZ 'hopeful' COVID loan deferrals not as dire as feared

ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.

Frydenberg moves to shield boards from class action lawsuits

Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.

Frydenberg moves to shield boards from class action lawsuits

Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.

Frydenberg moves to shield boards from class action lawsuits

Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

Master Parasites demand $40,000 new home subsidy

Last week, the Property Council of Australia (PCA) demanded a $50,000 new home boost to “kickstart the economy” by stimulating the construction of 50,000 dwellings, alongside a massive ramp-up in immigration.

Demand for budget-friendly homes surges amid layoffs, pay cuts

As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.

Cash for new homes the key to saving jobs, says industry

On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.

New payment to support Kiwis through COVID

Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development

Time to take economy out of intensive care: PM

Scott Morrison will appeal to a "new sense of common purpose", with $1.5 billion in federal funding to the states as leverage, to deliver an economic recovery he envisages will take between three and five years.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay for massive deficits.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay fo

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA - The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committ

Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%

Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.

Prozone Intu: Radhakishan Damani buys 1.26% stake, Rakesh Jhunjhunwala retains 2.06% in Q4 FY20

Meanwhile, big bull Rakesh Jhunjhunwala has held stake in Prozone for several years now

Still A Lot of Value in Corporate Bond Market

Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c

KB Asset launches fund to invest in US blue chips

Seoul-based KB Asset Management said Monday it has launched a fund that targets blue chips listed in the US stock exchanges. The open-ended fund is raising funds from South Korean retail investors and is expected to invest in US firms that generate stable income supported by their new growth engine, such as Amazon, Apple and Alphabet. At least 70 percent of the funds will go to large-cap stocks, KB Asset said. &...

Only a Few Hedge Funds Made Money in March and April. Here’s How

Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.

Fifteen U.S. value stocks set to perform strongly in a recovery

Looking for U.S. large and mid-cap value stocks

Only a few hedge funds made money in March and April. Here's how.

Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

BSE, NSE shut today on account of Ramzan Id

On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.

Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%

Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.

Markets closed for Eid-ul-Fitar on Monday

Financial markets will resume trading on Tuesday, May 26

Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

Short-term rates fall by 30 bps, ease working cap stress

Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.

Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020

On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »

Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits

Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering

Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance

This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).

DomPost returns to local ownership, sold by Australian owners

Wellington.Scoop There’s a new owner for the DominionPost – a management buyout of its parent company Stuff Ltd has been successfully completed by the Stuff chief executive Sinead Boucher. The DomPost reports the deal this morning:

IPO ‘roadshows’ from home cause bankers to question the old ways

Advisers and executives say they do not miss the traditional tours of financial centres

‘Never waste a crisis’: inside Saudi Arabia’s shopping spree

The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles

Seven questions with Stuart Welch

Alphinity's Stuart Welch talks about why Cochlear has been disproportionately hurt during COVID-19, and why he prefers Transurban to Sydney Airport.

A Big Monkey Wrench In Any Economic Rebound

Today, we discuss a 'moral hazard' that came about thanks to the recently passed $2 trillion CARES Act. Few in the media are spotlighting this obvious impedimen

‘Impact investing is going to be the mainstream’

Aavishkaar’s Vineet Rai believes that Covid-19 has forced the world’s richest people into thinking more about resilience than returns

What Yasir Al-Rumayyan said at event explains unusual timing of Newcastle United takeover bid

Yasir Al-Rumayyan has given an insight into why Saudi Arabia's Public Investment Fund has been so aggressive during the coronavirus pandemic as Newcastle United supporters await the result of the Premier League's owners' and directors' test

Fed Chiefs Speak: Reading Between The Lines

On May 20, 2020, three state Fed chiefs spoke independently on what they expect the economy to do in the near future. I thought it'd be a great idea to reconcil

'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'

With more rate cuts expected, we expect bond yields to remain soft in the near term.

Sovereign rating: Economists shrug off downgrade fear amid Covid crisis

Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.

Spend the $60b windfall on bigger stimulus

If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.

Diokno nixes cut in banks' RRR for now

Bangko Sentral Gov. Benjamin Diokno discounted the need for another cut in banks’ reserve requirement ratio anytime soon since domestic liquidity remains ample but hinted for more policy rate reduction.

Savings banks’ Q1 net profit up 20% on increased interest income

South Korean savings banks reported a 19.4 percent rise in their combined net profit in the first quarter due to increased interest income, data showed Monday. The combined net income of the 79 savings banks stood at 246.3 billion won ($199 million) for the January-March quarter, compared with a profit of 206.3 billion won a year earlier, according to the data from the Financial Supervisory Service (FSS). Their int...

JobKeeper blunder may have forced up debt costs by $180m

The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.

Ratings agency reaffirms negative outlook, despite JobKeeper change

Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.

Fitch sticks to AAA credit downgrade warning

Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.

Aston Martin's chief to leave as a part of shake-up

GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...

Mercedes-AMG boss tipped for top job at Aston Martin

The British brand's relationship with Mercedes may become stronger according to international reports.

Mercedes-AMG boss to head up Aston Martin as Palmer is axed – report

A fresh report out of Europe claims Aston Martin CEO Andy Palmer will be replaced by Mercedes-AMG boss Tobias Moers in a management shake-up.

Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief

Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment

Sportscar brand Aston Martin could see AMG chief come in as CEO

Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time

Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...

Andy Palmer to quit as Aston Martin CEO after shares plunge

Will be replaced with Mercedes-AMG CEO Tobias Moers

Growth Of Million-Dollar, One-Person Businesses Accelerates

US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.

Consumer Spending And Demand Has Changed Due To The Pandemic

The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.

Crowdfunding projects help virus-hit businesses in Japan

Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.

New 'ShopKiwi' website encourages shoppers to support local businesses

The website offers free sign-up for NZ owner-operator businesses.

UAE's restaurants, cafes launch direct-to-customer campaign, drop delivery charges

More than 40 operators sign up for campaign that will run all through June

FinTechs Help Main Street Find Its Footing

Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.

Japan will aim to shore up travel demand from late July

The government will carry out support measures to shore up demand in the travel and restaurant industries hit hard by the coronavirus pandemic, starting la

Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus

Maruti Suzuki, the country’s largest vehicle maker, has restarted production at its Gujarat plant as the country is the midst … Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus Read More »

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of COVID-19. The facility, which rolls out two models, Baleno and Swift, currently has an installed production capacity of 5 lakh units per annum.

Suzuki Motor Resumes Production At Gujarat Plant

The facility rolls out two models, Baleno and Swift and currently has an installed production capacity of 5 lakh units per annum.

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat (SMG) manufactures cars on a contract basis for Maruti Suzuki India (MSI).

Coronavirus lockdown: Maruti Suzuki resumes manufacturing at Gujarat plant

SMG had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of COVID-19

Suzuki Motor resumes production at Gujarat plant after two months

SMG had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of coronavirus

Suzuki Motor resumes production at Gujarat plant

Maruti Suzuki India (MSI) on Monday said Suzuki Motor Gujarat has resumed manufacturing operations after having suspended work for over two months due to coronavirus lockdown. Suzuki Motor Gujarat

Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales

How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.

EU-Startups Job Board: 5 exciting startup jobs waiting for you in sunny Spain

With many Spanish cities now in phase 1 or phase 2 of the ‘de-escalation’ of the quarantine, many more startup jobs and opportunities are opening up. The EU-Startups job board, which we just relaunched, is proof of this, having received a small influx of jobs the past few days. Whether you’re a m

Silly Billy: What the Ikea bookcase tells us about the true cost of fast furniture

A Billy is made every three seconds. But the cheap-furniture boom has an ecological price

Adobe’s top tips to adapt your commerce strategy during the pandemic

Making clear and factual statements, meeting customer commitments, and ensuring business and operational continuity is more important than ever

US-based Alsco seeks permission for Spotless Laundries

The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy. 

What Investors Can Learn From Sears And J. C. Penney

History often does repeat itself. Being innovative matters now more than ever as America reopens. The J. C. Penney and Sears experiences can inform investors lo

The next big beauty trend? Crowdsourcing product ideas

Many companies use Instagram to promote their products, but for a new wave of beauty brands, social media is where they come to life.

India sharply cuts exposure to US govt securities to $156.5 billion in March

In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.

How to build an emergency fund

The financial problems caused by the pandemic has made everyone realise the importance of maintaining an emergency fund

Pros and cons of investing in NPS for retirement saving

National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.

UK bailout schemes could create coronavirus debt trap, warn banks

Fear businesses could face paying billions in loans just as they try to recover from pandemic

$49b loans of COVID-19 affected borrowers get preferential rates

(The Vietnam News/ANN)----Banks cut interest rates for loans worth more than VND1.12 quadrillion (US$49 billion) of nearly 322,190 borrowers affected by the COVID-19 pandemic as of May 11, a State Bank of Viet Nam (SBV) report showed. The banks also extended debt payment deadlines for another 215,136 borrowers with total loans of nearly VND137.94 trillion. New outstanding loans totalling nearly VND600 trillion with interest rate reductions of 0.5-2.5 percentage points per year were also offered to nearly 190,000 borrowers.

RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

Home, Personal Loan EMI Moratorium: With the hardship continuing due to the ongoing lockdown, the RBI has extended the moratorium of term loans by a further three months till August 31, 2020.

Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens

Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.

No crowds at lunch: Staying safe at workplace cafeterias

The HungerBox platform regulates user flow into cafeterias and enhances crowd management

Update: Mr Lee’s Pure Food Co’s Equity Crowdfunding Campaign Surpasses £1.8 Million During the Final Days on Seedrs

Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is now

Never let a good crisis go to waste: How our food sector can save NZ's economy

The world will always need food, and New Zealand is enviably positioned to capitalise on this, writes future foods expert Rosie Bosworth – but we need to take a few big steps first.  It’s a bittersweet moment for New Zealand. As a nation we’ve collectively worked hard to successfully flatten the

We’re evaluating new food trends that gained momentum during lockdown: ITC’s Hemant Malik

Significant uptick in essentials; salience for larger-size packs

The Long-Term Consequences Of Knee-Jerk Supply Chain Reactions

Impulsive supply chain shifts introduced today amid the pandemic are likely to cause long-term changes — some positive, and some potentially detrimental.

Brand loyalty no more? Regional brands take larger pie in times of Covid

Local products gain market share as bigger FMCG companies struggle with supply chain issues

Let’s support farmers and try to keep shopping locally

From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.

Bharti Telecom to sell $1 bn stake in Airtel

 Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Airtel promoter to raise $1 billion to become debt free

Bharti Telecom has roped in JP Morgan for the raising USD 1 billion by selling 150 million equity shares at a price of Rs 558 per cent per unit

Bharti Airtel promoter to raise USD 1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt free, according to a source aware of the development.

Bharti Airtel promoter to raise $1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt-free, according to a source aware of the development. The promoter firm Bharti Telecom plans

‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’

The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.

Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt

India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block

ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods

ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.

ITC To Acquire Spice Maker Sunrise Foods

ITC-Sunrise Foods Deal: ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited.

ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore

The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.

Eggoz gets ₹2.5-cr seed funding

Egg producer and agri-tech venture Eggoz has raised ₹2.5 crore in seed funding from Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport and angel investors. Existing investors Narendra

How the Sunrise Foods buy spices up business for ITC

The move strengthens the tobacco major’s push towards non-cigarette FMCG business

Sun rises for ITC's aggressive acquisitions

ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030

Aprop Ciutat Vella Emergency Housing / Straddle3 + Eulia Arkitektura + Yaiza Terré

Completed in 2019 in Barcelona, Spain. Images by Adrià Goula. Gentrification is cruel to the historical centres of cities. Living in a walkable, diverse and well-equipped neighbourhood is becoming a highly...

Aprop Ciutat Vella Emergency Housing / Straddle3 + Eulia Arkitektura + Yaiza Terré

Completed in 2019 in Barcelona, Spain. Images by Adrià Goula. Gentrification is cruel to the historical centres of cities. Living in a walkable, diverse and well-equipped neighbourhood is becoming a highly...

Cornerstone House / Splinter Society

Completed in 2019 in Melbourne, Australia. Images by Sharyn Cairns. Located in the north-side suburb of Northcote, the Cornerstone House emerges as an ode to the rugged beauty inspired by the project site itself,...

Cornerstone House / Splinter Society

Completed in 2019 in Melbourne, Australia. Images by Sharyn Cairns. Located in the north-side suburb of Northcote, the Cornerstone House emerges as an ode to the rugged beauty inspired by the project site itself,...

Prim House / Studio Locomotive

Completed in 2019 in Thailand. Images by Beersingnoi. Prim House, designed by Studio Locomotive, is an unassuming two-storey home on a hundred-square-meter slice of land. The house is named after the...

Prim House / Studio Locomotive

Completed in 2019 in Thailand. Images by Beersingnoi. Prim House, designed by Studio Locomotive, is an unassuming two-storey home on a hundred-square-meter slice of land. The house is named after the...

Drone Deliveries In Canberra Surge 500%

Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery volumes.

Dublin-based Buymie expands its online supermarket to the UK via partnership with Co-op

Irish startup Buymie, the personalised online grocery delivery provider, has teamed-up with major supermarket Co-op to offer same-day home grocery deliveries and full personal shopping services across Bristol as a first UK city deployment. We featured Buymie this month in our list of 10 online super

10 food delivery startups smashing it in 2020

Online food ordering has been soaring the last two months all across Europe. Customers aren’t just dabbling in grocery delivery from online supermarkets – they are sampling direct-to-consumer meal kits and prepared meals more than ever before too. While some food delivery companies are having tur

Commentary: The biggest restructuring exercise facing Singapore businesses has just begun

From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...

What Sticks? Five Data-Driven Behaviors That Will Define America’s Reopening

PYMNTS has populated the current landscape with data-driven research to answer the critical question: Which consumer behaviors will stick through recovery?

Target To Close, Rebrand At Least 122 Stores In Australia

The Target retail brand is set to almost vanish in Australia, with parent company Wesfarmers announcing that up to 167 Target stores would either be re-branded to Kmart or closed down entirely....

Zimbabwe fuel crisis set to worsen

DESPERATE motorists are set to endure more anguish at fuel pumps, after authorities admitted at the weekend that they were struggling to get foreign currency to import petrol and diesel.

Crude processing in April sees biggest drop in nearly two decades

The lockdown and travel curbs aimed at stemming spread of COVID-19 since March 25 forced people to stay home, cutting India's fuel demand by 45.8 percent in April.

Irish agribusiness ClonBio reports €95m pretax profit for 2019

Ethanol prices rose last year, but Covid-19 impact means transport use has declined this year

Stop escalating oil prices -- lawmakers

The three said that aside from urgently repealing the TRAIN law, oil prices can be lowered further in the long term by enacting three  legislative measures that will free the country from the stranglehold of the oil cartel.

Moody's revises outlook on Adani Abbot Point Terminal's rating to stable

AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor

Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact

 Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over

Farmers, ranchers adapt to new eating routines amid pandemic

“We woke up one day, and all the restaurants were closed. All of them,” said Felix Florez, the owner of Black Hill Ranch, a hog farm in Cypress. Just like that, the coronavirus pandemic changed his bu

2 New Mexico Restaurateurs Are Adding Fuel To The Fire Under GrubHub

As restaurants struggle to stay afloat during the coronavirus pandemic, the delivery app is being widely criticized for charging them outrageous fees.

One-stop spot for fresh vegetables

SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d

Plant-based 'meats' catch on in the COVID-19 pandemic

Meat industry's troubles may have provided a boost for plant-based meat substitutes

Tasty pursuits! What consumers are turning to when restaurants are shut

The demand for snack items is up, but can manufacturers keep up?

Health products get a boost as desis look to build immunity

India Business News: As the coronavirus pandemic rages, health has become an important element even in food and grocery items. Indians are warming up to the idea of buildi

Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%

The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.

Teachers Mutual chalks up 300 per cent increase in mortgage deals

Teachers and emergency service workers are refinancing and borrowing to buy homes.

IDFC First Bank’s senior management takes 10 per cent pay cut in FY21

With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

IDFC First Bank senior management takes 10% pay cut

Private sector IDFC First Bank on Monday said its senior management has voluntarily taken pay cut of 10 per cent due to coronavirus pandemic, while the CEO offered to surrender as much as 30 per cent of his salary.

Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’

The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.

India looks to store cheap oil in United States: Oil minister

 India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a

Huawei seeks stable chip supply from Samsung and Hynix

Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.

[Tech Read] China looms over Korea in high-tech race (1) : Chinese firms enter memory market

China’s race to lead mainstream technology is intensifying not only against the US but also its neighbor South Korea.  President Xi Jinping has been public about China’s goals: By 2025, the country aims to domestically produce key technologies such as semiconductors, 5G equipment, robots, and self-driving and electric cars. The coronavirus pandemic hasn’t derailed its ambition to win the tech...

[Tech Read] China looms over Korea (4): Is China winning in 5G?

China’s race to enter mainstream tech is intensifying against not only the US but also its neighbor South Korea. With China aggressively pushing advancements of key technologies, Korea has been forced to take up the gauntlet before it is too late. The Korea Herald’s Tech Team has looked into four key areas to measure the technological gap between Korea and China and to offers forecasts about how the compe...

Globalfoundries to implement ITAR and strict security assurances at New York fab

Globalfoundries has announced plans to implement export control security measures at its most advanced manufacturing facility, Fab 8, in Malta, New York. GF will bring its Fab 8 facility into compliance with both the US International Traffic in Arms Regulations (ITAR) standards and the Export Administration Regulations (EAR), making the company the most advanced ITAR foundry in the country.

Test Research upbeat about 1H20

Test Research (TRI), which provides automatic test and inspection tool solutions, has landed a pull-in of orders for networking and server applications since the fourth quarter of 2019. The order pull-in momentum is expected to persist throughout the first half of 2020, according to the Taiwan-based company.

Korean firms brace to bounce back from pandemic

(Korea Herald/ANN)---Major South Korean companies have resumed operations at their overseas plants and are speeding up business normalization since suffering disruptions from the COVID-19 pandemic. This month, the nation’s two tech giants, Samsung Electronics and LG Electronics, restarted their production plants in India, which had been shut down due to the host government’s strict containment measures. Now, they have restarted work at more than 90 percent of the global production bases they had shut down.

India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT

The country's retail trade lost business worth Rs 9 lakh crore in the last 60 days, mainly due to the nationwide lockdown to contain coronavirus pandemic, trader's body CAIT said on Sunday.

Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT

CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST

Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding

In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later

IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid

IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr

Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat

Business Standard brings to you the top headlines of the day.

Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets

Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties

Productivity over meetings: Survey reveals what developers want to be more productive at work

During the survey, when developers were asked what they would need to achieve 100 percent productivity at work, 70 percent of developers opted for fewer meetings.

India user base grew 120%; focus on developing culturally relevant products: Snapchat

Snap Inc Managing Director (International Markets) Nana Murugesan said the company has been expanding its team in India

India Inc goes back to work with safety measures, strict 'no AC’ rule & plenty of social distancing

These business leaders share the protocols they have set in place as they reopened their workplaces.

Fewer meetings will help achieve 100% productivity, say developers in survey

Working longer hours wasn't an issue but developers said they wanted fewer meetings as it cuts into productivity. The survey found that 97% of developers who worked over 60 hours reported they were happy with their job.

Snapchat is expanding team in India, developing 'culturally relevant' products: Snap MD

Snap's daily active user base in India has jumped 120 percent year-on-year in March 2020.

INCON launches COVID-19 resource page

INCON has created a COVID-19 resource page, which provides tips and advice on creating online and virtual events and conferences. Its 10 Global Partners have contributed their latest recommendations and best practice advice on how to create, manage and market events or conferences during COVID-19. It is a stressful time to be working on events, we are offering this guide to help anyone trying to organise an event. Patrizia Buongiorno, INCON Co-Chair and VP at AIM Group International remarked “we

German Businesses Bet on Gradual Rebound From Virus Hit

German businesses are counting on an improvement in the economy in the second half after the coronavirus pandemic depressed private spending and investment and plunged the economy into a recession.Companies surveyed by Ifo showed cautious optimism in May, with a gauge of expectations rising after the previous month’s plunge. A full-fledged recovery though is still a long way off as consumers wary of infections keep away from shops and restaurants, and firms struggling with subdued demand cut jobs.

BOK's rate cut in the offing, but 'when' still being debated

The Bank of Korea (BOK) will be prodded to further slash its key rate to support the virus-stricken economy, experts said Monday, but when it will push down the base rate to an unknown territory remains to be seen. In a poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, 12 out of 18 experts surveyed anticipated to see a rate cut this month. But all but one expected the BOK to cut the rat...

Nigeria’s GDP expands by 1.87% amid global challenges

The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019

Nigeria's economy grows by 1.8% in first quarter of 2020

It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.

Nigeria’s economy expands 1.87% y/y in Q1

Expected recession could be worst in 40 years -World Bank.

Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?

U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.

Forced to adapt, businesses rethink how they make money | Honolulu Star-Advertiser

NEW YORK >> Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak.

HomeToGo CEO: Why COVID-19 Will Change Summer Vacation, But Not Cancel It

HomeToGo Co-founder and CEO Patrick Andrae talks about how COVID-19 has changed consumers' appetites for travel and vacation rentals.

COVID-19: Worries grow that consumers won't come back to malls

Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close

Here’s what Americans can’t wait to spend their money on when the country reopens

When the coronavirus lifts, viral spending will kick in.

RBA to update transaction processing and settlement system for new payment streams | ZDNet

The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.

Microsoft Remains An Interesting Dividend Growth Play

Microsoft's outlook is supported by growing demand for its productivity and cloud-computing offerings. Given its pristine balance sheet and high-quality cash fl

This Australian founder made $25 million from the COVID-19 pandemic

Jeromy Wells, the chief executive and founder of listed cloud communication platform and workflow software company Whispir, denies COVID-19 is the best thing that has ever happened to him.

Digitex Futures Adds Chainlink Integration For Unrivaled Price Data Accuracy

Digitex Futures has revealed a new partnership with Chainlink to provide the most consistent and accurate price data without fluctuation.

China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report

Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money,

Corporate governance: SBI weighed down by its own laws, says IiAS

The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.

iSignthis to End Contract with Visa, Criticises Proposed Rule Changes

iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.

Regulators mandating too many disclosures from firms on Covid impact

It is too early to seek such information from companies who are yet to recover from the effects of the pandemic

America’s Delisting Threat Could Pay Off

By Shang-Jin Wei NEW YORK – After passing unanimously in the US Senate on May 20, 2020, the Holding Foreign Companies Accountable Act is heading for the House of Representatives, and US President Donald Trump is expected to sign it into law. The law requires that all companies listed on US stock exchanges submit to audits reviewable by the US Public Company Accounting Oversight Board (PCAOB), and non-compliant firms can be delisted after three years. This has generated talk that all Chinese firms could disappear from US exchanges. Some observers might question the wisdom of such legislation, on the grounds that it could hurt returns on US household savings, financial-sector profits, and the global competitiveness of US stock exchanges. While these are legitimate concerns, a US threat to delist Chinese firms could be worth the risk, leading not only to more credible disclosures, but also, perhaps surprisingly, to more listings by high-quality Chinese private-sector firms. Truthful disclosure and severe punishment…

SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?

With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Lufthansa, German govt agree on rescue package amid travel slump: Report

Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid

Berlin takes the controls at Lufthansa in €9B bailout

The largest aviation rescue in Europe is going to have to be approved by Brussels.

Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’

Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...

Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon

Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and

Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It

The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa

Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing

Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.

Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst

Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever

[Newsmaker] Recycling centers face desperate battle to survive

The global coronavirus pandemic is threatening the future of plastic recycling in South Korea, as major recycling centers are incurring mounting losses amid a collapse in global demand. Many are being forced to cut costs, work hours and head counts just to stay afloat, but a quick turnaround appears unlikely, industry insiders and government officials said. “(Local) recycling centers are largely dependent o...

Coca Cola considers building Indonesian recycling plant, slashing 25,000 tons of plastic

(The Jakarta Post/ANN)---Soft drinks manufacturer Coca Cola Amatil Indonesia (Amatil) is looking into developing a plastic bottle recycling facility in one of the world’s top plastic polluting countries. The company said on Friday it had signed a deal with plastic packaging maker Dynapack Asia to conduct a feasibility study on developing the facility. The soft drinks maker also said it aimed to cut consumption of new plastic resin by up to 25,000 tons a year by 2022 by using recycled plastic.

SK Global Chemical to make 70% of products ‘green’ by 2025

SK Global Chemical, an affiliate of South Korean energy giant SK Innovation, said Monday that it would make 70 percent of its products green by 2025. Currently only 20 percent of its products are considered green, and the change is needed not only for the environment but also to ensure long-term survival, the company noted. In a recent online meeting with staff and executives, SKGC President and CEO Na Kyung-soo ...

Indonesia looks to domestic innovations to tackle COVID-19

Indonesia is striving to tackle the COVID-19 outbreak with domestically produced innovations, but researchers say the government may face roadblocks in the mass production of such products because of the absence of pro-innovation policies.

Mindanao's trademark abaca paper is now a face mask

Tests by the Department of Science and Technology (DOST) Region 10 show that the abaca fiber mask has a filtration rate 7 times better than cloth masks and has lower water absorption than N95 masks

Coronavirus: Ghana pushes for debt relief for vulnerable countries

Ghana has called for a collective and coordinated global response to assist vulnerable countries to address the “unprecedented effects” of Covid-19.

Locusts, Covid-19, bad weather: The anatomy of a food crisis

Millions of people could be “just one shock away from severe acute food insecurity”.

COVID-19 presents opportunity to boost African economies, says Elumelu

The Chairman, United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the coronavirus pandemic  presents an opportunity to reset the....

Africa’s energy potential can create opportunities amidst COVID-19

The AU Commission and IRENA say that the energy potential in Africa can turn the COVID-19 crisis into an opportunity for the continent and its population.

The impact of COVID-19 on Africa

Global solidarity with Africa is an imperative.

Need to know: Monday

The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.

Americans Are Rushing To Book Vacations In Re-Opened States

The uptick is also good news for the states, as taxes from these rentals can be a large revenue source for states

As malls reopen across the country, worries grow that consumers won't come back

Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.

NYC’s urban model faces existential crisis in post-pandemic world

Manhattan needs its people back. But do the people need Manhattan? COVID-19 may not be a pause, as Gov. Cuomo puts it, but a rupture — one that has vast implications for New York. For half a

No bad bank yet: Govt plans reforms in asset recast space

The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.

Why House of Representatives resolved to probe Chinese loans 

A Peep into the mindset of House of Representatives’ member, Hon. Ben Rollands Igbakpa offers an insight as to why the lower legislative chamber resolved

Coronavirus crisis: All that's bad about a 'Bad Bank'

The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better

Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao

Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o

CBD plan must rise above pandemic

Dunedin people are passionate about their central business district. So passionate, in fact, they struggle to agree on how to make it better. Years...

Central Equity, Failli family selling $200m of greenfield sites

The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.

Commercial real estate to move northwards in Tier 2 markets post Covid-19

Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.

Cities and the coronavirus

Economic revival strategies and welfare measures must keep the urban dynamics and complexities in mind

Covid Crisis: Need for Multi-Pronged Strategy by the State

The outbreak of covid-19 has exposed the country to challenges- economic, social and political- never thought of. On one hand it has led to plummeting demand while on the other hand has caused disruption in production and supply chains. It also serves as a lesson for any government in power in the

The big growth leap: Covid gives India the opportunity to get growth without massive investment

Covid gives India the opportunity to remove a 70-year incubus and get growth without having to invest massively.

At least 23 million migrants are returning to India’s villages. Can the rural economy keep up?

The country’s villages are already grappling with hidden unemployment.

Rural job crisis ‘deepens’

Unemployment rate increases to 25 per cent from 22 per cent

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

Dues to MSMEs at Rs 5 lakh cr: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari

The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.

Major industries, govt agencies owe about Rs 5 lakh cr in outstanding dues to MSMEs: Nitin Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days.

Tech revolution: Human touch will be irreplaceable in financial services

With the help of technology and greater access to content Indian financial markets are moving from a push market to a pull market.

Time to go digital: Important for SME sector in India to get a digital transformation

It is essential that SMEs consider rapid digitalisation to avoid loss of productivity or their competitive advantage.

BMO launches online resource hubs to help clients navigate COVID-19 impacts

BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.

Stock markets: Tips to control your fears in a volatile market

If you are still working and saving for the future, a downturn should not be a reason to panic. Rather, rebalance your portfolio, boost your savings and invest according to current market conditions

Major automakers see demand for personal vehicles going up

Automakers like Maruti Suzuki, Honda, Toyota and Tata Motors expect demand for personal vehicles to go up in the country as social distancing and fear associated with COVID-19 veer people away from public transport.

Forget panic buying, panic driving is next virus fad

The challenge of getting to work using the traditional means of public transport creates a dilemma.

BT Buzz: Bike rentals back in vogue as Vogo, Bounce regain 30% of pre-COVID business

To retain and sustain this demand, bike rental start-ups are emphasising on two things - one, change in business model, and the another, focus on sanitisation

Covid-pushed business spike sends fintech ClearTax on hiring spree

At a time when most business giants are stuck in firing dilemmas, India's fintech bellwether player ClearTax is getting busier on its hiring spree.

Rally likely in oil prices but upside may be capped on uncertain demand outlook

We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.

China's 'hermit' investors fill doubled oil storage with crude bet

SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.

MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero

A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

The Startup Trying To Take A Bite Out Of Fake News, Civics Illiteracy

These two founders have launched a company to help young readers develop good news habits, and help news companies reach them.

Education in a self-reliant India! Best teachers cannot always reach grassroots, digital content can

The proposed reforms could lead to a positive shift in the quality of education. Currently, even though we live in an era of online education, digital accessibility is an issue.

The advantages of earning your master’s degree abroad

If you are ready to take the plunge and earn your master's degree, you may be poring over catalogs and websites trying to determine which school makes the best choice. Many people automatically limit themselves to the U.S. when looking at graduate schools, but earning a degree from a foreign university offers many benefits both while earning your degree and after graduation. You are not limited by a program of study when you are considering studying abroad. You can find

The Future of College Is Online, and It’s Cheaper

The coronavirus forced a shift to virtual classes, but their continuation could be beneficial even after the pandemic ends.

OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20

Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.

L&T Rating: Buy — A modest showing in the final quarter

FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained

Fitch downgrades JSW Steel, Tata Steel to BB- from BB; outlook negative

The Indian Steel Association has forecast an 8 per cent drop in domestic demand in FY21

Hindustan Zinc Rating: Buy — A steady performance in the quarter

But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating

China's pork imports in April jump 170% to record high

BEIJING, May 25 (Reuters) - China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.China imported 1.35 million tonnes of pork in the first four months of this year, surging 170.4% from the same period a year ago, after a plunge in domestic production kept prices much higher than other markets.

UPDATE 1-China's pork imports in April jump 170% to record high

* African swine fever slashed China's pig herd* Chinese buyers stock up on cheap U.S. pork* Pork prices have fallen in China (Adds graphic, details)BEIJING, May 25 (Reuters) - China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

China's pork imports in April jump 170% to record high

BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

China's pork imports in April jump 170% to record high

China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

India may register recession in third quarter of this fiscal: Report

The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

Strong fiscal measures needed

Reserve Bank of India (RBI) Governor Shaktikanta Das has made the first official acknowledgement from a high authority of an expected contraction of the GDP this financial year. Though predictions have been made of varying percentages of shrinkage of the GDP and even of zero growth, it is the first time that a negative growth has been forecast. The RBI governor did not give an estimate of it but noted that there is growing uncertainty in the economy and "an encircling gloom’’. He saw a likely rise of 3.7% in agricultural production as the only bright prospect.

Debt of consumer discretionary firms faces a downgrade

Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.

Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy 

RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.

CBIC clears Rs 11,052 crore GST refund claims since April 8

The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 cr GST refund claims since April 8

Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 crore GST refund claims since April 8

In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

Coir, coir product exports weather Covid disruptions

India’s coir and coir product exports seem to have weathered the Covid-19 crisis, even as several other sectors have taken a hit in the global markets.“Coir and coir products could fetch an export r

60 days, 56-fold growth: India now second largest PPE manufacturer

According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.

As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India?

It’s an increasingly viable option for companies anxious about sourcing from China.

New rules of personal finance: How COVID has changed income, spending, saving, investing

In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.

Will The Pandemic Mean Less Age Discrimination For Boomers?

An anonymous reader quotes Psychology Today's "Boomer's 3.0" blog: More and more companies, especially those in the tech sector, are wisely concluding that the physical infrastructure constructed to put employees together in a building is largely inefficient if not unnecessary. Beyond the potential...

Lockdown made us rethink how we value productivity – so let's make the most of it

Over lockdown, school, home and the office all merged into one place, affecting how we worked and when. The NZIER public good team explains why we need to rethink how we measure productivity. How productive was your lockdown?  Now we’re in level two, it’s the perfect time to pause and reflect

Melon-aires not required as Japan premium fruit prices plunge

TOKYO, May 25 — A pair of premium Japanese melons sold today for just a slice of the ¥5 million (RM200,720) reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at ¥120,000 at the season’s first auction — 40...

Melon-aires not required as Japan premium fruit prices plunge

A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.

Prices of Japanese premium melons plunge amid coronavirus outbreak

A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...

Covid wake-up call: Health infrastructure only 1 per cent of Smart City projects

These 69 projects, located in 55 of the 100 smart cities being developed, will cost an estimated Rs 2112.06 crore — about 1 per cent of the total Mission investment of Rs 205,018 crore.

People impact of Lagos State budget review

At the outset of the current fiscal year, the State House of Assembly approved a N1.168-trillion worth budget meant to impact lives and enhance the standard of living of Lagosians.

Reverse migration can spur housing demand in tier 2 and 3 cities post COVID-19: ANAROCK report

One significant trend may be reverse migration spurring housing demand in Tier 2 & 3 cities, says the ANAROCK report.

Safaricom retains top position as the most valuable firm in the region

It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.

Safaricom retains top position as East Africa's most valuable firm

Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out

Zamzam Bank of Ethiopia sold over $18 million shares

The report published on the state daily, Ethiopian Herald, by the regulatory body of financial sector of Ethiopia, National bank of Ethiopia, shows that the total number of people and companies who bought over one million birr (about $29,411) share are 294. The 294 subscribers have paid a total of 289,698,000 birr (about $8.52 million). The National Bank of Ethiopia has made the announcement on the paper listing the names and share values of the individuals and companies to give an opportunity for the who may have concerns or objections. The value of one share of Zamzam Bank Share Company is 1,000 birr (about $29.4).

BMW F 900 R & BMW F 900 XR Official TVC Out

Launched last week, the BMW F 900 and BMW F 900 XR are available in India for Rs 9.90 lakh and Rs 10.50 lakh, respectively

Bajaj CT 100 BS6 and Bajaj Platina 100 BS6 are among the Affordable Bikes in the Indian Market -

Due to the lockdown people didn’t buy the bikes last month, but if you are thinking of buying a new

Suzuki has launched the 2020 GSX-R125 in Japan

Suzuki GSX-R125 has been launched in Japan at a price of 393,800 yen which is roughly Rs 2.77 lakh.

Club Travel Corporate appoints Kananelo Makhetha and Nazeema Beilings as directors

CAPE TOWN – Club Travel Corporate, a division of the Thebe Tourism Group and Travelstart Group of companies, announce the appointment of Kananelo Makhetha and Nazeema Beilings as company directors. Brett Hendricks, General Manager of Thebe Tourism Group said, “Bringing Kananelo and Nazeema onto the board is testament to the value they have brought to the business since joining it. Their strengths, skill set and strong values will contribute to the growth and success of the business going forward and I

Roberto Cavalli Company Responds to Unions

The company's strategic plan is to continue to pursue "a mainly commercial vocation" claimed to fit with a move to Milan.

RSM, BDO staff return to the office amid strong demand

The mid-tier accounting firms say despite the downturn, clients are increasingly seeking advice, including on how to access stimulus packages.

HomeCapital gets fresh funding from Varanium NexGen, others

Startup helps homebuyers with a down payment assistance programme

DPIIT to seek nod for startup credit scheme, seed fund

Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.

Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs

Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop

Retail investors throng capital markets during lockdown period, says Reliance Securities CEO

While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc

Suncor - Immediate Action Will Mean Stronger Returns

Suncor Energy is an incredibly well positioned Canadian oil major. The company's FFO / share is better than most oil majors. The company's financial health is q

Four ways to create more diversified and resilient portfolios

Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19

2020 Toyota Fortuner vs Mitsubishi Pajero Sport - off-road comparison

4WDers are a bit spoiled for choice these days. Along with traditional big 4WD wagons and huge array of 4WD utes available, buyers can also look at a segment in between: 4WD wagons, based on the utes.

Dearly departed: 9 big sedans that simply couldn't survive South Africa

After a mere two years, the Volkswagen Arteon has been discontinued in South Africa. We look at other big sedans that failed to survive here...

Is The 2021 Toyota Venza Closer To The RAV4 Or Highlander?

Automakers that want a two-row midsize crossover in their lineup have a pretty simple recipe to follow: Tak...

US farmers worried as crop prices dip

Market disruptions have been caused by the Covid-19 pandemic.

'It's kind of glum': US farmers worry as crop prices dip

Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.

'It's kind of glum': U.S. farmers worry as crop prices dip

American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic

Home Bargains, B&M and B&Q's opening times today

Full opening hours for the second bank holiday in May 2020

Co-op, Aldi, Tesco and M&S opening times for bank holiday Monday

Out of milk? No problem.

What's Open And Closed On Memorial Day 2020

Monday is Memorial Day. While all the days might be blurring together right now, the day is a federal holiday, which means some places might not be open that typically have been recently....

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19

Calin Rovinescu was on track to receive around $12.9 million in total compensation last year

Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Increased support payments for newly jobless people

The newly jobless due to the Covid-19 crisis will be able to get $490 a week tax-free for 12 weeks. The Government this morning announced the $570...

Rich, but household debt is growing: A time bomb for South Korea?

South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...

Will Social Security Beneficiaries Qualify for a Second Stimulus Check?

Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?

Library users turn to Australian authors as digital usage jumps

The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.

Library users turn to Australian authors as digital usage jumps

The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.

Library users turn to Australian authors as digital usage jumps

The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.

Virgin Media to offer free TV ads for SMEs under €1m support scheme

Broadband and pay-TV operator to showcase how businesses are responding to pandemic

Federal government launches hotline to offer businesses advice amid COVID-19 pandemic

The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.

Day-to-day banking proving to be a struggle for some isolating seniors

When banks temporarily closed hundreds of branches in response to COVID-19, many seniors found themselves unable to pay bills, withdraw cash for groceries and manage their account balances

Who Wins In Recessions? The Rich And The Lucky

While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore

Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP

Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.

Reliance launches JioMart online grocery service, challenging Amazon and Flipkart

Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.

Watch out Amazon, Flipkart: Reliance's JioMart launches online grocery service across India

3 Ways JD.com Is Beating Amazon

The Chinese e-commerce company may be smaller, but it has some advantages over its American counterpart.

Slideshow | Reliance Securities bets on these 5 stocks for 11-68% returns

Reliance Securities bet on Bharti Airtel, Granules India, Aurobindo Pharma, Escorts and Alembic Pharma with an upside of 11-68 percent.

Crude Oil Futures: Upside seen limited

CME Group’s flash data for crude oil futures markets noted open interest extended the downtrend on Friday by nearly 3.3K contracts while volume went d

Gujarat Pipavav Port (₹63.1): Buy

The stock of Gujarat Pipavav Port has been in a short-term uptrend since it took support, recording a 52-week low at ₹45.5 in late March this year. On Friday, the stock rallied 3.6 per cent with above

Masiyiwa brings smiles to rural village, completes 100kw solar power project

PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district.

Masiyiwa brings smiles to Ndolwane, completes 100kw solar power project 

PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district. Ndolwane is situated  in the country’s south western province of Matabeleland South. Mr Masiyiwa broke the news on his Facebook blog. He wrote: “There is a place in rural Zimbabwe called Ndolwane. It is in a part of the country known as Matabeleland.We chose it as the first site of our ‘Re-Imagine Rural Ugesi Minigrids’. “We built a 100KW solar power plant at its small business center. It now provides power to 70 small businesses, residents and other activities. Some are using the power to irrigate market gardens to sell vegetables.

Pan-African businessman completes 100kW solar mini-grid in Zimbabwe

Philanthropist Strive Masiyiwa has completed a 100kW solar power project at Ndolwane in Bulilima district, through his ‘Re-Imagine Rural’ initiative.

Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets

Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets

How coronavirus might hit EU defence spending

Among the casualties of coronavirus - worldwide and in the EU - is the defence sector. However, the Covid-19 pandemic has not made the world a less dangerous place and there is no alternative to having a functioning defence system.

Trade deal with Europe seems a long way off

The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.

Buy VST Industries; target of Rs 4000: ICICI Direct

ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.

Buy Essel Propack; target of Rs 200: Motilal Oswal

Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.

Buy Colgate ; target of Rs 1520: Motilal Oswal

Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.

If you invested R100 in these companies on 1 January 2020, here is how much you would have today

Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.

Big Hit acquires Pledis in push for expansion

Big Hit Entertainment has become the biggest shareholder of its smaller rival Pledis Entertainment, the company said Monday. The acquisition is the latest in a series of moves to expand Big Hit’s presence in the burgeoning K-pop industry. Last year alone, the firm acquired Source Music, the music label for girl band GFriend, and game music company Superb. With the addition of Pledis, the firm now boasts an ...

The one thing these great ICT companies have in common

There is one thing top South African IT and telecommunications companies have in common.

Can former Disney executive Kevin Mayer transform TikTok?

American prepares to steer Chinese sensation through US turbulence

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

Groupe Arnault Takes Stake in Lagardère

The media company, focused on books and travel retail, had been fending off an activist investor.

UK may remove Huawei from its 5G infrastructure by 2023

Earlier this year, we had reported on the UK government allowing Huawei to work on bringing 5G networking to the country, albeit in a limited capacity and non-core areas. But now, it seems like the government is working towards phasing out the Chinese tech giant’s equipment by 2023, as conservative members have pressured the UK …

Huawei: What would happen if the UK ditched the Chinese firm?

Officials are taking another look into Huawei, but the Chinese firm warns against a 5G ban.

Liberia to Strengthen Health Services, Expand the New Redemption Hospital in Caldwell as US$54M World Bank Credit Approved

Washington – The World Bank Board of Executive Directors has approved a US$54 million International Development Association (IDA) credit to improve health service delivery to women, children, and adolescents in Liberia. According to a release from Washington D.C., the Institutional Foundations to Improve Services for Health (IFISH) project will support the expansion and operationalization of the new Redemption […]

Funding the private hospitals

Sir, – The nationalisation of our private hospitals to increase capacity in the midst of a pandemic was a bold and well-intentioned initiative.

'I suppose I overpaid': West End seller

The owner of a penthouse apartment in Brisbane's West End reckons he lost money on his sale. The agent reckons he was lucky to get what he did.

How to find out when your home will be worth £1million

Zoopla has a calculator which will tell you which year your property's value will hit the million pound mark

Ports 1961, Safilo Sign Eyewear Pact for China

The 10-year licensing agreement will be limited to the Chinese market.

The artisans behind Italian fashion tremble at their future

Until recently, some of most intricately embroidered fabrics in the world, like those found in garments designed by Giorgio Armani, Valentino, Etro and Prada, have come out of a duplex apartment complex in Milan, the home of a small business called Pino Grasso Ricami.

KKR becomes Jio Platform's fifth investor in five weeks | ZDNet

Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.

Reliance starts trials of JioMart shopping portal across India

The JioMart shopping app is available via Facebook Inc’s WhatsApp, which in India has about 400 million users.

UAVenture Capital spins off FreeFall Aerospace to form FreeFall 5G

UAVenture Capital (UAVC), the Tucson-based firm that invests exclusively in University of Arizona science and technology, and DVI Equity Partners, the technology investment arm of Tucson's Diamond Ventures, has announced that two of their portfolio companies, FreeFall Aerospace and ED2, have come together to create a new company called FreeFall 5G to capitalize on the explosive growth of the 5G market.

Lendlease helps form digital twin consortium

Digital chief Bill Ruh appointed chair.

Record-high data transmission using a soliton crystal

Australian and Canadian researchers led by Prof David J. Moss at Swinburne University of Technology and honorary professor at the Institut National de la Recherche Scientifique (INRS) was able to achieve world record-high data transmission over 75 km of standard optical fibre using a powerful class of micro-comb called soliton crystals.

Scientists set new record for data transmission over 75 km of optical fibre

Telecommunication networks use many different frequencies, or colours, to transfer as much information as possible, the researchers said

Bloodied Mayfair tries recruiting investors against ASIC

The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".

Segalink moves to help investors recover their debt from Wale Jana

Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he

Paper cone, tube manufacturers in dire straits

The paper cone and tube manufacturing sector has been in trouble since the end of 2019.KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and fallin

Govt asks RBI to remove sugar from negative list as virus hits consumption

Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears

With these tools, you can have productive meetings just like these Fortune 500 CEOs 

If you want to take your organization's meetings to the next level, listen to these Fortune 500 CEO's.

Clubhouse: Silicon Valley Perks Up Its Ears for Buzzy Audio Chat Startup

It’s a secret, almost. But Silicon Valley is buzzing over a new audio-chat social network which is struggling to keep … Clubhouse: Silicon Valley Perks Up Its Ears for Buzzy Audio Chat Startup Read More »

Wireline home internet download traffic jumps by 48.7 percent amid pandemic: study

Wireline home internet traffic has increased by as much at 48.7 percent in terms of download traffic and 69.2 percent for upload amid the COVID-19 pandemic.

Federal government plans to accelerate investments in high-speed internet for remote parts of Canada

Ottawa to launch website that will track broadband infrastructure projects through various stages of progress

Book sales soar as French lockdown eases

Even so, overall, sales were 60 percent down compared the corresponding period in 2019.

Book sales soar as French Covid-19 lockdown eases

PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...

Chinese tech giant criticises US for 'politicising business'

The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.

Chinese Tech Giant Criticizes US for 'Politicizing Business'

One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent

Squirky-bum-time for Zim dollar

LONG suffering Zimbabweans will have to dig deeper into their pockets to survive, after prices of basic goods went up sharply again at the weekend – on the back of the collapsing Zim dollar.

COVID-19: neoliberalism is not going down without a fight

The fight that lies ahead may be the toughest one yet, as the beast is most dangerous when mortally wounded. To our advantage however, the cards have already been laid out on the table. Español

Strategies To Hire The Right Person—Virtually

Virtual hiring is here to stay. Here’s how to make it work for you.

New Data61 boss says businesses can turn COVID-19 to their advantage

The new boss at CSIRO's data science organisation says companies that keep investing smartly in R&D will emerge from COVID-19 stronger than more timid rivals.

Boneless chicken rate hits all-time high in Hyderabad

Amid lockdown, boneless chicken prices have shot up to all-time high at Rs 500 a kg at several chicken centres in the city.

Grocery prices start to soar

Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.

Hard times for Boeing, long a symbol of American might

New York, United States | AFP | Faced with the calamitous fallout from the coronavirus on airline customers and the broader economy, Boeing found itself in an unfamiliar and uncomfortable position in March. The company, a longtime symbol of American industrial power, was unable to raise the funds to finance its business. Since that low point …

Hard times for Boeing, long a symbol of American might

Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.

Big Pharma rejected vaccine prep efforts, watchdogs say

NGOs say industry’s rejection of a Commission-funded effort to speed vaccine approvals represents broader problems with the Innovative Medicines Initiative.

Kiwi start-up gets funding to develop COVID-19 vaccine

Kiwi start-up gets Government funding to develop COVID-19 vaccine

Closed Co Kildare golf club now up for rent as possible 'corporate HQ'

The closed Dunmurry Springs Golf Club near Kildare town has come on the rental market and is being advertised as a potential ‘corporate HQ’ for a business. The ex-sports facility, which fe...

Player Wills site: Hines and APG to seek permission for 416 homes

Fast-track planning application will be made to An Bord Pleanala in the first phase of redevelopment at the seven-acre site

Most Ukrainian grain crops in good state - forecasters

KIEV, May 25 (Reuters) - Recent rains have improved the condition of grain crops in almost all Ukrainian regions and most of them are in a good or satisfactory state, Ukrainian weather forecasters said on Monday.Forecasters said in a weekly report that only southern and some areas in central Ukraine still suffered from the lack of moisture in soil.

Ukraine new crop wheat prices rise amid fears of smaller harvest

KIEV, May 25 (Reuters) - Ukrainian export prices for 2020 wheat harvest have climbed, buoyed by fears over the crop's condition in the Black Sea region and Europe, the APK-Inform consultancy said on Monday.The new crop 12.5% protein wheat bid price rose by as much as $6 per tonne in the past week to $197-201 per tonne FOB Black Sea with delivery in July-August, the consultancy said in a report.Feed wheat prices rose by $5-6 to $185-188 per tonne, it added.

AC-Transat deal scrutinized

European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...

ArchDaily x LifeCycles: Stream the Panel Discussions Live

Three days of live-streamed panel discussions featuring architects all around the world.

ArchDaily x LifeCycles: Stream the Panel Discussions Live

Three days of live-streamed panel discussions featuring architects all around the world.

Ministry discloses updated Egyptian petrochemicals plan 2020-2035

The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.

Algeria announces 4GW plan to grow solar capacity ten-fold by 2025

Algeria plans to grow its solar generation almost ten-fold to support increasing domestic demand while boosting its position as an energy exporter.

Farmers use technology to boost sales

SCORES of farmers in Clarendon have been using locally developed technology platform

Pig farmers adopting new technology to increase productivity

Kampala, Uganda | THE INDEPENDENT | A new generation of Ugandan livestock scientists have developed software for improving the productivity of pig farmers. The new technology known as the ‘Livestock Feed Calculator’ has been developed in the form of a mobile phone application which is used to monitor the growth of the animals and appropriately guide …

EU must present united front to shield pandemic-hit banks: regulator

EU must present united front to shield pandemic-hit banks: regulator

Some euro zone central banks need to do more, others less: ECB's Villeroy

Some euro zone central banks need to do more, others less: ECB's Villeroy

Boost for zero-emission sources as global capital backs Indian solar power

The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent

Renewable electricity suppliers gaining ground

Generating capacity of independent producers is just about equal to that of an Eskom power station.

Pachinko upgrades to boost NAND flash demand

Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.

Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines

The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.

Rock-bottom interest rates may be here to stay

Once the labour market begins to recover, the Federal Reserve’s experience in the pre-pandemic, record-long economic expansion is likely to influence when its raises rates

Stock Market Boost: Unemployment Outlook Shifts To Positive

The unemployment trend, no longer rising, now looks ready to decline

Regional lockdowns frustrate Zimplow exports

AGRO-industrial concern, Zimplow Holdings Limited, says its export business suffered a 64 percent decline in the first quarter of the year as governments across the region implemented measures to combat the spread of Covid-19. The novel global Covid-19 pandemic, which was first detected in China towards the end of last year, is a deadly infectious disease that has spread across continents killing thousands of people from more than four million infections recorded so far. As part of a host of measures to stop the spread of the pandemic as prescribed by the World Health Organisation, governments the world over have embarked on national lockdowns. In its trading update for the quarter ended March 31, 2020, Zimplow said its export business has not been spared from the negative “The export business experienced a 64 percent drop compared to prior year as a result of measures taken by regional governments to manage the spread of the novel coronavirus (Covid-19).

Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand

Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.

Salary (CTC) calculation: Earning Rs 40,000 or Rs 30,000 as DA+Basic? You may get this extra amount

Salary (CTC) calculation: Under CTC model, if the monthly EPF wages of an employee is Rs 10,000, then he/she will get Rs 200 more directly from the employer as the share of the employer's contribution to EPF/EPS will be reduced and Rs 200 less will be deducted from his/her wages

Money Changers Shift To One Money, ZIPIT As RBZ Enforces Restrictions On EcoCash

MUTARE – Foreign currency dealers in this eastern border city have switched to the use of the One Money mobile money platform to buy hard currency from individuals as the Reserve Bank of Zimbabwe (RBZ) piles more pressure on the more popular EcoCash.

With The New ZWL $10 Banknote Worth Just US$0.25, Is RBZ Serious?

With the Reserve Bank of Zimbabwe (RBZ) coming through with its promise to issue higher denominated banknotes, this raises questions on how serious the

Acleda Bank lists on KRX-invested Cambodian stock exchange

Acleda Bank, the biggest commercial bank in Cambodia, said Monday it was listed on the Cambodia Securities Exchange in which the Korea Exchange (KRX) has invested. The Cambodian bank had assets of $6.18 billion as of the end of last year. Its market capitalization marked $1.75 billion -- nearly three times that of five listed firms in the country. Since the large-cap stock went public, the lackluster Cambodian stoc...

Cambodia bourse sees first bank listing

PHNOM PENH, May 25 — Cambodia’s largest commercial bank listed on the country’s stock market today, the first lender to trade on the fledgling exchange, despite uncertainty caused by the coronavirus pandemic. Acleda Bank became the sixth firm to join the Cambodia Securities Exchange (CSX),...

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Covid-19 pandemic: Fall in household spending could reduce tax revenue by 20%

Three different scenarios were analysed, going from best to worst.

Report warns of major tax shortfall due to drop in household spending

The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...

Would Modi government move towards direct cash transfers?

Merging state and central income support schemes will make Rs 5 lakh crore available to extend basic income to poor households; this will also stop leakages.

Time has come to merge income support schemes with MGNREGA

The legal framework of the MGNREGA scheme does allow this on farms owned by people of SC/ST communities, and on the lands of marginal farmers.

Need to convert development into mass movement: NITI Aayog's Rajiv Kumar

There is a need to convert development into mass movement, and India should aspire to become second or third largest economy in the world by 2047, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.

NITI Aayog Vice Chairman suggests 7-point development model

NITI Aayog Vice Chairman suggests 7-point development model: Niti Aayog Vice Chairman Rajiv Kumar has presented a seven-point model for India's development. During the Facebook Live Dialogue .... Get all latest entertainment & viral stories on english.lokmat.com

Woodside, Cheung Kong pitch for green hydrogen funds

Hydrogen production ventures seeking government funding are expected to cost easily more than double the stretch target of $2 a kilogram in the federal government's technology road map.

[Graphic News] S. Korea unveils draft plan to foster renewable energy

　South Korea announced a long-term plan to spur a shift toward renewable power sources away from fossil fuels and nuclear energy. 　The draft plan for the nation’s ninth basic energy policy for the years 2020-2034 calls for raising the share of renewable energy out of its electricity generation to 40 percent by 2034 from the current 15.1 percent. 　Power plants fired by liquefied natural gas (LNG) will take ...

Can Ottawa dodge the postpandemic money trap?

The idea that Ottawa might take on a specific, permanent responsibility for funding long-term care would mean permanent increases in spending

The Climate Case for the Four-Day Work Week

Jacinda Ardern has won a lot of rightful praise for New Zealand’s handling of the coronavirus pandemic. The nation has stood as an outlier with cases that have stayed low, and the country is beginning to reopen in what it hopes is a safe way. So maybe we should also be paying attention to what their ideas are for a recovery plan.

Cape Town based online retailer gets R100 million investment

Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.

Fandom appoints Zirca Digital Solutions as a media partner for the Indian market

Zirca will work toward maximising Fandom’s advertising revenue potential, build the brand’s presence, as well as expand its pool of demand partners

4 More Oil Stocks That Could Go Bankrupt in 2020

These oil companies are on a slippery slope.

A Contrarian View On JetBlue

JBLU has been more than cut in half from its 2020 highs. However, any recovery looks to be quite slow. And the valuation is pricing in a lot of earnings that ar

China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19

China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.

Chinese e-commerce giant Alibaba’s shares drop; revenue estimates weighing on Jack Ma’s firm

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Virgin Media Ireland announce €1 Million fund to help businesses nationwide

Virgin Media has today launched a  €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.

Is Email the Future of Journalism?

With the industry in free fall, new models are emerging.

Pharma emerges as most preferred sector among MFs

Earnings downgrade in the sector is likely to be the lowest among all sectors.

Colgate Palmolive rating: Hold – Covid-19 cast shadow on volumes in Q4

Market share gains, needed for a re-rating, may take time; ‘Hold’ maintained with target price of Rs 1,340

Solving the space junk problem

Aging satellites and space debris crowd low-Earth orbit, and launching new satellites adds to the collision risk. The most effective way to solve the space junk problem, according to a new study in the Proceedings of the National Academy of Sciences, is not to capture debris or deorbit old satellites: it's an international agreement to charge operators 'orbital-use fees' for every satellite put into orbit.

Solving the space junk problem

Currently, an estimated 20,000 objects—including satellites and space debris—are crowding low-Earth orbit

Qatar pushing ahead with LNG expansion despite demand slump

The move should help the small Gulf state regain the title of the world’s top LNG producer from Australia at a time when other projects have been thrown into doubt by the pandemic.

Global oil demand is not heading for a permanent decline

Videoconferencing will not solve our energy and climate challenges, says IEA chief

Kia planning a tiny, affordable, short-range electric car

Kia's Europe boss says the car will be a response to people's increasing avoidance of public transport.

Kia's Cheapest Model Will Be An Electric City Car

Kia's getting ready for a full-electric onslaught, with 11 fully electric models on the market by 2025, and...

CUNY teachers face ax as $115M in coronavirus budget cuts loom

City University colleges are rolling out plans to slash their adjunct teaching staffs as the system faces a nearly $150 million cut in aid thanks to the coronavirus budget crises at City Hall and in

Top-earning public officials should cut their pay amid NY’s fiscal crisis

New York’s top officials have talked a lot about “shared sacrifice” in recent weeks. How about leading by example? Common Cause New York suggests state legislators forgo half their pay since

Fees, government securities lift KCB’s earnings

It recorded improved performance of its regional subsidiaries.

Brazil turns to multilateral lenders in coronavirus crisis

BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.

Westpac's lagging view of credit risk 'challenging'

Controversial review of Westpac systems found its inability to generate timely and granular commercial property risk data a particular problem.

Almonty Shares Begin Trading on Xetra in Germany

TORONTO — Almonty Industries Inc. (TSX:AII) (“Almonty”) announces the start of trading of Almonty shares on Xetra, the electronic trading system of Deutsche Börse AG in Germany (WKN: A1JSSD, ISIN: CA0203981034, Ticker-Symbol: 1MR).

WSSCC Names New Executive Director

GENEVA, May 25, 2020 /PRNewswire/ -- The Water Supply and Sanitation Collaborative Council (WSSCC) and UNOPS announce the appointment of Mr Domini...

Empowered Groups have joined hands with government against Covid

Civil society, and voluntary and non-government organisations constitute the backbone of the collective articulation of citizen interest in a democracy. As facilitators, mediators, and advocators of this interest, they have put people before everything else during this crisis.

Lion to bring 'healthy alcohol' to Australia

White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.

Cult favourite US hard seltzer brand White Claw is coming to Australia, following a licensing deal with Lion

Get ready: cult favourite seltzer brand White Claw is coming to Australia.

Tim Wilson wants fresh inquiry into Hostplus conflicts

The federal MP has asked regulators to investigate 'vertical integration' in the industry superannuation sector.

Labor senator calls for ASIC investigation into Rex

Tony Sheldon says the company's "failure to inform the ASX ... flies in the face of Australian corporate standards".

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

TSX starts week higher

Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors.

Tech and property upgrades on the way for Victorian kinders to support three-year-old roll out

Kinders throughout Victoria have been invited to apply for grants for facility upgrades and the purchase of new technology to prepare them for the roll-out of funded universal Three-Year-Old Kindergarten, the Victorian Government announced late last week.

Have your say on Hepburn Shire's proposed budget

Hepburn Shire Council's proposed budget for 2020-2021 is currently being exhibited for public feedback. The budget will deliver $12.12 million in capital work...

Coronarvirus intermission? More than 80% of film audience miss theatres

That and more is what 'Back to the Theatre', consulting firm Ormax Media's report on the 'Expected theatre-going behaviour in India post Covid-19,' states

Coronavirus impact: Will video on demand replace theatres?

The last one week has seen a heightened row between multiplex owners and film producers in India, when the latter decided to release their upcoming releases on VOD platforms

Govt procures 110 lakh metric tonnes of wheat

Due to global pandemic Corona, this time the Government had to implement lockdown, but the hard work and the spirit of the farmers of the State was the highest this time. This is the reason that this time in the history of Madhya Pradesh, the highest number of wheat purchases was recorded. In

32 lakh quintals of cotton remains unsold in Maharashtra and Gujarat

While kapas is an agriculture commodity, most district collectors had not allowed the opening of wholesale markets.

Renault could disappear without a bail out – report

The French brand's 122-year history could be at stake according to a key decision maker.

COVID-19: Is this the end of the road for Renault?

Pandemic puts the French brand's 122-year history at stake...

NGOs being starved of funds

Almost all big donations are now being diverted to the PM CARES Fund, as it provides 100% tax exemption and companies’ contributions to the Fund qualify as CSR

Norwegian 5G auction winners include Funn and GlobalConnect as well as main 3 players

Norwegian communications regulator Nkom has announced the result of the auction that began on 06 May of 4,739 MHz of 5G spectrum. The frequencies were divided into 65 blocks in eight bands, namely low 10 GHz, high 10 GHz, 13 GHz, 18 GHz, 23 GHz, 28 GHz, 32 GHz and 38 GHz. The auction ran for 118 rounds and spectrum was awarded to the existing mobile operators Telenor, Telia and Ice, as well as the newcomers GlobalConnect/Broadnet and Funn, for a total of more than NOK 34 million. Acting spectrum division director Espen Slette said the variety of successful bidders will be beneficial in terms of competitiveness, expansion and resilience.

VisitEngland announces launch of virtual English Tourism Week

VisitEngland has announced that this year’s English Tourism Week to highlight the economic importance and value of tourism to local economies across England is going virtual. English Tourism Week is an annual celebration of the tourism industry, a week dedicated to showcasing England’s tourism offer. For this year’s event, being held from 25-31 May, VisitEngland and local destinations are asking MPs, local authorities, the UK Government and other stakeholders to shine the spotlight on the importance of tourism to the local,

Huawei obtains world's first CC EAL4+ security certificate for 5G products

Madrid-- Huawei, the global leading provider of ICT technologies, has won the world’s first Common Criteria Evaluation Assurance Level 4+ certificate for 5G products. This certificate indicates the security of Huawei 5G base station products reaches the world-leading level and can provide trusted security assurance for 5G wireless access.  CCN (Centro Criptologico National), a Spain certification authority, officially issued the certificate to Huawei 5900 Series 5G gNodeB software on May 20. The evaluation has been conducted in accordance with the provisions of the Spanish IT Security Evaluation and Certification Scheme, and the conclusions of the evaluation facility in the evaluation technical report are consistent with the evidence adduced, according to CCN.  CC certification is a widely recognized security certification in the world. There are seven levels. For EAL4+ or higher level, the source code needs to be tested and certified. EAL4 is “the highest level at which it is likely to be economically feasible…

New Balance's MTL575 Made in UK Is a Bold Nod to Harajuku

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