Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year

This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.

Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio

Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.

Can General Electric Survive The COVID-19 Recession

General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...

3 China-Proof Stocks To Consider As Trade Tensions Reignite

Stocks Analysis by Investing.com (Jesse Cohen/Investing.com) covering: S&P 500, Electronic Arts Inc, Facebook Inc, Square Inc. Read Investing.com (Jesse Cohen/Investing.com)'s latest article on Invest

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

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

OIGARA: KCB Group remains resilient even in the face of a difficult period

The crisis will perhaps accelerate investments in digital channels.

It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing

It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing

Micron raises third-quarter revenue forecast

Micron raises third-quarter revenue forecast

First Mutual Life records investment loss

FIRST Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange. In a statement accompanying financial results for the period under review, the group indicated that its total assets also declined by two percent compared to December 31, 2018. “The group had an investment loss of $392,8 million for the period under review compared to investment income of $207 million in 2018. “The loss was driven by decline in value on ZSE (Zimbabwe Stock Exchange) listed equities as the market index grew at a slower rate than inflation,” said the group. It attributed the decline in total assets to the loss of value on listed equities, the Zimbabwe dollar denominated bank balances and accounts receivables.

RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects

RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects

Materials And Energy Dashboard - Update

Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.

National Bank reports Q2 net income of $379 million, beats analyst expectations

National Bank of Canada's net income plunged 32 per cent in its second quarter as it put aside five times the provisions for credit losses than it did a year ago due to the economic storm triggered by the COVID-19 pandemic.

UBS: Consumers ready to spend, borrow

Via the excellent George Tharenou:

OFS Capital: Vote No

OFS Capital Corp. is a Business Development Company that provides capital solutions to U.S.-based middle-market companies. BDCs rely on leverage to “juice up” r

Top Stock Reports for Alphabet, Visa & Bank of America

Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).

Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now

This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of

China’s Meal Delivery Service Meituan Now Valued At $100B

Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.

Latest rate cut is adding to record corporate bond sales

Policy steps to channel more funds to smaller borrowers have struggled to gain traction.

Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript

Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C

Vertex Energy's Transformation Continues

Vertex Energy began migrating its end-products toward higher-margin markets in 2018 - higher-purity base oils and IMO 2020-compliant marine fuel. The company re

Riskier European companies draw €32bn from bank credit lines

Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities

China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript

Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J

Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share

The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.

Titan dips 2% as Co gives biz update, defers launch of jewellery collection

Titan expects cash outflow to be recovered when sale of jewellery restarts

Favourable Mix And Input Deflation Bolster Michelin Until An Aftermarket Recovery

Automotive is a rough industry in the COVID-19 environment due to its cyclical nature and ability for customers to defer auto purchases. However, tire sales mig

PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt

With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown,  Inox stock has lost 17.77% and PVR share price is down 39.20%

Infineon raises €1bn

Infineon has sold 55 million new shares at €19.30 a share to raise €1.06 billion.

Construction at lowest level since 2010

While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.

Kentik raises $23.5M for its network intelligence platform

Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]

SI semi forecast is -6% in 2020; +10-15% in 2021

1Q 2020 revenue versus 4Q 2019 was mixed for major semiconductor companies, ranging from a 19% decline for ST  to 9.9% growth from Kioxia (previously Toshiba Semiconductor), reports Bill Jewell’s Semiconductor Intelligence.

Reliance’s $7 billion rights rings in new trading venue in India

Reliances rights entitlement began trading on May 20 at 151.15 rupees.

Galiano Gold: Digging Into The Q1 Results

Galiano Gold reported its Q1 results earlier this month, reporting quarterly gold production at its Asanko Mine JV of 66,300 ounces. While all-in sustaining cos

Datatec reports strong results, says it’s bucking virus crisis

JSE-listed international technology group Datatec has reported strong full-year results for the year ended February 2020, though the good performance happened before the impact of the Covid-19 pandemic.

LAIX, Inc. (LAIX) CEO Yi Wang on Q1 2020 Results - Earnings Call Transcript

LAIX, Inc. (NYSE:LAIX) Q1 2020 Earnings Conference Call May 26, 2020, 21:00 ET Company Participants Chuhan Wang - Head, IR Yi Wang - Chairman & CEO Bing Sun

Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta

‘Telecom is one industry which is able to maintain its present earnings power

BMO profits slide

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

RBC profit falls 54 per cent

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

[Market Close-up] S. Korean stock market recovers faster than its global peers

Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...

Britvic defers dividend as Covid-19 impacts business

Revenue declines as pandemic restrictions impacts on-the-go sales

Chinese Apparel Market To See $60Bil Contraction

15% of the market wiped off due to COVID-19 with little "revenge-spending", according to Oliver Wyman survey.

Microsoft: Entering Another Lost Decade

Microsoft rallied after solid FQ3 results. The company pulled forward revenues with less-than-impressive results forecast for FQ4. The stock is set up for anoth

Occidental Petroleum - Africa Asset Sales Collapse, What's Next?

Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr

Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020

The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.

Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020

The total value of mining deals declined by $3.4bn to $22.8bn in Q1 2020, a second consecutive decline. A series...Read More...

Harvest Health: Licking Its Wounds

Focus on core markets. Cost-cutting and liquidity. Disappointing growth prospects.

Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought

Opportunity is knocking for investors with a long-term mindset.

Buy Carrier Global As Potential Asset Sales Will Reduce Debt

Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl

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

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

Intel Remains A Blue-Chip Stock to Buy Post-Pandemic

Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.

Nexstar Media Group Is A Buy

I think the shares of Nexstar Media Group are trading at a significant discount, given the sustainability of the dividend. With apologies to Taleb, I think this

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

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

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

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

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

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

5 Dividend Kings to Buy and Hold Forever

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

Is Levi's Stock a Buy?

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

Woolworths scraps dividend, reviews Australasian real estate assets

As Covid-19 pandemic impact weighs.

Advent Partners hones in on GP software biz

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

3 Stocks to Buy After You Take Profits on Wayfair Stock

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

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

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

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

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

Peloton Stock Is Only a Buy On the Next Pullback

PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.

2 Reasons Target Will Be a Post-Coronavirus Winner

Target’s earnings suffered in the past quarter, but two points in the report are reasons to smile.

The 3 Best Stocks for Beginning Investors

Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.

This Energy Stock Plans to Maintain Its 10%-Yielding Dividend

ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.

Why Facebook Stock Will Reach $300 Sooner Than You Think

The tech giant's ad revenue is likely to increase in coming quarters, which will push FB stock to new highs.

RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue

Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.

Better Buy: IBM vs. McDonald's

Learn which iconic brand is positioned for success after the COVID-19 pandemic.

Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

Be Ready to Sell Speculative Marathon Oil Stock at Any Moment

Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.

10 Stocks Worth Your Time on Robinhood’s Top 100 List

Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.

There’s a Bull Case for Delta in a Bear Market

Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.

These 4 Chinese Stocks Are Too Risky to Own

Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.

Can Marathon Oil Ever Get Back to $30?

Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?  

Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds

Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.

Buy Ford Stock Before It Restores the Dividend

Ford may have suspended its dividend, but investors are in for a treat when it comes back. If you buy F stock now, you could see 50% gains.

3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors

It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.

Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition

Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.

Tractor Supply News: Why TSCO Stock Is Surging 8% Today

Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.

Ralph Lauren Earnings: RL Stock Ticks Lower On Q4 Misses

Ralph Lauren earnings on Wednesday have RL stock slightly lower after the company missed both EPS and revenue estimates from Wall Street.

Marathon Oil Stock Still Deserves Your Attention Despite Analyst Concerns

A couple of high-profile financial firms are firmly bearish on Marathon Oil, but there are two sides to the story for MRO stock.

HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance

HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.

Woolworths revenue takes a pounding

While the storm around Woolworths’ liquidity concerns has calmed, the waters remain choppy for the retailer, with the constraints of Covid-19 cutting off its profit pipelines.

Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You

The stock market posted another round of gains.

Pepkor ‘confident’ it will gain market share amid pandemic

As it continues to provide discounted products for babies and children.

After 83% Rebound, It’s Time to Ditch Chevron Stock

With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.

“The Market” Isn’t the Same as “Stocks”

Can we trust this market rally ... and why you may not have to. Investors should stay focused on stocks within the market, not "the market" itself.

Yext: Avoid At These Levels

Shares have rallied over 75% off its April lows, but the price today is unsustainable at these levels. Yext has been given worse reviews than its competitors, w

Ulta Beauty: More Headwinds Expected Due To COVID-19

Ulta Beauty is the category leader in beauty retail and has historically grown successfully through new store openings and increasing sales. However, Ulta exper

Bendigo Bank saves $148m for COVID losses

Bendigo and Adelaide Bank has made allowances for an additional $148.3 million in credit losses flowing from the coronavirus and efforts to contain it.

Coronavirus Stock Market Bargains: Xerox Stock

Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo

Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B

Hershey: Strong Cost Advantages Will Power The Company Forward

Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli

Growth Is Crushing Value Right Now, But Take A Long-Term Horizon

So far this year, growth stocks are up 1.8 percent through May 27. Meanwhile, value stocks are still down more than 16.2 percent.

Microsoft’s Stock Faces A Sharp Reversal

Microsoft's stock is running into some technical trouble that may result in shares falling.

Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely

Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.

Playing Defense With Cloud Software Stocks

Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.

Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position

COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?

Estee Lauder Stock To Set New Highs Of $220+?

Based on a comparison of Estee Lauder’s stock (NYSE: EL) trajectory over recent months with that around the 2008 recession, we believe that the stock can potentially gain 25% once fears surrounding the coronavirus outbreak are abated, to cross $220, from current levels of $178...

StockBeat: Banks Take up the Baton as Cyclical Rally Continues

StockBeat: Banks Take up the Baton as Cyclical Rally Continues

S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags

Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com

Why quant legend says it's 26 days to a new normal

A new measure of how long investors see the COVID crisis lasting from quant legend Dan diBartolomeo neatly tells the story of growing optimism.

Active Managers Continue To Flounder

Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei

My Top New England Bank Pick For The 2020s

Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont

First Majestic Silver Is A Great Bet On Higher Silver Prices

If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati

Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

Updates from the world of economy, markets, and finance

Covid-proof Equity MF

The disruption across sectors demands a review of your equity mutual fund schemes

Factors To Consider With REM, REML And Individual mREITs

The damage to the agency mREITs resulting from the sudden extreme decline in interest rates is now over. All mREITs are trading at deep discounts to book value.

These International Stocks Are Extremely Undervalued - Part 2

This is the second part of the undervalued stock list - but the international version. We highlight some of the companies we view as the most undervalued in ter

Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead

Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are

FX Weekly: Calling For Chinese Help

The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia

What's behind the bank rally

The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.  

Pandemic kills off GSFM volatility fund

The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.

Microsoft: On The Edge

Analysts remain optimistic about Microsoft. Now it’s rare enough. MSFT's price is now balanced relative to the main blue chips on Nasdaq. The capitalization of

US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades

Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f

Market Pulse on May 26th

S&P 500 2991,77 +36,32.

Bank stocks rake in $17 billion as investors revel in recovery party

Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.

Bank stocks rake in $17 billion as investors revel in recovery party

Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.

Steep US stock correlations show virus’s impact on markets

S&P 500 three-month realised correlation elevated despite VIX slump.

Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook

Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.

Why Technology Is Proving Surprisingly Defensive

In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite

'Catch-up rally': banks tower above the rest on ASX

The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

Canada's main stock index recovered from early trading weakness Wednesday to move to its highest closing in nearly three months on the strength of the heavyweight financials sector.

S&P 500: Fully valued on some measures – UBS

Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra

Deere: Might Be Best To Look To 2021 Already

Shares of DE fell mightily with the broader market, and we have encouraged avoiding shares just before this major selloff. With the stock rebounding, it is prud

DRDGold Remains Undervalued Despite Stellar Performance

DRDGold is one of the top-performing gold mining stocks over the past year due to successful exploration efforts and Sibanye's acquisition. Using P&P reserves,

Banks surge in $17 billion catch-up rally

After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.

EUR/USD Volatility May Fall, Yet Bearish Trend Remains Intact

Markets are now rallying as global risk sentiment improves. Liquidity remains high, while interest rates have been cut across the world (in response to the rece

CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism

Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma

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

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

IMF Says Banks' Profitability Could Be Muted Through 2025

A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.

7 American ETFs for the Hometown Crowd

American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.

Taking care of your retirement savings so that these savings make the degree of difference

Around 100 years ago, the average life expectancy was approximately 50 years. Nowadays, an ever-greater number of people are reaching their 100th birthday. Thanks to advances in healthcare technology over the past century, the world’s population has experienced a marked increase in longevity and, while it is rather unnerving to think of one’s own mortality, most of us underestimate the investment horizon that needs to be planned for in retirement.

Indices post biggest jump in 7 weeks on banking stocks rally, global cues

Sensex gains 996 points as banking stocks rally

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.

Value rotation was the last thing big funds thought would happen

Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.

Consider Bank of America Stock a Buy If Markets Retest Lows

Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.

Trading strategy losses hurt banks’ capital markets profit

The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility

Billionaire Johann Rupert scores R54 million payday

South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.

CEO pay has topped $12.3M. Can it keep rising post-pandemic?

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe

The Worst Deal Ever: The Inside Story Of The Epically Bad Decision By StubHub’s Cofounder To Buy His Company Back

Eric Baker was fired from StubHub in 2005. Fifteen years later his new company Viagogo paid $4 billion to buy it back—just weeks before coronavirus utterly destroyed the business.

Bangladesh Threatens To Ban These UK Brands, Escalating Battle To Get Factories Paid

Apparel manufacturers say the UK company EWM Group plotted to place fresh orders in the country without first paying its outstanding debts.

University Of Nevada, Las Vegas Business School Answers The Humanitarian Call

In light of the tragedy of the coronavirus, humanitarians like Andre Carrier and Greg Lee, and the Lee family foundation, are bold enough to look for a way to end the pandemic.

The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.

We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.

Good Works: Tencent and Universal Team Up on Charity PPE Distribution

In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.

Torstar to be sold, taken private in $52 million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Torstar to be sold, taken private in $52-million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Adamis Pharmaceuticals: Barely Holding On After Q1 Report

Adamis recently reported their Q1 earnings with a miss on EPS and revenue. The COVID-19 pandemic has had a significant impact on the company's US Compounding sa

Media company Torstar to go private after sale to NordStar Capital in $52M deal

NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private

Toronto Star owner Torstar to be sold, taken private in deal worth $51-million

The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight

Cognizant will ask 400 more executives to leave

India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an

NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript

Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Coronavirus accelerates shift away from cash

Pandemic encourages more businesses to move to contactless payments

Banks plan for arrears; retailers push to open; and watchdog counts Covid cost

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

Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain

Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...

Auto Trader to offer 25% discount as it starts trading from June 1

Auto Trader has said it will slash its prices in June as the Government allows car dealerships to open again.

Only The Lonely Can Play

Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we

David Jones, Country Road sales tumble amid pandemic

The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

Argentex Group Announces Completion of New London Headquarters

Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.

British Land suffers £1bn hit from retail tumult

Property company dented by coronavirus impact and boom in ecommerce

CEO pay tops $12.3M

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Why You Shouldn't Worry About Moderna's Recent Insider Selling

No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.

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

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

Math ‘Tricks’ Won’t Save Chevron

While Chevron stock has rebounded significantly from this year’s bottom, we’re talking contextually about low thresholds. Getting back to pre-pandemic levels is another story entirely.

Why General Electric Stock Jumped Nearly 10% at the Open Today

The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.

ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy

Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.

Mobile phone sales 'very quiet' during pandemic store closures: Rogers CEO

The head of Canada's largest wireless business says sales of new mobile phones have been very quiet and likely won't pick up until customers return to stores and malls that have been temporarily closed due to the pandemic.

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

Torstar’s family trust sells near market bottom

After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million

Woolworths targets online as shoppers take to food delivery service

Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.

Oil slides on US-China tensions, doubts about Russian output cuts

The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.

Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports

Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.

Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy

The Dow broke above 25,000.

Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide

The Dow broke above 25,000.

Dow Closes Above 25,000 For First Time Since March

The S&P also broke above 3,000, its best close since March.

Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years

Widespread unemployment could linger longer than expected and slow an economic recovery.

U.S. mortgage applications rise for sixth straight week

U.S. mortgage applications rise for sixth straight week

Stocks - U.S. Futures Higher Ahead of May Business Surveys

Stocks - U.S. Futures Higher Ahead of May Business Surveys

Day Ahead: Top 3 Things to Watch for May 28

Day Ahead: Top 3 Things to Watch for May 28

India facing its worst recession in current fiscal: Crisil

India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Russia consumer demand drops, jobless jump in April lockdown

MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...

'Rally of hope': Why the S&P soared back past 3,000

Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...

Banks' lending rates further drop in April on aid package

Lending rates on fresh loans extended by banks in South Korea dropped sharply from a month earlier in April, central bank data showed Wednesday, apparently due to stimulus measures that supplied massive funds to businesses hit by the new coronavirus outbreak. The average interest rate on fresh bank loans came to 2.8 percent in the month, down 11 basis points from 2.91 percent the previous month, according to prelimi...

Are new car sales about to boom?

According to Robert Gottliebsen, new car sales may be about to boom:

Regional Manufacturing Indexes Begin Long Road Back In May

The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im

France GDP could fall 'around 20pc' in second quarter, statistics agency says

PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...

Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return

Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.

RBA governor expected to be more upbeat

Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.

Manufacturers’ sentiment marks record-low since 2009

Weighed down by the prolonged COVID-19 pandemic, South Korean manufacturers saw their business confidence sink to the lowest level in over 12 years for the upcoming month, central bank data showed Wednesday. The business sentiment index -- BSI -- for the domestic manufacturing sector came to 49 for June, down from 50 for this month, according to the Bank of Korea. While a reading below 100 indicates a pessimist mar...

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the

World economic prospects darken, rebound delayed: Reuters poll

Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...

Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses

Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses

Gold prices hit 2-week low on reopening optimism

US gold futures were down 0.5 per cent to $1,697.60.

Gold hits 2-week low on optimism around reopening of economies

Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.

The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock

Strength in the financial sector offset losses in the materials sector

Consumer Confidence Inches Higher

Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme

Lengthy housing recovery

Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.

What every Canadian investor needs to know today

A look at the morning’s market action

USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank

The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b

Stocks mixed as tech sector weighs on the market

Stocks were mixed Wednesday as a decline in tech shares kept the gains in check.

U.S. economic activity fell sharply due to coronavirus disruptions, Fed says

Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.

Dow Up More Than 500 Points on Economic Confidence

Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Wall Street rises with economic hopes; bank stocks jump

NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...

NZ April fall largest since the filled jobs series began more than 20 years ago

New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV

Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

Euro Cracks 1.10. Are More Gains Ahead?

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

Forex - Dollar Strengthens as U.S.-China Tensions Rise

Forex - Dollar Strengthens as U.S.-China Tensions Rise

Top 5 Things to Know in the Market on Wednesday, May 27th

Top 5 Things to Know in the Market on Wednesday, May 27th

Beleaguered sterling heads into a perfect storm

Beleaguered sterling heads into a perfect storm

Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates

Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com

Stocks - Europe Pushes Higher, Expecting More Stimulus

Stocks - Europe Pushes Higher, Expecting More Stimulus

US dollar edges higher as US, China worries resurface

TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...

AUD/USD retreats from multi-day high to 0.6650 despite upbeat Aussie/China data

AUD/USD pays little heed to better than forecast data while declining to 0.6645, down 0.08% on a day, amid the Asian session on Wednesday. While Austr

ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom

Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad

Aussie dollar shines in COVID-19 recovery

Increased economic optimism, higher commodity prices and rebounding equity markets have made the Australian dollar one of the world's best-performing currencies.

German ECB executive shrugs off court ruling against bond buying

Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank

EUR/USD range play continues ahead of Lagarde speech, EU summit

While EUR/USD registered gains on Tuesday, the ascent stopped just short of 1.10, keeping the multi-week trading range of 1.1019-1.0727 intact. At pre

Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions

Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on

Preview: A Youth Dialogue with ECB’s Lagarde on the COVID-19 response

The European Central Bank (ECB) President Christine Lagarde’s speech will be closely eyed ahead of the European Union (EU) Summit to reach an agreemen

GBP/USD: Supported but with no room to rise – OCBC

The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut b

US Dollar Index treading water above 99.00

The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r

Lagarde speech: ECB’s mild growth scenario already outdated

Speaking about the European Central Bank’s (ECB) response to the COVID-19 pandemic at the European Youth Dialogue 2020, President Christine Lagarde sa

USD/JPY on the defensive around mid-107.00s, below 50-DMA

The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined in a narrow trading band around mid-107.00s. The

Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations

The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates

EUR/USD: The safe-haven US dollar is gaining some ground

EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal

ECB’s de Guindos: Euro area economy to shrink between 8% and 12% in 2020

The European Central Bank (ECB) Vice President Luis De Guindos said on Wednesday, the Euro area economy is expected to shrink between 8% and 12% in 20

Gold prices hit two-week low on optimism around reopening of economies

Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13

Lagarde: It’s even worse than we thought

ECB president supports more public spending as milder economic predictions are ‘out of date.’

ECB’s Lagarde ‘not overly concerned’ about new euro crisis

FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...

EUR/GBP clings to gains near daily tops, still below mid-0.8900s

The shared currency caught some fresh bids in the last hour and lifted the EUR/GBP cross to daily tops, around the 0.8935 region. The cross stalled it

Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo

Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore

Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg

Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package

Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.

Euro economy facing recession as bad as worst forecasts – ECB president

Christine Lagarde says estimates for milder slump ‘out of date’

NZD/USD trades at fresh multi-month highs above 0.6200

The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi

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

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

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

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

U.S. Stocks End Rally With China Tensions Rising: Markets Wrap

U.S. stocks erased gains and ended lower after President Donald Trump said he’d hold a press conference Friday to discuss China, potentially stoking tensions between the world’s two largest economies.

Dollar treads water against euro; yuan sinks on US-China tensions

NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...

NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150

NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A

Investor wealth surges by Rs 2 lakh crore as markets rally

Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.

Titan Company shares down 2% as COVID-19 hits businesses

The company said the lockdowns posed challenges to all its businesses.

Buy USDINR; target of 76.00 - 76.20: ICICI Direct

ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.

Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale

The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.

Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more

Here are the top 10 business headlines on Wednesday morning

Share Market Update: Sensex ends 995 points higher, Nifty at 9,314; Axis Bank, ICICI Bank top gainers

Stock Market LIVE Updates:

Sensex up 183 points, banking stocks rally | Markets News

New Delhi: Markets opened on a positive note led by rally in banking stocks. The BSE Sensex was trading 183.81 … Sensex up 183 points, banking stocks rally | Markets News Read More »

Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows

Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months

Market Update: Sensex surrenders opening gains, drops over 60 points

Torrent Pharma slips 6% on profit-booking; outlook remains a concern

Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.

Sensex, Nifty turn volatile; 10 things to know about today's trend

Markets were mixed overseas as investors fretted upon the rising geopolitical trade tensions between US and China. Markets have become volatile worldwide on the back of mounting fears over economic impact of coronavirus, suggest experts

Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake

The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.

Short covering or a catch-up rally? What drove Sensex up 996 points

Among the blue chips, bank and financial stocks were in heavy demand.

Why Kotak Mahindra Bank share price rose 8% today

Share price of Kotak Mahindra Bank rose up to 7.81% to  Rs 1,242.55 compared to the previous close of Rs 1,152 on BSE

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

India Business News: Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The

S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19

Domestic stock markets soared more than 3 per cent on Wednesday backed by strong buying interest in banking stocks. The S&P … S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19 Read More »

RIL, ITC keep Sensex, Nifty under pressure; check what’s keeping investors edgy today

ITC, Reliance Industries, M&M, Asian Paints and Maruti Suzuki were among the top contributors towards today's fall

Future Retail to raise up to Rs 650 crore via NCDs to refinance debt

The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements

Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks

The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).

Sensex rallies 996 points ahead of F&O expiry; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60 duri

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

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

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

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

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

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

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

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

Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up

Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.

Sensex ends 995 points higher on short covering, banking stocks outperform

Earlier indices turned volatile amid weakness in SGX Nifty and lost morning gains. However, bourses climbed in the last hour of session on Wednesday, amid buoyancy in overseas markets and heavy buying in banking and financials.

Exchanges report 38% decline in daily average commodity volumes in May

Lockdown, negative price fiasco at MCX among slew factors cited as reasons for decline

Value buying in banks leaves investors richer by Rs 2 lakh crore

Short covering by institutional investors, mostly in banking stocks helped Sensex (363 points) and Nifty (77 points) cover losses of last two sessions

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street

Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations

HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price

With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?

Sensex rallies 996 pts ahead of F&O expiry at closing; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60

Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go

Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts

Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

WTI strength fizzles around $34.00, API data eyed

WTI retraces from the highest since March 11 while taking rounds to $33.90 during the initial Asian session on Wednesday. While optimism surrounding a

Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region

Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.

Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap

It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto

Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal

Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th

EUR/USD put bias weakest in over two months, risk reversals show

One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha

WTI stays below $34.50, prints mild losses in Asia

WTI slips from the daily high to $34.20, down 0.23% on a day, while heading into the European session on Wednesday. The barrel of black gold recently

USD/JPY does not rule out a move to 107.20 – UOB

According to FX Strategists at UOB Group, USD/JPY could slip back to the 107.20 region in the short-term horizon. Key Quotes 24-hour view: “USD traded

Gold: On the verge of losing the $1700 level

Gold pulled back on Tuesday as the risk theme turned positive and equities rose. The price moves lower toward $1700, FXStreet’s analyst Rajan Dhall re

When Is A Capital Gain Capital Consumption

There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d

Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure

The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts

AUD/USD trades with modest losses, just below mid-0.6600s

The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-

EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank

EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB

GBP/USD Forecast: Holding Support will be Key

The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher

EUR/USD Forecast: Looking for a Breakout

The EUR/USD exchange rate trades at 1.0975 at the time of writing, just on the cusp of the 1.10 barrier. Analyst and technical forecaster Richard Perry at Hantec Markets maintains a view that the Euro is looking to make a break higher

Gold Price Forecast: New Trend Lower is Forming

Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend

USD/ZAR: Falling to 16.50 in a risk-on mode – Credit Suisse

Economists at Credit Suisse mark the 16.50-16.55 area as a short-term level which USD/ZAR could fall to if global risk markets continue to rally. By c

USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s

The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700

Gold trades with modest losses, holds above $1700 amid escalating US-China tensions

Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com

Three Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop

Bitcoin has been subject to troubling price action over the past week.

XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports

There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to

3 Reasons to Buy Stocks Right Now

Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.

WTI attempts a bounce above $34 mark ahead of API data

WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the

USD/JPY: Gaining bullish strength

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

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.

Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week

Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.

Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts

Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.

Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider

Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Electric vehicle makers battle the COVID-19 pandemic

Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

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

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

France unveils stimulus plan worth €8 billion for car industry

The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.

Hyundai Capital America goes live with Sopra’s Cassiopae

Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.

Macron unveils US$8.8b French auto rescue, champions electric cars

ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an eight billion euro (US$8.8 billion) plan to revive France's auto ...

France unveils US$8.8b plan to revive auto sector through electric cars

ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV battery maker Guoxuan High-tech Co Ltd, the people said, adding both deals could be announced as early as Friday.

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Renault and Nissan rebuild their alliance to ride out the coronavirus storm

When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...

Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis

On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported

Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector

The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture

VW reportedly close to sealing biggest-ever deals in China's EV sector

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

Renault and Nissan deepen cooperation in bid for survival

TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...

Nissan-Renault alliance to share more parts, technology

Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.

Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.

Volkswagen in final talks to seal top M&A deal in China EV sector: Report

The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan

Renault and Nissan rule out merger

As they unveil survival plan.

Renault and Nissan scrap Ghosn strategy in move to slash costs

Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Renault-Nissan-Mitsubishi deepen their alliance

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

Renault and Nissan rule out merger as they unveil survival plan

Companies to cooperate more closely on car production to save costs

From boom to bottom: Renault and Nissan bet on deeper cooperation

As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic

Renault-Nissan-Mitsubishi plan to deepen cooperation

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and

Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

25,937 confirmed coronavirus cases in South Africa as deaths rise to 552

Health minister Dr Zweli Mkhize has announced that there are now 25,937 confirmed cases of coronavirus in South Africa.

As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens

The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.

G20 finance projects give $77 bn a year to fossil fuels: watchdog

Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .

Exclusive: Chevron to cut up to 15% of staff amid restructuring

Exclusive: Chevron to cut up to 15% of staff amid restructuring

N.L. warns of exodus of oil and gas industry without more federal help

ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.

Spark chairman takes aim at govt intervention

Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.

Group of 20 finance projects give $77 billion a year to fossil fuels

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

Pratt: tap super to fuel a manufacturing recovery

Corporate leaders including the Visy boss say exploiting competitive advantages is the key to reviving manufacturing that could lead Australia out of the coronavirus downturn.

Rich Listers gush manufacturing nonsense

There is nothing more amusing than miners and realtors governing a manufacturing revival. At the AFR of course:

Enagás: COVID-Resistant Regulated Utility But Spanish Exposure Is Sub-Optimal

Enagás is a regulated Spanish utility for transmission of gas and gas storage. It has several interesting investments in affiliates, diversifying its income acr

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Virus slices into ALS dividends, but tests on horizon

The Brisbane-based testing giant also says some coal customers have backed its transparency in an analysis scandal.

Morrison is chasing votes at the expense of exports

We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.

4th Budget sets aside $33b more to help workers, businesses

The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.

Nfld. warns of exodus

Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.

Ingenia puts funding boost to work

The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.

Energy giant SSE sets out a greenprint for clean recovery

Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.

The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business

The Federal Reserve’s next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles heel of the recovery.Fed Chairman Jerome Powell told the Senate Banking Committee last week that he’s concerned about America’s “jobs machine” -- its small and medium sized firms -- tipping into bankruptcy and destroying the “work of many families and generations.” If that happens, there will be fewer jobs when state governors declare it’s safe

G20 finance projects give $77b a year to fossil fuels: Watchdog

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

Need to know: Wednesday

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.

The daily business briefing: May 27, 2020

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

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

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

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

Winter of discontent looms for mining sector

As the mining sector gears up to resume full production from June, the Minerals Council South Africa sees a 6%-10% contraction in overall mining production for 2020 because of the Covid-19 impact. It is also satisfied that its screening and testing measures are working. Unions would beg to differ.

United Spirits Q4 down 57.8% to Rs 49.3 crore

The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.

D-Street Buzz | Fertiliser stocks trade higher; Bayer CropScience, Coromandel International hit 52-week high

Coromandel International's consolidated net profit surged 96 percent year-on-year to Rs 235 crore in March quarter of FY20 against Rs 120 crore of the same quarter in the previous financial year.

Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%

Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.

Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20

Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.

Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore

Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.

Torrent Pharma Consolidated March 2020 Net Sales at Rs 1,946.00 crore, up 4.85% Y-o-Y

Buy Birla Corporation; target of Rs 610: ICICI Direct

ICICI Direct is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 610 in its research report dated May 26, 2020.

KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore

Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.

Wonderla FY20 net profit up 17%

Amusement park operator Wonderla Holidays reported a net profit of Rs 64.78 crore for the financial year ended March 31, 2020,

Stocks in news: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others

Stocks in news today on May 27: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others are the top stocks to watch out for in Wednesday's trading session

Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results

Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19

Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review

Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%

UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.

Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter

Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »

Analyst corner: Maintain ‘sell’ on D-Mart operator with TP of Rs 1,900

In FY20, D-Mart added 38 stores vs 21 in FY19. In FY21, we expect lower store adds, while in FY22, this should once again gather pace with 45 store adds.

Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.

Deepak Nitrite standalone Q4 net doubles to ₹116 crore

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

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

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

Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss

The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing

Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs

Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results

As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.

RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28

“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.

UCO Bank slashes lending rate by 40 basis points

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.

RBI to auction 84-day CMBs worth Rs 80,000 crore

CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.

SBI cuts FD rates by 40 bps across all tenors. Check the new rates here

After the steep rate cut, SBI's 1 year to less than 2 year FDs will fetch 5.1 per cent, 3 years to less than 5 years will earn 5.3 per cent and 5 years and up to 10 years will earn investors 5.4 per cent.

Future Retail Ltd gets approval to raise up to Rs 650 crore via NCDs

Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital

The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends

LIC launches pension scheme with 10-year term policy for senior citizens

According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.

SBI cuts fixed deposit rates by 40 bps; check out new rates

The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website

Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse

The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning

PMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years

In the Modified PMVVY, the interest rate will keep varying depending on the financial year in which the investment is made.

Banks would need additional capital buffer of $20 bn, says Credit Suisse

Slippage of 20% on loans under moratorium to weigh on capital ratios

Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI

RBI has directed the banks to link floating rates on housing loans to external benchmarks

Coronavirus: SBI extends term loan EMI moratorium by 3 months, simplifies EMI deferment process

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI

RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens

The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.

Gold loan companies come to rescue of small businesses; banks shy away

Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially

State Bank of India slashes FD rate by 40 bps, second cut in May

The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors

Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.

Govt to discontinue 7.75% taxable savings bonds scheme from May 28

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21

Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22

Government to withdraw 7.75% Savings (Taxable) Bonds scheme

The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.

Govt to discontinue 7.75% saving bonds from May 28

The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the

Nine CFO priorities in the time of COVID-19

There has to be an optimal mix of strategy for sheer survival and ambitious growth in these unusual times of lockdowns, demand collapse and destroyed cash flows. Here is a brief overview of what is on the mind of the CFO as they help their businesses navigate this crisis.

10-15% moderation in salaries not to impact lending practice: HDFC Bank

A pent-up demand for vehicles and social distancing needs, coupled with the introduction of digital inputs to manage customer journey by banks will lead to a faster uptick in auto sales, which were sagging before the lockdown and came to a standstill in the last two months, the bank's country head for retail lending Arvind Kapil said.

Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds

A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.

Future-Proof Your KYB, KYC And Risk In One API

Data aggregation with automation has been the next big milestone the risk industry has been trying to reach.

COVID-19 to accelerate digital adoption in India

COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.

How India can develop its health ecosystem into a dominant, post-Covid economic sector

By streamlining development and regulatory processes, and lending more support so our innovators can compete on a global platform, India can develop its health innovation ecosystem into a dominant, post-Covid economic sector

Rebooting Uganda’s economy post COVID-19

Private sector present various stimulus packages to government on how kick-start business activities back to normal growth curve Kampala, Uganda | ISAAC KHISA | Life is slowly returning to normalcy in Uganda’s towns save for those that lie on the borders with neighbouring countries. Shops and restaurants are back to business albeit observing social distance …

The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional

The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.

LanDynamix launches a cost-of-downtime calculator guide

Promoted | LanDynamix, a leading managed IT services provider, says companies trying to quantify the cost of downtime all too often make the mistake of tackling it from a technology perspective.

Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet

According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.

Privatisation of discoms an opportunity, says JSW Energy CEO

The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.

Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD

One will have to wait for at least a couple of quarters to assess this

Banks go digital to maintain social distancing in post Covid world

Contactless services set to gain ground

Intuitive Surgical: The Growth Leader In Surgical Robotics

Intuitive Surgical is the global leader in surgical robotics. The company has produced outstanding growth rates in both revenue and cash flow over the years. In

5 Investment Trends to Profit From a Post-Coronavirus World

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

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

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

How COVID-19 has changed the face of insurance industry and the role digital can play

The emerging trends post COVID crisis can be far-reaching. Pandemics can be short-lived, but the economic impact can be long-term.

10-15% moderation in salaries not to impact lending practice: HDFC Bank

If the corporates are looking at moderation in salaries or in the increments, the same needs to be watched carefully from a prudential perspective, said the bank's country head for retail lending

50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report

The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months

Reserve Bank paints sobering picture of SA financial (in)stability

The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.

Consumers expect reduced income, intend to spend more on health products: Facebook-BCG report

Even though a large section of people in India expect their household income to reduce in the next six months, many are looking at higher spends on health and hygiene products in wake of the COVID-19

The inescapable truths investors face now

Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.

European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage

Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

Tech reboot in store for EU as plans recovery from crisis

Tech reboot in store for EU as plans recovery from crisis

EU proposes €750 billion coronavirus recovery fund

The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.

EU to unveil massive stimulus plan for post-coronavirus recovery

The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.

EU chief von der Leyen to propose €1 trillion coronavirus recovery fund

It comes after Germany and France proposed a €500 billion fund instead of coronabonds – but it’s still not clear if the funds will be loans or grants.

The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis

A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans

Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

The euro-area economy is faring worse than hoped, facing a recession as bad as the European Central Bank’s more pessimistic forecasts.

EU Aims to Back Struggling South With Fiscal Shock and Awe

The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.

European Commission proposes €750B EU recovery package

‘Today we face our very own defining moment,’ Ursula von der Leyen says.

EU to unveil virus recovery plan amid split over way ahead

The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.

What is in the EU’s €750bn recovery plan and how will it affect Ireland?

Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?

Coronavirus: What is involved in the EU’s recovery plan?

Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?

EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis

The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.

EU proposes $825-billion coronavirus recovery fund

The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling

EU to propose €750bn Covid recovery package for states

Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit

EU to propose €750bn Covid-19 recovery package

Ireland in line for grants of €1.9bn in scheme weighted by how badly economies have been hit

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

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

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

Greece “will invest, not spend, its share” of the EU €750 billion recovery plan

Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government

COVID-19 impact | IDFC First Bank announces pay cuts for senior management

IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.

Startling Figures Reveal Extent Of Government Support For Beleaguered Economy

Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy

Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders

Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.

Government ‘missed opportunity’ not saving company tax windfalls, Ifac says

Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years

Japara flags major impairment,says conditions are tough

The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.

Banks move to avert fresh arrears crisis

The initiative is aimed at avoiding a cliff-edge effect at the end of September

$100 utilities credit for households with at least one Singaporean

All households with at least one Singaporean member will receive a one-off $100 sum to cover their utility bills. This sum, known as the Solidarity Utilities Credit, will be credited in their utilities bill in July or August and covers all property...

Financial complaints watchdog inundated with calls linked to pandemic

Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.

Milestone In Cash Flow Support To SMEs

A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.

$100 utilities credit to thank Singaporeans for staying home during circuit breaker

$100 utilities credit to thank Singaporeans for staying home during circuit breaker

Is this the death knell for bank branches?

Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.

Corporate Rescue

Just announcing $4.5 trillion in future spending to support securities markets was enough to keep investors protected from the downsides of the pandemic.

Are the Coronavirus Bailouts Working? What We Know So Far

If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.

Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel

Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.

One million businesses claim £15bn from Government furlough scheme

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

Government furlough scheme now covers 8.4 million workers

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

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

The 4 Stimulus Bills Saving America From Its Biggest Depression Ever

The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.

$150 Billion In PPP Funds Untapped As Small Business Demand “Just Dried Up”

Approximately $150 billion of the $660 billion allocated to the Paycheck Protection Program (PPP) has gone untapped, according to data from the Small Business Administration – which shows that weekly PPP lending has “actually been negative since mid-May,” as fewer firms applied for loans and some borrowers returned funds, according to Reuters.

Stock markets mixed as China-US tensions return to fore

Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.

Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

Decline in China's industrial profits slows in April, outlook still gloomy

Decline in China's industrial profits slows in April, outlook still gloomy

Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech

Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech

Seoul stocks open slightly lower on escalating US-China tensions

South Korean stocks opened lower Wednesday on souring Sino-American relations, bucking overnight gains on Wall Street amid hopes of economic reopening. The benchmark Korea Composite Stock Price Index (KOSPI) fell 6.49 points, or 0.32 percent, to 2,023.29 in the first 15 minutes of trading. The weak start came after a news report suggested the US Treasury Department could freeze assets of Chinese officials and busin...

Asian stocks pull back as Hong Kong uncertainty weighs

NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...

Nikkei pauses as profit-taking hits transport stocks

SYDNEY — Japan’s benchmark stock index Nikkei paused on Wednesday after hitting a 2-1/2-month high in the last session, as investors locked in profits from recent strong gains in transport companies.

Asian shares slip as new Hong Kong tensions rise

Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.

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

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s status as a global financial center. The…

Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years

(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.

Seoul stocks extend gains to third session on hopes of recovery

South Korean stocks finished a tad higher Wednesday despite escalating tension between the United States and China, as investors sought to scoop up bargains amid growing hopes of an economic recovery. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 1.42 points, or 0.07 percent, to close at 2,031.20, extending its winning streak to a third consecutive session. ...

China stocks fall on rising Sino-U.S. tensions, economic worries

SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.

Asian stocks pull back as Hong Kong uncertainty weighs

Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...

Hong Kong unrest worries curb global shares rally

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Stocks, euro rise on massive EU stimulus plan

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Hong Kong unrest worries curb global shares rally

TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...

Stock markets mixed as China-US tensions return to fore

HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...

Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years

'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.

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

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

It is India's hour to shine, but will it?

If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.

ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area

Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.

[M. Somasekhar] Can S. Korea emerge a bigger trade partner for India post COVID-19?

Sleek cars, versatile mobiles and now COVID-19 testing kits. The image and recall of South Korea to the average Indian has been slowly increasing over the decades. Daewoo’s small car Matiz wooed the bulging, neo-rich middle class during the mid-1990’s as India opened up its economy through the landmark reforms under then Prime Minister P.V. Narasimha Rao. Then came Santro from Hyundai, a runaway success ...

Business will be the loser in the US-China fight

Both nations are indispensable, so companies face a two-track world

Cancelled Hopes

As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business

Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage

Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity

‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world

Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.

View: Can India benefit from the world’s frustration with China?

India lacks the sophisticated infrastructure which gives China an edge in manufacturing.

55 Covid-related goods makers keen on investing in PH

Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.

AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies

Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …

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

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

Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

Reality check on finding new export markets: China's demand dwarfs the rest

Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.

India can tide over worst recession, but govt must be careful: Experts

Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research

Vietnam needs more efforts to lure new FDI wave - VietNamNet

While other countries are setting up specific and clear priorities to attract FDI projects, Vietnam is still pursuing a strategy with multiple targets that could lead to missed opportunities.

Bringing the focus back to the informal sector

It could be the harbinger of economic revival in post-COVID India

This is why The Zimbabwe Dollar remains our best foot forward

ZW$ remains our best foot forward-At the rate at the Zimbabwe dollar is losing its intrinsic value, it may just be a matter of time

Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies

Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive

Rs 20 lakh crore Covid-19 relief package: Missing demand

The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.

Blockchain Gets University Credit

RMIT University students and researchers are seeing a bright future in blockchain technologies.

Building An Adaptive Retail Enterprise For Day 2

Many experts and business leaders believe that this chapter will accelerate the pace of digital transformation, align business and technology behind common strategic objectives, and determine the winning and losing consumer brands of our time.

How failure to embrace the cloud could be the end of Wall Street as we know it

If you work in the financial services industry, you’re forgiven if you’re suffering from a bit of cloud fatigue. The rise of cloud technology and its implications have been hot topics on Wall Street for years now, and rightly so – the benefits are immense and will inform the digital strategy of countless firms in the years to come.

Canadian data start-up Cinchy lands $10m Series A

Cinchy, a Canadian start-up helping banks avoid the security risk of replicating data, has landed $10 million in a Series A round.

Paris-based Aircall raises €59.2 million for its cloud-based phone system

Today French startup Aircall, the phone system for modern business, has announced raising around €59.2 million Series C funding. The round was led by DTCP, alongside new investors Swisscom and Adam Street, and existing investors Balderton Capital, Draper Esprit, eFounders and NextWorld. Founded i

Challenger bank Lunar partners with Danish esports firm Astralis

Lunar, the Nordic challenger bank, has partnered with Danish esports firm Astralis Group to launch a new banking offering.

Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.

LS Group to respond to digital transformation by accelerating R&D

LS Group said Wednesday it is strengthening its digital capabilities by increasing research and development in automation, big data and artificial intelligence technologies in response to digital transformation amid the pandemic. “It will be difficult for the time being as uncertainties in achieving this year’s management goals have increased due to the pandemic, but I hope you will take an extraordinar...

[Herald Interview] JANDI: Usurping KakaoTalk in Korea’s work communication

Toss Lab, the maker of innovative collaboration tool JANDI, has established itself at the top of South Korea’s growing work communication platform market. The fledgling company, in just six years, has managed to go head-on with not only domestic competitors such as Flow and Collabee but also global companies like Slack and Microsoft Teams. Ironically, however, these direct competitors offer far less of a ch...

TSW partners with IIT – Ropar to launch a brand new online course in AI & DL

Education News: Artificial Intelligence AI has undoubtedly been the technology story of recent times, and it doesn't look like the excitement is going to wear off any

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?

As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.

Unlocking the value of values with AI

In an era of purpose-driven consumption, values like transparency, trust and humanness are key drivers that unlock value in AI.

How tech will change the way we work by 2030

Technologies like AI, ML and Blockchain will have a significant impact on work in the next decade and beyond - here's how.

How to move beyond the burden of legacy systems [Q&A]

These days, companies are seeking to stay competitive and current by pursuing and succeeding at end-to-end digital transformation.

The invisible labor powering Silicon Valley — and the ethics behind ‘ghost work’

TNW Answers is a live Q&A platform where we invite interesting people in tech who are much smarter than us to answer questions from TNW readers.

5 Unmissable Highlights From Consensus: Distributed 2020

Consensus: Distributed, CoinDesk’s virtual version of their annual crypto conference, is done and dusted. Read for the entire coverage.

Genobank: Looking to Remake the DNA Kit Market

Genobank is looking to raise capital from the crowdfunding site Republic. They are developing a privacy-first DNA kit based on blockchain.

Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions

SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.

Amazon in talks to buy driverless-technology startup Zoox

Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

Amazon in Talks to Buy Autonomous Vehicle Startup Zoox

Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

Amazon in talks to buy autonomous vehicle start-up Zoox

Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

Over $500m to help digital transformation of companies

More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...

Paris-based Aircall raises $65 million Series C to expand cloud-based telephony platform

French cloud-based telephony platform Aircall has raised $65 million in Series C funding to capitalise on the surge in remote communication needs. The round was led by DTCP, with participation from new investors Swisscom and Adam Street, as well as existing investors Balderton Capital, Draper Esprit, eFounders and NextWorld. The Paris-based scale-up wants to replace […]

Amazon may buy robo-taxi startup Zoox: WSJ

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal reported on Tuesday.

Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox

Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore

Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Zoox hinted it's had interest from multiple buyers.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon Eyes Zoox Acquisition For Autonomous Cars

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant's reach in autonomous vehicle technology.

5 Stocks to Start Investing in 2020

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

Upshift Is Looking To Redefine Car Ownership

Upshift is developing a service that makes it easy to lease a car on a short-term basis. The company is also raising capital on the crowdsourcing site, Republic.

Crude oil futures up 0.62%, WTI trades above $34 a barrel

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.

OPEC+ must plan exit strategy: Kemp

OPEC+ must plan exit strategy: Kemp

Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

The Reserve Bank of India expects contraction in the current fiscal year India’s economy was pushed into a state of … Virus Lockdown Put India Animal Spirits To Sleep, Signals Data Read More »

Oil crosses $35 on signs of improving demand - The Nation Nigeria

OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....

Mega lockdown puts India's animal spirits to sleep in April

India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.

Tea exports fall on Covid-19 curbs

Main market Pakistan shed seven million kilos

Oil slips on demand worries, Hong Kong tensions

Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.

Oil prices slip on demand worries even as Covid lockdowns begin to ease

Brent crude futures fell 21 cents, or 0.6 per cent, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9 per cent, at $34.04 a barrel

Brent price forecast revised up to $40/ barrel by end-2020 – Morgan Stanley

In its latest client report, Morgan Stanley raised its year-end Brent oil-price forecast, in anticipation of faster rebalancing in the oil market. Key

Oil falls on U.S.-China tensions over Hong Kong

Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09

Kuwait's stocks reclaim some lost ground

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

Rising global crude price raises India's basket 93% to $33

The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63

Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April

Government data will probably show expansion slowed in January-March to 1.5%

Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from

Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.

Animal Spirits stuck at the same place as lockdown stall economic activity

The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.

Tesla cuts prices by as much as 6% in North America to boost demand

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.

Tesla to cut car prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned.

Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump

Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.

Used cars: Leasing companies will have to ‘work harder’

Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.

EVs Are A Niche Product, And Tesla Is Even Losing In This Niche

Survey data shows that electric vehicles (EVs) are primarily commuter cars bought by niche purchasers, severely limiting their addressable market. A recent anal

Auto companies stare at bleak wholesale numbers in May

After zero sales in April, auto companies are going through a dull May.

Tesla to cut car prices in North America, China

BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

[BREAKING] COVID-19: Tesla Now Cuts Prices of Model Sedan Cars up to Lowest Price $37,000

Due to Coronavirus, a lot of businesses now offer discounts. And Elon Musk's Tesla might be one of them.

Indian automakers bleed as lockdown continues, zero domestic sales in April

All major carmakers operating in India -- Maruti Suzuki, Mahindra and Mahindra, Hyundai, MG Motor and Toyota Kirloskar -- reported zero domestic sales in April, making it a washout for automakers in the country. 

CATL explores new EV battery services, to add capacity: chairman

BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.

Tesla cuts car prices by up to $5,000

Its prices in China are also being reduced.

Tesla slashes EV prices by up to $5,000 in North America and China

Tesla has given its more expensive models, the Model S and the Model X, the biggest price cut, slashing $5,000 off their old purchase price. The Model S Long Range Plus EV is now listed for $74,990 from $79,990, while the Performance version now costs $94,990.

Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America

It's Supercharger quick-charger is also no longer free for new Model S and X customers.

Tesla Cutting Car Prices to Spur Demand

The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.

Breaking: Tesla Cuts Model 3, X, & S Prices Up To 6% In North America, Model Y Unchanged

According to Reuters, Tesla has cut prices in North America on all of its cars except the Model Y by up to 6%. At the same time, free unlimited Supercharging on Model S and X has been removed. The delivery times for custom ordered Model 3's has been reduced from 5–7 weeks to 3–5 weeks

Why NIO Stock Is Rising Today

An analyst upgrade ahead of earnings is giving shares a boost.

India may need to pump $20 billion into coronavirus-hit state banks

The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.

BoJ's bond holdings edge towards the size of Japan's economy

BoJ's bond holdings edge towards the size of Japan's economy

No quick return to bank share buybacks, says Jamie Dimon

The head of America’s largest bank predicted another big provision for loan losses in the second quarter.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

Israel Discount Bank Q1 profit dips on spike in credit loss provision

JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.

Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report

The latest Financial Stability Report uses 'stress tests' to assess bank resilience.

UK lends $22bn to small firms hit by coronavirus

LONDON: British small businesses have borrowed more than $22 billion under a government-guaranteed coronavirus credit program during its first three weeks of operation, outpacing bank lending under other schemes for bigger firms. The finance ministry offers banks a 100% credit guarantee on loans of up to 50,000 pounds under its Bounce Back Loan Scheme, after an 80% guarantee

Covid-19 to drive €4bn loan losses in Irish banks

Pandemic will wipe out capital due to be returned to shareholders

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

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

Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout

The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.

Debt downgrades can push India bank fund raising to $20 billion

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.

India may need to pump $20 bln into coronavirus-hit state banks: Sources

India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump Rs 1.5 L crores into coronavirus-hit state banks

India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks

India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week

Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.

Boeing slashes 12,000 jobs

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry

Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day

Boeing slashes 12,000 jobs as coronavirus impacts travel industry

A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months

Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know

Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.

Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis

Most of the reductions will take place this year, according to an internal memo said.

Boeing to eliminate more than 12,000 U.S. jobs

Boeing announced on Wednesday it is immediately cutting more than 12,000 U.S. jobs, and several thousand more will be eliminated over the next few months. This week, the company will lay off 6,770 employees. Boeing said an additional 5,520 workers accepted buyout offers, and will leave within the next few weeks. Globally, the company has about 160,000 employees, and most of the layoffs are expected to be in the Seattle area, where workers focus on commercial airplanes, The Associated Press reports. Air travel is down tremendously because of the coronavirus, and Boeing CEO David Calhoun wrote in a memo to employees on Wednesday that because of this, there will be "a deep cut in the number of commercial jets and services our customers will need in the next few years, which in turn means fewer jobs on our lines and in our offices." Catherine Garcia

Boeing cutting more than 12,000 US jobs, thousands more planned

WASHINGTON, May 28 — Boeing Co said yesterday it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in...

Boeing Resumes Production Of 737 Max At "Low" Rate

Boeing has resumed production of the 737 MAX at a "low" rate following two deadly crashes that led to the aircraft's global grounding by regulators, the company said Wednesday.

Boeing cutting more than 12,000 US jobs, thousands more planned

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...

Boeing cutting more than 12,000 US jobs, thousands more planned

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...

LED: The magic bullet that will unlock economy

development

Property professionals must see technology as an opportunity, not a threat

Over the past 10 weeks, digital platforms have played a key role in sector

Is import substitution affordable?

Even as the central government and financial regulators have dished out several relief and stimulus packages to keep the engine of economy running, the

"Innovation Should Be Given a Boost Through Tax Incentives"

In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

WARHORSE AIR FREIGHT INITIATIVE TAKES OFF

The nationwide project driven by a company independent of the freight forwarding industry to enable non-conflictive inclusivity and ethical trade has attracted support from businesses such as Bidvest International Logistics, CFR, BidAir and Savino Del Bene, and organisations including the South African Association of Freight Forwarders (SAAFF), B4SA and BUSA. It is facilitated through an all-inclusive shared-space air charter solution underpinned by a compliant and transparent administration process according to the CEO of tvg&associates (TVG) Teresita van Gaalen who says the next flight is scheduled for Friday 05 June “We have undertaken the project to help secure a number of all-important socio-economic factors in South Africa during the national State of Disaster. Collaboration between all parties is essential in the current circumstances and the intention is to ensure a stable and inclusive supply chain facilitated by a channel that offers the highest levels of impartiality, good governance and a seamless…

Why do organisations need technologists to drive digital transformation strategies?

IT professionals are under immense pressure and need to be provided with the tools, leadership and support to deliver positive business outcomes in response to Covid-19

Holcim restarts Luzon, Davao operations

Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.

Op-Ed: Challenges faced by early-stage clean energy companies

Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.

Nation branding as a catalyst for global competitiveness

The significance of South Africa’s reputation and brand positioning amid global uncertainty

Staffing giants join forces to decode COVID-19 puzzle

Give a clarion call: ‘Help India Get Back to Work Safely’

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

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

Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over

The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".

How South Africa can best balance controlling Covid-19 and avoiding economic disaster

There is intense pressure on the government to lift the lockdown and open the economy. Sustainably lifting out of the lockdown is critical. But there is no roadmap.

Silver futures dip 0.44% in afternoon trade

In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc for delivery in May declined by Rs 2.80, or 1.74 percent, to Rs 158.05 per kg in a business turnover of 1,513 lots.

Natural gas futures up 0.54% in evening trade

In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.

Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for May delivery traded down by Rs 8.50, or 0.92 percent, to Rs 920.40 per kg with a business turnover of 29 lots.

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 27

Among Sectors, Nifty Bank rose 7 percent followed by IT, metal and energy space, while pharma index ended marginally lower.

Slideshow | UPL and Bajaj Finserv among 15 buying ideas with 13-84% upside

Here are the top 15 stocks, in which brokerages are expecting 13-84 percent upside:

Gold price today: Rs 46,799 per 10 gm; silver at Rs 48,000 per kg

The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges

Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala, Vizag - 27 May 2020

Gold and silver rates today 27 May 2020: Gold rates have seen a decline on Wednesday amid fall in prices at international markets.

Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala

Gold rates have seen a decline on Wednesday amid fall in prices at international markets. On MCX gold futures down by approximately 0.18 percent to Rs. 48,800 while the Silver futures on MCX increased by Rs 700 to Rs. 48,700 per kg.

This Pidilite Industries-promoted stock has rallied over 100% in one month

Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE

This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown

Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE

Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch

Record sale by value attributable to the high price of the metal in Indian markets.

Sun Pharma share price falls 3.5% post Q4 earnings

Stock price of Sun Pharma has fallen 1.12% in one week and 8% in one month. However, the stock has risen 4.17% since the beginning of the year.

RIL-RE price jumps 11% on Day 5 on high volumes

RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.

Global stocks mixed on unease over Hong Kong security law

Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.

Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.  

Rand falls as Sino-US friction dents risk appetite

The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.

How China’s tensions could be good for Hong Kong’s stock exchange

Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.

Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

Asian shares slip as new Hong Kong tensions rise

Nikkei down 0.2%, ex-Japan Asian loses 0.3%.

Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension

Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti

Yuan slumps on Sino-US tensions

Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.

UAE markets open higher as trading resumes post-Eid

DFM investors cheer move to further resume economic activity in Dubai post-lockdown

Tencent tests appetite for first dollar bond in more than a year

Wechat operator is offering a four-tranche deal.

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.

China traders buying Hong Kong stocks like never before

History shows mainland buying tends to pick up when Hong Kong shares drop.

Bitcoin Bull Case Swells as White House Mulls China Sanctions Over Hong Kong

One of the biggest narratives in the Bitcoin market in 2019 was, tensions between China and the U.S. were pushing the cryptocurrency higher. As tensions

Global stocks mixed on unease over Hong Kong security law

Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.

COVID-19 crisis | 'Massive increase' in youth unemployment, women particularly hard-hit: UN

The novel coronavirus pandemic has led to a surge in unemployment worldwide but it has hit young workers hard, the United Nations said on May 27, noting that more than one in six people aged under 29 were forced to stop working due to the COVID-19 crisis.

In pics | Economic impact of coronavirus pandemic in India as per CRISIL

Highlighting the grave economic impact of COVID-19, Crisil has said India is staring at its worst recession since Independence. Here are its impact on key indicators

Big job losses in South Africa – Here are the sectors which are the worst affected

The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.

AS U.S. Reopens, Employees in No Rush to Get Work, Beige Book Shows

AS U.S. Reopens, Employees in No Rush to Get Work, Beige Book Shows

NZ facing worst downturn in 160 years: central bank

If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan

Ireland could see 'repeated lockdowns and wide financial distress' during three-year recession

The virus may see our national debt soar by 60%

Virus could cost SA five years of potential output

Reserve Bank ready to step in with a ‘variety of additional tools’.

50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey

The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.

SEEK job ads continue to increase as economy reboots

It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…

Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra

“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.

ESRI warns against austerity measures in short-term as economy heals from the pandemic

The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.

WTI Price Analysis: Seesaws around $34.00, near to break immediate triangle

While flashing yet another move inside a short-term symmetrical triangle, WTI drops to $34.07, down 0.60% on a day, during Wednesday’s Asian session.

Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled

Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char

USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range

USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows

Gold Price News and Forecast: XAU/USD bounce from sub-4H 200-SMA has stalled

Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char

USD/JPY Price Analysis: Bounces off intraday low to regain 107.50 as risks dwindle

USD/JPY pulls back from the daily bottom to 107.55 ahead of the European session on Wednesday. In doing so, the yen pair recovers from 21-day EMA whil

Gold Price Analysis: Pressed to critical support, break or bounce? – Confluence Detector

Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at

USD/CNH faces further upside pressure – UOB

FX Strategists at UOB Group expect USD/CNH to edge higher in the near term. Key Quotes 24-hour view: “USD traded between 7.1355 and 7.1491 yesterday,

GBP/USD Price Analysis: Finds some support near 38.2% Fibo./descending channel confluence region

The GBP/USD pair stalled its overnight strong bullish momentum near the 50% Fibonacci level of the 1.2644-1.2076 recent downfall and witnessed a modes

GBP/USD: Focus on the strong resistance at 1.2360

GBP/USD Wednesday's four-hour chart is painting a bullish picture with clear resistance at 1.2360, as FXStreet’s analyst, Yohay Elam notes. UBS expect

AUD/USD: Looking at the 0.6706 resistance to open upside potential – Credit Suisse

AUD/USD has pushed higher to test of 0.6659/6706, a pivotal resistance area comprising of the 200-day average, the March high, and 78.6% retracement,

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

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

3 Gold Stocks to Buy on the Dip

Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.

The Real Reason This Market Is Defying Gravity

Stocks Analysis by Jani Ziedins covering: S&P 500. Read Jani Ziedins's latest article on Investing.com

10 Stocks to Buy as They Ride a Coronavirus Tailwind

These names are either heavily discounted or are actually riding high on the outbreak.

National Bank of Canada (NTIOF) CEO Louis Vachon on Q2 2020 Results - Earnings Call Transcript

National Bank of Canada (OTCPK:NTIOF) Q2 2020 Results Conference Call May 26, 2020 5:30 PM ET Company Participants Linda Boulanger - VP, IR Louis Vachon - Presi

Stocks Have a Psychologically Important Day

Passing key landmarks on the S&P 500 may have caused traders to reconsider why they have pushed the market so far.

Market focus shifting to non-work from home stocks: Manish Singh

‘Completely battered and oversold stock will see a recovery now

How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff

Earnings upended Alibaba stock's breakout, and now the chart's a mess. Steer clear for now, or sell credit spreads to bank on the chop.

GE Stock Comeback Story is Delayed But Not Canceled

The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.

Don’t Be Too Eager to Book a Position With JetBlue Stock

With an uptick in travel demand, JBLU stock appears to look interesting. But when you expand your horizons, it’s still a bull trap.

Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday

Shares of cruise industry stocks jumped out of the gate Wednesday -- then dropped anchor.

The Trip Aboard Carnival Cruises Stock Will Be Stormy

There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.

Biotech Stocks Have Been on Fire, But Timing Is Everything

Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.

Educational Development Corporation (EDUC) CEO Randall White on Q4 2020 Results - Earnings Call Transcript

Educational Development Corporation (NASDAQ:EDUC) Q4 2020 Earnings Conference Call May 27, 2020, 04:00 PM ET Company Participants Randall White - Chairman, Pres

India’s GDP growth seen at 1.2% for Q4 Financial Year 2020

Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.

Economy may contract by over 40% in Q1: SBI Research

SBI Research estimates the economy will contract by 6.8 per cent in FY21.

Home building down 1.6pc, with worse to come

Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.

Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings

Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before

Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings

The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.

India’s worst recession is here, says Crisil

CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.

States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings

The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.

Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs

The nationwide lockdown announced from March 25 brought the entire economy to a standstill .

India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report

India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report

Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2

The contraction in the Q1 FY21 GDP may be as high as 40 per cent.

India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report

For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP

Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21

The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March

With debt crunch looming, Sri Lanka needs help from its friends

With debt crunch looming, Sri Lanka needs help from its friends

Covid-19 package — World and India

Thomas Carlyle called economics “a dismal science”. Multiple opinion production by dismal economic scientists continued into the 21st century.

Government may get RBI to monetise deficit

India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio

In a Tight Corner

States finally have headroom to borrow more from the market. But there's a cost to it

More liquidity needed, states should come forward with Rs 20 trn: Gadkari

Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"

7 Big Little Lies Of The Modi Government’s Coronavirus Economic Relief

HuffPost India spoke to experts and read the fine print to find the Modi government has failed to put its money where its mouth is.

Deficit Monetisation: Government may get RBI to monetise deficit | India Business News

NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »

Covid-19 fallout: Lower capex by states to weigh on EPC sector

As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector

Cuts of €6-€14 billion until 2025 needed to recover from Covid-19 pandemic, Fiscal Council warns

There will be ‘almost historic highs’ of debt ratios in Ireland as a result of Covid-19, the Fiscal Council’s report states.

'Dangerously naive': APRA warns the worst is ahead

The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

Ola Electric acquires Netherland-based scooter-maker Etergo

While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year

Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year

Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.

Ola Electric to launch e-scooter in 2021

AUTO News: Ola Electric will be launching its electric two-wheeler in Indian and global markets in 2021. Etergo's AppScotter, which is an all-electric two-wheele

SoftBank-backed Ola Electric buys Dutch scooter company Etergo

NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.

Ola Electric to launch new E-scooter in India by 2021

Ola Electric Mobility has announced that it has acquired Etergo BV which is an electric scooter OEM based out of Amsterdam, Netherlands and it will now enter the premium electric scooter space both globally and nationally.

Ola Electric buys Dutch scooter company Etergo valued at $92 million

Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.

Ola Electric acquires Etergo; will launch scooter in 2021

Ola Electric has acquired Amsterdam-based EV startup Etergo, and will launch an electric scooter in India next year.

Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler next year

Ola Electric Mobility (OEM) on Wednesday said it has acquired Amsterdam-based Etergo BV, a move that will help the Indian firm foray into the global premium electric two-wheeler market.

SoftBank-backed Ola buys Dutch electric scooter company Etergo

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on

Ola Electric to launch electric two-wheeler in India in 2021

Ola Electric acquires Etergo in order to enter electric two-wheeler segment. Ola will leverage Etergo technical knowhow and battery tech. Click here to know more.

Ola Electric to launch global electric two-wheeler; buys dutch scooter firm

Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW

Ola Financial Services raises Rs 205 crore from Matrix Partners, others

Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.

Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.

Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners

Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

India's Ambani prepares Facebook-backed unit for overseas IPO

Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering

Mukesh Ambani-Led RIL Is Preparing For Overseas IPO Of Jio Platforms, Likely To Opt For NASDAQ: Reports 

Mukesh Ambani-Led RIL Is Preparing For Overseas Listing For Jio Platforms, Likely To Opt For NASDAQ: Reports

Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

Aditya Birla Fashion plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money

The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.

Baba Ramdev takes bond street: Patanjali to raise Rs 250 cr in debentures; here’s how it will use the money

Baba Ramdev-led Patanjali Ayurveda is planning to raise Rs 250 crore by issuing debentures, in an attempt to meet its working capital requirement.

Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care

Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in

Unibank completes processing stage of TranzAxis migration

Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.

E-commerce transactions grow up to 25% in second week of May

Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce.

Argentina based Fintech Ohana to Launch Digital Wallet to Help Locals Pay for Daily Services via QR Codes, Send Money, Settle Taxes

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and se

Stripe launches in five new European countries

Expansion, which is being led by Dublin office, means company now in 39 countries

Google will begin reopening its offices starting July 6 with limited capacity

Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg

Aircall raises $65 million to grow its cloud-based contact center platform

Aircall, a cloud-based contact center platform for businesses, has raised $65 million in a series C round of funding led by DTCP.

Innovating The ATM Beyond Cash

PYMNTS explores the influx in PPP loan applications, an overview of new ATM and ITM technologies and Redwood Credit Union's latest digital innovations.

Stripe expands in Europe, adding five more countries

Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.

Coronavirus Impact: Shapoorji Pallonji Real Estate bets big on digital, to redirect ad spends on digital marketing

The company plans to redirect around 50% to 60% of its ATL spends towards digital marketing which takes the tally to over Rs 10 crore

Google Provides $1,000 USD Allowance to Employees Working From Home

To put towards computers and office furniture.

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

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

Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately

Petronas eyeing India's ACME Solar assets worth Rs 450-500 crore: Report

Petronas will likely conduct the deal worth Rs 450-500 crore through its Indian arm Amplus Energy Solutions

Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

The proposed investment will be towards company's proposed brownfield expansion at company's Oragadam facility near Chennai

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

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

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

Tamil Nadu to create 47,000 plus jobs, inks deals for over Rs 15,000 crore investment

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Despite virus outbreak, Tamil Nadu attracts 17 investors worth Rs.15,128

The companies which signed the MoUs are from Germany, Finland, Taiwan, France, South Korea, Japan, China, USA, Australia, UK

NTPC keen to buy Reliance Infra’s Delhi discoms

Reliance Infrastructure had sold its Mumbai discom business to Adani Transmission in 2018 for Rs 18,800 crore, which helped the company reduce its debt by Rs 13,800 crore.

French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown

Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.

Coffee, Cocoa Don’t React Much To U.S. Reopen As Consumption Takes A Hit

Commodities Analysis by Investing.com (Barani Krishnan/Investing.com) covering: Starbucks Corporation, US Coffee C Futures, Crude Oil WTI Futures, US Cocoa Futures. Read Investing.com (Barani Krishnan

Gofrugal helping small retailers go digital

As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers

Tuesday Morning closing 230 stores, files bankruptcy

DALLAS, TX - Off-price retailer Tuesday Morning filed for Chapter 11 bankruptcy protection Wednesday with plans to close more than a third of its stores. Tuesday Morning had been struggling when the coronavirus pandemic began and went into a free fall when it was forced to temporarily close its locations due to the crisis. The company joins a growing list of retailers that have tumbled into Chapter 11 bankruptcy during the pandemic, including J.C. Penney, Neiman Marcus and J. Crew. In each case, the companies were already in rough shape before the pandemic began due to excessive debt and declining foot traffic. Tuesday Morning, which sells a wide variety of merchandise including home decor, bath and body goods, crafts, food, and toys, hopes to stay in business while using the bankruptcy process to restructure its operations. The company plans to permanently close about 230 of its 687 stores this summer. Of those, it has already identified 132 that will be shuttered, including 17 in California. "These stores were…

Queues and limited browsing in store for English shoppers

LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...

Food in a Tinderbox

The restaurant industry is close to irreparable damage. Can it be saved?

New Google My Business features aim to help SMBs pivot and survive COVID-19

The new tools and capabilities mirror the expanding role of GMB as a gateway to both offline and online services.

McDonald's to reopen all UK and Ireland stores in June

Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures

Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service

Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.

Coronavirus Impact: 72% consumers want to buy from locally sourced items going forward: Deloitte Consumer Tracker Report

Consumers are carefully evaluating needs versus wants of products and services making a shift towards less discretionary purchases

City of Amarillo’s sales tax revenue seeing potential decrease of $4 million

Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.

UK lockdown drives fastest growth in grocery sales for over 25 years

Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.

UK lockdown drives fastest growth in grocery sales for over 25 years

LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...

Online UK grocery spending hits record in lockdown shopping spree

Overal­l UK grocer­y sales increa­sed by 13% year-on-year

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Robinsons squash buoys Britvic as sales hit by pub closures

Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.

Robinsons squash buoys Britvic as sales hit by pub closures

Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.

Our pandemic shopping habits are here to stay. Brands are racing to adapt

Procter & Gamble, which owns brands including Tide, Fairy, Pantene and Gillette, is just one of the consumer goods giants that expects new habits formed during the coronavirus pandemic to permanently change the way consumers shop.

Bharti Telecom sells 2.75% stake in Airtel

Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore

Stocks to watch: Deepak Nitrite, RIL, Sun Pharma, Titan, Tata Motors, Dabur

Here's a look at the stocks that may remain in focus today -

Stocks in Focus on May 27, 2020 | Markets News

New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom raises $1.1B from Airtel stake sale

Bharti Telecom, the holding company of India’s Bharti Airtel, sold a 2.75 per cent stake ...

Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news

Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.

Bharti Airtel block deal: Now, Sunil Mittal’s telecom group looks to go debt-free after Mukesh Ambani’s RIL

Bharti Airtel’s promoter firm Bharti Telecom raised Rs 8,433 crore on Tuesday, selling 2.75% stake in the telecom major to institutional investors through an accelerated book building process in the secondary market.

Airtel's stake sale to get ready for a bigger fight with Jio

Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board

IndiGrid Q4 net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

BPCL privatisation bid deadline further extended until July 31

While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.

Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement

Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

Government extends BPCL bid deadline to July 31

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.

Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival

Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.

BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

ICRA expects muted participation in spectrum auction, sees industry debt rising

It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.

Board: Puerto Rico to see 65% surplus drop amid debt crisis

A federal control board that oversees Puerto Rico’s finances prepared to vote Wednesday on a revised fiscal plan as it warned the island’s surplus could plunge by 65% and that the government is unable

Amtrak requests additional $1.5B in federal funding for coronavirus relief

May 26 (UPI) -- Passenger railroad service Amtrak on Tuesday asked Congress for an additional $1.5 billion in federal funds to help it maintain operations amid the effects of the COVID-19 pandemic.

Board: Puerto Rico to see 65% surplus drop amid debt crisis

SAN JUAN, Puerto Rico — A federal control board that oversees Puerto Rico’s finances said Tuesday that the island could be hit with a deficit earlier than expected and see its surplus plunge by 65% in upcoming years, warning the government cannot afford to pay current debt obligations.

US lawmaker wants insurers, govt to share future pandemic business losses

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...

Global airlines body raises alarm over bailout debts

Says heavy debts from govts will delay indust­ry’s recove­ry

Austerity package of as much as €14bn may be needed to control Covid-19 debt, warns fiscal watchdog Ifac

Spending of billions to support the recovery over the next few years is the right thing to do, but a new government soon after will face “difficult choices” over cuts and tax rises if it is to meet pledges over Sláintecare and housing, the head of the Irish Fiscal Advisory Advisory Council has warned.

Pandemic behind proposed city budget cuts

Oklahoma City will try to minimize layoffs while cutting jobs in the upcoming fiscal year to make up for the COVID-19 pandemic's battering of government revenue. Budget Director Doug Dowler went over the proposed 2020-21 budget Tuesday with the city council. Public budget hearings will continue weekly through June 16, when a vote to adopt the budget is scheduled. The new spending plan takes effect July 1. City executives held out hope the blow would be lessened by Congress, which could authorize federal funds to offset sharp drops in sales tax and other revenue sources. "We're working every angle we can," said Mayor David Holt. The $1.658 billion budget proposal includes: • Freezing positions for 34

Stimulus package

And with deft shepherding and appealing to their patriotic duty, the chairman of the congressional panel tackling the massive and historic measure passed muster at the committee level.

Abe Cabinet OKs another ¥117 trillion package to fend off COVID-19 fallout

The new package is aimed at further shoring up steps to help individuals and companies that are financially struggling due to the coronavirus.

Japan's new budget to include US$302b in direct spending, reports Mainichi

TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

S. Korea to keep aggressive spending to address coronavirus pandemic

SEJONG -- South Korea will maintain its aggressive fiscal spending as it is set to unveil the third extra budget early next month to minimize the economic pain from the coronavirus pandemic, Vice Finance Minister An Il-whan said Wednesday. The third extra budget is aimed at focusing on reviving economic growth and creating jobs, An told a meeting with fiscal experts earlier in the day. The budget is also designed...

Japan PM vows to back corporate financing with second extra budget

TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...

Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

Japan doubles down on stimulus with extra $1 trillion in aid

Package includes financing for companies, rent subsidies and healthcare assistance

TikTok owner made over R52 billion net profit last year – Report

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million

Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.

ByteDance Hit $3 Billion in Net Profit Last Year

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

Tiktok maker ByteDance hit $3-billion in net profit last year

TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore

Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.

As If Luckin Coffee Didn't Have Enough Trouble, Tencent Is Now Coming After It

Tencent just invested in Tim Hortons' expansion into China.

Global energy spending to fall $400bn due to coronavirus crisis

IEA says investments in low-carbon technologies falling far short of climate goals

Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA

PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.

Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA

PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...

IEA: Covid-19 crisis causing biggest fall in global energy investment in history

In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in

NSW to kick-start renewable energy investment

NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.

Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

Global spending on oil to drop by $1 trillion in 2020 says IEA

Investment in energy sector will see its biggest drop this year says the agency

Global energy investment to drop by $400bn

An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.

USD/CAD Price Analysis: Clings to 100-day EMA below 1.3800

USD/CAD consolidates losses from multi-day low while taking rounds to 1.3780/85 during the pre-European session on Wednesday. The Loonie pair dropped

USD/CHF Price Analysis: Bullish Doji on H4 favors recovery above 0.9650

USD/CHF portrays gradual recovery from the intraday low while taking the bids near 0.9670, up 0.13% on a day, during the pre-European session on Wednesday.

EU Commission to mobilize EUR750 billion for the coronavirus recovery fund – DPA

Ahead of the European Union (EU) Summit, aimed to unveil a post-COVID-19 recovery plan, he Deutsche Presse-Agentur GmbH (DPA) came out with headlines,

EUR/JPY Price Analysis: Shifts the focus to the 200-day SMA

EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier at 119.00 the fig

US Dollar Index Price Analysis: Rising odds for a move to 98.50

DXY is losing the grip further on Wednesday, extending the decline for the second consecutive session after being rejected from the 100.00 mark at the

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

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

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

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

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

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

Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track

The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.

India loses crown to Indonesia as Honda’s biggest two-wheeler market

HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market

Covid to accelerate rebound in small cars, rural market: Maruti

Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.

‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis

Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director

Honda Motorcycle’s Yadvinder Guleria to speak at FPJ-IIM Indore’s webinar on auto sector

Mercedes Benz bets on high-performance cars for the tech-inclined driver

Prices start at Rs 75 lakh for C43 Coupe to Rs 3 crore for a fully loaded AMG S63.

Don’t Buy Ford Stock Now, Even If You Believe in Miracles

A suddenly robust used-car market along with U.S.-China tensions will put the brakes on Ford.

Demand for real estate to go up in post COVID-19 world: Manoj Gaur

In an exclusive interview, Manoj Gaur, MD, Gaurs Group, and Chairman, Affordable Housing Committee, CREDAI (National), talks about the impact of Coronavirus on real estate in India and shares his industry outlook.

Decoded! Taxation of employee stock options vis-à-vis start-ups

Book value instead of full market value should have been considered for taxation of ESOPs

Contributions to PM CARES Fund will be considered as CSR: Centre

The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime

Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds

The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28. 

PM CARES now eligible to receive contribution under CSR; govt amends Act

The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26

Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates

Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...

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

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

Donations by companies to PM-CARES Fund notified as CSR, says govt

Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund

Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

Vietnamese businesses ‘swim against the stream’ to seek profit - VietNamNet

While many businesses have had to take big losses because of Covid-19, other businesses have reported profits with 2-digit growth rates.

Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak

TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.

Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January

American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.

Capital importation grows by 54% to $5.9bn in Q1’20

The value of capital importation into the country grew quarter on quarter (QoQ) by 54 percent to $5.9 billion in the first quarter of

SandRidge Energy: Steep Production Declines In 2020 As It Attempts To Manage Its Debt

SandRidge is at risk of seeing its production shrink considerably during 2020. It is shutting in wells (some permanently) as well as spending minimal capex duri

Bank of Montreal profit slumps more than 50% as credit losses loom

Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier

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

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

Box Earnings: BOX Stock Drops 2% Despite Q1 EPS, Revenue Beats

Box (BOX) earnings for the cloud storage company's first quarter of 2020 have its stock on the move after markets closed on Wednesday.

Big companies to get bigger after Covid: BofA Securities

The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.

What India must do to increase its competitiveness

Time-bound reforms would have a significant impact on competitiveness

DBSA seeks loans to plug funding gap

Potential lenders include the African Development Bank, the New Development Bank and Agence Francaise de Developpement.

$400-M ADB loan to fund PH capital market dev’t

The Asian Development Bank has approved a $400-million policy-based loan to support the  government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.

Current crisis calls for a revised Union Budget

The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment

Open Banking moves from compliance challenge to commercial opportunity

European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.

SA plans R357bn infrastructure fund, ANC says

Focusing on ‘network industries’ such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements.

EANS-News: European Lithium Limited / Conversion of Debt

Company Information

Debt Funds: No Safety Tag

From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe

Mirae Asset fined for illegal internal trading, but avoids prosecutorial probe

South Korean financial giant Mirae Asset Group is likely to resume its drive to launch a mega-sized investment bank as authorities on Wednesday decided not to request a prosecutorial probe for conducting illegal intra-unit trading and instead chose to slap a light penalty. The nation’s antitrust watchdog Fair Trade Commission said it has imposed a fine of 4.39 billion won ($3.6 million) on financial conglomera...

Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA

Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

The Eskom Pension and Provident Fund’s audit oddity

A pension fund CEO resigns, and almost exactly a year later, is granted a R350m mandate to invest in the property sector by the fund shortly after a mandated cooling-off period ends. The fund makes no mention of the deal in its financial statements for that year. Is this legitimate or not? And by the way, where are the auditors?

Amrapali case: JP Morgan says attachment properties by ED ‘blatantly illegal’

However, the bench asked the ED to consider objections raised by JP Morgan India against attachment of its properties and posted the matter for hearing on June 3.

Air Canada seeks $1 billion

Air Canada is hoping to raise more than $1 billion in share and debt offerings to bolster its cash position amid the financial devastation of the COVID-19 pandemic.

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

Country’s largest private landlord currently ‘cannot foresee’ Covid impact

Ires Reit, the country’s largest private landlord, currently “cannot foresee” the impact the coronavirus will have on the company.

Hedge Funds Pay Up in U.S. to Poach From Rivals Stung by Turmoil

Izzy Englander sent his Millennium Management staff to work from home in early March. Since then, about 100 people have quietly joined the $42 billion hedge fund.

Airline debt to balloon by 28% - Heavy new debt levels will weigh down recovery

GENEVA - The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). $52 billion is from commercial sources including commercial loans ($23 billion), capital market debt ($18 billion), debt from new operating leases ($5

Cognizant offers voluntary separation package to 400 mid, senior managers

Move aimed at IT services major’s US employees

Wall Street opens higher on recovery optimism

The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

Sensex, Nifty Nifty Likely To Open Flat

At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee opened weak.

Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

NSE Nifty fell 13.70 points.

Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

California Art Schools Consider Hybrid Instruction Models for Fall Semester

The coronavirus pandemic has forced colleges and universities across the United States to rethink how to fulfill their missions as places of higher learning. As the fall semester fast approaches, many institutions must rethink how they will operate if campuses remain shut. Art schools, which promise their enrollees studio instruction, in-person critiques, and thesis exhibitions, face an even bigger challenge when contemplating how to present their academic offerings to students if classes can only be held online.Allan deSouza, the chair of the department of art practice at the University of

College Is About To Change Forever--And Music Education Is Not Immune

Higher education will be greatly affected by COVID-19. Musicians and music business students have historically been faced with expensive tuitions, and with campus distancing, online courses and employers now questioning the value of degrees, the future of music education could be entirely reshaped.

Concept of Transferrable College Credits

Education News: Isha is a bright student in first year B.Sc. at the Dehradun University. Her father is in a bank and gets transferred to Mumbai. Isha wants to reloca

Students likely to get credits for online courses

Bid to salvage academic year hit by COVID

Commentary: What a lousy time to graduate, what an unfair handicap for graduating students

This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.

COVID-19: The future of college is online

Continuation of virtual classes may be beneficial even after the coronavirus is over

Coronavirus: Dundee Uni develops online art initiative to keep senior school pupils on course for higher education

Dundee University is in the midst of a creative online project to keep senior school pupils on course for art and design in higher education.

Prudent lenders like Axis Bank & Kotak Bank should keep some powder dry: SBICap Securities

‘The valuations at this point of time are fairly attractive across the financial sector

Don't Get Ambushed By The FANG/FANMAG Factor

ETFs are supposed to be top-down portfolios oriented toward an asset class, a region, a line of business or a general combination of these. Holders of ETF share

Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth

‘The biggest driver for economic recovery will be demand revival and consumption

Stock Market Investment in times of Covid-19: Time to rebalance your portfolio, stay invested for long term

Stock markets are hard to predict. The best way to time the market is to remain invested in the market.

Cash isn’t what it used to be

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

Gold Stocks Are a Safe Haven From the Upcoming Recession

If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.

The Direxion Daily Jr. Gold Miners Bull 2X ETF Isn’t What You Think It Is

Thanks to the return of gold sentiment, leveraged ETFs like JNUG are suddenly on investors’ radar. But make sure you understand what you’re really buying.

Kia Motors plans micro EV to replace public transport in Europe

Kia Motors’ European subsidiary said Wednesday it plans to launch a micro-size electric vehicle that can replace public transportation amid increased preference for use of private vehicles following the COVID-19 pandemic. “People want to feel safe today. We saw that very clearly from a survey that was done after the coronavirus outbreak in China. People started shifting from public transport to private v...

Early farewell? BMW set to cease M2 Competition production in Europe…

A fresh report claims BMW will end production of its F87-generation M2 Competition in Europe earlier than initially planned.

BMW unveils new 5, 6 Series lineup at ‘drive-thru’ world premiere in Korea

INCHEON -- BMW Korea unveiled revamped models of the 5 and 6 series sedans on Wednesday, holding the first world premiere event in the country as a foreign carmaker, which was also BMW Group’s first official event since the COVID-19 pandemic. The carmaker displayed three new versions of the 5 Series and the 6 Series Gran Turismo: BMW New 523d, BMW New 530e and BMW New 640i xDrive. The 5 Series will be prese...

Okinawa Oki100 motorcycle: another rebranded Chinese EV?

Okinawa has stated that its upcoming Oki100 motorcycle will be a fully localised product. Click here for all the details.

2021 Perodua Alza D27A – next-gen Avanza twin to come with DNGA platform, 1.0L turbo, 1.2L hybrid?

Click to enlarge Reports have been coming out from Japan that Daihatsu is preparing a new MPV, and Indonesian media are linking that to a new generation

Nissan Navara Pickup Getting GT-R Engine With 1,000 Horsepower

The coronavirus pandemic and the lack of racing prompted SB Motorsport to revisit an old project that swaps a GT-R engine into a Nissan Navara.

Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession

“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."

Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis

The acting chair of the Irish Fiscal Advisory Council has said the debt ratio here will be 'almo...

Commentary: More action needed to bolster economy — and quickly

A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.

Paul Krugman Is Pretty Upbeat About the Economy

In a Q&A, the Nobel-winning economist says the pandemic recovery probably won’t be like the one from the last recession.  

Trump’s Economic Advisers Are Wrong

Forget a V-shaped recovery, or even a U.

Paul Krugman says he's feeling 'more positive than I expected to be' about the economy

As the economic devastation caused by the coronavirus pandemic continues, Paul Krugman says he's feeling "more positive than I expected to be" about the recovery. The economist and New York Times writer spoke in an interview with Bloomberg about the state of the U.S. economy amid the coronavirus pandemic, cautioning that the crisis should not be looked at as "a garden-variety recession" instead of a "shutdown enforced by social distancing." Asked how long the economic fallout might last, Krugman explained that looking at past recessions, "until now we've had two kinds: 1979-82-type slumps basically caused by tight money and the 2007-09 type caused by private-sector overreach. The first kind was followed by V-shaped 'morning in America' recoveries; the second by sluggish recoveries that took a long time to restore full employment." Krugman argues that the current crisis is "more like 1979-82 than 2007-09," not being caused "by imbalances that will take years to correct," which suggests a "fast recovery" once the…

Jamie Dimon Hopeful Economy Will Improve In Q3/Q4

Jamie Dimon, CEO of J.P. Morgan Chase, expressed hope that the economy will improve and unemployment will ease in the second half of the year.

It’s Time to Take Ford Out to the Junkyard

Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.

Over-Leveraged Zombie Companies Threaten Economic Recovery

Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt

Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped

A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.

Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion

Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.

Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy

Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.

ThredUp Is The Win You Didn’t Know Walmart Needed

Walmart and ThredUp have announced an online partnership that will give consumers access to 750,000 pre-owned women’s and children’s items, accessories, footwear and handbags from ThredUp on Walmart’s site.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.

Walmart Goes Full-Throttle on Resale With ThredUp

As part of an ongoing mission for fashion dominance, Walmart enters resale.

Walmart teams with ThredUP to sell used clothing online

NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Latam Airlines seeks bankruptcy protection as travel slumps

BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...

Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor

The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.

Latam becomes largest airline driven to bankruptcy by coronavirus

NEW YORK, May 27 — Latam Airlines Group, the continent's largest carrier, filed for US bankruptcy protection yesterday, becoming the world's largest carrier so far to seek an emergency reorganisation due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America's...

State ownership of airlines may be side effect of coronavirus

Michael O’Leary’s anger over Lufthansa’s €9bn state bailout is understandable

Virgin Atlantic suitors narrow with clock ticking on rescue

Ailing airline in need of emergency funding.

Why Latin American airlines are going belly-up?

The move allows Latam Airlines Group to keep operating while it works out a plan to pay creditors and turn around the business.

Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property

Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.

Marlet secures €33m from AIB for south Dublin build-to-rent scheme

State-backed lender supports delivery of 142 units in Dundrum in midst of Covid-19 crisis

South William Street mixed-use investment seeks €2.6m

Sale of Dublin 2 restaurant and residential premises will test strength of market

Edgy Surry Hills offices hit the market

Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.

Riverside housing scheme begins with demolition of Gateshead oil depot

High Street Group is creating more than 250 riverside apartments on the former Brett Oils site

Lowy family-backed fund pays $40m for Melbourne homemaker centre

The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.

Google to reopen offices from July 6, gives workers $1,000 each

Google has set July 6 the date for its employees to return to office in a gradual, phased manner and has announced to give $1,000

Retailers add COVID-19 surcharge for services to help offset costs of pandemic

VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co

Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office

The finance sector has rolled out measures for workers as they gradually return to the office.

Google to reopen offices from July 6, gives workers $1,000 each

Google's original plan was to keep work from home policy until June 1

Crisis causes a rethink on CBD office space

Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,

TCS ‘work from home’ policy: Only one-fourth of workers to come to office; CEO explains Vision 25×25

One of India's largest software companies TCS has said that by 2025, only 25% of its total workforce will be required to come to office for work, as many companies now opt work from home policy.

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

VTA’s suggestion to MSME Minister Gadkari on GECL

Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]

Liquidation of companies still the most likely outcome under IBC

January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues

Government proposal: MSMEs may seek own insolvency

Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are MSMEs.

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

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

Airlines Aren’t Alone. Hotels’ Brand Valuations To Drop 20% Because Of COVID, Cratering Of Travel Demand

"The COVID-19 pandemic is going to hit the hotels sector hard as holidays are cancelled and people work from home."

Finding working capital is key to small businesses efforts as reopening accelerates

Small businesses are suffering affer a long pandemic shutdown and they are worried about what will be needed as they begin to reopen. Interviews with a select group of small business owners found that access to working capital is key to reopening, as well as clear guidance from government or trade organizations about how to reopen safely during the pandemic.

Hospitality industry unites for “Buy One, Give One” campaign

NEW YORK - To help jumpstart leisure travel, the hospitality industry has united to launch Buy One, Give One, a “vacay layaway” program designed to generate immediate revenue for hotels, while simultaneously providing a “thank you” to healthcare workers who have been tirelessly working on the front lines.  Available at BuyOneGiveOneStay.com through June 30, the initiative incentivizes consumers to purchase future travel now with special offers ranging from discounted stays to gift cards to loyalty points for redemption prior to travel.

How travel and holidaying will change in the new normal

From contactless travel to immunity passports and open-dated stay packages, the Indian tourism and hospitality sector is exploring a range of options to breathe life into a stalled business

Date announced for Nottingham branch of John Lewis to reopen - and what customers can expect

Numerous safety measures will be in place

World economic prospects darken, rebound delayed – Poll

BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.

World economic prospects darken, rebound delayed: Poll

With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

Covid-19: Catch up to trend-GDP difficult in three years

However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.

Prospects for global economic recovery look bleak – Reuters poll

The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

T-Mobile leads modest growth in Dutch broadband subscribers in Q1, KPN losses continue

A year after launching a major expansion in its fibre footprint, KPN has yet to restore growth in its broadband business. The latest data from Telecompaper shows the incumbent lost another 17,000 broadband subscribers in the first quarter of 2020, while rival VodafoneZiggo added nearly 10,000 new connections. T-Mobile was again the biggest winner, adding the most new broadband subscribers in Q1.

COVID-19 to accelerate digital adoption in India; Jio helped spur internet usage: Morgan Stanley

India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US. Morgan Stanley projected India's 670 million internet users to rise to 914 million by 2027 and online shoppers to jump to 590 million from 190 million in 2020.

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

Reliance Jio pushed internet usage in India, coronavirus to accelerate it further: Morgan Stanley

While Mukesh Ambani’s Reliance Jio brought telecom services revolution in India, the coronavirus pandemic will give a further push to digital adoption in the country as more and more people take to e-commerce to buy products.

The going will get tougher for the Indian automobile sector; here's why

In the long run, more solid reforms might be needed to help auto sector be able to walk without the crutches that government might be able to give it.

Airline Round-Up In Coronavirus

The unprecedented decline in demand for air travel has investors nervous. While there is no historical event that provides a direct predictive model as to deman

McLaren To Axe 1,200 Jobs, More Than A Quarter Of Its Workforce

The coronavirus pandemic is forcing McLaren to scale down by eliminating 1,200 jobs from its automotive and F1 divisions. Most of the job cuts are in UK.

Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month

In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.

No-touch new car buyers drive towards Let's Haggle

An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.

2020 Nissan Titan Pro-4X Test Drive And Review: A Truck With Merit

What happens when you look beyond the best sellers for a unique pickup truck?

Audi A8 60 TFSIe first drive | plug-in petrol majors on refinement

It offers seamless, silent, emissions-free running in the city and without the range concerns of a large electric car.

Ford Kuga first drive | less rugged, more efficient: better overall

For the majority of SUV customers, the latest-generation Kuga is a fine choice.

Electric cars covering more mileage than petrol cars

EVs nudge ahead of petrol in distance stakes as car makers boast of charging speeds

Electric cars covering more kilometres than petrol models

EVs nudge ahead of petrol in distance stakes as car makers boast of charging speeds

How South Korea made itself a global innovation leader

Systemic reform backed by strong investment has brought rapid and long-lasting results.

Raising IC self-sufficiency increasingly difficult for China

US vendors remain dominant players in the global front-end semiconductor equipment market segment, which will be a critical factor blocking China's ambition of raising self-sufficiency for ICs, according to industry observers.

Chang Wah to double QFN leadframe capacity in 2020

Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.

Largan sells China plant

Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.

Elgi Equipments to shut Chinese subsidiary on poor show

These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.

EUR/USD: Extra gains expected above 1.1020 – UOB

FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s

GBP/USD: Potential move to 1.2400 on the cards – UOB

Cable could extend the upside momentum to the 1.2400 mark in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterda

Macro Afternoon

See the latest Australian dollar analysis here:

EUR/USD: Failure at 1.10 may fuel a fall

EUR/USD Wednesday's four-hour chart is showing some weakness after failing to top 1.10, as FXStreet’s analyst Yohay Elam notes. OCBC Bank also sees th

S&P 500: No supports of note broken – Credit Suisse

S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not

S&P 500 rises on boost from bank shares

S&P 500 rises on boost from bank shares

Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700

Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped

Gold Futures: Downside seen shallow

Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar

Here’s How to Make a Safer Wager on Penn National Gaming Stock

Today’s PENN stock price deserves a new strategy that plays a bit like craps. It uses the options market to leverage more upside.

5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN

Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.

Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally

Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.

Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions

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

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus

Dollar slips amid vaccine hopes as Japan reopens

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

Stocks rally on EU stimulus plan, euro gains

NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...

IATO urges tourism minister to provide financial stimulus for sector

IATO has also asked for special collateral free and interest free long-term loans (5-10 years) to be provided to the tour operators for revival of business and aggressive marketing, the statement said.

Need for growing NDB into global development institution: FM Nirmala Sitharaman

She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.

‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus

The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.

U.N. calls meeting to boost pandemic support for developing countries

WASHINGTON, May 26 (Reuters) - U.N. officials said they will meet on Thursday with over a dozen world leaders to discuss shoring up financial support for emerging economies, hit hard by the pandemic's economic fallout.

Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez

The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said

Gucci Changes in Sync With the Zeitgeist

Observers believe shaking the industry's unwritten rules was long overdue and that the pandemic has accelerated the trend,

EXCLUSIVE: Is The RealReal, Phillip Lim Resale Partnership a Modern Solution in Difficult Times?

Phillip Lim embraces resale, partnering with The RealReal for an archive sale of season’s past.

12 items that are free or cheaper during pandemic

The coronavirus chaos has brought in some discounts and freebies

Nordstrom Needs to Bring Back What Made it Special

Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why. 

Otrium is Trying to Solve Fashion’s Inventory Problem

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

Wanted: Vibrant creative industry

Recently, President John Magufuli and Tourism and Natural Resources minister Hamisi Kigwangwalla called for a return to a degree of normal-cy in the Tourism business.

ArchDaily X LifeCycles: The Future of our Environment

Watch the ArchDaily x LifeCycles panel discussion. David Gianotten, Sinus Lynge, and Lina Ghotmeh discuss the future of our environment.

ArchDaily X LifeCycles: The Future of our Environment

Watch the ArchDaily x LifeCycles panel discussion. David Gianotten, Sinus Lynge, and Lina Ghotmeh discuss the future of our environment.

"It's wonderful to see passion and creative energy," says Dezeen Awards 2020 judge Steve Trstenjak

As we count down the days to the Dezeen Awards 2020 deadline, Steve Trstenjak of Woods Bagot says that he’s hoping to see an "emphasis on sustainability."

EIT Digital Challenge: Previous winners share their experience

The EIT Digital Challenge is a fast-paced and exciting competition, in which high growth European tech startups can win a full-year of acceleration worth €50K, access to EIT Digital’s innovation network and international visibility (and, if you are the top selected startup, a further €100K). Appl

A.O. Smith partners with FoxyMoron to enhance digital presence

The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement

#ARM Worldwide bags social media mandate for MTV India

The agency will be responsible for taking care of the social media marketing strategy for MTV India

Sagnik Ghosh joins Liqvd Asia as managing partner

Ghosh will help build the communication across verticals like media planning and buying, performance marketing, brand strategy

The Blueprint For Rethinking Main Street

Now that stay-at-home orders are being lifted, Hunter Hall of the Main Street Business Improvement Association discusses what recovery should look like for SMBs.

Work-from-home emergence prompts rethink on designs, project locations

Developers are redesigning their projects prompted by buyers' emerging needs as a result of working from home.

SheShed Welcomes Government Announcement Removing Consent Requirements For Low Risk Buildings

New Zealand business SheShed welcomes the New Zealand government’s announcement that ‘low risk buildings,’ or single story buildings of up to 30 square metres such as sleepouts, carports or sheds, will no longer need a council approved building consent.

Tourism Kamloops launches survey to gauge reopening comfort levels

As COVID-19 pandemic restrictions are lifted and Kamloops prepares for businesses to begin using sidewalks and parking lots, residents are being asked what

Wyndham welcomes 11 new-build US properties in first quarter

Over 25 new-build hotels were also signed over the same period, and another ten began construction…

Distressed real estate market beckons opportunistic buyers

Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.

Higher prices on the menu as restaurants open doors

As restaurants across the capital reopen to reduced seating and higher costs for food and pandemic safety, some diners will have to brace for higher bills — either immediately or in the near future. . .

Hotels become cheap enough to buy during COVID-19 - VietNamNet

Though receiving some guests during the April holiday, hotels are still not doing well. Some have had to close and others are operating at a moderate level.

Banks approve 90% of applications to defer mortgage payments

Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...

CBN okays reliefs on loans in OFIs sector - The Nation Nigeria

The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%

Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free

In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted

CBN reduces interest rate on OFIs facilities to 5% per annum

CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.