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

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.

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

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.

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.

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 prices hit 2-week low on reopening optimism

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

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

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

NSE Nifty fell 13.70 points.

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 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

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.

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.

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.

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.

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 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

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

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.

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

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.

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.

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

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.

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.

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.

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.

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.

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,

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.

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.

[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

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

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 .

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

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.

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...

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...

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...

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…

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 »

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.

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 says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

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

Pandemic will wipe out capital due to be returned to shareholders

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.

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.

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.

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.

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.     

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 »

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.

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.

Tesla cuts car prices by up to $5,000

Its prices in China are also being reduced.

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 ...

Gulf Capital sells Metamed to Ray Lab and a consortium of global investors

Dealis one of the few secondary transactions amongst private equity firms in the MENA

Billion-dollar fines won’t change Big Tech

It’s time authorities everywhere clamped strict rules on Facebook, Google use of data

Hotels become cheap enough to buy during COVID-19 - VietNamNet

Though receiving some guests during the April holiday, hotels are still not doing well. Some have had to close and others are operating at a moderate level.

1,500 scientists warn of third-level funding crisis

An open letter signed by 1,500 Irish scientists has warned of the funding crisis facing the country's third-level sector and called for the establishment of a government Department of Higher Education and Research, as a means of addressing it.

Bajaj Finserv: Retain ‘buy’ with fair value of Rs 7,000

Bajaj General Insurance's management will continue to focus on long-term profitability and unlike ICICI Lombard, is willing to ride volatility - a key reason for its higher exposure to crop leading to higher claims ratio and combined ratio over the past two years.

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.

The right economic response to the COVID-19 crisis

Extraordinary measures are needed.

Learn how to rake in the cash via selling your goods on Amazon

Leverage the power of a massive business to create your own small one.

India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report

India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report

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

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

CBS Hit by Newest Round of ViacomCBS Layoffs

The cuts at the broadcast network come a month after similar actions at the company's cable properties.

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

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

Power of Attorney given to stock brokers: What’s changing from June 1, 2020?

In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of Attorney (PoA) issued by clients in favour of their stock broker, market regulator Securities and Exchange Board o

Home collection offers salve as Covid poses testing times for diagnostics companies

It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q

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

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

EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse

Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu

EU Commission to mobilize EUR750 billion for the coronavirus recovery fund – DPA

Ahead of the European Union (EU) Summit, aimed to unveil a post-COVID-19 recovery plan, he Deutsche Presse-Agentur GmbH (DPA) came out with headlines,

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

Training sector held back by Federation, says IR reformist

The big criticism focuses on the link between training and award wages, established in 1990.

Need to know: Wednesday

The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.

[Breaking] Kansong treasures fail to sell

Two Kansong Art Museum artifacts -- Treasure No. 284, Gilt-Bronze Standing Buddha, and Treasure No. 285, Gilt-Bronze Standing Bodhisattva -- failed to sell at K-Auction on Wednesday. The bidding started at 1.5 billion won ($1.21 million) for each treasure. (More to follow) By Song Seung-hyun (ssh@heraldcorp.com)

KIC’s investment in marijuana producers not questionable, says experts

With South Korea’s sovereign wealth fund sparking a media debate over its investment in marijuana producers, some experts here said Wednesday that the case can hardly be seen as breaching its commitment to socially and environmentally responsible investing. Marijuana production itself cannot be the target of criticism, although it carries a heavy social stigma in Korea where the recreational use of marijuana i...

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

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

Hammerson boss quits weeks after group loses €449m deal

The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.

This year ‘a write-off’ for Irish banks – Davy

This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.

Corporate Rescue

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

Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down

Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the

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

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

Lagarde: It’s even worse than we thought

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

European Commission proposes €750B EU recovery package

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

How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff

Earnings upended Alibaba stock's breakout, and now the chart's a mess. Steer clear for now, or sell credit spreads to bank on the chop.

GE Stock Comeback Story is Delayed But Not Canceled

The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.

Visa completes Request to Pay pilot trials

Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.

Fraport AGM 2020: Shareholders approve all agenda items

At Fraport AG’s first virtual-only Annual General Meeting (AGM), shareholders approved all agenda items. Shareholders ratified the actions of the company’s executive and supervisory boards for fiscal year 2019, by 99.94 percent and 98.19 percent respectively. Furthermore, 99.98 percent of the shareholders approved the proposal to suspend the dividend for fiscal year 2019. The entire profit earmarked for distribution will instead flow into the revenue reserve. 94.24 percent of the shareholders also agreed to the resolution for implementing a new

Peakwork welcomes new airline partner, Israel based Aero CRS

DUESSELDORF / TEL AVIV - Israel based flight provider, AeroCRS, is now connected to the Peakwork network. Airlines using the AeroCRS Network can simply activate the API connection with Peakwork to instantly distribute their inventory via the extensive Peakwork distribution channels. Based in Tel Aviv, Israel, AeroCRS provides technology services and distribution connectivity to more than 60 airlines from all over the world. Its technology solutions include inventory management, reservations, flights management, fares management and many more IT services. The AeroCRS

Celestyal Cruises extends suspension of cruise operations until 30th July 2020

Celestyal Cruises, the award-winning, number one choice for travellers to the Greek Islands and the Mediterranean, has taken the difficult decision to extend the suspension of its sailings until 30th  of July 2020 due to the ongoing travel restrictions and temporary port closures within the region in which the cruise line operates. The Greek government recently announced that the Greek tourism season will  gradually recommence in the next few weeks with international flights from select countries resuming in July. Celestyal Cruises

ProfitSword wins Bronze "Stevie Award" for Next Generation profitAbility business intelligence solution

ORLANDO, FLA. - ProfitSword, a leading developer of business intelligence and data integration software for the hospitality industry, has been awarded the Bronze "Stevie Award" during the 18th Annual American Business Awards for its recently launched ProfitAbility business performance dashboarding and reporting platform. Competing with multiple organizations across the country within the Artificial Intelligence/Machine Learning category, ProfitAbility was selected as an award recipient due to its cutting edge abilities in leveraging artificial intelligence to autonomously identify and report anomalies within

Global tourism & leisure industry deals total $4.86bn in April 2020

Total tourism & leisure industry deals for April 2020 worth $4.86bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 67.4% over the previous month and a drop of 45.2% when compared with the last 12-month average of $8.86bn. In terms of number of deals, the sector saw a drop of 50% over the last 12-month average with 57 deals against the average of 114 deals. In value terms, North America led the activity with deals worth

Airline debt to balloon by 28% - Heavy new debt levels will weigh down recovery

GENEVA - The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). $52 billion is from commercial sources including commercial loans ($23 billion), capital market debt ($18 billion), debt from new operating leases ($5

Ryanair condemns 9 billion euros state aid to Lufthansa

Ryanair condemned the German Government’s decision to award 9bn euros of State Aid to Lufthansa on top of the extensive payroll support already given to the German airline, which will further strengthen Lufthansa’s monopoly like grip on the German air travel market. The German and French Governments continue to provide enormous State Aid to their companies, many of whom do not need it, which distorts competition with other providers across Europe. Non-State Aided airlines like Ryanair, EasyJet, BA and others, will

Perks for firms backing anti-Covid measures pushed

DAVAO CITY – Mayor Sara Z.

Lagos extends tax returns deadline again - The Nation Nigeria

Yearly returns for individuals (employees and self-employed persons) that were initially due for May 31, can now be filed on or before June 30....

Consumer Confidence Inches Higher

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

Gov’t to inject UGX 1 trillion in UDB to boost local production

Kampala, Uganda |  THE INDEPENDENT | President Yoweri Museveni has said that part of the 1.9 trillion shillings loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity.  While commissioning the Lida Packaging products, a manufacturing company that has started producing face masks …

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

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

Better Malaysia's relationship with India may boost crude palm oil prices

The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants

Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

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

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

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

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.

Geely Chairman wants more cooperation with Daimler, report says

Geely Chairman Li Shufu looking to expand further with Daimler

Only 40% jobseekers think layoffs won't happen, finds survey

Around 50% of job seekers said they are utilising this time to focus on up-skilling, as per a survey.

UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases

The state has expedited infra projects to boost economy, create jobs in hinterland

Dangote, Glo named most admired Nigerian brands in Africa

In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.

Don't Get Ambushed By The FANG/FANMAG Factor

ETFs are supposed to be top-down portfolios oriented toward an asset class, a region, a line of business or a general combination of these. Holders of ETF share

Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth

‘The biggest driver for economic recovery will be demand revival and consumption

Ryanair to announce 'hundreds' of Irish redundancies this week

The CEO of Ryanair Michael O'Leary says the airline is to announce redundancies of Irish pilots a...

DRDGold Remains Undervalued Despite Stellar Performance

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

Berlin-based fintech scale-up smava secures €57 million in financing to maintain growth through economic downturn

Berlin-based Smava, a credit comparison platform that offers cheaper loan options to consumers, has raised €57 million from Kreos Capital, along with existing investors Earlybird, Verdane, Vitruvian Partners and Runa Capital. The round includes a mix of capital and growth debt. The fintech platform offers an overview of 70 loans between €1,000 and €120,000 from […]

Harvest Health: Licking Its Wounds

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

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

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

Op-Ed: Challenges faced by early-stage clean energy companies

Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.

Africa: Building resilient economies through regional integration

The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.

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.

Singrobo hydropower project to deliver electricity under a 35-year PPA

Power company Themis Group announced it has issued a Full Notice to Proceed with construction of the 44MW Singrobo Hydropower Project, in Ivory Coast.