McDonald's confirms date it will reopen 975 branches in the UK

This will take the total number of McDonald's restaurants back open to 1,019

McDonald's to reopen more than 1,000 restaurants by next week

McDonald's is rapidly expanding its store openings across the UK and Ireland to have more than 1,000 restaurants reopened for drive-thru or delivery by next Thursday, June 4. Last week, the fast food chain reopened 33 drive-thru sites but the company said it decided to close some lanes where demand "impacted local communities or the safety of our people or customers" due to long queues.

McDonald’s to reopen more than 1,000 restaurants by next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

McDonald’s to reopen more than 1,000 restaurants by next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

Wishaw McDonald's drive-thru will open back up from next week

The store will open next week, after being closed for months.

McDonald's to open all drive-thru restaurants by next Thursday

Fast food chain McDonald's will open its 28 drive-thru restaurants in Northern Ireland by Thursday of next week.

All of McDonald's Irish drive-thrus to reopen by next Thursday

All 51 drive-thrus in Ireland will be open by 4 June.

McDonald's shares exact date every drive-thru in UK and Ireland will reopen

EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed

Every McDonald's drive-thru in Black Country and Staffordshire to be open next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

All McDonald's Drive-Thrus To Open Across The Country By June 4th

All McDonald's Drive-Thrus will reopen by Thursday June 4th.

The future of McDonald's: £25 limit per car, plastic screens at counters and staff getting daily temperature checks - as fast food giant announces 975 branches and ALL drive-thrus will reopen next week

McDonald's has announced nearly 1,000 more restaurants will reopen to hungry customers next week. Footage released today shows how the restaurants will prevent the spread of coronavirus.

McDonald's sets exact date every branch in UK will reopen

More than 1,000 are throwing open their drive-thru lanes

McDonald's drive-thrus in Notts set to reopen next month

The wait is nearly over

McDonald's to reopen all Scottish drive-thru restaurants from next week

Scots fans can finally get their hands on McDonald's as it makes its long-awaited comeback up north.

McDonald's reveals when they're reopening all UK drive-thrus

The chain has announced it will reopen all of its drive-thrus and many more restaurants for delivery.

McDonald's to re-open Dundalk drive thru next week - Talk of the Town

McDonald’s in Dundalk will re-open next week. The company announced this morning that all its drive-thrus would re-open by Thursday June 4th. The fast food chain opened six restaurants in Dublin last Wednesday and are now ready to move forward with the rest of Ireland with openings to take place between Tuesday and Thursday of...Read More→

Scotland’s McDonald’s drive-thrus will reopen from June 2 as 975 more branches return throughout UK next week

MCDONALD’S plans to reopen another 975 branches for drive-thru and delivery from June 2. It comes as the fast food chain reopened 39 branches for drive thru last week. ⚠ Read our coronavirus …

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Zoox hinted it's had interest from multiple buyers.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore

Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg

Amazon Eyes Zoox Acquisition For Autonomous Cars

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant's reach in autonomous vehicle technology.

Amazon may buy robo-taxi startup Zoox: WSJ

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal reported on Tuesday.

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.

Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox

Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

Amazon in talks to buy driverless-technology startup Zoox

Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.

Amazon may buy robo-taxi startup Zoox: Wall Street Journal

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal

Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA

PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.

Global energy investment to drop by $400bn

An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.

Virus sparks record drop in energy investment: IEA

The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.

Virus sparks record drop in energy investment – IEA

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

Virus sparks record drop in energy investment: IEA

All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...

Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

Global energy spending to fall $400bn due to coronavirus crisis

IEA says investments in low-carbon technologies falling far short of climate goals

Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA

PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...

Energy investment on pace for record decline, IEA analysis says

May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.

Global spending on oil to drop by $1 trillion in 2020 says IEA

Investment in energy sector will see its biggest drop this year says the agency

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history

Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore

Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg

Asian shares slip as new Hong Kong tensions rise

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

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.

Asian shares slip as new Hong Kong tensions rise

Nikkei down 0.2%, ex-Japan Asian loses 0.3%.

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

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

Asia stocks mixed on uncertainty over Hong Kong security law

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

Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

Hong Kong unrest worries curb global shares rally

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

Asian stocks pull back as Hong Kong uncertainty weighs

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

Asian stocks pull back as Hong Kong uncertainty weighs

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

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

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

Rand falls as Sino-US friction dents risk appetite

In line with its emerging market peers.

Hong Kong unrest worries curb global shares rally

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

Global stocks mixed on unease over Hong Kong security law

Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.

Rand falls as Sino-US friction dents risk appetite

The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.

Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

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

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

Rand falls as Sino-US friction dents risk appetite

At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

Factbox: Key spending in Japan's second stimulus package of $1.1 trillion

TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.

Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.

Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout

The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

Japan's new budget to include US$302b in direct spending, reports Mainichi

TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...

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

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

Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

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

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

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

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

Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

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

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

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

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

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

(Representative image) NEW DELHI: Equity indices finished higher on Wednesday with the benchmark BSE sensex rising nearly 1,000 points led … Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300 Read More »

Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

NSE Nifty fell 13.70 points.

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

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

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

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

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

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

Bursa Malaysia ends firmer on buying support in index-linked counters

KUALA LUMPUR, May 27 — Persistent buying momentum in the index-linked counters, led by glove makers Hartalega and Top Glove, pushed Bursa Malaysia to end the day on a firm note, dealers said. After being closed for two days, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 114.97 points, or...

KL shares higher at mid-day buying support for glove makers

KUALA LUMPUR, May 27 — Bursa Malaysia ended the morning session on a high note today, on persistent buying support from the index-linked counters led by glove makers Hartalega and Top Gloves. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.45 points to 1,450.21 from 1,436.76...

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

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

Sensex up 183 points, banking stocks rally | Markets News

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

Stocks in Focus on May 27, 2020 | Markets News

New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »

Bursa Malaysia jumps higher after two-day break

KUALA LUMPUR, May 27 — Bursa Malaysia resumed trading on a higher note today after being closed for two days, as hopes for global recovery lifted the market sentiment. The local market was closed on Monday and yesterday for the Hari Raya Aidilfitri holiday. At 9.04am, the benchmark FTSE Bursa...

What triggered the 15% rally in bank stocks today?

Nifty Bank, which consists of 10 stocks, saw its best day in about two months.

Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally

Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.

Tesla cuts prices by as much as 6per cent in North America to boost demand

BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...

Tesla reduces car prices in North America and China

Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.

Tesla to cut car prices in North America, China

BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America

It's Supercharger quick-charger is also no longer free for new Model S and X customers.

Tesla slashes EV prices by up to $5,000 in North America and China

Tesla has given its more expensive models, the Model S and the Model X, the biggest price cut, slashing $5,000 off their old purchase price. The Model S Long Range Plus EV is now listed for $74,990 from $79,990, while the Performance version now costs $94,990.

Tesla to cut prices for some models in North America, China

U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, ...

Tesla cuts car prices by up to $5,000

Its prices in China are also being reduced.

Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump

Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.

Tesla to cut car prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned.

Tesla cuts prices by as much as 6% in North America to boost demand

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.

Boeing set to announce significant U.S. job cuts this week: union

WASHINGTON (Reuters) - Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union

Boeing set to announce significant US job cuts this week: Union

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".

Boeing set to announce significant US job cuts this week

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”

Boeing set to announce significant US job cuts this week: union

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week

Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees

Boeing set to announce significant US job cuts this week

A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.

Coronavirus pushes global credit rating downgrade threat to record high

LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.

Coronavirus pushes number of S&P credit-downgrade warnings to all-time high

A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning.

Halfords to reopen 53 stores after physical-distancing trial

Customers allowed in store for first time since UK coronavirus lockdown started on 23 March

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Halfords to fully reopen to customers in Dundee – but don’t handle the products

Halfords in Dundee is preparing to reopen to customers after a successful trial of physical-distancing measures on its shop floors.

Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown

A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items

The Halfords Code: Bike and car repair chain unveils how Covid-ready stores will operate with staff behind 'sneeze screens' and customer marshals - as 53 branches will fully reopen by Friday

During the UK lockdown, Halfords has been serving customers online and from car parks despite the Government saying that it was able to remain open.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Panama to relax coronavirus measures in second stage of re-opening

PANAMA CITY (Reuters) - The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

Panama to relax coronavirus measures in 2nd stage of re-opening

PANAMA CITY — The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

Panama to relax coronavirus measures in second stage of re-opening

PANAMA CITY  – The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

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

HONG KONG/FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.

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

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

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

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

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

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

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

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

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

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

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

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

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

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

Google to start reopening offices, sees 30% capacity by September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 30% in September, if conditions permit. Google and

Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September

Google had allowed their employees to work from home in early March. Alphabet Inc’s Google said on Tuesday it would … Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September Read More »

Google to reopen offices from July 6, will give employees working from home Rs 75K allowance

The tech giant will reopen at 10% of their capacity, and is targetting 30% in its offices by September.

Google to reopen offices from July 6, gives workers $1,000 each

Google's original plan was to keep work from home policy until June 1

Google to start reopening offices, targets 30per cent capacity in September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10per cent of their capacity beginning July 6 and scale ...

Google to start reopening offices, sees 30per cent capacity by September

Alphabet Inc's Google said on Tuesday it would start to reopen buildings in more cities beginning July 6 and scale up to 30per cent in September.

Covid-19: Google to reopen offices in July for limited number of employees

The company will also be giving $1,000 stipend for home office equipment to make remote work easier

Google to reopen offices from July 6, gives workers $1,000 each

Google has set July 6 the date for its employees to return to office in a gradual, phased manner and has announced to give $1,000

Israel Discount Bank Q1 profit dips on spike in credit loss provision

JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.

Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses

Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier

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

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

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

TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.

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

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

RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic

Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago

Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak

TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.

BMO profits slide

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

Royal Bank: Fiscal 2Q Earnings Snapshot

TORONTO (AP) _ Royal Bank Of Canada (RY) on Wednesday reported fiscal second-quarter earnings of $1.11 billion. The bank, based in Toronto, said it had earnings of 74 cents per share. Earnings, adjusted for non-recurring costs, were 77 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts …

Listed firms' dividends dip 1.9% in 2019

South Korean listed companies' dividend payouts slipped nearly 2 percent in 2019 from a year earlier amid a business slump, data showed Wednesday. Cash dividends paid out by 1,094 firms listed on the country's main and secondary stock markets totaled 22.6 trillion won ($18.3 billion) last year, down 1.9 percent from a year earlier, according to the data from the Korea Securities Depository. The number of dividend-p...

Ryanair's holiday bookings surge, sees UK dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join other European nations in dropping COVID-19 quarantine plans in the coming weeks, its CEO told Reuters on Wednesday, as he reported a “big surge” in holiday bookings from the country.

Ryanair says holiday bookings surge, sees Britain dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O’Leary said in an interview on Wednesday, reporting a “big surge” in holiday bookings from the country.

Ryanair’s holiday bookings surge, sees UK dropping quarantine

DUBLIN, May 27 — Ryanair expects Britain to join other European nations in dropping Covid-19 quarantine plans in the coming weeks, its CEO told Reuters today, as he reported a “big surge” in holiday bookings from the country. Last week, Britain announced a 14-day quarantine from June 8 for...

Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

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

The Dow broke above 25,000.

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

Strength in the financial sector offset losses in the materials sector

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

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

Dow Closes Above 25,000 For First Time Since March

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

Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine

Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine

S&P 500 rises on boost from bank shares

S&P 500 rises on boost from bank shares

Tech selloff weighs on S&P 500, Nasdaq

Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.

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

The Dow broke above 25,000.

Oil falls on demand concerns, US-China tensions

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

Oil slips on demand worries, Hong Kong tensions

Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...

Oil prices slip on demand worries even as Covid lockdowns begin to ease

Brent crude futures fell 21 cents, or 0.6 per cent, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9 per cent, at $34.04 a barrel

Oil falls on U.S.-China tensions over Hong Kong

Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

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

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

Crude oil futures up 0.62%, WTI trades above $34 a barrel

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore

Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.

ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion

It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain

Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.

Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain

Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore

Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore

Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus

The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.

EU Commission: European recovery plan and next long-term budget to use €1.85 trillion

The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t

EU Commission proposes €750bn recovery fund

The EU Commission will propose on Wednesday a €750bn recovery package, economics commissioner Paolo Gentiloni said in a tweet, calling it a "turning point" in the Covid-19 crisis. It comes on top of the one-trillion euro EU budget and the €540bn already a...

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

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

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

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

EU proposes $825 billion COVID-19 'Recovery Plan for Europe'

May 27 (UPI) -- The European Union on Wednesday proposed a $825 billion stimulus plan to help stabilize member states amid a recession brought on by the COVID-19 crisis.

EU Commission to propose EU budget worth €1.1 trillion – Reuters

The next EU budget proposed by the European Commission will be worth €1.1 trillion and will include the coronavirus recovery fund, Reuters reported on

EU proposes €750 billion coronavirus recovery fund

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

News Corp to axe hundreds of jobs

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

News Corp to axe hundreds of jobs

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

News Corp to cut hundreds of jobs in restructure

News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.

Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a

UK lends $22bn to small firms hit by coronavirus

LONDON: British small businesses have borrowed more than $22 billion under a government-guaranteed coronavirus credit program during its first three weeks of operation, outpacing bank lending under other schemes for bigger firms. The finance ministry offers banks a 100% credit guarantee on loans of up to 50,000 pounds under its Bounce Back Loan Scheme, after an 80% guarantee

Banks approve 90% of applications to defer mortgage payments

Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...

Startling Figures Reveal Extent Of Government Support For Beleaguered Economy

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

UK lends 18 billion pounds to small firms hit by coronavirus

UK lends 18 billion pounds to small firms hit by coronavirus

Boeing slashes 12,000 jobs

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Boeing cutting more than 12,000 jobs with layoffs, buyouts

The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.

Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned

Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...

Boeing Slashes Over 12,000 Jobs, With More Cuts Coming

The cuts come as the commercial airline industry has seen a historic fall in demand.

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.

Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts

The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

France promises €8bn to bail out struggling car industry

French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.

Macron's $8.8 billion plan would make France Europe's top clean car producer

President Emmanuel Macron announced an 8 billion euro (7 billion pounds) plan on Tuesday to make France the top producer of clean vehicles in Europe and urged French carmakers to make vehicles in their own country. French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the auto sector badly, and Macron wants to accelerate the transition to electric cars to help revive the industry. "We need a motivational goal: make France Europe's top producer

France unveils €8bn 'electric' rescue for car industry

French president Emmanuel Macron announced on Tuesday an €8bn rescue plan for the car industry - with a big boost for electric vehicles, Associated Press reported. "Our country wouldn't be the same without its great brands - Renault, Peugeot, Citroen," Ma...

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

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

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

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

France unveils stimulus plan worth €8 billion for car industry

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

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

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

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

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

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

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

Walmart, ThredUp Join Forces For Second-Hand Clothes

Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27).

Samsung now bringing thousands of consumer electronics retailers online

Samsung partnered with India's payments and installments platform Benow earlier this month to bring 20,000 smartphone retailers online, and now, the company is expanding its Benow partnership to give

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.

Walmart teams with ThredUP to sell used clothing online

NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.

Walmart Goes Full-Throttle on Resale With ThredUp

As part of an ongoing mission for fashion dominance, Walmart enters resale.

ThredUp Is The Win You Didn’t Know Walmart Needed

Walmart and ThredUp have announced an online partnership that will give consumers access to 750,000 pre-owned women’s and children’s items, accessories, footwear and handbags from ThredUp on Walmart’s site.

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

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

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

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

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

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

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

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

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

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

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

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

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

PARIS (Reuters) - Sanofi (SASY.PA) will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron (REGN.O), the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.

ByteDance Hit $3 Billion in Net Profit Last Year

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

Tiktok maker ByteDance hit $3-billion in net profit last year

TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.

TikTok owner made over R52 billion net profit last year – Report

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee opened weak.

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

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

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

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

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

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

USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows

The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit

USD/JPY Price Analysis: Bounces off intraday low to regain 107.50 as risks dwindle

USD/JPY pulls back from the daily bottom to 107.55 ahead of the European session on Wednesday. In doing so, the yen pair recovers from 21-day EMA whil

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

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

Gold slips below $1700 mark, over 2-week low

Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina

GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high

The GBP/USD pair retreated nearly 100 pips from the daily swing high and refreshed session lows, around mid-1.2100s in the last hour. The emergence of

Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions

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

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

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

Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus

Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul

Aussie dollar shines in COVID-19 recovery

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

Buy USDINR; target of 76.00 - 76.20: ICICI Direct

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

EU proposing £670bn recovery fund in response to coronavirus pandemic crisis

The EU Commission is proposing a 750 billion-euro recovery (£670bn) fund to help the bloc’s economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said. Mr Gentiloni, who is in charge of economic affairs at the EU’s executive body, confirmed the size of the fund in a tweet.

EU proposing €750bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

EU proposing £670bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

EU proposes $825-billion coronavirus recovery fund

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

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

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

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

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

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

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

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

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

Deepak Nitrite standalone Q4 net doubles to ₹116 crore

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

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

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

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

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

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

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

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

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

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

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

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

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

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

United Spirits Q4 down 57.8% to Rs 49.3 crore

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

Wonderla FY20 net profit up 17%

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

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

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

Buy Birla Corporation; target of Rs 610: ICICI Direct

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

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

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

Hold Firstsource Solution; target of Rs 31: ICICI Direct

ICICI Direct recommended hold rating on Firstsource Solution with a target price of Rs 31 in its research report dated May 27, 2020.

India’s worst recession is here, says Crisil

CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.

Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings

The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.

Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2

The contraction in the Q1 FY21 GDP may be as high as 40 per cent.

Construction at lowest level since 2010

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

Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings

Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before

Home building down 1.6pc, with worse to come

Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.

India’s GDP growth seen at 1.2% for Q4 Financial Year 2020

Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.

India facing its worst recession in current fiscal: Crisil

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

Apple will reopen 100 stores in the U.S. this week

Apple is reopening 100 more retail stores in the United States this week that it was forced to close because of the coronavirus, though customers won't be able to enter many of them just yet.

Apple to reopen about 100 US stores, most with curbside pickup

Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.

Apple reopens doors to nearly 100 US stores

Apple plans to reopen around 100 of its stores in the US by the end ...

Apple to reopen about 100 more US retail stores this week

The company has already reopened locations across Australia, Canada, Austria, Germany, South Korea, Italy and Switzerland, and plans to start opening stores in Japan and Sweden this week.

Apple Is Reopening 100 Retail Stores in the United States

Apple will be reopening 100 stores in the United States, based on easing restriction and data on local COVID-19 spread.

Apple to Reopen More Than 100 Stores in The US This Week

Apple will reopen more than 100 stores in the U.S. this week, as the tech giant looks to rebound from the body-blow its suffered due to the coronavirus

Apple to reopen about 100 stores in US, most with curbside pickup

CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...

Residential building declines as government considers cash grants for new homes

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

Residential building declines as government considers cash grants for new homes

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

Residential building declines as government considers cash grants for new homes

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

Lengthy housing recovery

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

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

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

France GDP could fall 'around 20%' in second quarter: Statistics agency

France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE

French economy to shrink by 20% in second quarter as recession deepens

France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…

France expects economic slow-down by 20% in Q2

French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.

World economic prospects darken, rebound delayed: Reuters poll

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

World economic prospects darken, rebound delayed – Poll

BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.

World economic prospects darken, rebound delayed: Poll

With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

Sensex, Nifty Nifty Likely To Open Flat

At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

Seoul stocks extend gains to third session on hopes of recovery

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

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

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

Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.

Stock markets mixed as China-US tensions return to fore

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

Asian markets in retreat as China-US tensions return to fore

Markets are concerned about another flare-up in Hong Kong on a controversial security law

Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.  

Stock markets mixed as China-US tensions return to fore

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

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

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

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

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

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

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

Gold prices hit 2-week low on reopening optimism

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

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

Nikkei pauses as profit-taking hits transport stocks

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

Covid-19: China’s industrial firms profits fall in April but at slower pace

Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.

Russia consumer demand drops, jobless jump in April lockdown

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

Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis

Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.

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

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

Korea's May exports tipped to dip 22.5% on pandemic: poll

South Korea's exports are expected to dip nearly 23 percent in May from a year earlier and post a trade deficit for the second consecutive month, a poll showed Wednesday, as the new coronavirus continued to disrupt global supply chains. The country's outbound shipments are estimated at $35.4 billion this month, falling sharply from $45.9 billion posted a year earlier, according to the poll by Yonhap Infomax, the fin...

RBC profit falls 54 per cent

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

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

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

Covid-19 to drive €4bn loan losses in Irish banks

Pandemic will wipe out capital due to be returned to shareholders

Nissan-Renault alliance to share more parts, technology

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

Nissan-Renault alliance to share more parts, technology

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

Nissan-Renault alliance to share more parts, technology

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

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Robinsons squash buoys Britvic as sales hit by pub closures

Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.

Robinsons squash buoys Britvic as sales hit by pub closures

Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.

Online UK grocery spending hits record in lockdown shopping spree

Overal­l UK grocer­y sales increa­sed by 13% year-on-year

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

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

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

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

Why Kotak Mahindra Bank share price rose 8% today

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

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

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

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

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

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

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

Silver futures dip 0.44% in afternoon trade

In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.

Facebook wallet for Libra digital coins renamed 'Novi'

Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would

Facebook rebrands digital wallet to escape Libra

Facebook revamped its Calibra digital wallet, rebranding the service to Novi, in an apparent attempt ...

Facebook Rebrands Libra-Wallet Calibra to Novi

Facebook has announced on Tuesday a name change of its Calibra wallet subsidiary to Novi.

Facebook renames Calibra digital wallet as Novi

Facebook announced the new name of Novi for its digital payments wallet. Plans for the wallet were first announced almost a year ago under the name Calibra. The digital wallet will be used to transact in Facebook's planned virtual currency Libra. 

Facebook’s Digital Wallet Calibra Gets a New Name Change

Libra digital wallet and Facebook subsidiary Calibra has been rebranded to Novi. Although now known by a new name, the digital wallet still maintains its goal of making financial services accessible to more people globally. 

Facebook’s Calibra Wallet Rebrands to Novi

Calibra, the digital wallet Facebook designed to be used with its cryptocurrency Libra, has now been renamed to “Novi.” The company established a new subsidiary

Facebook wallet for Libra digital coins renamed 'Novi'

The rebranding replaces the original name of 'Calibra' for the Facebook digital wallet which would work with the planned virtual currency Libra

Facebook wallet for Libra digital coins renamed 'Novi'

SAN FRANCISCO, May 27 ― Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed “Novi” yesterday. The rebranding replaces the original name of “Calibra” for the Facebook digital wallet which would work with the planned virtual currency. The Novi digital wallet set...

Paris-based Aircall raises $65 million Series C to expand cloud-based telephony platform

French cloud-based telephony platform Aircall has raised $65 million in Series C funding to capitalise on the surge in remote communication needs. The round was led by DTCP, with participation from new investors Swisscom and Adam Street, as well as existing investors Balderton Capital, Draper Esprit, eFounders and NextWorld. The Paris-based scale-up wants to replace […]

Amsterdam-based henQ announces new €70 million fund for B2B software startups

Amsterdam-based venture capital firm henQ has launched its fourth fund, henQ 4, with a first close of €70 million. The Dutch VC typically leads pre-seed to Series A rounds in B2B software companies across Europe. In fact many of the firm’s LPs are fellow B2B software entrepreneurs, contributing about half of the new fund. In […]

Kentik raises $23.5M for its network intelligence platform

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

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

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

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

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

Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension

Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti

US dollar edges higher as US, China worries resurface

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

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

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

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

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

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

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

Nigeria’s Q1 capital import hits $5,854.38m - The Nation Nigeria

Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics....

Capital importation grows by 54% to $5.9bn in Q1’20

The value of capital importation into the country grew quarter on quarter (QoQ) by 54 percent to $5.9 billion in the first quarter of

Foreign direct investment dropped to $214.25m in Q1 – NBS

Nike Popoola Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019. The National Bureau of Statistics disclosed t...

Coinbase Strengthens Institutional Focus, Acquires Leading Crypto Brokerage

Major cryptocurrency firms continue to pave the way for institutional involvement in the space. The US-based digital asset exchange, Coinbase, just

Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund

Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch

Tokocrypto 2.0 powered by Binance Cloud

Tokocrypto has launched Tokocrypto 2.0, an upgraded cryptocurrency exchange powered by Binance Cloud.

Coinbase Buys Tagomi to Boost Institutional Trading

Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.

Mercedes-Benz to introduce 10 new models in 2020, unveils two AMG models at ₹1.33 crore & ₹2.48 crore

These two are the additions to the Mercedes-AMG portfolio in India.

Mercedes-Benz launches AMG C63 Coupe, AMG GT R Coupe in India; priced at Rs 1.33 cr and Rs 2.48 cr

German luxury car maker Mercedes-Benz on Wednesday expanded its performance vehicle portfolio in India with the launch of AMG C63 Coupe and AMG GT R Coupe, priced at Rs 1.33 crore and Rs 2.48 crore (ex-showroom India, except Kerala), respectively

Mercedes Benz bets on high-performance cars for the tech-inclined driver

Prices start at Rs 75 lakh for C43 Coupe to Rs 3 crore for a fully loaded AMG S63.

EUR/USD: Failure at 1.10 may fuel a fall

EUR/USD Wednesday's four-hour chart is showing some weakness after failing to top 1.10, as FXStreet’s analyst Yohay Elam notes. OCBC Bank also sees th

GBP/USD: Focus on the strong resistance at 1.2360

GBP/USD Wednesday's four-hour chart is painting a bullish picture with clear resistance at 1.2360, as FXStreet’s analyst, Yohay Elam notes. UBS expect

EUR/USD: Extra gains expected above 1.1020 – UOB

FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s

Gold: On the verge of losing the $1700 level

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

EUR/USD Forecast: Looking for a Breakout

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

NZD/USD: Further gains lie ahead if 0.6230 is cleared – UOB

A break above 0.6230 in NZD/USD should open the door to further upside, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We highli

USD/CAD Price Analysis: Clings to 100-day EMA below 1.3800

USD/CAD consolidates losses from multi-day low while taking rounds to 1.3780/85 during the pre-European session on Wednesday. The Loonie pair dropped

USD/CNH faces further upside pressure – UOB

FX Strategists at UOB Group expect USD/CNH to edge higher in the near term. Key Quotes 24-hour view: “USD traded between 7.1355 and 7.1491 yesterday,

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

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

GBP/USD Price Analysis: Finds some support near 38.2% Fibo./descending channel confluence region

The GBP/USD pair stalled its overnight strong bullish momentum near the 50% Fibonacci level of the 1.2644-1.2076 recent downfall and witnessed a modes

GBP/USD: Potential move to 1.2400 on the cards – UOB

Cable could extend the upside momentum to the 1.2400 mark in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterda

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

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

EUR/USD Price Analysis: Upside momentum fades below 1.1000

EUR/USD retreats from 1.0996 to currently around 1.0972, down on 0.09% a day, during Wednesday’s Asian session. The pair’s recent pullback takes clues

USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range

USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows

USD/CHF Price Analysis: Bullish Doji on H4 favors recovery above 0.9650

USD/CHF portrays gradual recovery from the intraday low while taking the bids near 0.9670, up 0.13% on a day, during the pre-European session on Wednesday.

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Airtel block deal: Now, Sunil Mittal’s telecom group looks to go debt-free after Mukesh Ambani’s RIL

Bharti Airtel’s promoter firm Bharti Telecom raised Rs 8,433 crore on Tuesday, selling 2.75% stake in the telecom major to institutional investors through an accelerated book building process in the secondary market.

Bharti Telecom raises $1.1B from Airtel stake sale

Bharti Telecom, the holding company of India’s Bharti Airtel, sold a 2.75 per cent stake ...

Bharti Telecom sells 2.75% stake in Airtel

Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore

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

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

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

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

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

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

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Govt may launch coal blocks auction process under commercial mining on June 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Govt may launch coal blocks auction process

The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected

GoBear raises $17 million for underbanked play

Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.

Singapore fintech firm secures $17M to build out platform | ZDNet

Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.

Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners

Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.

Ola Financial Services raises Rs 205 crore from Matrix Partners, others

Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.

San Francisco neobank Aspiration raises $135m in Series C round

San Francisco-based fintech firm Aspiration has raised $135 million in a Series C funding round led by investors Alpha Edison.

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

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

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

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

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

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

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

What every Canadian investor needs to know today

A look at the morning’s market action

Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.

While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.

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

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

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

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

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

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

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

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

John Lewis unveils plans to reopen department stores from June 15

It is part of a phased reopening - but some stores are expected to remain shut.

After rare silence, Istanbul’s Grand Bazaar prepares to reopen

ISTANBUL, May 27 — An eerie silence has fallen over Istanbul’s Grand Bazaar, one of the world’s oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries. But there are now signs of life at the market as municipal workers...

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries.

Grand Bazaar prepares to reopen

: An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets

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

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

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

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

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

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

This Pidilite Industries-promoted stock has rallied over 100% in one month

Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE

Sun Pharma share price falls 3.5% post Q4 earnings

Stock price of Sun Pharma has fallen 1.12% in one week and 8% in one month. However, the stock has risen 4.17% since the beginning of the year.

Skinbiotherapeutics (LON:SBTX) Shares Down 1.5%

Skinbiotherapeutics PLC (LON:SBTX) dropped 1.5% during mid-day trading on Monday . The stock traded as low as GBX 16.68 ($0.22) and last traded at GBX 16.75 ($0.22), approximately 423,279 shares traded hands during mid-day trading. An increase of 62% from the average daily volume of 261,826 shares. The stock had previously closed at GBX 17 […]

NCLT approves IL&FS stake sale in GIFT City to Gujarat govt

That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

Government has no choice, must listen to wise counsel, says Chidambaram

The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.

Sooner than later, govt will accept our suggestions on economy: Chidambaram

A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram

Government has no choice, must listen to wise counsel: Chidambaram

India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su

Government has no choice, must listen to wise counsel: Chidambaram

NEW DELHI: The Congress, after rejecting the government’s economic package announced to revive the economy, has said that sooner than … Government has no choice, must listen to wise counsel: Chidambaram Read More »

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

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

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

Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...

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

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

Yuan slumps on Sino-US tensions

Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.

Geopolitical time bomb ticks under market rally

Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.

3 China-Proof Stocks To Consider As Trade Tensions Reignite

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

European stocks climb as investors eye bigger-than-expected EU stimulus plan

European stocks climbed on Wednesday, amid reports the European Union will announce a bigger-than-expected €750 billion stimulus program for the region’s...

Banks, automakers drive European stocks higher, EU recovery plan awaited

European shares edged higher on Wednesday as investors focused on a fresh EU stimulus plan , but renewed U.

European stocks surge on expectation of EU recovery package

US equity futures advance ahead of opening

WTI strength fizzles around $34.00, API data eyed

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

Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700

Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped

WTI stays below $34.50, prints mild losses in Asia

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

Americas will be hardest hit by COVID-19 job losses: International Labour Organization

The outbreak also risks creating a "lockdown generation" of young people forced to play catch-up on the labour market for at least 10 years, the Geneva-based body said.

Americas will be hardest hit by Covid-19 job losses, says ILO

GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...

Americas will be hardest hit by COVID-19 job losses: ILO

The Americas, meanwhile, had jumped from being the least affected region in labour market terms in the first quarter to being the most affected, with an expected 13.1 percent drop in working hours in the second, ILO Director-General, Guy Ryder, told a briefing.

US Treasury pressure leads to new probe of African Development Bank chief

Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.

AfDB board bows to US pressure to probe its president

Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the

Report: AfDB succumbs to US’ demand, agrees to independent probe of Adesina

This comes after US treasury secretary rejected the report of the bank's ethics board which absolved Adesina of allegations of favouritism.

Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of

Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »

Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19

Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.

One million businesses claim £15bn from Government furlough scheme

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

Government furlough scheme now covers 8.4 million workers

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

One million businesses claim £15bn from Government furlough scheme

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

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

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

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

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

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

Strict rules Primark fans will need to follow when stores reopen

Primark stores will look very different with changes to how customers shop and browse items

Primark's new rules for when stores reopen

Shops will be allowed to welcome back customers in England from June 15

McDonald's, Primark, IKEA and Poundland among major chains making announcements ahead of June 15

Including McDonald's Drive Thru branches and Primark stores

BitGo Launches Crypto Brokerage for Institutions

BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.

BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime

Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims

Digital Currency Trading & Lending Platform Genesis Acquires Institutional Custodian Vo1t

Genesis, a digital currency trading and lending platform, recently announced it has acquired Vo1t, an insured digital institutional custody service. Genesis rep

Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App. HKT Financial Services offers mobile payments, merchant services, O2O solutions, insurance packages under the Tap & Go, HKT Merchant Services and HKT Care. HKT Financial Services is a key part of HKT Group’s digital ecosystem, which provides an integrated

GCEX to Use Koine Custody and Settlement Service

Koine, a provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GCEX.

UK Fintech SumUp Launches Payment Tools to Help Businesses Conduct Operations while Observing Social Distancing Measures Due to COVID-19

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing meas

States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari

"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.

States should come forward with ₹20 tn to battle COVID-19 disruptions: Gadkari

More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with ₹20 trillion, while another ₹10 trillion can be harnessed from public-private investment, said Nitin Gadkari

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.

More liquidity needed, states should come forward with Rs 20 trn: Gadkari

Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately

Eden Project considers new attraction in Dundee

The original Eden Project in Cornwall has attracted more than 22 million visitors since 2001.

Eden Project considers new attraction in Dundee

The original Eden Project in Cornwall has attracted more than 22 million visitors since 2001.

Eden Project reveal plans for huge undercover rainforest visitor attraction in Dundee

THE Eden Project have revealed plans to construct a huge undercover rainforest in Dundee. The charity, Eden Project International, are exploring the feasibility of opening the new attraction in the…

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

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

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

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

10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

Scomoprime brims over

Via Banking Day:

UBS: Consumers ready to spend, borrow

Via the excellent George Tharenou:

Sydney becomes “biggest tenants market in 20 years”

If you’re looking for a new rental property now could be the time to upgrade to that waterfront view, with prices across the city suffering from a ‘covid-crunch’. @RuthWW #9News pic.twitter.com/MQ7yM4Gu99

Supply side inflation easing

Via the excellent Damien Boey at Credit Suisse:

Four recruitment firms join hands to help India Inc return to work

India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work

Four recruitment firms join hands to help India Inc return to work

(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »

Staffing giants join forces to decode COVID-19 puzzle

Give a clarion call: ‘Help India Get Back to Work Safely’

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

Aditya Birla Fashion plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.

Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.

Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

Mega lockdown puts India's animal spirits to sleep in April

India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

The Reserve Bank of India expects contraction in the current fiscal year India’s economy was pushed into a state of … Virus Lockdown Put India Animal Spirits To Sleep, Signals Data Read More »

Rs 15,000 crore worth MoUs to be signed in TN today

Even before the lockdown could fully be lifted, Tamilnadu is today set to sign MoUs with multiple companies which are keen to invest in the State. Continue Reading →

TN inks mega investment pacts worth Rs 15,000 crore

Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

COVID-19 to accelerate digital adoption in India; Jio helped spur internet usage: Morgan Stanley

India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US. Morgan Stanley projected India's 670 million internet users to rise to 914 million by 2027 and online shoppers to jump to 590 million from 190 million in 2020.

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.

Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.

HDFC AMC marks down value of Essel Group NCDs by Rs 120 crore: Report

HDFC AMC had marked down Rs 120 crore due to the drop in share prices of ZEE and Dish TV, which were used as collateral by Essel group.

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

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

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

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

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

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

PNC Financial Services Group Inc. Cuts Stake in Anheuser Busch Inbev NV (NYSE:BUD)

PNC Financial Services Group Inc. decreased its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,091 shares of the consumer goods maker’s stock after selling 4,614 shares during the quarter. […]

Hawaiian Electric Industries, Inc. (NYSE:HE) Holdings Boosted by Swiss National Bank

Swiss National Bank boosted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,300 shares of the utilities provider’s stock after acquiring an additional 2,600 shares during the period. Swiss National Bank owned […]

Swiss National Bank Grows Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Swiss National Bank lifted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,831 shares of the aerospace company’s stock after buying an additional 75,600 shares during the period. Swiss […]

First Trust Advisors LP Trims Stake in Westlake Chemical Co. (NYSE:WLK)

First Trust Advisors LP trimmed its holdings in shares of Westlake Chemical Co. (NYSE:WLK) by 29.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,430 shares of the specialty chemicals company’s stock after selling 34,448 shares during the quarter. First […]

Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]

Pinterest (NYSE:PINS) CFO Todd R. Morgenfeld Sells 36,233 Shares

Pinterest (NYSE:PINS) CFO Todd R. Morgenfeld sold 36,233 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.59, for a total transaction of $673,571.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. PINS […]

Ares Management Corp (NYSE:ARES) Insider Sells $1,861,277.25 in Stock

Ares Management Corp (NYSE:ARES) insider David B. Kaplan sold 50,647 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $1,861,277.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which […]

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman Sells 2,635 Shares of Stock

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman sold 2,635 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.81, for a total transaction of $54,834.35. Following the sale, the chief operating officer now directly owns 146,890 shares of the company’s stock, valued […]

Bank of Montreal 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Bank of Montreal in conjunction with their 2020 Q2 earnings call.

Photronics, Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Photronics, Inc. in conjunction with their 2020 Q2 earnings call.

Royal Bank of Canada 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Royal Bank of Canada in conjunction with their 2020 Q2 earnings call.

Columbus McKinnon Corporation 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Columbus McKinnon Corporation in conjunction with their 2020 Q4 earnings call.

PNC Financial Services Group Inc. Has $1.75 Million Position in UGI Corp (NYSE:UGI)

PNC Financial Services Group Inc. lessened its stake in UGI Corp (NYSE:UGI) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,435 shares of the utilities provider’s stock after selling 7,588 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UGI […]

Oppenheimer Asset Management Inc. Raises Position in Amdocs Limited (NASDAQ:DOX)

Oppenheimer Asset Management Inc. boosted its stake in Amdocs Limited (NASDAQ:DOX) by 40.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,343 shares of the technology company’s stock after buying an additional 2,680 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings […]

PNC Financial Services Group Inc. Buys 18,570 Shares of iShares Silver Trust (NYSEARCA:SLV)

PNC Financial Services Group Inc. grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,308 shares of the exchange traded fund’s stock after acquiring an additional 18,570 shares during the quarter. […]

Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)

Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]

Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position

Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]

Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]

Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)

Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]

Aigen Investment Management LP Grows Stake in Steelcase Inc. (NYSE:SCS)

Aigen Investment Management LP increased its stake in Steelcase Inc. (NYSE:SCS) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,831 shares of the business services provider’s stock after acquiring an additional 2,639 shares during the period. […]

PNC Financial Services Group Inc. Raises Stake in DENTSPLY SIRONA Inc (NASDAQ:XRAY)

PNC Financial Services Group Inc. boosted its position in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 36.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,949 shares of the medical instruments supplier’s stock after buying an additional 12,660 shares […]

Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]

1,927 Shares in Liberty Broadband Corp Series C (NASDAQ:LBRDK) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Liberty Broadband Corp Series C (NASDAQ:LBRDK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,927 shares of the company’s stock, valued at approximately $213,000. Several other institutional investors also recently […]

ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)

ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]

PNC Financial Services Group Inc. Increases Holdings in Verisign, Inc. (NASDAQ:VRSN)

PNC Financial Services Group Inc. lifted its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,095 shares of the information services provider’s stock after acquiring an additional 906 shares during the quarter. PNC […]

Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]

Oppenheimer Asset Management Inc. Buys Shares of 6,823 Cimpress NV (NASDAQ:CMPR)

Oppenheimer Asset Management Inc. bought a new stake in shares of Cimpress NV (NASDAQ:CMPR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,823 shares of the business services provider’s stock, valued at approximately $363,000. Several other institutional investors have also modified their holdings of […]

IndexIQ Advisors LLC Invests $177,000 in Marcus & Millichap Inc (NYSE:MMI)

IndexIQ Advisors LLC bought a new stake in shares of Marcus & Millichap Inc (NYSE:MMI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,532 shares of the real estate investment trust’s stock, valued at approximately $177,000. A […]

PNC Financial Services Group Inc. Boosts Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

PNC Financial Services Group Inc. increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,951 shares of the industrial products company’s stock after purchasing an additional 2,610 shares during […]

First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)

First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]

ETRADE Capital Management LLC Increases Stake in Proto Labs Inc (NYSE:PRLB)

ETRADE Capital Management LLC grew its position in Proto Labs Inc (NYSE:PRLB) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,066 shares of the industrial products company’s stock after acquiring an additional 686 shares during the quarter. ETRADE Capital […]

Mackay Shields LLC Takes $956,000 Position in Turning Point Therapeutics (NASDAQ:TPTX)

Mackay Shields LLC purchased a new stake in Turning Point Therapeutics (NASDAQ:TPTX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,400 shares of the company’s stock, valued at approximately $956,000. Other large investors have also recently added to or […]

Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]

First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)

First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]

PNC Financial Services Group Inc. Has $2.22 Million Stock Position in iShares MSCI Eurozone ETF (BATS:EZU)

PNC Financial Services Group Inc. decreased its stake in iShares MSCI Eurozone ETF (BATS:EZU) by 21.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,893 shares of the company’s stock after selling 19,604 shares during the quarter. PNC Financial Services Group Inc.’s holdings in […]

iShares Europe ETF (NYSEARCA:IEV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of iShares Europe ETF (NYSEARCA:IEV) by 41.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,795 shares of the company’s stock after selling 36,838 shares during the quarter. PNC Financial Services […]

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,393 shares of the company’s stock after selling 11,224 shares during the quarter. […]

AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]

Capital Advantage Inc. Has $958,000 Stake in Johnson & Johnson (NYSE:JNJ)

Capital Advantage Inc. boosted its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,305 shares of the company’s stock after buying an additional 138 shares during the quarter. Capital Advantage Inc.’s holdings in […]

Johnson & Johnson (NYSE:JNJ) is Moloney Securities Asset Management LLC’s 3rd Largest Position

Moloney Securities Asset Management LLC grew its position in shares of Johnson & Johnson (NYSE:JNJ) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,097 shares of the company’s stock after purchasing an additional 8,210 shares during the […]

Johnson & Johnson (NYSE:JNJ) Shares Sold by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC trimmed its stake in Johnson & Johnson (NYSE:JNJ) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,868 shares of the company’s stock after selling 365 shares during the quarter. Johnson & Johnson makes up 1.6% of Biondo Investment […]

Quilter Plc Decreases Stock Holdings in Johnson & Johnson (NYSE:JNJ)

Quilter Plc decreased its position in shares of Johnson & Johnson (NYSE:JNJ) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,207 shares of the company’s stock after selling 269 shares during the period. Johnson & Johnson makes up about 1.2% […]

Nations Financial Group Inc. IA ADV Has $1 Million Stake in Johnson & Johnson (NYSE:JNJ)

Nations Financial Group Inc. IA ADV lessened its stake in Johnson & Johnson (NYSE:JNJ) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,655 shares of the company’s stock after selling 135 shares during the period. Nations Financial Group Inc. IA […]

Johnson & Johnson (NYSE:JNJ) Holdings Lifted by Partnervest Advisory Services LLC

Partnervest Advisory Services LLC increased its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 12.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,776 shares of the company’s stock after purchasing an additional 725 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Johnson & Johnson were worth $889,000 as of […]

Johnson & Johnson (NYSE:JNJ) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in shares of Johnson & Johnson (NYSE:JNJ) by 21.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,147,766 shares of the company’s stock after purchasing an additional 2,003,900 shares during the period. […]

Security National Bank of SO Dak Trims Holdings in Johnson & Johnson (NYSE:JNJ)

Security National Bank of SO Dak lowered its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 7.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,402 shares of the company’s stock after selling 1,006 shares during the quarter. Johnson & Johnson accounts for about 2.3% of Security National Bank of SO Dak’s […]

The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic

Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.

The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic

Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.

EU Aims to Back Struggling South With Fiscal Shock and Awe

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

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

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

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

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

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

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

Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery

Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees. 

Amtrak set to cut up to 20% of workforce by October

Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...

Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei

KUALA LUMPUR (Reuters) - Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.

Celcom prepares for 5G vendor selection

Malaysia-based Celcom Axiata is tipped to deploy a 5G network using two equipment suppliers and ...

A Tech Billionaire May Find Use in a Cold War

Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.

Mukesh Ambani's Jio listing can profit from US-China tech war

Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?

LATAM becomes largest airline driven to bankruptcy by coronavirus

(Reuters) - LATAM Airlines Group (LTM.SN), the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.

Latam becomes largest airline driven to bankruptcy by coronavirus

NEW YORK, May 27 — Latam Airlines Group, the continent's largest carrier, filed for US bankruptcy protection yesterday, becoming the world's largest carrier so far to seek an emergency reorganisation due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America's...

Digital strategies key for retail to survive a shifting consumer landscape

The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.

Digital strategies key for retail to survive a shifting consumer landscape

The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.

A’s suspend minor leaguers pay, place employees on furlough

The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as

A's to place scouts on furlough, end minor league pay

The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as part of a cost-cutting move in response to the COVID-19 pandemic.

Shares in Latin America's biggest airline drop 35% after bankruptcy filing

SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...

Shares in Latin America's biggest airline plunge after bankruptcy filing

Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.

Blackstone risks paying damages in dispute with Italy's RCS

Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...

Italy's RCS says it may win damages in dispute with Blackstone after ruling

Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...

US lawmaker wants insurers and taxpayers to share payouts for future pandemic business losses

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...

US lawmaker wants insurers, govt to share future pandemic business losses

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...

Mexico's auto industry restart gathers steam as lockdown eases

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...

Mexico's auto industry restart gathers steam, Ford still waiting

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...

Abe Cabinet OKs another ¥117 trillion package to fend off COVID-19 fallout

The new package is aimed at further shoring up steps to help individuals and companies that are financially struggling due to the coronavirus.

Japan doubles down on stimulus with extra $1 trillion in aid

Package includes financing for companies, rent subsidies and healthcare assistance

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

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

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

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

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

UK economy faces 5% annual deficit by 2024, say economists

Survey forecasts coronavirus undermining Britain’s public finances until next election

Economists: UK economy to face 5% annual deficit by 2024 – FT

According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t

NordStar Capital buys Torstar Corp. for $52-million

Transaction was recommended by a special committee of media company’s board of directors

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

Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million.

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

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

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

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

Mukesh Ambani’s youngest son Anant Ambani on board of Jio Platforms; here’s what he had said about RIL

Anant Ambani, the youngest son of Asia’s richest person Mukesh Ambani, has formally joined the group’s digital venture Jio Platforms as an additional director.

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr

The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA

Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry

Herding wild buffalo and cattle from space

More than 1000 feral buffalo and unmanaged cattle roaming Northern Australia will be tagged and tracked as part of the world's largest satellite herd-tracking program, announced today by Australia's national ...

CSIRO using GPS to monitor Australia's wild bovine from space | ZDNet

Australia's scientific research organisation has launched a AU$4 million satellite herd-tracking program.

Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market

Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market

Glenmark gets USFDA nod to market generic drug for muscle pain

Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.

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

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

Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures

Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...

JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins

Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO

Leo Puri to take over as Chairman of JP Morgan

Kalpana Morparia to retire

Floor trading resumes at Wall Street, with masks and plexiglas

Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.

Floor trading resumes at NYSE, with masks and plexiglas

New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.     

EU to propose €750bn Covid recovery package for states

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

EU to propose €750bn Covid-19 recovery package

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

Over a third of Indian women don't own gold but want to buy it: WGC survey

60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.

‘Over a third of Indian women have never bought gold jewellery’

14% will never consider buying; jewellers need to meet the fashion expectations of women, says World Gold Council survey

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

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

USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H

USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see

Natural Gas Price: Cautiously positive

CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl

Crude Oil Futures: Look neutral near-term

In light of advanced data for crude oil futures markets from CME Group, open interest dropped for yet another session on Tuesday, this time by just 30

US Dollar Index Price Analysis: Rising odds for a move to 98.50

DXY is losing the grip further on Wednesday, extending the decline for the second consecutive session after being rejected from the 100.00 mark at the

EUR/JPY Price Analysis: Shifts the focus to the 200-day SMA

EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier at 119.00 the fig

EUR/USD: Above key resistance at 1.1019 would mark an important base – Credit Suisse

EUR/USD strength has extended to retest important resistance from its early May high and 200-day average at 1.1009/19, which is being tested and would

AUD/USD: Looking at the 0.6706 resistance to open upside potential – Credit Suisse

AUD/USD has pushed higher to test of 0.6659/6706, a pivotal resistance area comprising of the 200-day average, the March high, and 78.6% retracement,

Backup to Microsoft Azure with Veeam Direct Restore

Direct Restore to Microsoft Azure is included in the Veeam Backup and Replication solution and allows companies in East Africa to restore Veeam backups directly on their Azure platform in just two steps.

Smart Stamp Software Developer 12CM Partners South Korea’s Largest Search Engine Provider, Naver, to Launch Cloud-Powered Fintech Platform

12CM (pronounced One-two-cee-em), the “smart” stamp software platform provider and a member company of the Born2Global Center, has partnered with Naver Busi

Nike's Air Max 200 Receives Cool "Indigo Fog" Makeover

Inspired by clouds and gusts of wind.

Nike Outlines Air Force 1 '07 LV8 With Bright "Team Orange" Highlights

The court classic gets a summery makeover.

Global airlines body raises alarm over bailout debts

Says heavy debts from govts will delay indust­ry’s recove­ry

Airline debt could rise to US$550 billion by year-end: IATA

IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…

Sarb says lenders can handle coronavirus crisis

Although financial stability risks are elevated and the outlook is challenging, says governor.

SA Reserve Bank says lenders can handle coronavirus crisis

The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.

UK lockdown drives fastest growth in grocery sales for over 25 years

LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...

UK lockdown drives fastest growth in grocery sales for over 25 years

Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.

Sharp IT budget cuts expected in wake of COVID-19

Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.

[Monitor] Air transport hit hardest by pandemic

The production performance of many Korean companies was found to have deteriorated in the first quarter this year due to the global economic downturn and the impact of the pandemic, latest data showed Wednesday. Local corporate tracker CEOScore surveyed 127 companies, which submitted quarterly reports and disclosed their production capacity and performance, among the nation’s top 500 companies. According to...

S. Korea’s global GDP ranking slips to 10th place: data

South Korea’s global GDP ranking slipped to 10th place last year, the first drop since the 2008 global financial crisis, data showed Wednesday.  According to the Organization for Economic Cooperation and Development, the country’s nominal GDP stood at $1.64 trillion in 2019 ranking No. 10 out of 38 OECD member countries, two rungs down from 2018. Asia’s fourth-largest economy was outpaced by C...

S. Korea's GDP ranks 10th worldwide in 2019

South Korea's gross domestic product (GDP) ranked 10th in the world in 2019, down two notches from the previous year, data showed Wednesday. Asia's fourth-largest economy registered $1.64 trillion in nominal GDP last year, according to the data from the Organization for Economic Cooperation (OECD). It marked South Korea's first ranking drop since the 2008 global financial crisis. The OECD analyzed 38 advanced and e...

Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years

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

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

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

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

EU to unveil massive stimulus plan for post-coronavirus recovery

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

Ringgit up against US dollar at close

KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...

Ringgit strengthens against US dollar in early trade

KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...

Nfld. warns of exodus

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

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

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

CEO pay tops $12.3M

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

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

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

Management One Taps Michael Alic for President Role

Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.

BTP Appoints Paul Forrest as Inaugral Non-Exec Chairman

Blockchain Technology Partners (BTP) announced this Wednesday that it has appointed Paul Forrest as its inaugural non-executive chairman.

Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala

Gold rates have seen a decline on Wednesday amid fall in prices at international markets. On MCX gold futures down by approximately 0.18 percent to Rs. 48,800 while the Silver futures on MCX increased by Rs 700 to Rs. 48,700 per kg.

Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala, Vizag - 27 May 2020

Gold and silver rates today 27 May 2020: Gold rates have seen a decline on Wednesday amid fall in prices at international markets.

A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback

A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.

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

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

Board: Puerto Rico to see 65% surplus drop amid debt crisis

A federal control board that oversees Puerto Rico’s finances prepared to vote Wednesday on a revised fiscal plan as it warned the island’s surplus could plunge by 65% and that the government is unable

Board: Puerto Rico to see 65% surplus drop amid debt crisis

SAN JUAN, Puerto Rico — A federal control board that oversees Puerto Rico’s finances said Tuesday that the island could be hit with a deficit earlier than expected and see its surplus plunge by 65% in upcoming years, warning the government cannot afford to pay current debt obligations.

Average monthly salary EUR 1,100 in Latvia

Data released by the Central Statistical Bureau (CSB) May 27 show that in the first quarter of 2020 the average gross wages and salaries for full-time work increased by 6.6 % or EUR 68 and comprised EUR 1,100.

Average wage amount after taxes in Latvia – EUR 812

In Q1 2020 the average gross wages and salaries for full-time work increased by 6.6 % or EUR 68 and comprised EUR 1 100.

Gucci Changes in Sync With the Zeitgeist

Observers believe shaking the industry's unwritten rules was long overdue and that the pandemic has accelerated the trend,

Gucci, Saint Laurent seek radical redo of fashion calendars

SOAVE, Italy (AP) — Gucci and Saint Laurent are two of the highest-profile luxury f...

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe but will have to win over sceptical member states to push it through.

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

Lockdown loan secures future of Roman fort trust

The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.

Lockdown loan secures future of Roman fort trust

The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.

TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER, May 26, 2020 /CNW/ - TSX VENTURE COMPANIESOCEANIC WIND ENERGY INC. ("NKW")[formerly NaiKun Wind Energy Group Inc. ("NKW")]BULLETIN TYPE...

TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER, May 26, 2020 /CNW/ - TSX VENTURE COMPANIESOCEANIC WIND ENERGY INC. ("NKW")[formerly NaiKun Wind Energy Group Inc. ("NKW")]BULLETIN TYPE...

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg

Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic

The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.

Green Cabs in liquidation, jobs cut

Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...

Green Cabs in liquidation, jobs cut

Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...

Amazon in talks to buy autonomous vehicle start-up Zoox

Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

Amazon in Talks to Buy Autonomous Vehicle Startup Zoox

Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

KKR to invest USD 1 bln in European venture for hyperscale data centres

The investment firm KKR has partnered with entrepreneur Franek Sodzawiczny to launch a data centre company in Europe. The new venture Global Technical Realty (GTR) will provide build-to-suit data centres for large technology companies in Europe. 

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

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

Government may get RBI to monetise deficit

India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio

Deficit Monetisation: Government may get RBI to monetise deficit | India Business News

NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »

Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism

The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.

Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism

The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.

Fresh dairy introduces free home delivery services

Kampala, Uganda |  THE INDEPENDENT |  Khisa Isaac In a bid to enable customers access milk products without leaving their homes to curb the ongoing coronavirus pandemic, milk processor, Fresh Dairy, has unveiled a free home delivery services for both its Fresh Dairy and Brookside products.   The service dubbed ‘Staysafe Stay healthy’ will see the …

Fresh Dairy starts free home delivery services

Fresh Dairy has announced its free home delivery services dubbed ‘#Staysafe #Stayhealthy’ for both its Fresh Dairy and Brookside products. The Fresh Dairy General Manager – Sales Joseph Awino said, the #Staysafe #Stayhealthy is a home delivery solution aimed at ensuring that their consumers remain safe and healthy while enjoying greater convenience and safe product transportation using their door to door motorbike delivery solution during the on-going global COVID-19 pandemic. “Fresh Dairy’s home delivery solution – ‘#Staysafe #Stayhealthy’ is free and available to all customers in Kampala and Greater Kampala areas of Entebbe, Wakiso and Mukono districts primarily throughout the week. “Customers are encouraged to call our customer care toll free line on 0800100020/21 or Whatsapp 0715744664 all throughout the day (8 am to 6 pm) to place their orders, that come with free delivery,” said Awino. Awino further noted that all Fresh Dairy and Brookside products are available for the free home delivery services to include:…

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Government extends BPCL bid deadline to July 31

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.

BPCL privatisation bid deadline further extended until July 31

While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.

Administrators deny South African Airways set to start flying

JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.

Administrators deny South African Airways set to start flying

JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.

Not a scam: Watch for stimulus debit cards in the mail

The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.

It's not a scam: Watch for stimulus debit cards in the mail

The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.

Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.

Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.

NZ Olive Oil Makers Win Big, Kiwis Encouraged To Buy Local

New Zealand, 27 May 2020 – Kiwis are being encouraged to support local and buy world-beating olive oil made by New Zealand growers, who have won seven Gold Medals at the 2020 New York International Olive Oil Competition.

About Olives New Zealand

News from Olives New Zealand Kiwis are being encouraged to support local and buy world-beating olive oil made by New Zealand growers, who have won seven Gold Medals at the 2020 New York International Olive Oil Competition.

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

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

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

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

Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for May delivery traded down by Rs 8.50, or 0.92 percent, to Rs 920.40 per kg with a business turnover of 29 lots.

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc for delivery in May declined by Rs 2.80, or 1.74 percent, to Rs 158.05 per kg in a business turnover of 1,513 lots.

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

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

Ooma, Inc. (OOMA) CEO Eric Stang on Q1 2021 Results - Earnings Call Transcript

Ooma, Inc. (NYSE:OOMA) Q1 2021 Earnings Conference Call May 26, 2020 5:00 PM ET Company Participants Matt Robison - Director of IR and Corporate Development Eri

Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)

Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]

Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)

Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]

Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]

Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]

Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)

Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]

ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)

ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]

Cetera Advisor Networks LLC Sells 226 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Cetera Advisor Networks LLC reduced its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,757 shares of the technology infrastructure company’s stock after selling 226 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Akamai Technologies were worth $252,000 as of its most recent […]

Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Acquired by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 2,658 shares of the technology infrastructure company’s stock after acquiring an additional 211 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Akamai Technologies were worth […]

ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)

ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]

PNC Financial Services Group Inc. Raises Stake in Rio Tinto plc ADR (NYSE:RIO)

PNC Financial Services Group Inc. lifted its position in shares of Rio Tinto plc ADR (NYSE:RIO) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 45,286 shares of the mining company’s stock after purchasing an additional 3,938 shares during the quarter. PNC Financial Services Group […]

Coronavirus: 'Short-lived' rebound in house hunter demand

Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.

Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance

Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.

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

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

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

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

Microsoft’s Stock Faces A Sharp Reversal

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

Black Girl Sunscreen Secures $1 Million From Female Investor Amid COVID-19

This month, Black Girl Sunscreen (BGS) secured a $1 million dollar investment from a private female funding source.

Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million

Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.

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

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

Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession

“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."

Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

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

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

Building An Adaptive Retail Enterprise For Day 2

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

Blockchain Gets University Credit

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

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

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

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

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

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

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

LATAM Airlines Starts Reducing Fleet, Including A350 And 787 Aircraft Under Chapter 11 Bankruptcy

The 19 aircraft comprise six A350 and 787 widebodies and 13 A320 family aircraft.

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

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

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

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

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

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

Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports

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

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

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

7 Ways Credit Cards Can Help Grow Your Business

A business credit card isn’t just something you need to help separate your personal and company expenditures. When used properly, credit cards are tools that can help you build your business and, more importantly, improve your bottom line.

Blockchain-Powered Stablecoins Are Maturing Quickly, But The Accounting Needs To Catch Up

Stablecoins have been growing fast, but several accounting questions still need to be addressed to supercharge adoption.

Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions

SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.

Can General Electric Survive The COVID-19 Recession

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

Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?

The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...

College Is About To Change Forever--And Music Education Is Not Immune

Higher education will be greatly affected by COVID-19. Musicians and music business students have historically been faced with expensive tuitions, and with campus distancing, online courses and employers now questioning the value of degrees, the future of music education could be entirely reshaped.

HBO Max Launches Today: Everything You Need To Know

WarnerMedia joins the streaming wars today with the launch of HBO Max, its new service combining original shows, library content from a range of WarnerMedia properties, and programming from pay cable network HBO.

Southwest And JetBlue Top Annual List Of Most Satisfying Air Carriers

Travelers flying on Southwest Airlines and JetBlue Airways will end up relatively more satisfied with their journeys, according to new airline satisfaction data published this morning.

XpresSpa Pivots To Coronavirus Testing At New York’s John F. Kennedy Airport

The pilot concept paves the way for the company to enter the medical sphere and widen its reach within the health and wellness segment.

Playing Defense With Cloud Software Stocks

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

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

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

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

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

Airlines Aren’t Alone. Hotels’ Brand Valuations To Drop 20% Because Of COVID, Cratering Of Travel Demand

"The COVID-19 pandemic is going to hit the hotels sector hard as holidays are cancelled and people work from home."

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

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

Stocks Have a Psychologically Important Day

Passing key landmarks on the S&P 500 may have caused traders to reconsider why they have pushed the market so far.

CoCo Bond Investors Face a Covid-19 Reckoning

The coronavirus pandemic is even starting to affect the highly specialized world of bank capital

Detroit to Get Mask Factory With Investment From Bangladesh

Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.

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

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

Hedge Funds Pay Up in U.S. to Poach From Rivals Stung by Turmoil

Izzy Englander sent his Millennium Management staff to work from home in early March. Since then, about 100 people have quietly joined the $42 billion hedge fund.

Are the Coronavirus Bailouts Working? What We Know So Far

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

Paul Krugman Is Pretty Upbeat About the Economy

In a Q&A, the Nobel-winning economist says the pandemic recovery probably won’t be like the one from the last recession.  

Renault's Senard says it does not need to merge with Nissan

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan (7201.T) and Mitsubishi (7211.T).

Renault has no problems in relations with French state: chairman

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.

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

BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

Climate-friendly almond farmers coax life from drying Spanish soil

ZUJAR, Spain (Reuters) - In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques aimed at bringing new life to the land.

Top investor in Italy's Nexi cuts stake as M&A looms

MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

TOKYO (Reuters) - Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.

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

(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

Brazil's Vale ordered to set aside $1.48 billion for Brumadinho dam damages

SAO PAULO (Reuters) - A judge in Brazil’s Minas Gerais state partially granted an injunction sought by prosecutors ordering iron ore miner Vale SA to deposit 7.9 billion reais ($1.48 billion) for payment of potential fines related to a dam disaster last year.

Factbox: Renault and Nissan's plan to rebuild their alliance

TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.

Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source

MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...

Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify

A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...

Lufthansa says 'unable to approve' coronavirus rescue over EU conditions

Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.

Why do organisations need technologists to drive digital transformation strategies?

IT professionals are under immense pressure and need to be provided with the tools, leadership and support to deliver positive business outcomes in response to Covid-19

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

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

Three hires Chief Network Officer to advance 5G rollout

Three's senior recruitment drive continues.

Majority of US small businesses optimistic in face of coronavirus pandemic, study says

The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.

JPMorgan CEO: bank will again boost credit reserves in second quarter

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...

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

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

Commentary: What a lousy time to graduate, what an unfair handicap for graduating students

This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.

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

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

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

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

Stocks, euro rise on massive EU stimulus plan

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

Japan PM vows to back corporate financing with second extra budget

TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...

German chipmaker Infineon raises 1.06 billion euros with capital increase

German chipmaker Infineon Technologies raised about 1.06 billion euros (US$1.16 billion) by issuing new shares to partially finance its US$10 ...

China's GAC keeps target of 3per cent sales growth despite coronavirus pressure

Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...

Pacific International Lines agrees debt deal; in talks with Temasek unit

SINGAPORE: Singapore-based container ship operator Pacific International Lines Pte (PIL) has agreed with most of its financial lenders to defer ...

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

Oil halts rally near $34 on signs of Russia easing supply cuts

Moscow wants to scale back output curbs in line with the OPEC+ deal

India's Ambani prepares Facebook-backed unit for overseas IPO

Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering