US-China tension to push Asian shares lower in choppy trade

All eyes are now on Friday's press conference hosted by Trump where he will address his response to China over its treatment of Hong Kong.

Wall Street retreats ahead of Trump's response on Hong Kong

President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.

'In battle between actual and perceived risk, gold to remain directionless'

A substantial correction in gold will only be seen when investors chose to exit the metal.

Wall Street ends down in late selloff; Facebook and China weigh

The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.

Asia shares fall as US-China tensions douse rally on Wall St

Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.

Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus

Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials

Asia Session: Asia Booking Profits Ahead Of The Weekend

Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, AUD/USD, XAU/USD, S&P/ASX 200. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com

Top 5 Things to Know in the Market on Friday, May 29th

Top 5 Things to Know in the Market on Friday, May 29th

Stocks - Wall Street Falls at Open on Profit-Taking; Trump China Briefing Eyed

Stocks - Wall Street Falls at Open on Profit-Taking; Trump China Briefing Eyed

Gold - Patience Is A Virtue

Commodities Analysis by Florian Grummes covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Florian Grummes's latest article on Investing.com

Stocks - Europe Lower Amid Nervousness Ahead of Trump Statement

Stocks - Europe Lower Amid Nervousness Ahead of Trump Statement

Metals Nearing Critical Momentum For New Parabolic Rally

Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com

Dollar in narrow range as focus shifts to Trump's China response

Dollar in narrow range as focus shifts to Trump's China response

Stocks - US Futures Lower; Consolidating Ahead of Trump Speech

Stocks - US Futures Lower; Consolidating Ahead of Trump Speech

EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates

The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25

WTI slips below $34.00 amid risk reset in early Asia

WTI extends its declines from $34.34 to $33.56 amid the initial Asian session on Friday. In doing so, the oil benchmark probes the previous day’s reco

Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains

Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity

GBP/JPY keeps the lower high formation above 132.00 as risk remains heavy

GBP/JPY declines 132.38, intraday low of 132.33, down 0.20% on a day, amid the initial Tokyo open on Friday. In addition to the upbeat economics from

GRAINS-Corn set for biggest weekly gain in more than 7 months

SYDNEY, May 29 (Reuters) - U.S. corn futures rose for a fifth consecutive session on Friday as concerns about adverse weather impacting crops pushed the grain towards its biggest weekly gain in more than seven months.FUNDAMENTALS* The most active corn futures on the Chicago Board Of Trade were up more than 3% for the week, heading for their biggest weekly gain since October 2019.* Corn was up 0.5% at $3.29 a bushel by 0106 GMT after rallying more than 2% on Thursday, when prices hit their highest since April 23 at $3.30-3/4 a bushel.

Gold picks up a bid amid losses in the US stock futures

Gold, a traditional safe-haven asset, is drawing bids as the US stock futures are signaling risk aversion. The yellow metal is trading at $1,720 at pr

USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out

USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E

AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment

While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f

Gold: Patience Is A Virtue

Gold has been treading water for weeks now and seems to be slightly stuck above US$1,700. The weekly chart is still bullish, and the daily chart is neutral. U.S

USD/IDR Price News: Indonesian Rupiah remains flat despite central bank's bullish comments

The Indonesian rupiah is trading in the sideways manner around 14,760 at press time. The currency has been restricted to a narrow range of 14,740-14,7

Outlook & trading strategies for Silver, crude oil by Tradebulls Securities

The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic

Global stocks slip as markets await Trump's HK response

SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...

WTI Price Analysis: Oil eyes record monthly surge

While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin

Stocks slip as markets await Trump’s Hong Kong response

Sino-US tensions outweigh optimism over re-opening.

Stocks slip as markets await Trump’s HK response

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.

NZD/USD faces a tough barrier around 0.6230 – UOB

NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “

US stocks end lower as China tensions end three-day Dow streak

NEW YORK: Wall Street stocks ended lower on Thursday (May 28) following a late-afternoon retreat on growing US-China tensions, as markets digested ...

Natural Gas Price: Room for extra pullbacks

Open interest in Natural Gas futures markets increased for the second session in a row on Thursday, this time by around 30.6K contracts. In the same d

USD/JPY: Extra consolidation remains the name of the game – UOB

In opinion of FX Strategists at UOB Group, USD/JPY is still seen navigating within the current consolidative theme in the next weeks. Key Quotes 24-ho

U.S. Stock Market Regains Lead As Top Global Performer For 2020

The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat

WTI struggles to cheer USD weakness, drops 1.40% in Asia

WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea

Macro Afternoon

A flat end to the week as the window dressing month end meme takes place across risk assets with most stock markets pulling back here in Asia. Besides the usual end of month reshuffle, risk is still waiting Trump’s policy announcement on China, but it seems he’s too busy having a dummy spit about Twitter instead.

EUR/USD: Busted through the 200-day ma scope for the 1.1240 December high – Commerzbank

EUR/USD has at long last taken out the 200-day ma and its current May high at 1.1012/19 with gusto, with scope for the 1.1240 December high, Karen Jon

Tokyo shares snap 4-day winning streak amid U.S.-China tensions

Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…

Dollar in narrow range as focus shifts to Trump’s China response

The local currency shone on Thursday, gaining traction versus the dollar, amid trivial activity. Despite demand for dollars from the corporate and interbank players, the shilling was propelled to close at the 3775-3785 levels as the market was crammed with end month foreign currency inflows. Ahead of the weekend, the home unit may hold on to its recently acquired gains and possibly set new ranges. The dollar was hemmed into a narrow trading range yesterday as traders’ focus shifted to U.S. President Donald Trump’s response to China’s passage of a national security law for Hong Kong. The greenback was on course for a weekly loss against major currencies as progress in lifting coronavirus lockdowns and stimulus plans in Europe weakened demand for safe havens, but the mood could quickly worsen if Sino-U.S. tensions increase.

USD/JPY drops to near 2-week lows amid escalating US-China tensions

The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea

BoC: The most depleted stockpile of monetary policy ammo any modern governor has inherited – NBF

Warren Lovely and Taylor Schleich from the National Bank of Canada offer up some high-level commentary on how certain conditions evolved under Poloz’s

Seoul stocks end higher on finance minister's FX intervention comments

Seoul stocks ended slightly higher Friday, after South Korea's finance minister hinted at possible intervention in case of volatility in the local currency markets. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 1.06 points, or 0.05 percent, to close at 2,029.60. Trading volume was moderate at about 1.08 billion shares worth some 13.8 trillion won ($11.2 bil...

EUR/USD: The trend is positive but a setback is on the cards

Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-

US Dollar Index drops to 2-month lows near 98.20 ahead of Trump

The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2

USD/CNH: Extra gains need to clear 7.2000 – UOB

According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo

Tokyo stocks close lower on US-China tension

TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...

AUD/USD bulls flirt with 200-DMA, around 0.6660 region

The AUD/USD pair climbed to session tops, around the 0.6660 region in the last hour, with bulls making a fresh attempt to extend the momentum beyond t

Asia shares fall as U.S.-China tensions douse rally on Wall St

Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.

World shares fall as Hong Kong, U.S.-China tensions weigh

Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.

US-China tension to push Asian shares lower in choppy trade

Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...

Stocks slip as investors await Trump's Hong Kong response

LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.

USD/CAD holds steady, up little around 1.3770 amid weaker oil prices

The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall

Market Pulse on May 28th

S&P 500 3029,73 -6,40.

The close: TSX ends lower, crude has best month on record

U.S. stocks finish mostly higher as investors take in latest Trump news

USD/JPY: Below 107.31/21 the risk turns lower – Credit Suisse

USD/JPY has broken its uptrend from March to turn the risk lower with support seen at 106.77/74, the Credit Suisse analyst team report. Key quotes “Be

EUR/USD climbs to 2-month tops beyond 1.1100

The upside momentum in the shared currency remains everything but abated on Friday and is now lifting EUR/USD to fresh tops in levels beyond 1.1100 th

GBP/USD: Above 1.2363 would break the March downtrend to re-expose the April highs at 1.2643/48 – Credit Suisse

GBP/USD is seen at risk of breaking above 1.2363, its downtrend from late March, which would re-expose the April highs at 1.2643/48, economists at Cre

Gold clings to gains near session tops, around $1725 region

Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me

GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"

The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness

EUR/USD Forecast: Looking for a Fresh Chance to Buy

The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy

Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again

The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads

WTI drops 4% and eyes $32 mark amid risk-off, weakening demand

The selling pressure around WTI (July futures on Nymex) accelerates following the break below the 33 level, as bears now target the 32 support zone he

Gold price flat ahead of Trump’s Hong Kong response

Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.

Tokyo stocks open lower on US-China tension

Tokyo stocks opened lower on Friday, tracking falls on Wall Street on rising tensions between the US and China.

Buy Foot Locker For 50% Upside as the Economy Reopens

Beaten and bruised FL stock is ready to rip higher as the U.S. economy reopens and rebounds in the coming months. Foot Locker has 50% upside.

USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply

The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m

Gold prices up as markets cautiously await Trump's response on HK

US gold futures rose 0.7 per cent to $1,739.60.

Discounted Alibaba Stock Is a Tempting Buy Now

Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.

Have No Fear Of Missing Out

The S&P 500 appears to be breaking out to the upside. New all-time highs ahead? The fundamental reality not only challenged but is also in sharp contrast to rec

New York gold traders are drowning in a glut they helped create

Shutdowns strangle supply routes that allow physical bullion to move around the globe

When is the Canadian GDP report and how could it affect USD/CAD?

Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C

Hong Kong’s Turmoil Makes EWH a Profitable Put Play

With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.

3 of the Best Breakout Stocks to Buy Now

Bulls are knocking on the door of resistance in these three breakout stocks. Here are the levels to watch, and how to trade them.

Stocks quickly cutting losses ahead of Trump's China press conference

Stocks were lower on Friday as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.

4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER

Uber, Occidental Petroleum, Canopy Growth and Zscaler are our top stock trades for Monday. That said, let's look at the charts for the group.

Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday

The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.

Bitcoin’s Funding is Flashing a Warning Sign After Rejection at Key Resistance

Bitcoin's rejection at $9,700 has coincided with funding flipping positive. This suggests that sellers are gaining the upper hand over buyers

Wall St ends mostly higher as U.S.-China spat simmers

U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.

Dead Cat Bounce or Real Rally?

Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.

Sundaram Finance posts Rs 131 crore net profit for March quarter

For the full 2019-20, the company registered a net profit of Rs 723.95 crore.

Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore

The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.

IIFL Finance March Quarter profit plunges 81% to Rs 59 crore

The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.

Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter

Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.

Sagar Cements Q4 profit down 94% to Rs 1.18 crore

The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.

Sundaram-Clayton Ltd posts 23.43% rise in Q4 standalone net

The city-based TVS Group company had registered net profits at Rs 50.27 crore during corresponding quarter previous year.

V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore

The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.

Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes

The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.

Auto Corp Goa Standalone March 2020 Net Sales at Rs 75.40 crore, down 29.79% Y-o-Y

Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore

The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.

IIFL Finance Consolidated March 2020 Net Sales at Rs 1,286.70 crore, down 7.93% Y-o-Y

IIFL Finance Standalone March 2020 Net Sales at Rs 774.65 crore, down 8.34% Y-o-Y

Wendt Consolidated March 2020 Net Sales at Rs 26.29 crore, down 28.87% Y-o-Y

Wendt Standalone March 2020 Net Sales at Rs 22.79 crore, down 29.9% Y-o-Y

Rain Industries Consolidated March 2020 Net Sales at Rs 2,897.65 crore, down 9.35% Y-o-Y

Procter & Gamble Health posts net profit of Rs 46.5 crore for March quarter

It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, Procter & Gamble Health said in a regulatory filing.

Ceat Consolidated March 2020 Net Sales at Rs 1,573.41 crore, down 10.63% Y-o-Y

Muthoot Cap Standalone March 2020 Net Sales at Rs 146.90 crore, up 7.67% Y-o-Y

Lupin Standalone March 2020 Net Sales at Rs 2,483.88 crore, down 16.42% Y-o-Y

Agro Tech Foods Standalone March 2020 Net Sales at Rs 204.67 crore, up 2.24% Y-o-Y

LT Foods Consolidated March 2020 Net Sales at Rs 1,197.95 crore, up 18.76% Y-o-Y

Hind Nat Glass Standalone March 2020 Net Sales at Rs 537.00 crore, down 15.34% Y-o-Y

RCF Q4 profit jumps nearly 3-fold at Rs 142 crore

Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.

KEC International Q4 profit down 3% to Rs 193 crore

The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.

Hold Dabur India; target of Rs 492: Arihant Capital

Arihant Capital recommended hold rating on Bajaj Auto with a target price of Rs 492 in its research report dated May 29, 2020.

Andhra Paper Q4 net profit up 55% to Rs 93 crore

Andhra Paper's total expenses stood at Rs 234.42 crore as against Rs 285.45 crore, down 17.87 per cent.

Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct

ICICI Direct is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 820 in its research report dated May 29, 2020.

Buy Sun Pharmaceutical Industries; target of Rs 540: ICICI Direct

ICICI Direct is bullish on Sun Pharmaceutical Industries has recommended buy rating on the stock with a target price of Rs 540 in its research report dated May 28, 2020.

Buy Radico Khaitan; target of Rs 400: ICICI Direct

ICICI Direct is bullish on Radico Khaitan has recommended buy rating on the stock with a target price of Rs 400 in its research report dated May 29, 2020.

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 29

Among sectors, except IT other indices ended in the green. BSE Midcap and Smallcap indices rose between 1-2 percent.

RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29

The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).

Hold Aarti Industries; target of Rs 1002: East India Securities

East India Securities recommended hold rating on Aarti Industries with a target price of Rs 1002 in its research report dated May 29, 2020.

Dilip Buildcon raises Rs 100 crore through NCDs

Highways builder Dilip Buildcon on Friday said it has raised Rs 100 crore through allotment of NCDs on a private placement basis. The company said it has allotted 1,000 Non Convertible Debentures (NCDs) of face value of Rs 10 lakh each.

Hold TVS Motors; target of Rs 318: Prabhudas Lilladher

Prabhudas Lilladher recommended Hold rating on TVS Motors with a target price of Rs 318 in its research report dated May 28, 2020.

Here's the list of outperforming stocks rising most since lockdown

Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market

Lupin’s Q4 net profit rises 35 per cent 

Pharma major Lupin Ltd has reported 34.5 per cent rise in its consolidated net profit to Rs 389.6 crore for the January to March quarter (Q4 FY20) as compared to Rs 289.5 crore in the corresponding period of previous fiscal.

Wipro shares jump 7 per cent on new CEO appointment

Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.

Stocks to watch: RIL, Voda Idea, Wipro, Voltas, YES Bank, Cadila Healthcare

Here's a look at the top stocks that may remain in focus today

TVS Motor shares dip over 3% as March quarter profit plunges 43%

The company said it had successfully transitioned to BS-VI

Rain Industries surges 17% on healthy operational performance in March qtr

The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.

CEAT up 6% on 14% YoY growth in Q4 EBITDA, partial resumption of operations

The company has resumed operations at most of its factories with easing in lockdown restrictions, and is gradually witnessing pick up in demand as well, Kumar Subbiah, CFO of CEAT said

Lupin Q4 results: Net profit rises 35% to Rs 390 crore

Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.

Lupin Q4 results: Consolidated net profit rises 35% to Rs 390 cr; income from operations marginally down

Drug firm Lupin has reported a 34.55 percent rise in its consolidated net profit to Rs 389.63 crore for the quarter ended March 2020 mainly on account of robust sales in the domestic market and lower tax expenses

Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses

In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees

Blue Star to raise Rs 300 crore via NCDs

Covid-19 impact: IndiGo, SpiceJet may clock combined Q4 loss of Rs 3,350 cr

According to Elara Capital, IndiGo and SpiceJet could report a cumulative net loss of Rs 3,350 crore in Q4FY20, as against a profit of Rs 570 crore in Q3FY20 and Rs 650 crore in Q4FY19.

Vodafone Idea stock jumps 35% on report of possible stake sale to Google

Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt

Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn

Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion

ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%

Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore

Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales

On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.

Moody’s downgrades IIFL Finance to B1

Moody’s has also downgraded the senior secured programme rating of India Infoline Finance to (P)B1 from (P)Ba3.

UPL rating: Neutral — Synergies drove results in quarter

High debt a key concern for company; ‘Neutral’ maintained with target price of Rs 424

Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points

Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.

Gold price dips marginally to Rs 46,929, silver gains

The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.

Indian rupee settles 14 paise higher at 75.62 against US dollar

Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.

Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200

Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.

'Global growth worries, US-China tensions likely to keep crude prices choppy'

We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.

Crude futures slip nearly 5% on demand concerns; gain 86.61% in May

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.

Sensex drops over 300 pts in early trade; Nifty tests 9,400 level   

Equity benchmark Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries

Sensex surges 224 pts; Nifty tops 9,550-mark

Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.

Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech

If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels

Here's a derivative strategy on Tata Motors by HDFC Securities

Long build up was seen in the Tata Motor Futures' on Thursday where we have seen 67% (Prov) rise in the Open Interest with price moving up by 2.9%.

Business Live: Indian shares fall ahead of GDP data; Vodafone jumps

Updates from the world of economy, markets, and finance

Equity market records N29bn loss

Johnson Okafor Trading activities on the floor of the Nigerian Stock Exchange fell by 0.22 per cent on Thursday to halt its gaining streak as market speculators began profit-taking. Consequently,...

Share Market Update: Sensex ends 233 points higher, Nifty at 9,580; Wipro, BPCL, ONGC, Indian Oil top gainers

Stock Market LIVE Updates:

Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%

At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400. 

Rupee rises 7 paise against the US dollar; all eyes on GDP data

“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.

What's the cost of Covid lockdown? Today’s GDP data will give an idea

To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.

U.S. Stocks Expensive Any Way You Cut It, Says Oxford Economics

Stocks in the U.S. are expensive on a range of valuation multiples and could come under pressure as geopolitical tensions escalate, according to Oxford Economics.

Rupee rises 11 paise to 75.65 against US dollar in early trade

The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.

Markets Weaken On Opening Session As Sensex Slips 247.86 Points, Nifty At 9438 Points

The stock market was pulled down as Infosys and Axis Bank slipped 2 per cent each respectively, while Vodafone Idea soared 10 per cent on news that Google is interested in buying a 5 per cent stake in the company.

Auto index outperforms benchmark Sensex for second straight month

In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)

ASX climbs 4.2pc in May as fallen stocks find favour

A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.

Crude has best month on record in May as prices surge 88 per cent

Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.

Pharma shares in focus: Cipla, Aurobindo Pharma hit 52-week high

Dr Reddy's, Divis Labs, Biocon, JB Chemicals, Caplin Point Lab, Aarti Drugs, Indoco Remedies, RPG Lifesciences and Glenmark Pharma were up in the range of 3% to 5%.

Foreign Stakes in Top India Firms at 5-Year Low on Risk-Off Mood

Holdings of global funds in the Nifty-500 Index fell 140 basis points during the three-month period to an average 21 per cent, analysts wrote in a note.

Rupee: Go long above 75.6

The rupee (INR) has opened the session marginally higher at 75.7 compared to Thursday’s close of 75.76 against the dollar (USD). But it continues to stay within the range 75.6 and 76.If the rupee gain

Nifty 50 June Futures (9,404)

The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A

Rupee settles 14 paise higher at 75.62 against US dollar

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest

Rupee settles 14 paise higher at 75.62 against US dollar

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.

Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action

KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.

Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence

Market LIVE: Sensex ends 600 pts up from day’s low, Nifty settles at 9,568; HDFC, ITC among top contributors

Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 turned positive in the late afternoon deals on Friday. Nifty 50 index reclaimed 9,500-mark to trade at 9,521

RIL, HDFC Bank send Sensex 300 points down; check what’s dragging markets today

Among top Sensex losers, Axis Bank was followed by IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, Tata Steel and HDFC, down in the range of 2-3 per cent.

Sensex drops over 300 pts in early trade; Nifty tests 9,400 level

Equity benchmark Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets. After touching a low

Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks

The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).

Markets march higher for third day; post weekly gains

India Business News: Equity benchmarks finished in the green for the third session on the trot on Friday as investors scooped up FMCG, finance and banking stocks despite n

Sensex surges 224 points; Nifty tops 9,550-mark

Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets. After gyrating 656.72

This telco stock has doubled in two months; eyes fresh highs

Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year

Rupee rises 11 paise to 75.65 against US dollar in early trade

The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors

Bharti Infratel share price doubles from March lows, stock gains 8% today; check new target prices

Brokerages seem to be bullish on Bharti Infratel stock and see the upside of nearly 23 per cent. Amid lockdown restrictions, Bharti Infratel last month extended its deadline for completion of a merger with Indus Towers to June 24.

Sensex, Nifty close higher for third straight session: Key factors behind the share market rally

Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks

Gold prices jump today as investors seek safe-haven assets amid heightened US-China tensions

The gold prices on the MCX inched higher as overnight COMEX gold appreciated due to worsening economic data from the US and trade relations with China

Nikkei dented by US-China tensions, but scores best month since 2015

Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark

Market watch: KSE-100 rises despite rupee depreciation

Benchm­ark index gains 235.81 points to settle at 33,931.23

Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove

Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each

Late surge in share prices helps markets improve returns scorecard in May

A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%

Markets buck global trend, march higher for third day

On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.

Capitec sends out Covid-19 warning

Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.

GDP numbers: Data collection affected due to COVID-19 outbreak, says government

The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.

Q4 GDP data today: Why does the growth number matter to us?

Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.

Modi Govt 2.0 | Bold steps with a focus on long-term reforms

The Narendra Modi-led government has enacted several vital reforms and taken long-term policy decisions aimed at restructuring the economy

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.

Restarting The American Economy: The Most Essential Factors

According to some sources, unemployment is expected to reach 25.2% by the end of this year.

Council may find it difficult to raise GST rates

 The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

Unprecedented unemployment

One in every four Indians is unemployed now. The coronavirus-induced lockdown for the longest period in the world has triggered job losses

Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll

Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll

Debt relief plans for world's poor countries inch forward

Plans for debt relief for the world's poorest countries inched forward as private creditors laid out a blueprint for their involvement, though it...

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists

FSDC meet: Govt, regulators to step in with more liquidity measures

Both the Centre and the regulators have stepped up focus on “avoiding a prolonged period of dislocation in financial markets”, the council added.

India's economy may have grown at slowest in 2 years during March quarter

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago

Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.

Pakistan to float $1.5b Eurobonds

Move comes after inflow of hot foreig­n money proved costly

GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years

Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.

Exports to stay low due to liquidity woes

Busine­ssmen term zero-rating indisp­ensabl­e to remove hardsh­ips

India’s economy seen slowing rapidly in March quarter, with worse to come

Economists expect worst financial contraction in four decades

Budget 2020: FG in fresh bid to borrow N5.51trn

THE Federal government has asked the National Assembly to approve a total of N5.51 trillion external borrowing to fund its 2020 budget

S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis

In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con

Commentary: Embattled China knows its national priority is the economy

Notwithstanding controversy over a Hong Kong security law and brewing tensions with the US, proceedings at the National People’s Congress and ...

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.

'Biggest Blow Since World War II': Danish Economy Expects 5.3% Nosedive

In what has been described as a marathon with no single solution, the Danish economy is expeted to shrink by over $15 billion in the aftermath of the novel coronavirus...

We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta

‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case

Expect no direct financial stimulus – Kasaija

Kampala, Uganda |  THE INDEPENDENT |  The Finance Minister Matia Kasaija has said that the government does not have a provision for any fiscal stimulus for businesses that have been affected by the impacts of the COVID-19 pandemic. Several economists and players within the private sector have been calling upon the government to consider giving economic …

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already

Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources

Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.

Japan’s low unemployment rate conceals deeper labour market pain

TOKYO, May 29 — Japan’s labour market in April appeared to be weathering a severe slowdown in economic activity due to the coronavirus pandemic, but a closer look at official data released today revealed a less rosy picture. Japan’s jobless rate rose to 2.6 per cent in April from 2.5 per cent...

Resurgent inflation would be very dangerous – Natixis

If inflation does return from 2021, the consequences could be very severe as a debt crisis would be inevitable, according to analysts at Natixis. Read

Finance ministry not in favour of raising GST rates on non-essential items

Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.

Debt relief plans for world's poor countries inch forward

Plans for debt relief for the world's poorest countries inched forward on Thursday as private creditors laid out a blueprint for their involvement, though it received immediate criticism for not going far enough.

Pakistan plans to raise $1.5bn in Eurobonds, officials say

Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With

Statistics Canada expected to report GDP down nine per cent in March

Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.

GST Council may find it difficult to raise GST rates

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April

Modi’s Rs 21 lakh cr package not enough; industry says govt needs to do this for companies to survive

Given the major disruptions caused by the coronavirus pandemic, the industry has asked for increased government spending, direct cash transfers to consumers, and deferment of taxes.

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

India quarterly growth worst in 2 decades as lockdown bites

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

India's economic growth dips drastically during coronavirus pandemic

Indian economy grew by 4.2% in fiscal year ending March, down from 6.1% previous year

US consumer spending sinks by record 13.6% in face of virus

Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.

‘Telling commentaryon BJP management’: Cong hits out after dip in GDP growth rate

Congress leader and former finance minister P Chidambaram blamed the government’s economic management for the new low in GDP growth.

GST hike on non-essential items unlikely despite falling revenues

Sources indicated that as of now there is no proposal to reduce GST rate on essential items, even as it is ultimately GST Council which will take any decision on changing the tax rates and not just the central government.

12-year low — and Before Covid

2019-20 economic growth tumbles to 4.2%

Financial Markets Continue To Rise Despite Dismal Employment Data

The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r

In Poland, key automotive industry has been hit most by crisis

Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.

Renault poised to announce 15,000 lay offs worldwide

Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the

Renault to cut 15,000 jobs

Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

French carmaker Renault announces 15,000 job cuts worldwide

Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global

Volkswagen spending $2.2 billion to expand in China’s electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

Nissan Shares Fall as Turnaround Spending Leads to Massive Loss

Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.

Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt

Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.

Renault poised to announce 15,000 layoffs worldwide: union

French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...

Coronavirus crisis: Renault to lay off 150,000 employees globally

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France

Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France

French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…

Renault poised to announce 15,000 layoffs worldwide

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.

Nissan falls behind rivals in industry's critical transitional period

Nissan Motor Co.'s business downturn may be causing a costly delay in the global race toward new mobility technologies, analysts say.

French Carmaker Renault Plans to Eliminate Nearly 15,000 Jobs Worldwide Amid Pandemic

Earlier, French President Emmanuel Macron said that authorities intend to send 8 billion euros to support the automotive industry.

VW spending $2.2B to expand in China's electric car market

BEIJING — Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic.

Renault announces nearly 15,000 job losses worldwide

Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.

Renault to restructure factories, confirms 15,000 job cuts

News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.

French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs

Top official admits that manufacturer had been spending way too much, plans 10% job cuts

French carmaker Renault announces 15,000 job cuts worldwide

PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.

Volkswagen invests €2b in Chinese electric vehicle sector

BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...

French carmaker Renault announces 15,000 job cuts worldwide

The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.

Renault to cut 14,600 jobs worldwide and lower capacity

Cost reductions aimed at outlasting the downturn that has rocked the auto industry

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...

French carmaker Renault announces 15,000 job cuts worldwide

Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain

Datsun brand will be withdrawing its operations from Russia

Renault announces 15,000 job cuts worldwide

The move is part of a two billion euro cost-cutting plan over three years.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros ($2.22 billion) in savings over the next three years. "We thought too big in terms of sales," said interim Chief Exe

Coronavirus effect: UK car production likely to drop to lowest level in decades

Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis

VW increases bet on China’s slowing electric vehicle market

German group will invest €2bn into growing presence in country despite hit from Covid-19

14,600 job cuts announced by Renault around the world, plans to save 2 billion euros

Renault has also announced a suspension of planned capacity increase projects in Morocco and Romania as well as further optimize its operations in Russia.

Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs

Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.

McLaren to reportedly cut about 30% of their employees

Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently

Renault plans to cut 14,600 jobs worldwide in race to reduce costs

The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion

March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print

A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).

Canada GDP in April fell a record 11% as COVID-19 shutters economy

Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.

Japan's Nishimura says Industrial Production is in severe condition

Japan's economy minister Yasutoshi Nishimura said a few minutes before press time that the country's industrial production is in severe condition, par

CBN forecasts slower growth, reduces lending rate to 12.5%

Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...

India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain

Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21

Q4FY20 GDP estimates out today: What's in store for India's economy

Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening

The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report

Economy worst in decade

Statistics Canada says the economy in the first quarter had its worst showing since 2009 as steps taken to slow the spread of COVID-19 forced businesses across the country to close their doors and lay off workers.

India's lockdown strictest; economic impact to be deeper than other countries: Jefferies

A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report

Covid-19 Hits G20 International Merchandise Trade In First Quarter

Covid-19 containment measures introduced in many countries in March 2020 hit G20 merchandise trade hard in the first quarter of 2020. Compared with the fourth quarter of 2019, exports fell by 4.3% and imports by 3.9%, and now stand at their lowest levels since the second quarter of 2017. Early indications for April point to more precipitous falls in the second quarter, with Korean and Japanese exports, for example, falling 21.5% and 10.6%, respectively, compared with March 2020.

StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1

OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.

Video | Cement companies report concrete gains despite weak volumes in Q4

Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs

SPECIAL REPORT: Oil prices volatility deflates Nigeria’s GDP

THE Nigerian economy has been facing challenges for the past five years following its over dependence on oil as a major source

I am cautiously optimistic about demand revival in H2: TVS Motor CEO

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

Latvian GDP contracted by 1.5% in first quarter

Data compiled by the Central Statistical Bureau (CSB) show that in the first quarter of 2020, compared to the first quarter of 2019, gross domestic product (GDP) decreased by 1.5 % (according to seasonally and calendar non-adjusted data).

India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis

India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)

India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20

India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.

Lockdown effect: Core sector output crashes record 38.1% in April

Infra segment hurt the most as cement and steel output tank by more than 80 per cent

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.

Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid

As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector

GDP numbers reinforce belief that economy is headed for recession: Analysts

While estimates varied across brokerages and economists, the common thread that ran through the estimates was the fact that the economy is headed towards a recessionary phase

GDP data: Yet another huge knock for Modi govt's economic growth story

India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline

Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat

Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.

India GDP growth dips to 3.1 pc in Jan-Mar; 4.2 pc in 2019-20

The gross domestic product (GDP) had expanded by 5.7 per cent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.

India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy

In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter

India's GDP growth dips to 3.1% in January-March 2020; 11-year-low of 4.2% in 2019-20

India's economic growth slipped to 3.1 per cent in the January-March quarter of 2019-20 showing impact of COVID-19 pandemic. The gross domestic product (GDP) had expanded by 5.7 per cent in the

Covid-19 lockdown: FY21 GDP growth rate forecasts pose a big worry

However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent

India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy

India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.

Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?

The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21

Biz EOD: India's GDP growth lower than 2009; core industries' output declines; credit card, MSME loans fall

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision

Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.

Canada's economy shrinks 8.2% in Q1 2020

The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009

Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown

The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.

Kersia acquires Holchem to become Europe’s second biggest food safety company

Biosecurity and food safety company Kersia has acquired UK-based Holchem from Ecolab in a deal that will see it become Europe’s second largest food safety company.

'It is still too early to say that it is the end of the SIP trend'

SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.

Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays

Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.

Paris-based Neobrain snaps up €3 million to support employees during change

French HRtech startup Neobrain, which uses AI to support organisations and people during times of change and crisis, has secured €3 million of investment from French venture capital firm Breega. The startup will use the funds to expand internationally, grow its team and conduct more research on the

Slovak startup GymBeam nabs around €6 million for its fitness brand

Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi

The pandemic has tightened Putin's economic grip but spells trouble for the future

The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.

The pandemic has tightened Putin's economic grip but spells trouble for the future

The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.

The pandemic has tightened Putin's economic grip but spells trouble for the future

The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.

Industry chorus: Package not much help, govt must do the heavy lifting

The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.

Top biz headlines: Corona warriors for markets, Jet gets 7 new EoIs, & more

Here are the top 10 headlines on Friday morning

The PH economy amid COVID-19

After quarantine restrictions imposed in the middle of March, the Philippines is now slowly working its way around the coronavirus disease (COVID-19) pandemic with the loosening of restrictions to allow businesses even in several non-essential industries to restart operations, given health and safety protocols.  From a modified enhanced community quarantine, just recently, the Metro Manila Council, composed of the 17 mayors of the metropolis, have agreed to recommend the transition of the National Capital Region to a general community quarantine (GCQ) albeit still with limitations and restrictions by 1 June.  President Rodrigo is set to decide on the matter before the MECQ imposed in Metro Manila ends on 31 May. While a GCQ would allow more businesses and the economy to breath little following restrictions during the enhanced community quarantine, the COVID-19 crisis have no doubt gnawed at the country’s economic growth outlook as businesses reel from the impacts of COVID-19 measures such as lockdowns and travel…

Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.

SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com

Let’s speed up digital change at banks

There is space available for digital-enabled SME-focused entities to make headway

Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

India’s key growth engine grinds to halt in sign of slump

Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.

UAE job hires - Tech skills are the most wanted

But mid- to senior management positions are worst hit in this downturn, and more to come

India’s key growth engine grinds to halt in sign of slump

India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo

Indian IT eyes captives as global companies rejig operations

Global companies look to outsource work to large services firms to offset demand slowdown.

Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript

Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-

Neimeth’s share price rises by 114.6% in 2 months

Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....

After Infosys, now Wipro hires a Capgemini top executive as CEO & MD

Appoints French IT services firm's COO Thierry Delaporte for its top post

IPC maker DFI to deepen deployments in AIoT, 5G

IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.

Malaysia’s Statistics Department foresees recession in the next four to six months

KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...

Ethiopia secures $122 million from industry parks

The income has increased by 32 percent from same period the previous year, according to Lelise Neme, CEO of Industrial Parks Development Corporation the state agency in charge of building and managing industrial parks in Ethiopia. Built by the government focusing maily on jobs creation and boosting export earnings, industrial parks in Ethiopia are currently engaged in manufacturing of apparels, textiles and garment. One park (Bole Lemi -1) is dedicated for pharmaceuticals manufacturing.

Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet

Over 100 new cases have been linked to Coupang facilities.

India-dedicated funds attract zero investments in April due to Covid-19

This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes

Nissan tight-lipped about strategy for Africa as it ‘transforms’

After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.

Almost all firms 'forced to rethink tech priorities'

Global pandemic triggers shift to an almost completely digital working set-up.

Emerging trends in warehousing segment post Covid-19 lockdown

At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.

OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too

Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.

Tamil Nadu CM to invite 13 prominent tech companies to invest in state

The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India

Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals

The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi

Bank mortgage lending is drying up in South Africa

The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending. 

FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter

The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.

Buy United Spirits; target of Rs 650: ICICI Direct

ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.

What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.

Investors can participate in NIIT Tech share buyback through these 2 strategies

Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).

14 Return-On-Equity Champions With Warren Buffett Fundamentals

Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.

Banks’ asset quality ratios may worsen up to 600 bps: Fitch

The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.

FPIs sell over $2.6 billion of Indian bonds in May

India witnessed the highest FPI outflow from bonds among Asian peers this year followed by Indonesia that saw an outflow of $7.9 billion.

Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?

It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.

Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer

Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill

Are low-interest rates making you jittery? Consider P2P lending

Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses

Capital flows running out of steam as DIIs taper after FPIs

After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.

Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July

In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore

Generating Alpha Using CEFs

With volatility subsiding across financial markets CEF investors may be turning to other ways to generate returns over and above their beta exposure. We discuss

Arrowhead and Exemplar deliver better than expected results

But Covid-19 presents risks for the property sector.

VN corporate bond market turns gloomy because of Covid-19 - VietNamNet

The primary supply of corporate bonds has dropped sharply as the epidemic has upset enterprises’ business plans. Many have postponed bond issuance plans.

Google's interest positive but may not help solve Voda Idea's debt woes

Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note

Indian banks' asset quality pressure may last for at least 2 years: Fitch

Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.

Pacific Premier Bancorp's Temporarily Elevated Expenses, External Factors To Pressurize Earnings

The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors

Debt market’s love for G-Secs & PSU papers is here to stay

Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.

Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues

MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market

First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW

With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.

Limited impact on Vedanta operations due to coronavirus lockdown: Crisil

 The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the

Limited impact on Vedanta operations due to coronavirus lockdown: Crisil

Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.

Ecolab: High Multiple, 'Leaky Equity Bucket', Time To Cash Out

Ecolab has provided solid returns for shareholders over the last five years or more. Ecolab shares are trading at possibly unsustainably high multiples. A detai

Major Market Indicators Report June 2020: Downshifting To Neutral

U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing

Post-Covid retail loan losses may treble, hitting fintech lenders: CreditVidya

Much of the deterioration in loan quality is likely to be the result of loan stacking, or the practice of the same borrower having multiple outstanding loans from different lenders.

Covid effect? Debt Mutual Funds to face multiple headwinds

Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.

HDFC rating: Buy — Earnings reflected dull realty sentiment

Asset growth, likely to be soft for two quarters, will revive faster than peers; company to consolidate its positioning; ‘Buy’ retained.

Defend your hard-earned savings with Revix’s tokenised gold promotion

Invest in tokenised physical gold without any risk.

Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling

Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com

Point/Counterpoint: Value Vs. Growth

Point/Counterpoint: Value Vs. Growth

PAS collapse a dose of COVID-19 reality

Workers and investors - including one Rich Lister - have been reminded that firms in trouble before this crisis will struggle to emerge from it. 

The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript

The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -

Blackmores steadies the ship

The largest shareholder in Australia's biggest vitamins company is positioning for the future on many fronts.

Golar LNG Partners LP (GMLP) CEO Karl Staubo on Q1 2020 Results - Earnings Call Transcript

Golar LNG Partners LP (NASDAQ:GMLP) Q4 2020 Earnings Conference Call May 28, 2020 11:30 AM ET Corporate Participants Tor Troim - Chairman Karl Staubo - CEO Bria

DXC Technology Company (DXC) CEO Mike Salvino on Q4 2020 Results - Earnings Call Transcript

DXC Technology Company (NYSE:DXC) Q4 2020 Results Conference Call May 28, 2020 04:45 PM ET Company Participants Shailesh Murali - Investor Relations Mike Salvin

How investors learnt to love the rally in stocks

‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers

Dell Technologies' (DELL) CEO Management on Q1 2021 Results - Earnings Call Transcript

Dell Technologies Inc. (NYSE:DELL) Q1 2021 Earnings Conference Call May 28, 2020 5:30 PM ET Company Participants Rob Williams – Head-Investor Relations Jeff Cla

Czech Billionaire Bets Big on Industries Other Investors Avoid

Daniel Kretinsky's latest contrarian move: U.S. retailers.

Wale Jana sends heartfelt apology to his investors

Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money

The wealthy will be on governments' radars in COVID-19 response

Taxes will be an obvious route for governments, and so will appropriation, says Citi

Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions

Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.  

Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar

‘We have had a very good winter harvest this time

India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain

‘Sectors where the fixed costs component is higher will be hit sharply

Stocks To Buy In A Post-Pandemic World

The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in

Auto sector will feel the maximum pain this year: Prashant Jain

‘The impact on wages is significant and auto is a discretionary product

NEA: I See Reasons To Remain Long

NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie

Old style value investing doesn’t work anymore, says Damodaran

Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.

How This Week Highlights the Challenges Facing General Electric Stock

GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.

A case study in how not to invest in bank stocks

Stay clear of these complicated investments

'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA

'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA

Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11

Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com

No Bombshells From Trump, FX Rally In Relief

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

Forex - Dollar Drifts Lower in Tight Trading Ranges

Forex - Dollar Drifts Lower in Tight Trading Ranges

Rand, stocks drop with focus on US response to China over Hong Kong

The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.

European stocks rise for fourth day on healthcare bounce

FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...

Sterling rises 0.5pc versus weaker dollar, flat versus euro

LONDON, May 29 ― The pound rose around half a per cent against a weaker dollar yesterday, but was little changed against the euro, as Brexit-related risks and speculation about negative interest rates continue to limit the pound's gains. The safe-haven dollar fell to a near two-month low as...

Federal Reserve adds just $1bn of new corporate debt to balance sheet

Only modest use made of US central bank’s emergency lending facilities in the past week

Dollar bides time, yuan falls before Trump takes stage on China

TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.

More central banks eye yield curve control. How does Japan's work?

TOKYO — The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.

Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement

Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re

Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds

A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly

Budget deficit hits $40b and still rising

The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.

Banks' $47b bonanza as buyers back recovery

Growing optimism that the economy will emerge from the pandemic in better shape than previously expected triggered a monster bank buying spree.

EU Delivers Comprehensive Fiscal Rescue Package

In my view, the package, dubbed Next Generation EU, represents a significant step to bolster Europe's economy and show unity. The European Commission stated tha

Yen perks up, dollar sags as markets jittery before Trump speaks on China

TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...

Euro business loans up as firms seek cash to weather virus

FRANKFURT, May 29 — Growth in lending to eurozone businesses continued to accelerate in April as companies sought funds to cope with the tough coronavirus lockdowns which hit activity, European Central Bank data showed today. Loans to non-financial firms added 6.6 per cent year-on-year in April...

What every Canadian investor needs to know today

A look at the morning’s market action

Italian BTP yields flatten after strong issuance

LONDON — Italian government bonds stabilized on Friday after a new issuance and as investors waited for a European Commission rescue plan to take form, with yields across the euro zone mostly neutral.

Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals

Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.

Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions

Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year

Goldfinch Partners acquires payments fintech Vesta

Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.

Marqeta lands $4.3bn valuation thanks to mystery investor

Marqeta, the California-based card-issuing platform, has landed $150 million from an undisclosed investor, valuing the company at $4.3 billion.

Meniga lands $9.4m from Groupe BPCE, UniCredit and Crédito Agrícola

Meniga, an Iceland and UK-based digital banking and personal financial management (PFM) software provider, has landed $9.4 million (€8.5 million) in a strategic investment round led by new backer Groupe BPCE, France’s second-largest banking group.

Starling Bank lands £40m from existing backers

Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.

Deutsche Börse signs market data deal with Chinese firm Wind

Deutsche Börse has signed an agreement with Chinese financial data provider Wind to grant Chinese investors greater access to European markets.

SDF Invests $550K In SatoshiPay For B2B X-Border Solution

The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.

Biggest technology acquisitions 2020

We round up the biggest technology industry mergers and acquisitions of the year so far

Text Message Finance: Stackin’ Raises $12.6 Million

Stackin' has raised a $12.6 million Series B funding round led by Octopus Ventures, according to a company release. Other investors in the funding round includ

Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs

Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin

How private equity is a risky play for the economy and jobs

Beyond the stock market and big banks, one of the biggest players in the economy operates with no regulation and an often-destructive track record.

Robinhood Names Surabhi Gupta as VP of Engineering

Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.

LG Joins Google, IBM, Boeing in Hedera Hashgraph’s Governing Council

International giant LG Electronics joined the Hedera Governing Council. The inner company body is set to deal with and oversee the governance of the

MaiCapital Launches Bitcoin-Based Quant Fund

MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.

Starling Bank raises £40m as it lends to virus-hit small businesses

Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.

CBA offers $150,000 in seed funding to startups helping small businesses

Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.

These were the 10 biggest European tech stories this week

These were the 10 European tech stories this week

Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding

The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).

Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts

Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.

Wipro's new CEO: Can foreign executives succeed in Indian IT firms?

Wipro's peers TCS and HCL Tech have always placed faith in long-timers.

Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte

Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.

Capgemini's top executive Thierry Delaporte is new Wipro CEO

Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines

Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD

India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,

Thierry Delaporte appointed as CEO and Managing Director of WIPRO

Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June

Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.

Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD

Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6

Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

India's Wipro names new CEO; Thierry Delaporte to take over July 6

Thierry Delaporte to join from Capgemini and will be based in Paris

Wipro appoints Deepak M Satwalekar to its Board of Directors

Deepak M ​​Satwalekar has been the Managing Director of HDFC Ltd and subsequently the Managing Director and CEO of HDFC Standard Life Insurance Co. Ltd. He has also been a consultant to the World Bank, the Asian Development Bank, the United States Agency for International Development (USAID) and the United Nations Human Settlements Programme (UN-HABITAT), the statement said.

Wipro appoints Thierry Delaporte as new CEO and MD

Wipro's 3-month old leader hunt comes to an end

Former HDFC executive Deepak Satwalekar appointed to Wipro’s Board

Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts

Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete

Who is Wipro’s new MD and CEO?

Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.

Wipro appoints Thierry Delaporte as CEO & Managing Director

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio

Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss

Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.

Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte

Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years

35% Gain Possible For PVH Corp Stock Post-Covid?

Comparing the trend in PVH Corp stock (formerly known as Phillips-Van Heusen Corporation, owns brands such as Van Heusen, Tommy Hilfiger, Calvin Klein, to name a few) over recent months with its trajectory during and after the Great Recession of 2008,we believe that the stock can potentially gain...

Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand

During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.

First Solar Stock Set To Surge To Pre-Covid Peak Of $57?

Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...

Aussie shares slip early after Wall St stumble

The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.

Amazon Faces A Brand New World

The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and

Hoegh LNG Holdings Ltd. (HOLHF) CEO Sveinung J.S. on Q1 2020 Results - Earnings Call Transcript

Hoegh LNG Holdings Ltd (OTC:HOLHF) Q1 2020 Earnings Conference Call May 28, 2020 03:00 AM ET Corporate Participants Sveinung J.S. - CEO Håvard Furu - CFO Presen

Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript

Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and

Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript

Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive

NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript

NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,

TripAdvisor: Travel Rebound Play

TripAdvisor has permanently stripped out $65 million in operating expenses. Travel is starting to rebound as the CDC confirms COVID-19 pulled forward deaths of

The Topsy-Turvy S&P 500 Earnings Picture

I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv

Costco Wholesale Corporation (COST) Management on Q3 2020 Results - Earnings Call Transcript

Costco Wholesale Corporation (NASDAQ:COST) Q3 2020 Results Earnings Conference Call May 28, 2020, 5:00 pm ET Company Participants Richard Galanti - Executive Vi

IDC: Hearables market sees growth, but smartwatch sales decline in Q1 2020

The first quarter of 2020 had the wearables market see a significant growth despite the ongoing Coronavirus pandemic. According to an IDC report, the hearables market has seen impressive growth during this time of crisis, while smartwatches and fitness trackers have seen a decline in sales. The hearables category includes all the headphones, earphones earbuds, …

Zscaler Stock Is Thriving as More People Work From Home

The cloud-based security upstart’s growth is set to accelerate with a little assistance from a nationwide lockdown.

2 Stocks I'll Hold Forever

These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.

Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward

Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.

Resilient Square Stock Will Defeat the Bears

SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.

Why Tech Stocks DocuSign, CrowdStrike, and Zoom Video All Closed Higher on Friday

Next week is a big week for tech earnings.

Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia

After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.

Buy Federal Bank; target of Rs 54: Emkay Global Financial

Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.

Buy Federal Bank; target of Rs 67: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 67 in its research report dated May 29, 2020.

Buy Federal Bank target of Rs 55: Anand Rathi

Anand Rathi is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 55 in its research report dated May 29, 2020.

Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi

Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.

Buy Coal India; target of Rs 264: ICICI Securities

ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.

Buy Orient Cement target of Rs 65: Anand Rathi

Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.

Hold Wonderla Holidays target of Rs 145: Sharekhan

Sharekhan recommended Hold rating on Wonderla Holidays with a target price of Rs 145 in its research report dated May 28, 2020.

Buy Tube Investments of India; target of Rs 425: ICICI Direct

ICICI Direct is bullish on Tube Investments of India has recommended buy rating on the stock with a target price of Rs 425 in its research report dated May 29, 2020.

Buy TVS Motor Company; target of Rs 422: ICICI Securities

ICICI Securities is bullish on TVS Motor Company has recommended buy rating on the stock with a target price of Rs 422 in its research report dated May 29, 2020.

Buy Visaka Industries; target of Rs 250: ICICI Securities

ICICI Securities is bullish on Visaka Industries has recommended buy rating on the stock with a target price of Rs 250 in its research report dated May 29, 2020.

UCO Bank reduces repo-based lending rate by 40 bps

State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.

Bank of India cuts MCLR by 25 bps across all tenors

The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.

Buy Orient Cements; target of Rs 63: Cholamandalam securities

Cholamandalam securities is bullish on Orient Cements has recommended buy rating on the stock with a target price of Rs 63 in its research report dated May 29, 2020.

Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale

Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.

Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts

Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.

Govt discontinues 7.75 per cent Savings Bonds

Investors deprived of an attractive savings instrument

Yes Bank launches overdraft facility on FDs through digital channels

The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.

Yes Bank launches overdraft facility on FDs

Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.

PagSeguro Digital Ltd. (PAGS) CEO Ricardo Dutra on Q1 2020 Results - Earnings Call Transcript

PagSeguro Digital Ltd. (NYSE:PAGS) Q1 2020 Earnings Conference Call May 28, 2020 05:30 PM ET Company Participants Ricardo Dutra - Chief Executive Officer Eduard

Dumpster Diving: (Potbelly Corp. Edition)

Before COVID-19, Potbelly was showing tangible signs of a business turnaround. If you look at Q4 2019 results, the company had its best comps in three years at

Cresco Labs Inc. (CRLBF) CEO Charlie Bachtell on Q1 2020 Results - Earnings Call Transcript

Cresco Labs Inc. (OTCQX:CRLBF) Q1 2020 Results Conference Call May 28, 2020 5:00 PM ET Company Participants Aaron Miles - Vice President, Investor Relations Cha

Interviewing Etergo’s CEO: What The Ola Electric Acquisition Means For Etergo, Consumers, & Investors

Yesterday we were all surprised to learn that Etergo has been acquired by the Indian company Ola Electric. At the time, all we had was a vague press release from Ola Electric that only stated it had acquired Etergo and the two companies looked forward to working together. However, since that left us with more

Uber Jump e-Bikes Scrapped and Destroyed After Lime Deal

Outraging cycling enthusiasts.

COVID-19: Retailers struggle amid uncertainties about reopening, recovery of sales

SINGAPORE: John Ng was hoping to use 2020 to get his new company StyleLab off the ground. He had taken over the distribution rights to ...

How coronavirus is reshaping the mobility industry, from EVs to supply chains

The current crisis is first and foremost humanitarian, with 300k casualties to date worldwide and massive joblessness. It is also economic, with almost all companies having financial difficulties and many collapsing. However, a few sectors are currently booming (e.g. deliveries), some will benefit from a crisis-induced tailwind, while others will continue to suffer for years […]

The Smartest Stocks to Invest $2,500 Into Right Now

Your pocketbook will thank you if you hang onto these quality companies for the long term.

Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake

There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.

The 9 Best Cheap Stocks to Fill Up On Now

Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.

5 Quotes to Help Plan for Retirement

Wisdom from the world's wisest students of the market is surprisingly simple, even if difficult to adhere to.

Uber introduces a new hourly rate for longer, multistop trips

Uber will charge $50 an hour for these longer trips.

Sign of Some Upside Ahead for Boeing Stock

Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.

Continue Avoiding Carnival Cruise Stock for Now

Carnival is performing much better than a few months ago. But that doesn't mean CCL stock is a buy. Let's look elsewhere instead.

Southwest Airlines Stock Is a Survivor Worth Betting On

What doesn't kill a stock makes it stronger. LUV stock just survived the mother of all survival tests and it's on its way back.

Delta Stock Could Lead an Airline Rally

DAL stock could be one of the stars of an airline resurgence, but it's still a long-term play because the industry needs time to rebound.

How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock

Virgin Galactic remains an excellent speculative play and an even better holding with a well-conceived spread in SPCE stock.

Dell reports steady sales because of work-from-home trend

Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.

Simplo revenues to peak in 2Q20

Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.

Costco Wholesale revenue rises 7.3per cent on coronavirus-induced stockpiling

Warehouse club operator Costco Wholesale Corp reported a 7.3per cent increase in quarterly revenue on Thursday, as people stocked up on ...

Dell beats revenue estimates as remote working lifts workstation demand

Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...

Dell beats revenue estimates as remote working lifts workstation demand

ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...

Grupo Supervielle: 1Q Earnings Snapshot

BUENOS AIRES, Argentina (AP) _ Grupo Supervielle SA (SUPV) on Thursday reported first-quarter net income of $7.4 million. The Buenos Aires, Argentina-based bank said it had earnings of 8 cents per share. Earnings, adjusted for non-recurring costs, came to 26 cents per share. The results topped Wall Street expectations. The average estimate of three analysts …

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.5 cents on 122 million shares. B2Gold Corp. (TSX:BTO). Materials. Up 46 cents, or 6.45 per cent, to $7.59 on 72.6 million …

CWB Financial reports Q2 profit down as provisions for credit losses soar

EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.

CWB reports Q2 profit down as provisions for credit losses soar

CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.

Better Buy: Alibaba vs. Alphabet

These two technology giants are leaders in their respective markets. Discover what makes one a better investment choice.

10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk

When looking for penny stocks to buy under $5, you’ve got to go dumpster diving. That’s never an easy task when stocks aren't cheap.

Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade

Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.

Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High

Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.

Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats

Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.

Canopy Growth Earnings: CGC Stock Crashes 19% On Losses, Charges

Canopy Growth earnings has CGC stock taking a beating on Friday after the company reported major losses in multiple areas during the quarter.

Williams-Sonoma Earnings: WSM Stock Rallies 14% Following Q1 Topper

Williams-Sonoma (WSM) earnings for the retail company's first quarter of the year have WSM stock heading higher on Friday.

Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders

Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.

Sardinia-based IntendiMe raises €2.3 million for its hearing technology

Italian startup IntendiMe, which has created technologies for the deaf and hard of hearing, has closed a round of €2.3 million. The round was led by VV3TT (Vertis Venture 3 Technology Transfer), a venture capital fund focusing on technology transfer, which is managed by Vertis SGR and advised by Ven

FMG appoints Claire Owens as new managing director

Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.

Gov't committed to making Internet access a right, says minister

MINISTER of Science, Energy and Technology Fayval Williams says COVID-19 has brought into...

Telangana focused on holistic women empowerment: Jayesh Ranjan

 Women’s empowerment needs a full-360 degree approach that starts from school and guides them through their work life.

Govt announces package to boost arts sector

The government has announced a $175 million package to boost the arts and creative sector in the wake of Covid-19. This story was first published...

Govt announces package to boost arts sector

The government has announced a $175 million package to boost the arts and creative sector in the wake of Covid-19. This story was first published...

CBA says crisis reinforces its X15 mission to create new start-ups

CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.

SportSG announces $3m digital scheme

With the sports and fitness industry still largely shuttered, the fraternity was given a boost yesterday as Sport Singapore (SportSG) announced a new programme to help them go digital. The $3 million Enterprise Innovation and Capability Grant was rolled out by Minister for...

Stanbic IBTC Holdings celebrates digital graduate trainees

Stanbic IBTC Group recently held its first-ever digital graduation ceremony in honour of the 17th Stream of Graduate Trainees who.

Kāpiti Gateway Building Passes First Hurdle

The Kāpiti Gateway Building project has inched a step closer after Council granted approval today to apply to the Provincial Growth Fund for 50% of the estimated project cost.

Market Drayton launch new charity trust

Market Drayton Town are launching a charity trust aimed at growing links with the community by giving young people a unique opportunity to develop sporting and social interests.

‘Social IQ skills’ are the X-factor that women bring to tech companies

Apart from automation, technology needs soft and cognitive skills, believes HCl Technologies

Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM

In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.

Remote working could change how, and where, we earn a living

Covid-19 has given rise to a new era of remote working, potentially opening up more income, and regions, to New Zealand’s freelance economy.  For many of us, the only obstacle that ever stood in the way of a prosperous life in Dunedin was its tiny job market. Now, thanks to Covid-19 and the funda

Tristar Worldwide begins 45-day consultation process with workers

Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.

National's first economic policy under Muller's leadership: A $10k cash payment to businesses for every new full-time hire - payment capped at $100k

National's first economic policy under Muller's leadership: A $10k cash payment to businesses for every new full-time hire - payment capped at $100k

Fashion retailer PAS Group goes into administration

The company behind names like Review and JETS Swimwear has hoisted the white flag leaving 225 stores and 1300 staff in limbo.

Book your hotel room... But check in whenever

HOSPITALITY chiefs claim the Executive's decision to allow hotels in the north to take advance bookings "at risk" from June 8 but with no definitive dates is "causing confusion - and could lead to job losses on a massive scale".

'50pc is the new full' - Demand picks up for 'post-pandemic' staycations

Visitors are leaving the 'dreaming phase' and actively booking holidays.

Save-on-Foods ends hazard pay for staff, other grocers continue it

Essential service workers in the grocery sector receiving extra pay during the pandemic will be watching their paycheques in the coming weeks as companies re-evaluate how they compensate employees.. . .

Non-essential shops to reopen: What shops will it include and when will it happen?

The government has unveiled a full list of the shops which will be allowed to reopen in England under new guidelines from 15 June. The measures are part of the second phase in Boris Johnson’s roadmap

Sainsbury's new boss Roberts faces unexpected in-tray

When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...

Hostel owner Safestay positive it can welcome back guests under new plans

London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.

Nottingham council suspends tendering new contracts worth £25 million over coronavirus

“The current COVID situation means we wouldn’t be able to successfully run a re-tendering exercise"

Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound

U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the reopening of the economy revives demand and diminishes the need for money that comes with government strings attached.

Two million jobs could be lost by changes to the furlough scheme, experts warn

BRITAIN will be hit by as many as two million job cuts if the chancellor makes cuts to the furlough scheme, experts have warned. Rishi Sunak is this afternoon expected to announce employers will ne…

Need to know: Friday

The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.

Ifac advises Tipperary farmers about new TAMS 11 closing date

Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...

Labor calls to lift cap on home-loan deposit scheme to help construction

Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.

Qualcomm, Qorvo & Jabil: Apple Suppliers Have Been Left Behind From The Rally. Time To Buy?

Apple stock is up about 5% year-to-date, despite the Coronavirus pandemic, driven by its strong balance sheet and fast-growing services business, which makes it a safe haven of sorts. However, most of Apple’s suppliers have not fared as well. Our indicative list of 6 key suppliers for the iPhone...

VMware's (VMW) CEO Pat Gelsinger on Q1 2021 Results - Earnings Call Transcript

VMware, Inc. (NYSE:VMW) Q1 2021 Earnings Conference Call May 28, 2020 4:30 PM ET Company Participants Paul Ziots – Vice President-Investor Relations Pat Gelsing

Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript

Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo

TI rules the analogue roost

In 2019, TI’s analogue sales were directed to industrial applications (36% of revenue), smartphones and other personal electronics (23% of revenue), and automotive applications (21% of revenue).  All three application segments are highly profitable and afford it the best opportunities for growth now and into the future, the company said.

Origin turns to gaming to fend off disruption

Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.

FCCL maker Taiflex guardedly optimistic about 2H20

Flexible copper-clad laminate (FCCL) supplier Taiflex Scientific expects revenues for 2020 to grow slightly or at least stay flat compared to 2019 despite uncertainties in the second half of the year.

TI remains top analog IC supplier

With analog sales of US$10.2 billion and a 19% market share, Texas Instruments held a firm grip on its position as the leading supplier of analog devices in 2019, according to IC Insights.

Tower Delivers Solid First-half Performance

Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.

Tower delivers solid first-half performance

Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.

Apple tops wearables Q1 growth, but wristbands, hearables lead the segment

The International Data Corporation (IDC) report says smartwatches and basic ones registered a decline in growth, which was offset by wristbands and hearables.

7 5G Stocks to Buy for the Future of Telecom

Sure, many investors are still obsessing over the coronavirus, but it's time to invest in the future. That's why these 5G stocks are buys now.

HCL Technologies to buy Cisco's Self-Optimizing Network technology

Unlike its rivals, HCL Tech has bet big on selling products and platforms. As part of this strategy, it bought some IBM products for nearly $2 billion in 2018

The 5 Best 5G Stocks on the Market Today for Investors

From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.

US warns: Huawei 5G package is ‘obsolete by the time its operational’

Countries purchasing Huawei’s 5G wireless technology risk buying into a “China-only” telecommunications industry that lacks access to Western innovations, according to U.S. officials.

Oil Prices Rebound Nearly 90% In May For Best Month On Record

Prices increased by more than 5% on Friday.

Oil prices fall as U.S. fuel demand remains weak

Oil prices fall as U.S. fuel demand remains weak

Oil Posts Best Month Ever, Even As Rig Cuts Decline, Stockpiles Climb

Oil Posts Best Month Ever, Even As Rig Cuts Decline, Stockpiles Climb

India’s oil import bill falls 10 per cent in FY 20

At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country's advantage.

Oil rises about 2% as higher US refinery rates offsets surprise crude build

US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says

‘Oil revenue may drop further to 25 per cent of budget’

With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed

China, India soak up oil from floating storage as demand recovers

A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.

Crude Oil Futures: Further gains not ruled out

According to preliminary readings of crude oil futures markets from CME Group, open interest and volume rose by around 4.6K contracts and by nearly 45

Oil and gas geopolitics and its end

Let us see how oil barrel prices have really fluctuated in recent weeks: in April, in fact, the European and Asian Brent benchmark, in parallel with the US West Texas Intermediate (WTI), decreased by about 1 U.S. dollar per barrel a day.   The WTI, however, is a mixture of different light and sweet American crude […]

Fifty unsold cargoes of Nigeria’s oil await buyers in global market

The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market

Oil falls but set to post biggest monthly rise in years on output cuts

Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.

NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria

With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.

Crude oil prices fall but remains set for biggest monthly gain in years

US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.

Oil surges 88% in May, posting its best month on record

WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...

EU’s $826 Billion Recovery Plan Criticized over Lack of Cultural Funding

European cultural figures are protesting a new $826 billion recovery plan that aims to mitigate the economic fallout facing the twenty-seven member states of the European Union because of the coronavirus pandemic. While the relief package has been described as ambitious by lawmakers, representatives from the EU’s creative industries are saying it does not provide enough funding for the arts, failing one of the sectors worst hit by the ongoing global health crisis.“This is about all of us and it is way bigger than any one of us,” said Ursula von der Leyen, the European Commission president, as

COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres

“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.

U.N. calls on nations to take action in six areas to limit COVID-19's financial impact

May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.

UN secretary-general predicts 'historic' hunger in post-coronavirus world

United Nations Secretary-General António Guterres warned that the world is facing extreme crisis due to the coronavirus, despite scientific and technological advances. 

E.U.’s Coronavirus Recovery Plan Also Aims to Fight Climate Change

The proposed package would boost clean energy and transport to help the continent become carbon neutral by 2050

Covid-19 could cause $8.5 trillion loss in global output: UN Secretary General

US News: UN chief Antonio Guterres has warned that the Covid-19 pandemic could cause unimaginable devastation, usher in hunger and famine of historic proportio

Covid-19 could cause USD 8.5 Trillion Loss In Global Output: UN Sec Gen

UN chief Antonio Guterres has warned that the COVID-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of USD 8.5 trillion in global output

COVID-19 could cause $8.5 trillion loss in global output: UN Sec Gen

“Unless we act now, the COVID-19 pandemic will cause unimaginable devastation and suffering around the world. Hunger and famine of historic proportions. Sixty million more people pushed into extreme poverty. Up to half the global workforce – 1.6 billion people – without livelihoods,” Guterres said

Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief

Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis

Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN

Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University

UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic

Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.

'Saudi Arabia committed to work with others to address pandemic global impacts'

Al Jadaan highlighted the actions that the G20 has taken to respond to the health, economic and social challenges stemming from the COVID-19 pandemic.

COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres

He said the pandemic could usher in a loss of USD 8.5 trillion in global output  the sharpest contraction since the Great Depression of the 1930s.

Chile, Peru secure credit lines from IMF amid pandemic

The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.

A New 32GWh Gigafactory Will Build Sustainable Batteries In Norway

The Norwegian company Morrow Batteries is going to establish a new gigafactory, which will be located in the strategic Agder county. Their aim is to “revolutionize battery production and establish a more sustainable supply to European car makers”.

SAVE OUR LUNGS, SAVE OUR HEART – SAVE DEHING PATKAI

 By Joanna Dawson & Saurav Malhotra,The first quarter of 2020 ushered in an economic crisis second only to the Great Depression. This is no ordinary crisis, but an ecological crisis of deforestation and wildlife-human virus transmission that has

Andrew Liveras disgorges dog’s vomit on energy

At the AFR the bogus debate rolls on:

The green energy acceleration in the post-COVID-19 world

China to restrict expansion of solar equipment producers

BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.

COMESA: 630 million people living without electricity

COMESA region currently has the lowest electricity generation with approximately 630 million people living without reliable access to electricity and 790 million people forced to rely on solid biomass to cook their food and heat their homes. Studies show that about 1.3 billion people worldwide still lack access to modern energy. However, the situation is worse in the developing economies, where more than 70% of their people lack access to modern energy and 89% or more still rely on traditional biomass as the primary source of energy. Sub-Saharan Africa’s energy systems face an enormous challenge. Significant improvements have in the recent year been made in the generation capacity with the coming on stream of major power generation projects in many countries of Eastern Africa-Southern Africa-Indian Ocean region. These have been supported by various programmes such as the Project on Enhancement of a Sustainable Energy Market in Eastern Africa-Southern Africa-Indian Ocean Region (ESREM), funded by the European…

A low carbon future with district heating solutions

S Richmond explores ncertainty surrounding traditional fossil fuel heating systems, and how companies are implementing district heating solutions

China excludes clean coal projects from list eligible for green bonds

SHANGHAI (Reuters) - China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.

US tops upstream oil & gas CO2 emitters list — Canada has highest intensity, Norway lowest

US tops upstream oil & gas CO2 emitters list — Canada has highest intensity, Norway lowest

Vanadium Miners News For The Month Of May 2020

Vanadium spot prices were flat in May. Vanadium market news - New battery tech revives vanadium interest. Vanadium company news - AMG commits $140m for construc

3 Natural Gas Stocks for a Cleaner Future

Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.

Clean Cooking: 33 Solutions For One Renewable Energy Problem

The latest energy report from the International Energy Agency describes how much more pants-on-fire activity is needed to pump up the clean power trend on the heels of the COVID-19 crisis. For starters, at this rate an estimated 620 million people still won't have electricity by 2030. That's nothing to sneeze at, but it's small

The coming recession is the best reason to step up the pace of renewables investment

It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now

Vodafone Idea not considering any proposal from Google

On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.

Mubadala Investment Company eyes stake in Jio Platforms: Source

Abu Dhabi-based sovereign investor Mubadala Investment Company is in discussions to invest in Reliance Industries' digital unit Jio Platforms, a source said.

Vodafone Idea surges 35% on report Google eyeing 5% stake, trims gain later

The stock has been more-than-doubled from Rs 3.04 on April 1, as compared to a 13.4 per cent rise in the S&P BSE Sensex during the same period.

Google considering taking stake in Vodafone Idea: Report

A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.

Google mulls Vodafone Idea stake acquisition - report

Google plans to invest in Indian operator Vodafone India. The US giant seeks to acquire a 5 percent stake in Vodafone Idea, Financial Times reports, citing unnamed sources familiar with the matter. No financial details related to the planned transaction have been disclosed. 

Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities

The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.

No proposal before board now, says Voda Idea on Google picking stake in co

The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.

Merger of three state-owned general insurers on back burner due to Covid-19

Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year

Vodafone Idea issues clarification on reports of Google picking stake in company

Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before

Vodafone Idea dismisses report of Google buying stake

"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said

Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%

Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.

After Vedanta, Adani Power to go for delisting; board meet on June 3

The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.

Sebi warns TCS over disclosure of material information to investors

Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors

Euro zone companies tap banks for cash to survive pandemic

Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.

Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary

Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

Fed’s Mester Leans Against Yield-Control Move at June FOMC

Fed’s Mester Leans Against Yield-Control Move at June FOMC

CBA: Huge fiscal stimulus props up household income

Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:

Credit growth 'stops' in April

Lending growth froze in April for the first time since 2011 due to a plunge in credit card spending by shoppers during the coronavirus shutdowns.

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.

Don't Go All Negative On Me

Given the current state of the U.S. economy and the prior dislocations in the money and bond markets, there has been an increasing amount of chatter regarding w

Aussie credit growth screams deleveraging

Via the excellent Damien Boey at Credit Suisse:

Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst

Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis

Five Things You Need to Know to Start Your Day

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Goldman Sachs president says bank on track to meet growth goals

Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.

ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up

More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.

Due diligence important for residential real estate projects post COVID-19

The pandemic may impact cashflows to real estate projects with delays in customer collections and unwillingness of banks and NBFCs to provide further funding.

Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting

Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules

MCD unlikely to resume property tax collection from June 1

The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property

Banks free to do due diligence on guaranteed MSME loans

Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.

Investors could look at top-rated company FDs as options shrink

The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.

Income tax dept revises Form 26AS; now includes real estate, share transaction details

It will also assist the taxpayers to identify and take corrective action, in case any incorrect information/ detail is reported in Form 26AS

The Govt Just Axed Its Fucked Robodebt Scheme & Is Now Refunding A Casual $721 Million

The Australian Federal Government has today announced that they will refund the $721 million worth of funds recouped by the robodebt scheme.

US taxpayers' virus relief went to firms that avoided taxes

Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.

Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default

On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation

Soon Form 26AS to disclose more details from high-value deposits, expenditure to investments

Under the tax law, banks, mutual funds, companies and registrar, etc are supposed to furnish details of high value transactions

Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS

Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.

New comprehensive I-T form to come in handy for taxman

Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.

Amazon in talks for new office despite pandemic

Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.

NZ's largest furniture retailer to open, 180 jobs created

New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...

Tim Hortons planning next drive-thru on Boucher Road

CANADIAN coffee chain Tim Hortons is planning a new drive-thru in south Belfast amid a spike in demand for coffee-in-your-car during the Covid-19 pandemic.

Will London’s newest skyscraper become a monument to the market peak?

Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work

Stick or twist? Investors face coronavirus-induced property dilemma

LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.

Property investor IPUT increases revolving credit facility by €50m

IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.

Amazon in talks for new Dublin office even as virus hits

Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.

Newmark Capital tipped as buyer of $120m David Jones store

Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.

Third time lucky for discount king Dimmeys

The Zappelli family, owners of the under-liquidation Dimmeys discount retail chain, is selling a 3885 square metre landholding in Brunswick worth around $15 million.

Market Wrap: all the leasing and sales activities in and around Sydney

Leasing activity has been close to the city while key sales were recorded in Manly, Parramatta and Kings Park.

Developer offers tenants half-price rent at prime site

Rents are being cut in half in a new office development just south of Sydney's CBD.

Developers vow to keep building skyscrapers, even as tech firms ditch their offices

Construction projects in Toronto and Vancouver continue as companies embrace working from home

Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses

South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.

Finbond Group plans to sell its South African operation and delist from the JSE

Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.

Kogan Shares Soar To Record High

Kogan.com.au has noted unprecedented growth during the COVID-19 pandemic, and today the company’s share price soared by 5.2% to reach a record high of $11.11 as of 12pm.

Application for Coronavirus Alleviation Programme is free - NBSSI

Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.

State could see $16 million in coronavirus costs through September, panel told

Health insurance claims for 47,000 state employees stemming from COVID-19 illness could cost the state more than $16 million through September depending on how extensively stay-at-home guidance and...

COVID-18 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch

Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.

Government announces €115 million support package for air transport sector

The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the

East African Portland Cement To Fire More Employees

The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i

CREATE bill passage to instantly benefit biz

Passage of the proposed Corporate Recovery and Tax Incentives for Enterprises Act bill until the Senate’s session on June 3 would benefit the business sector starting July 1.

Global DMC Partners releases latest Meetings & Events survey results

WASHINGTON, D.C. – Global DMC Partners (GDP), a leading global network of independently owned destination management companies (DMCs) and creative event experts, announced the results of its most recent Meetings & Events Pulse Survey, focusing on the widespread impact of the COVID-19 global pandemic to the MICE industry. Conducted April 27 through May 4, 2020, the survey polled 374 respondents from the meetings and events industry. Of these, 93 percent were planners versus vendors or suppliers. While the survey touched

COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch

Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.

First-quarter GDP worst showing since 2009: StatCan

Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.

Economists must collaborate courageously

To navigate pandemic trade-offs, policymakers need syntheses.

How The US Can Learn About Successful Innovation Strategies From Israel, The Startup Nation

How The US Can Learn About Successful Innovation Strategies From Israel, The Startup Nation.

What Kind Of Innovation Will We Apply To Build Our Post-COVID Food System?

As we imagine our Post-COVID food system, I want to discuss how we will unleash innovation to modernize a massive, brittle food production system and its support structures. Fundamentally, how can we innovate to better match food supply with demand?

ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster

South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.

Millions vulnerable to poverty although world does not suffer food shortage: IFAD

According to the World Food Programme, 265 million people would suffer from hunger by the end of this year due to the coronavirus pandemic.

Covid-19 crisis and India’s next government

The Covid crisis has politicised a new crop of leaders who are young, smart, and committed to the country

Environment Must Be Centre Of All Future Plans

Environmental sustainability is no longer a ‘nice to have’ – it is now a ‘must have’ that needs to be embedded into decisions about New Zealand’s future, say experts in a new report.

The role of entrepreneurial action in economic recovery

The Covid-19 lockdown is having an unprecedented impact on small business and entrepreneurship globally. Governments around the world are rightly focusing on protecting people’s health while at the same time protecting the economy through stimulus and relief packages. There are differences in opinions as to what specific measures are required to return to ‘normality’, which further depends on the length of the pandemic and the severity of the impact on different types of business sectors.

‘The recovery needs to be a full-scale economic renewal’

Top economist Mariana Mazzucato on ‘doing economics differently’ in a post-Covid-19 world

Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs

Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.

Gender inclusion, the Infosys way

Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,

Aquaculture industry set to be a boon for Northern Australian economy

Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...

Volkswagen to invest 2 billion euros in Chinese EV deal, buys stakes in two firms

In a separate transaction, VW said it will pay 1.1 billion euros to acquire 26.5% of Guoxuan High-tech Co Ltd, a maker of electric vehicle batteries, becoming its biggest shareholder

VW spending $2.2B to expand in China’s electric car market

Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.

Volkswagen invests two billion euros in China – new acquisitions are part of its electrification strategy

Volkswagen has announced some big moves in China as part of its electrification strategy in the world's largest auto market. The German giant plans to

Maruti Suzuki Considering Leasing Out Cars To Retail Customers: Report

Maruti Suzuki does provide its cars to car rental services, but a new lease scheme will be beneficial for both, the company’s dealers, as well as the company itself

Chevy Working On A Secret New Sports Car

Although all-electric vehicles currently account for a very low percentage of total vehicle sales in the US...

Volkswagen looking to buy 50% of JAC's parent company

The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company

Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford

Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company

What Is Audi's Project 'Artemis'?

Audi launches a project that aims to develop an electric vehicle from scratch in just four years. The team also gets to experiment with how to selling it.

What’s Up With Volkswagen Software?

We've been writing it and saying it for years — the future of the auto industry comes down to batteries and software. This has been a top reason why people have been so bullish on Tesla and the company now has a market cap higher (much higher) than every automaker other than Toyota. (Full disclosure:

Tesla's EV Market Share Is Low And Falling

What have you, the investor, assumed for Tesla’s EV market share? Both globally, and in Europe? You are about to find out the real numbers. Investors who are sh

The Ford-Volkswagen Pickup Truck Is Right Around The Corner

Two of the world's automotive giants, Ford and Volkswagen, are more commonly known for battling it out on t...

5 Top Canadian Oil Stocks To Buy In 2020

Pessimism about the Canadian oil and gas sector might be at an all time high but for medium to long-term investors, these stocks might be attractive buys.

Should You Pick Ameren Over NextEra?

he stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 105% since the beginning of 2017, driven by the company’s fast-growing renewable energy business. In comparison, Ameren, a regulated utility that operates in Illinois and Missouri...

Food Is Essential, So Sell Naked Puts On Performance Food Group

We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against

Top Stock Reports for Novo Nordisk, IBM & Honeywell

Today's Research Daily features new research reports on 16 major stocks, including Novo Nordisk (NVO), International Business Machines (IBM) and Honeywell International (HON).

How our very richest tripled their fortunes in a decade

Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.  

Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed

The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling

Energy Transfer: Showing The Strength Of The Midstream Model

Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul

Writing Puts For Income With Downside Protection

Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr

Better Buy: Magellan Midstream Partners vs. NuStar Energy

A midstream player that's changed its business or one that's stuck to its knitting? The choice isn't easy with both offering 9%+ yields.

Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays

CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.

Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus

Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.

PPP Gets A Promotion: House Passes Bill That May Save Thousands Of Businesses — And One Million Headaches

House passes PPP loan Bill.

Got Cryptocurrency? Get Ready For An IRS Audit

The IRS is hiring cryptocurrency experts to assist in virtual currency audits, a clear signal those audits will be on the rise.

What Could Go Wrong: FinTech Vs. Healthcare Covid-19 Crisis Innovation Series

The COVID-19 crisis presents an opportunity for the healthcare industry to catapult forward, make fundamental changes, and adopt new innovation. But will they take advantage of this opportunity, or will the need to keep the status quo get in the way?

The Paycheck Protection Program Could Have Been Great—It Wasn’t

With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.

JPMorgan Agrees To Pay $2.5 Million To Settle A Class Action Lawsuit

JPMorgan Chase Bank NA, the customer and commercial branch of JPMorgan, consented to pay $2.5 million to settle a legal claim. The suit is identified with its past choice to consider acquisition of digital currency with its credit cards as loans. Plaintiffs To Get 95% of Harm For quite a…

Afterpay says it 'rejects' the notion of performing credit checks on its customers. Here's why their arguments don't add up.

Afterpay has gone out on the defensive yet again, as calls for it to be brought into line persist.

Pandemic accelerates desire to pass down wealth

Fear over potential tax rises leads to a rise in people gifting assets to family members

BBVA calls for easing of coronavirus restrictions

Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy

Mortgage repayment cliff beckons

A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:

Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss

The UK's biggest building society says struggling applicants should be flagged to lenders.

Bitcoin Isn’t Even in a Macro Bull Market Yet: Here’s Why One Is Imminent

Bitcoin has performed extremely well since the $3,700 lows. Data from TradingView suggests that from the lows, the cryptocurrency is up just over 150%.

Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out

Over the past few weeks, analysts have said Bitcoin is finally finding a local top.

EUR/USD options market bias has flipped bullish, risk reversals show

On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1

Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade

Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:

Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why

Bitcoin has been on an impressive rally over the past two months.

Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher

After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this

‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011

Goldman Sachs is missing the fact that Bitcoin has provided an unprecedented 100,000,000% return on investment since 2011.

Analysts Foresee a Harsh End to Bitcoin’s Uptrend if It Losses $9,350

Analysts believe that a break below Bitcoin's near-term support will invalidate this recent uptrend and catalyze even further downside.

Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally

The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.

This is the Level Chainlink Needs to Surmount to See “Swift Rally” to Fresh Highs

Chainlink (LINK) could soon find itself caught within an uptrend that leads it up to fresh all-time highs if it breaks one key resistance level.

India's forex reserves soar to record high of $490.04 billion

Foreign currency assets (FCA), a major component of the overall reserves, increased by $3.035 billion to $451.706 billion in the reporting week, Reserve Bank of India (RBI) data showed.

Finding Comfort Outside Of The MegaTechs

Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.

In rescue effort, Fed has broad stake in corporate America's fortunes

In rescue effort, Fed has broad stake in corporate America's fortunes

US money market funds waive fees to stave off negative returns

Decline in yields on short-term debt prompts action from asset managers

Ross Stores: The Valuation Appears Frothy

ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re

The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April

The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April

Ardagh to repay debt as it raises $715m in bond sale

Glass and metal container group led by Paul Coulsen operates facilities in 12 countries

Starling Bank Scores Another £40 Million from Existing Investors

Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.

Wells Fargo Stock Is Too Cheap

Wells Fargo, trading at 73.5% of tangible book value, is a bargain. WFC stock is worth at least $33.13 per share.

Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal

Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data

GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier

India's FY20 fiscal deficit at 4.59% of GDP, suprasses budget target of 3.8%

The fiscal deficit is 122 per cent of Rs 7.67 lakh crore budget aim of the government for fiscal 2019-20

Crisis growing as GDP data signals weakening demand, growth impulses

India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Fiscal deficit widens to 4.6% of GDP in 2019-20

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal.

Govt reducing income of SBI depositors by reducing interest rates: Congress

The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The

Q4 GDP growth 3.1%: Was a revival on?

Economy expanded at 4.2% in FY20, the lowest rate since FY09, dragged down by manufacturing, construction, investment.

Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%

Spending kept at 99.5% of RE to support falling economy.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.

Vietnam’s Development Strategy for Next Decade Must Put Productivity Growth Front and Center

A productivity-driven development model–combining innovation with balanced development and allocation of private, public, human and natural capital–will be key for Vietnam to achieve its goal of becoming a high-income economy by 2045, a new World Bank report suggests. The “Vibrant Vietnam: Forging the Foundation of a High-Income Economy” report, launched today, comes as the Government […]

India using public digital infra to achieve economic goals at home, connect globally: Jawed Ashraf

India's High Commissioner to Singapore Jawed Ashraf further noted that building digital connectivity and partnerships with Singapore and ASEAN countries, is a priority for India and highlighted how technology has been used effectively to achieve public policy goals in the country during COVID-19 disruptions.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.

India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy

According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19

Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer

India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.

Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom

The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.

PIC willing to convert R90 billion of Eskom debt into equity

Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.

PIC wants Eskom bonds turned to equity

SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.

Row over N50b AMCON’s bailout, new loans for aviation

The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.

[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina

Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,

Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy

Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc

JobKeeper could be extended, says Peter Dutton

Home Affairs Minister Peter Dutton has confirmed the government is willing to be flexible with the end date for JobKeeper wage subsidies.

Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser

The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.

Deloitte's call for Virgin emergency cash rejected as liquidity fears rise

The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.

Party City News: Why PRTY Stock Is Surging 29% Today

Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.

F1 Analysis: Why Williams is up for sale

Formula 1's decision to lower its cost-cap to $145m per season from 2021 was widely celebrated on Wednesday, but the economic impact of the COVID-19 pandemic was underlined on Friday as Williams revealed it would be open to selling its team. ADAM COOPER delves into the situation facing one of F1's fiercely independent teams

German regulator examines stock trades by Wirecard CEO

German regulator examines stock trades by Wirecard CEO

Brookfield re-enters race for Virgin with surprise bid

It remains unclear how Brookfield's 11th-hour pitch will affect the rest of the process, which will see the administrators reduce the bidders to just two.

Williams reveals it is for sale

Backmarker Formula 1 team Williams has admitted it may be sold.

CEO Williams: "Do consider selling the entire company"

The collaboration with ROKiT has been terminated with immediate effect and the Formula 1 team may go on sale. That was the news that Mike O'Driscoll said this Friday morning. Through the official channels, the CEO will give some more text and explanation.

Williams set to sell Formula One team

Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.

Williams set to sell Formula One team

Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.

Want to buy an F1 team? Williams is considering selling

LONDON — Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review. Williams G

Cash-strapped Williams considers selling F1 team

Williams is considering selling a minority or majority stake to secure its future in F1. Click here to know more.

EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11

EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe

GBP/USD Price Analysis: 50-day EMA regains bulls’ attention above 1.2300

The GBP/USD pair’s pullback from the intraday bottom fades upside momentum around 1.2320/25 amid Friday’s Asian session. Even so, the pair stays mildl

USD/JPY Price Analysis: Breaks 12-day-old supportline as risk aversion intensifies

USD/JPY takes the offers around 107.38, down 0.24% on a day, amid the early Friday’s trading. The risk barometer recently broke an upward sloping tren

AUD/USD Price Analysis: Greenback’s drop accelerates the rise above 0.6600

AUD/USD takes the bids around 0.6658, up 0.20% on a day, during the pre-European session on Friday. The Aussie pair recently gained traction after the

EUR/GBP Price Analysis: Jumps to fresh 2-month tops, further beyond 0.90 mark

The EUR/GBP cross gained some positive traction for the third consecutive session on Friday and broke out of the previous day's trading range. The mom

GBP/USD: Failing to take over the 1.2360 critical resistance

Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/

NZD/USD climbs above 0.6200 on broad USD weakness

After trading defensively and falling below 0.6200 during the Asian trading hours, the NZD/USD pair gained traction in the last hour and climbed to a

EUR/JPY Price Analysis: Scope for a test of 121.00

The march north in EUR/JPY remains unabated and it has already left behind the 119.00 yardstick. The cross is now flirting with the key 4-month resist

AUD/USD trades at fresh session highs near 0.6660 ahead of key US data

The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over

Report: Worldwide Alcohol Sales Won’t Rebound Until 2024

The global coronavirus pandemic may have initially caused a spike in U.S. alcohol sales at off-premise retail stores, but the long-term impact of decreased travel and on-premise closures could set the global booze business back five years, according to a new report from research firm IWSR.

Stimulus Checks Fuel U.S. Retail Sales but Global Picture Remains Dim

Consumers new to online shopping are helping to drive sales.

Nordstrom sales plunge nearly 40per cent on pandemic-led store closures

Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40per cent slump in quarterly sales, as lockdowns to contain the ...

Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores

The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back

What’s Keeping Stocks Afloat? The ‘Microsoft Market’

The tech giant is a mainstay of the industry that lets companies, governments and people navigate disruptions caused by the coronavirus and other threats.

Amazon Doesn't See Demand Slowing Anytime Soon

It still has capacity constraints in its warehouses.

Salesforce Stock Still a Buy as Its Software Gains Influence

Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.

Why Macy’s Stock Can Climb 70% Higher in 2020

Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.

3 Sports Apparel Stocks to Trade for Players and Spectators Alike

Stoppage time for athletics of all kinds hasn’t stopped bulls and bears from playing three sports apparel stocks to big wins.

Fed's Mester says it's hard to imagine quick V-shaped recovery

Fed's Mester says it's hard to imagine quick V-shaped recovery

UK economy shows early signs of improvement from lockdown low | Free to read

Five indicators benefit from easing of restrictions amid overall depressed activity

UK business morale deteriorates to 2008 low in May – Lloyds Bank

According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t

Should we fear post-pandemic inflation?

Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.

UK business confidence matches 2008 low in May - Lloyds Bank

LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.

ASB Quarterly Economic Forecast: Fast and furious

New Zealand is emerging out of lockdown into a very different world to the one we all heralded in at the start of the year, and although for us the health crisis may be easing, the economic one is only just starting.

UK business confidence at its lowest since December 2008

New survey shows their confidence at new depths, while fear of job losses soar

Covid-19 pandemic may increase China’s deficit to historic high

29 May Economies across the world have announced stimulus packages to deal with the impact caused by the Covid-19 pandemic....Read More...

NZD/USD: Surfing the euphoric wave above the 0.6170 support – ANZ

The kiwi is surfing the euphoric wave of risk-on sentiment again, trading at 0.6206, but economists at ANZ Bank are concern regarding unemployment. Ke

John Paulson Adds 2 Stocks To Portfolio, Boosts Tiffany

Merger arbitrage specialist releases first-quarter portfolio

Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?

With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...

EOG Resources: The Three Wise Monkeys

Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,

Avoid GE Stock? Depends if You’re Trading or Investing

General Electric may not make for a great investment, but GE stock it has some upside and a well-established bottom.

3 Reasons to Buy Microsoft on the Next Dip

Microsoft stock is trying to make new highs, as bulls continue to bid the stock higher. Here are a few reasons to still like MSFT.

Buy the Post-Earnings Dip in Canopy Growth Stock Now

Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.

Zoom Video Jumps to Record With Market Cap Now Above $50 Billion

Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.

Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May

David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.

Huawei's ambitions for Canada stalled by rift with China, security expert says

TORONTO — Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

Huawei's ambitions for Canada stalled by rift with China, security expert says

Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

Huawei ambitions stalled

Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

UK D10 plan to provide alternatives to Huawei

The UK has come up with a plan to provide alternative sources to China for telecoms, pharmaceuticals and other key supplies.

UK pushes alliance to ditch Huawei tech

The UK government is looking at ways to reduce its reliance on Chinese technology, floating ...

UK plans new 5G club of 10 democracies, including India: Report

The move to speed up such a club comes as the UK launched an inquiry into Huawei's involvement in the country's mobile network upgrade in the wake of US sanctions against the company.

UK plans new 5G club of 10 democracies, including India, says report

The group will aim to create alternative suppliers of 5G equipment and other technologies to avoid relying on China

UK plans new 5G club of 10 democracies, including India: Report

The British government has approached the US with the prospect of creating a 5G club of 10 democracies, including India, amid growing security concerns related to Chinese telecom giant Huawei,

Universal super transcends pandemic

New Zealanders are braced for months, perhaps years, of changes in the way they and their Government spend their money. The coronavirus pandemic...

Why the national cabinet must brace for the jobless wave

An analysis of the JobKeeper numbers shows how complicated a return to higher levels of employment will be.

What’s up with the housing market in the pandemic

For house hunters wondering whether the coronavirus crisis might lead to a better deal on an upcoming purchase, there’s some bad news: probably not, at least not right now.

Wage cuts, even symbolic ones, aren't going to help anybody

An economic recovery needs to be built on the back of real jobs and real economic activity, not on cheap political wins from wage cuts and freezes.

If we must have a pay freeze, spare front-line jobs dominated by underpaid women

Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.

We must create more jobs, not give extra money to public servants

Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.

The Guardian view on wage subsidies: unemployment costs too

Editorial: Almost a third of the UK workforce are now reliant on government support for their income. If it is withdrawn while the economy is hibernating then joblessness will rise

Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects

Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects

Creating Value Through Digital Transformation

Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.

Innovation? It’s all about the data, darling

In all my research into financial services innovation one trend stands out above any other: it’s all about the data.

Most Indian organisations want AI for improved productivity

Organisations across multiple verticals have been leveraging AI, driven by their own needs, but all of them are considering intelligent systems to either reduce effort on mundane tasks or establish specialized real-time insights for faster decision making

Datalogic Makes Investment in AWM Smart Shelf

The deal positions Datalogic for growth into new technology areas.

UNWTO launches global guidelines to reopen tourism

The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19. The guidelines highlight the need to act decisively, to restore confidence and, as UNWTO strengthens its partnership with Google, to embrace innovation and the digital transformation of global tourism. The guidelines were produced in consultation with the Global Tourism Crisis Committee and aim to support governments and private sector to recover from an unparalleled crisis. Depending on when travel

Shipping industry goes digital in lockdown

Blockchain replaces manual effort.

The impacts of COVID-19 on innovation and digital transformation in air transport

As airlines, airports and their air transport sector partners continue to plot the industry’s recovery from the COVID-19 crisis, a focus on innovation, and investment in technologies such as touchless biometrics, self-service, automation, and mobile devices and apps, will have a crucial role to play. These are some of the key insights of a new report jointly released by Fast Future, Future Travel Experience (FTE), and the Airline Passenger Experience Association (APEX). The study findings are being launched today during a

Sanitation and cleanliness on top of new age mobility firms' agenda

Firms that provide urban commuting warm up to new realities as lockdown relaxes

NIIT Technologies share buyback issue opens; 10 key things to know

The IT company proposed to raise Rs 337.46 crore through the buyback offer.

TZERO Announced New Broker-Dealers Trading On Its Blockchain

tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.

108 jobs on line in Tower proposal

Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...

India News Headlines: Latest India Business News 29th May 2020

Latest India Business News 29th May 2020 - Jet Airways received fresh EoIs from 11 investors ahead of deadline which ends on Thursday.

Fitch forecasts Indonesia operator consolidation

Intense price competition in Indonesia and unequal access to spectrum resources, as the country mulls ...

Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?

From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.

Sebi concessions fail to lift IPO market, firms shelve listing plans

Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms

Big-time success: Market experts hail rights entitlement platform

Reliance Industries' mega rights issue was the first time the platform was tested

Number of South Korean budget phone users continues to fall in March

The number of budget smartphone users in South Korea continued to drop in March with its market share threatening to sink below the 10-percent mark, data showed Friday. Local subscribers to so-called mobile virtual network operators (MVNOs) numbered 7.61 million as of the end of March, down 0.6 percent from the previous month, according to the data from the Ministry of Science and ICT. MVNOs rent networks from the ...

Epistar 4Q20 operation may turn profitable, says president

Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.

China LED makers expanding mini/micro LED capacities

China-based major LED chip makers and packaging service providers, optimistic about demand for mini and micro LEDs, are currently pushing capacity expansions mainly for related applications, according to industry sources.

Apple may postpone iPhone 12 launch to November due to coronavirus pandemic

The delay could be due to demand uncertainty owing to coronavirus pandemic

Chassis specialist Ju Teng upbeats about 3Q20 orders

Chassis maker Ju Teng International expects the prevailing robust demand from the notebook sector to last into the third quarter of 2020, having experienced strong order pull-ins from clients in the second quarter.

Foxsemicon to enjoy revenue growth in 2020

Semiconductor equipment maker Foxsemicon Integrated Technology, an affiliate of the Foxconn Group, is expected to post on-year revenue growth in 2020, according to industry sources.

East Tender expects increasing 5G optical filter shipments in 2H20

Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.

Highlights of the day: Several IT enterprises to enjoy robust 2H20

Despite the impact from the coronavirus pandemic, several IT enterprises are still having good visibility for the second half of 2020 with Nanya expecting to continue picking up in the third quarter because of demand from remote work and online studying. Meanwhile, Mitac is enjoying an ongoing ramp-up of , which are likely to last into the second half. , despite US' new trade ban on Huawei, still expects its performance to continue rising for the latter half of the year.

COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas

In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.

Smiley Monroe resumes production at reduced capacity

LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.

Breaking: SC of The Bahamas to Implement Massive Regulatory Changes

The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.

No need to feel threatened by e-commerce firms: Goyal tells traders

Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders

Liberia embarks on a cost-reflective electricity pricing study

In efforts to attaining cost-reflective electricity pricing, the Liberia Electricity Regulatory Commission has begun a Cost of Service Study.

More stimulus package for MSMEs coming, says FG

The Federal Government will soon roll out additional stimulus packages for Micro Small and Medium Enterprises (MSMEs) across the country....

Niti Aayog suggests slew of steps to make India’s exports competitive

The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.

Saudi Arabia says it provided $40 billion to PIF from foreign reserves

Saudi Arabia says it provided $40 billion to PIF from foreign reserves

World Bank suggests possible extra replenishment of IDA lending arm

WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...

FDI inflows surge 18% in 2019-20 to record $74 billion

India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard

Group faults removal of Mohammed as TCN MD

Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis

Wall Street has billions to lose in China from rising strain

Five big US banks had a combined $70.8 billion of exposure to China in 2019.

BI sees rupiah strengthening to pre-pandemic level as it intervenes in market

BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.

Saudi Arabia moved US$40 billion in reserves to sovereign fund

The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.

German Retail Sales drop 5.3% MoM in April vs. -12% expected, EUR/USD keeps 1.11

more to come ...

When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?

Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof

Eurozone Preliminary CPI misses estimates with 0.1% YoY in May, EUR/USD keeps highs

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +0.1% in May, meeting expectations of +0.2% and +0.3% prev

Eurozone inflation slumps to 0.1pc in May

BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...

Euro zone flash inflation at four-year low in May

Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May

April Core PCE, Personal Spending and Income Preview: All falling in tandem

Core PCE price index to fall 0.3% in April while Personal Income and Spending are expected to plunge to a six-decade low. Instead of elucidating an un

Chicago Purchasing Managers Index Tumbles To 38-Year Low

The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.

Home in on that house

If you thought the 2% cut in stamp duty was a good thing, wait a while.

Best of BS Opinion: Diversity in boardrooms, earnings drought, and more

Here is a summary of Business Standard opinion pieces for the day

Costa Group CEO Harry Debney to bow out

After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.

Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry

Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields

Hotels report 82% drop in occupancy; recovery unlikely before September

The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year

Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why

While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.

Retail sector braces for more pain as PAS Group collapses

Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.

StockBeat: Smelling the Coffee in Times of Coronavirus

StockBeat: Smelling the Coffee in Times of Coronavirus

Tesla performance opens door to Elon Musk payday

NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...

Tesla performance opens door to Elon Musk payday

Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.

Elon Musk gets a $770 million award as Tesla hits goals

He can't sell the shares yet, though.

What does Tesla slashing car prices really mean for the company?

Sales of all autos, generally, tanked in the last two months

Tesla Model 3 = Top Selling Car in California

In somewhat of a surprise, for the first time ever, the Tesla Model 3 was the top selling vehicle in California last quarter. (Yes, there's a lot of irony there given the recent controversy between Tesla/Elon Musk and California, especially Alameda County.) The Model 3 is often in the top 5 in California, but decades-long leaders

Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis

Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi

Post-Pandemic Music Industry Predictions: The Consolidation Of Power

The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?

TerrAscend Emerging As This Year’s Breakout Star Among Cannabis Operators

TerrAscend’s latest performance reinforces analyst projections that this could be a watershed year for the company, which has spent the last year aggressively expanding its U.S. operations.

Wide-Moat Stocks On Sale - The June 2020 Heat Map

Our 3-step process focuses on wide-moat stocks (as per Morningstar’s rating). We are only interested in those targets that are attractively valued in historical

[Newsmaker] BTS label Big Hit gears for IPO

The South Korean music label behind K-pop sensation BTS has filed for a preliminary review for an initial public offering, according to the nation’s stock market operator Korea Exchange (KRX) on Friday. Founded in 2005 by music producer Bang Si-hyuk, Big Hit Entertainment houses BTS and other K-pop singers and bands, including Lee Hyun and Tomorrow X Together. Bang, who serves as the entertainment firm’...

European coffee giant brews a strong IPO

JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace

Starling Bank raises £40 million as SME banking business picks up

Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.

Visa Stock Is the Best Payments Powerhouse for Your Portfolio

Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.

DMO faults Reps, says lawmakers approved $3.18bn Chinese loans

Ihuoma Chiedozie, Abuja The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved...

Access Bank plans more loans for health care - The Nation Nigeria

Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...

Buhari seeks Senate’s approval for $5.513b external loan

The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....

Mthuli Ncube in catch-22 situation

THE provision of subsidies to small-scale gold miners in defiance of advice from the International Monetary Fund (IMF) has left the government in a quandary ami...

No decision taken on setting up bad bank: FinMin official

Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.

No decision taken on setting up bad bank: Finance Minister official

The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets

No nation has veto power over AfDB, African leaders back Adesina

Former African leaders have thrown their weight behind the embattled President of the African Development Bank, AfDB, Dr. Akinwumi Adesina.

Stocks - Europe Lower; Caution Reigns Over Hong Kong

Stocks - Europe Lower; Caution Reigns Over Hong Kong

Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable

Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable

Seoul stocks open lower on Wall Street losses

South Korean stocks opened lower Friday, tracking overnight losses on Wall Street amid rising Sino-American tensions over China's passing of a new national security law on Hong Kong. The benchmark Korea Composite Stock Price Index (KOSPI) retreated 10.80 points, or 0.53 percent, to 2,017.74 in the first 15 minutes of trading. The fall was largely attributed to the latest development in the Sino-American dispute on ...

FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes

LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...

Tokyo stocks open lower on US-China tension

TOKYO, May 29 ― Tokyo stocks opened lower today, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 per cent or 123.03 points at 21,793.28 in early trade, while the broader Topix index slipped 0.65 per cent or 10.20 points to...

Asian stock markets: Mildly offered, ASX 200 drops 0.75% ahead of China news

With the escalating tensions between the global champions, the US and China, Asian shares remain pressured while heading into the European session on

European stocks fall on rising U.S.-China tensions

European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...

Uganda Bankers Association elects a new Chairman

Members of Uganda Bankers Association (UBA) have elected Mathias Katamba, as the new Chairman taking over from Patrick Mweheire who served for two years (2018 & 2019). Katamba is the Chief Executive Officer of dfcu Bank Uganda. Also elected on the executive committee of UBA is Sarah Arapta, Citibank CEO as Vice-Chair, Varghese Thambi, CEO Diamond Trust Bank as Treasurer,  Sam Ntulume, CEO NC Bank as Auditor, Albert Saltson, CEO Standard Chartered Bank, Committee Member and Veronica Namagembe, CEO Pride Microfinance (MDI), also a Committee Member. The new leadership assumes responsibility at a time when the industry has registered significant improvements in the areas of profitability, credit extension, channels and growth in assets over the past year 2019. Outgoing  Chairman Patrick Mweheire said that in 2019, two financial institutions namely Opportunity Bank and Afriland Bank were issued with commercial banking licenses bringing the total number of tier I banks to 26.

Give us too the benefit of credit guarantee scheme: urban co-op banks to FM

UCBs are financially sound and are a key funding source for MSMEs, says petition

We need to plan for the next round of NPAs

The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing

Urban co-operative banks seek guarantee cover for their MSME borrowers

UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore

Economy needs support from PSBs: Union Bank chief

Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.

Credit flow: Rs 4L crore reverse repo funds sanctioned as loans

RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.

Magic Leap CEO Rony Abovitz is stepping down

Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.

Magic Leap CEO Rony Abovitz to step down

Magic Leap is not yet naming a replacement.

Rony Abovitz confirms Magic Leap's new funding, will step down as CEO

Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.

Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver

Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.

Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet

Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.

Magic Leap CEO to step down

Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...

Singapore top source of FDI in FY20 with investments worth $14.67 billion

According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.

FDI inflows from Cayman Islands into India triples in FY20

The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population

FDI into India increased 18 per cent to $73 billion in 2019-20

This will spur job creation, says Union Minister Piyush Goyal

Total FDI exceed $ 4180 million in nearly eight months: MIC

Yangon—In nearly eight months of the current fiscal year, the total Foreign Direct Investments have exceeded 4,180 million US dollars, according to the statement by the Myanmar Investment Commission (MIC).  A total of 13 foreign investments—four proposals and two approvals by the MIC, three approvals by Yangon Region Investment Committee and four by Bago Region Investment Committee. The FDI amounts to 735.696 million US dollars, creating 9,761 jobs for locals. 

Singapore top FDI source for India in FY20 with $14.67 bn in investments

In the past two financial years, FDI from Singapore has surpassed that from Mauritius

Singapore top source of FDI in FY20 with investments worth $14.67 billion

In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens

The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement

Madras high court issues notices to Franklin Templeton MF, Sebi: Investors Group

India Business News: Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors gro

Sebi seeks time to file counter in High Court on PIL against Franklin MF

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group

It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.

ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena

The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money

COVID-19 impact | Blackberrys to align physical stores with digital capabilities

Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.

Three Ways Technology Can Help Save Retailers

With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.

Big food brands sidestep retailers in pandemic

Kraft Heinz and PepsiCo become latest groups to sell online, but can direct delivery take off?

Okta, Inc. (OKTA) CEO Todd McKinnon on Q1 2021 Results - Earnings Call Transcript

Okta, Inc. (NASDAQ:OKTA) Q1 2021 Earnings Conference Call May 28, 2020 05:00 PM ET Company Participants David Gennarelli - Head of Investor Relations Todd McKin

Toyota now offers fully online car buying service

Buyers can build and pay for a new car online, even arranging a finance package.

Has online grocery shopping peaked?

Americans, it turns out, would rather visit a store than buy food online.

Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart

Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.

Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation

Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.

Voda Idea jumps 35% on reports Google eyeing 5% stake in telco

For a 5 per cent stake, Google will have to shell out $110 million.

Vodafone Idea shares up by 30% amid reports of Google investment

Google may pick 5% stake in Vodafone Idea

Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook in investing in the world’s fastest-growing mobile arena. Google may take a stake of about 5% in Vodafone Idea, though the deliberations are at a very early stage, the FT cited people familiar with the matter as saying.

Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco

Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.

Tesla’s Musk earns $770M in stock options, company confirms

Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package

Elon Musk earns £625 million payday after Tesla hits targets

Tesla chief executive Elon Musk has seen his wealth boosted by £625 million after his company hit a number of performance targets.

Elon Musk earns £625 million payday after Tesla hits targets

It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Elon Musk earns £625 million payday after Tesla hits targets

Tesla chief executive Elon Musk has seen his wealth boosted by £625 million after his company hit a number of performance targets.The electric car maker passed the milestones of a total market value of 100 billion dollars (£81 billion) and making 20 billion (£16 billion) in revenue for four quarters triggering the compensation package.A filing with the US Securities and Exchange Commission said Mr Musk can buy 1.69 million shares of Tesla for 350.02 dollars (£284.03), compared to its most recent closing price of 805.81 dollars (£653.93).It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Elon Musk earns £625 million payday after Tesla hits targets

It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Elon Musk earns £625 million payday after Tesla hits targets

It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Pandemic's hit to Japan's factory, retail sectors deeper than expected

TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.

Last time the Japanese government described industrial production as decreasing rapidly was in November 2008

Following a slew of Japanese data today, a Japnese govt official has stated that the last time the Japanese govt described industrial production as de

Japan April factory output falls 9.1% month/month - government

TOKYO (Reuters) - Japan's factory output fell 9.1% in April, government data showed on Friday, compared with a median market forecast for a 5.1% drop. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to shrink 4.1% in May and rise 3.9% in June, the data showed.

Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%

Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…

Japan factory output and retail sales slump as pandemic hits autos

Official data Friday showed factory output slipped 9.1 percent in April from the previous month.

Asian markets fall as new Chinese law puts Hong Kong’s future in doubt

Asian markets mostly fell in early trading Friday, ahead of a news conference by President Donald Trump regarding China.

How important is Hong Kong to China as a free finance hub?

While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.

Explainer: How important is Hong Kong to China as a free finance hub?

HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.

Battle for Hong Kong Is Shifting to City’s Financial Markets

The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.

Explainer: How important is Hong Kong to China as a free finance hub?

Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing

Golar LNG's (GLNG) CEO Iain Ross on Q1 2020 Results - Earnings Call Transcript

Golar LNG Limited (NASDAQ:GLNG) Q1 2020 Earnings Conference Call May 28, 2020 10:00 AM ET Company Participants Iain Ross – Chief Executive Officer Callum Mitche

J.C. Penney Stock Is Only Awesome if You Love Burning Money

With J.C. Penney’s bankruptcy, JCP stock may appeal to risk-tolerant speculators. But if you can’t afford burning money, stay away!

There’s Still Time to Buy the Disney Stock Dip

DIS stock is up nearly 20% in May. The reason? The country is reopening. And as it does, Disney gets to showcase the power of its brand.

Here Is Why The S&P 500 Could Be Headed For 3,700

Very few authors on this site have been as outspoken about a market rebound than I have. I have written eight very bullish articles since March 18th. Every one

This Isn't A Brag, Making Money Today Was Too Easy

The pain trade is going in the direction that is the hardest which is usually where the alpha is. Today, almost every tech name I was watching was nicely in the

STSP-based Visionatics expands from AOI to biotech imaging, overcoming industry challenges

The biotechnology sector is seeing a surge of smart solutions that incorporate information communication technology (ICT) advances to enable biomedical devices to deliver higher precision. This has become a key development trend for the healthcare industry. Having long dedicated to ICT and biotech developments, Taiwan is among the world's leading nations for innovation and technology. If Taiwan can combine its strength in ICT and biotech, it will be able to create unique industry advantages. In view of this, the Taiwan government has been activ...

EOS completes acquisition of Audacy

Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.

Watch | Huawei webinar showcases transformation within innovation

Promoted | Here is an in-depth look at how Huawei’s research and development is reshaping how organisations and individuals connect.

US offers $3M for 5G spectrum sharing research

The US Department of Defense granted mobile technology researchers $2.7 million to fund the launch ...

GSMA, O-RAN Alliance join-up as operators tipped to jump on tech

The GSMA and O-RAN Alliance became the latest organisations to announce joint efforts to help ...

KfW completes multi-year deployment of FIS Ambit Focus

German state-owned development bank KfW has completed a multi-year implementation project with FIS.

Banking’s long divorce process

Banking, like any other business, is about two things: products and customers. So, it is no surprise that every incumbent core banking vendor manages these two aspects in their platforms. Although each has their own lifecycle, it is the product lifecycle that vendors focus hardest on.

Bank of Cyprus goes live on HPS PowerCard system

Bank of Cyprus, the largest banking and financial services group in its home country, has completed a migration to HPS’s PowerCard solution.

Long Odds: China's bet on REITs draws skeptics

SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.

Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End

The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.

Govt may keep petroleum prices unchanged

Move aimed at shield­ing oil indust­ry from hefty losses­

Price crash: NNPC targets $10 oil production cost

’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...

Seplat targets more acquisitions as shareholders get $59m dividends

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...

ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector

The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.

NNPC plans $10 crude production cost - Latest Nigeria News, Nigerian Newspapers, Politics

The Nigerian National Petroleum Corporation (NNPC) has commenced plans to crash oil production cost to $10 per barrel.....

RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance

RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.

RBI fines Karnataka Bank

Karnataka Bank has informed the stock exchanges that Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.20 crore on it for divergence in respect of non-performing assets (NPAs) and non-a

RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank

The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.

Citibank fined Rs 4 crores for non-compliance

The Reserve Bank of India, on Friday, imposed a penalty of Rs 4 crore on Citibank for violation of remuneration norms and non-compliance regarding obtaining the declarations from customers.

RBI extends Rupee Co-op Bank licence by 3 months

In a statement issued by the bank, Sudhir Pandit, chairman, board of administrators, said that the bank has till date recovered Rs 258.11 crore and has registered an aggregate profit of Rs 53.19 crore during the last four years.

Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June

Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.

UPS adds 'peak' surcharge amid coronavirus fueled delivery spike

United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...

UPS adds 'peak' surcharge amid coronavirus-fueled delivery spike

United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...

B&M garden and DIY sales soar during lockdown

Dozens of discount stores closed during the coronavirus crisis have now reopened

SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic

SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.

Inside Kylie Jenner’s Web Of Lies—And Why She’s No Longer A Billionaire

Earlier this year, Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash-outs of all time. But the deal’s fine print reveals that she has been inflating the size and success of her business. For years.

Kylie Jenner has been 'inflating' her business success and isn't a billionaire, Forbes says

You know what's less cool than a billion dollars? "Inflating" the success of your business for years, as Forbes claims Kylie Jenner has done. Forbes declared Jenner the youngest self-made billionaire ever last year, but it's now offering an update: actually, now she's not a billionaire at all, self-made or otherwise. The outlet on Friday concluded that Jenner's business is, it turns out, "significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe." The report describes how Jenner publicists showed Forbes tax returns demonstrating the unbelievable growth of her company, Kylie Cosmetics, and showing $307 million in revenue in 2016. The documents were apparently a little too unbelievable, in fact; the outlet describes the numbers the Jenners provided as "hard to believe" and writes that filings later showed there's "virtually no way" they were accurate. "If Kylie Cosmetics did $125 million in sales in 2018, how could…

Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns

Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and

Kylie Jenner Is Not A Billionaire & Lied To Inflate Her Net Worth, Claims Forbes

Forbes Magazine has stripped Kylie Jenner of her title of “youngest self-made billionaire” after the outlet claims the Kylie Cosmetics founder

Forbes drops Kylie Jenner from billionaires list

Kylie Jenner isn't a billionaire after all, Forbes as it accused the reality TV star's family of "inflating the value of her cosmetics".

Core sector output contracts by record 38.1 per cent in April

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data.

India's eight core infrastructure sectors contract 38.1% in April

Massive contraction recorded amid a nationwide lockdown to contain the spread of coronavirus

Coronavirus impact: Output in eight core industries declines 38% in April

All eight core sectors reported massive decline in production during April, with coronavirus-mandated lockdowns in place. Cement and steel reported the biggest losses in output at 86 per cent and 83.9 per cent, respectively

Core sector output contracts by record 38.1% in April

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus lockdown, according to the official data. The eight core sectors had expanded by

Fiscal deficit widens to 4.6% of GDP in FY20

This was the highest level of deficit for the Centre since FY13.

Copper futures slide on weak demand

On Multi Commodity Exchange, copper for delivery in June eased by Rs 2.75, or 0.66 percent, to Rs 413 per kg in a business turnover of 3,029 lots.

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc for delivery in June was trading lower by Rs 50 paise, or 0.32 percent, at Rs 157.45 per kg in 2,079 lots.

Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for June delivery traded down by Rs 5.60, or 0.6 percent, to Rs 924.70 per kg with a business turnover of 1,434 lots.

Silver rises on improved industrial demand outlook, rise in US-China tensions

In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.

Gold price today: Rs 46,995 per 10 gram; silver at Rs 47,905 per kg

Gold price today: The price of 22-carat gold is about Rs 45,600 in New Delhi per 10 gram while in Chennai, the price is at Rs 44,310

ITC Hotels partners with Swiggy to deliver food delicacies at customers' doorsteps

The move would enable ITC Hotels' customers to enjoy their pre-paid orders with 'no-contact' deliveries and have unique food experiences with local offerings from the regions at their home, said a joint statement.

ITC Hotels partners with Swiggy for home delivery

Home delivery service will be available for properties including ITC Maurya, ITC Royal Bengal, ITC Grand Chola, ITC Gardenia and ITC Windsor among others…

ITC Hotels partners with Swiggy to offer dining options to customers

ITC Hotels had tapped into the food and beverage take-away model across the country recently. The chain said the association with Swiggy is aimed at reaching a much larger customer base.

ITC Hotels partners with Swiggy to offer dining experiences at home

ITC Hotels has implemented stringent measures and protocols, including mandatory temperature checks for all chefs and food and beverage associates

China's Geely raises $836 million from share sale

Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.

Volkswagen AG pumps 2 billion euros into China electric vehicle bet, buys stakes in 2 firms

VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.

Volkswagen Ploughs Over $2 Billion Into the Chinese Electric Car Industry

On Friday, Volkswagen announced it would be investing $2.2 billion in two companies in the Chinese electric vehicle sector in a bid to push forward the "world's biggest market" towards the electrification of cars.

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

The 5 Biggest Social Security Lies You've Been Told

Myths and misconceptions surround the most-revered social program in the country.

Study: Social Security Recipients Could Face Benefit Cuts This Decade

COVID-19 could result in benefits being cut even sooner than you think.

Three-point checklist for getting maximum savings out of KiwiSaver

Three point checklist to get the best out of KiwiSaver.

Can this couple support their autistic child throughout her life while hitting retirement goals?

They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax

Stick or twist? Investors face coronavirus-induced property dilemma

Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.

Coronavirus crisis crippling debt-heavy Serta Simmons

The nation’s biggest mattress maker is in danger of becoming a coronavirus casualty this summer — and it’s the company’s private-equity owners that have made it vulnerable. Serta Simmons — a

Should You Buy Hertz Stock Now?

Understanding Hertz's current scenario is important to avoid a huge investing mistake.

Don’t Miss the RCL Stock Rally

With a good deal of fear priced into RCL stock, investors should act before they miss the recovery of share prices.

Mahangu to yield surplus

LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961

RPT-Asia Rice-India prices retreat from highs, Vietnam sees fresh offers

(Repeats story sent on May 28)* Vietnam sees higher demand from Cuba, Malaysia and Philippines* Fewer takers for expensive Thai rice variety* Bangladesh likely to miss output target for 'Boro' riceBy Nakul IyerBENGALURU, May 28 (Reuters) - Indian export rice prices retreated this week from a more than one-year peak that slowed demand, while Vietnamese rates held near a two-year high as countries battling the coronavirus pandemic sought to bolster stocks.

Asian buyers set to resume wheat purchases after 2-month hiatus-sources

* Buyers led by Indonesia looking for Black Sea cargoes* Deals likely to be signed in early June for July-Aug shipmentBy Naveen ThukralSINGAPORE, May 29 (Reuters) - Asian grain buyers are ready to re-enter the market after a pause of about two months caused by the coronavirus lockdowns, seeking wheat from Black Sea suppliers, two trade sources said.Millers across the region, including the no. 2 global importer Indonesia, are looking for new-crop Black Sea wheat for July-August shipment.

The Time For The Soybean Bull Market Has Not Come Yet

The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d

7-Eleven books higher Q1 profit despite Covid-19 pandemic

KUALA LUMPUR, May 29 — Convenience store chain 7-Eleven Malaysia has reported higher sales for the first quarter of 2020 by RM619.3 million, or 6.1 per cent overall. Chief executive officer Colin Harvey said sales increased by RM35.6 million in the quarter, with the same-store sales up 1.9 per...

Bursa bucks regional trend on economic recovery plan news

KUALA LUMPUR, May 29 — Bursa Malaysia bucked the regional trend to close higher today, thanks to buying support in index-linked counters and positive news on the government’s new economic recovery plan, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15.75 points to end the...

Hap Seng records higher earnings in Q1

KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...

Mah Sing’s Q1 net profit falls to RM30.07m

KUALA LUMPUR, May 29 — Mah Sing Group Bhd’s net profit in the first quarter ended March 31, 2020 (Q1 2020) fell to RM30.07 million from RM55.01 million in the same period last year. Revenue declined to RM371.13 million from RM450.33 million previously. In a filing with Bursa Malaysia today, Mah...

LGUs in action against COVID-19

Last March 16, the entire Luzon was placed on lockdown due to the growing number of cases of novel coronavirus disease (COVID-19) in the Philippines under the declaration of President Rodrigo Duterte. The enhanced community quarantine had barred millions of people staying in Luzon to travel outside the island—supposedly for just a month—for almost three months since it has been continuing to be extended due to the rising pandemic of the disease. Moreover, the lockdown has caused the temporary suspension of work and closure of non-essential businesses in the entire Luzon. These developments resulted in for most of the Filipinos to stop working and suffer from various disruptions—financial, livelihood, psychosocial, and even mental. But these have pushed and inspired some of the local government units to conduct their own initiatives to extend their help to its constituents in whatever they can.  In our generation, the coronavirus had brought as a lot of unexpected and tragic situations happening simultaneously…

Ireland stands to benefit in a big way from investing in public transport

John FitzGerald: Good public transport improves quality of life and lowers greenhouse gases

Carmageddon awaits unless work from home continues

With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19.

City Power warns of possible load rotation

On Thursday, Johannesburg's City Power announced that they may need to impose daily “load rotation” in some areas where electricity infrastructure is overloaded.

GBP/USD: Approaching the 1.2335 resistance – Commerzbank

GBP/USD is tightly confined within a converging range (1.2217-1.2335) but is pushing hard into the resistance at 1.2335, currently trading at 1.2330,

EUR/USD: The trend turns higher with resistance seen at 1.1145/66 and ultimately at 1.1369 – Credit Suisse

EUR/USD has seen a conclusive break above key 200-day average/price resistance at 1.1009/19 to turn the core trend higher, with resistance seen at 1.1

NZD/USD: Resistance at 0.6216/39 ideally contains the fresh move higher – Credit Suisse

NZD/USD stays capped for now by the ‘neckline’ to the 2015/2020 ‘triangle’ at 0.6216 and the 78.6% retracement of the February/March 2020 fall at 0.62

EUR/CHF: Base completed with next resistance at 1.0710/17 – Credit Suisse

The EUR/CHF short-term trend has accelerated to the upside, with key resistance seen at 1.0710/17, ahead of 1.0772/88, per Credit Suisse. See: EUR/CHF

Flight operations to return to pre-COVID-19 levels by Diwali: Hardeep Singh Puri

Domestic flight operations resumed in a staggered manner after a gap of two months on May 25.