French carmaker Renault to cut 15,000 jobs worldwide

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

Renault to cut 15,000 jobs

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

Renault announces 15,000 job cuts worldwide

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

French carmaker Renault announces 15,000 job cuts worldwide

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

French carmaker Renault announces 15,000 job cuts worldwide

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

French carmaker Renault announces 15,000 job cuts worldwide

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

Renault to slash about 15,000 jobs in €2bn cost-cutting plan

Carmaker eyes production cuts after fall in demand during coronavirus crisis

Renault to cut 15,000 jobs in 2b euro cost cutting plan

Renault hopes to bring about the job cuts without redundancies through voluntary departures, internal mobility measures and retraining, sources said.

Renault to cut 14,600 jobs worldwide and lower capacity

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

Renault to restructure factories, confirms 15,000 job cuts

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

Renault to cut 15,000 jobs in US$2.2b cost cutting plan

PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...

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

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

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

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

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

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

Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs

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

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

Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.

Renault announces nearly 15,000 job losses worldwide

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

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

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

French carmaker Renault to cut 15,000 jobs worldwide

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

French carmaker Renault announces 15,000 job cuts worldwide

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

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

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

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

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

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

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

Markets march higher for third day; post weekly gains

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

Rupee settles 14 paise higher at 75.62 against US dollar

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

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

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

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

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

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

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

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

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

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

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

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

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

Rupee settles 14 paise higher at 75.62 against US dollar

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

Equity market records N29bn loss

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

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

Stock Market LIVE Updates:

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

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

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

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

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

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

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

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

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

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

Indian rupee settles 14 paise higher at 75.62 against US dollar

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

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

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

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

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

Eurozone Preliminary CPI misses estimates with 0.1% YoY in May, EUR/USD keeps highs

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +0.1% in May, meeting expectations of +0.2% and +0.3% prev

Euro zone flash inflation at four-year low in May

Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May

Eurozone: Inflation numbers confirm the concerns of rising risks of deflation – Nordea

Euro-area inflation came in at 0.1% y/y in May, down from 0.3% last month, while core inflation stood unchanged. The outlook is more uncertain further

US: Annual core PCE Price Index dropped to 1% in April

The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r

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

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

GBP/USD hits 2-1/2-week high, around 1.2365 region ahead of Trump

The GBP/USD pair quickly reversed a mid-European session dip to sub-1.2300 level and jumped to the highest level since May 12, around the 1.2365-70 re

AUD/USD trades at fresh session highs near 0.6660 ahead of key US data

The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over

AUD/USD Price Analysis: Greenback’s drop accelerates the rise above 0.6600

AUD/USD takes the bids around 0.6658, up 0.20% on a day, during the pre-European session on Friday. The Aussie pair recently gained traction after the

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

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

Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support

The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis

NZD/USD climbs above 0.6200 on broad USD weakness

After trading defensively and falling below 0.6200 during the Asian trading hours, the NZD/USD pair gained traction in the last hour and climbed to a

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

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

USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump

The USD/CAD pair held on to its softer tone through the early North American session and had a rather muted reaction to the US/Canadian macro data. Th

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

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

Ringgit higher against US dollar on improved global sentiment

KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...

USD/JPY: Consolidative above 107.00

The rangebound mood in USD/JPY appears unchanged at least in the very near-term above 107.00, Pablo Piovano, an editor at FXStreet’s, briefs. The pair

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

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

Gold: Strongly rejected at $1727.37

The trend on the hourly chart below is still firmly down. This current wave higher could be the next lower high and there could be some signs of a rej

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

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

GBP/USD Price Analysis: 50-day EMA regains bulls’ attention above 1.2300

The GBP/USD pair’s pullback from the intraday bottom fades upside momentum around 1.2320/25 amid Friday’s Asian session. Even so, the pair stays mildl

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

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

USD/CAD Price Analysis: Seesaws between 61.8% Fibonacci retracement, 100-day EMA

USD/CAD drops from the intraday high of 1.3785 to 1.3773 amid the initial hour of Tokyo trading on Friday. In doing so, the pair retreats from 100-day

Sterling rises 0.5pc versus weaker dollar, flat versus euro

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

Forex - Dollar Drifts Lower in Tight Trading Ranges

Forex - Dollar Drifts Lower in Tight Trading Ranges

COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres

He said the pandemic could usher in a loss of USD 8.5 trillion in global output  the sharpest contraction since the Great Depression of the 1930s.

Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief

Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis

COVID-19 could cause $8.5 trillion loss in global output: UN Sec Gen

“Unless we act now, the COVID-19 pandemic will cause unimaginable devastation and suffering around the world. Hunger and famine of historic proportions. Sixty million more people pushed into extreme poverty. Up to half the global workforce – 1.6 billion people – without livelihoods,” Guterres said

Covid-19 could cause USD 8.5 Trillion Loss In Global Output: UN Sec Gen

UN chief Antonio Guterres has warned that the COVID-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of USD 8.5 trillion in global output

Covid-19 could cause $8.5 trillion loss in global output: UN Secretary General

US News: UN chief Antonio Guterres has warned that the Covid-19 pandemic could cause unimaginable devastation, usher in hunger and famine of historic proportio

COVID-19 could cause USD 8.5 trillion loss in global output: UN Sec Gen

Nagaland Page is an English newspaper published from Dimapur, Nagaland.

UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic

Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.

Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN

Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University

COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres

“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.

White House Punts Economic Update in Election Year

The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.

White House punts economic update as US election draws near

While the economic forecast is being delayed, updated information about the nation's budgetary situation will still be released as expected this summer.

White House decides not to release economic update as election draws near | Honolulu Star-Advertiser

WASHINGTON >> The White House took the unusual step today of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration’s anxiety about how the coronavirus has ravaged the nation just months before the election.

White House punts economic update as election draws near

The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has rava

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

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

EUR/USD: The trend turns higher with resistance seen at 1.1145/66 and ultimately at 1.1369 – Credit Suisse

EUR/USD has seen a conclusive break above key 200-day average/price resistance at 1.1009/19 to turn the core trend higher, with resistance seen at 1.1

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

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

EUR/CHF: Base completed with next resistance at 1.0710/17 – Credit Suisse

The EUR/CHF short-term trend has accelerated to the upside, with key resistance seen at 1.0710/17, ahead of 1.0772/88, per Credit Suisse. See: EUR/CHF

Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]

The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past

GBP/USD: Failing to take over the 1.2360 critical resistance

Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/

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

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

NZD/USD: Resistance at 0.6216/39 ideally contains the fresh move higher – Credit Suisse

NZD/USD stays capped for now by the ‘neckline’ to the 2015/2020 ‘triangle’ at 0.6216 and the 78.6% retracement of the February/March 2020 fall at 0.62

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

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

GBP/USD: Approaching the 1.2335 resistance – Commerzbank

GBP/USD is tightly confined within a converging range (1.2217-1.2335) but is pushing hard into the resistance at 1.2335, currently trading at 1.2330,

Madras high court issues notices to Franklin Templeton MF, Sebi: Investors Group

India Business News: Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors gro

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement

Madras High Court slaps notices to Franklin Templeton MF, Sebi, says Investors Group

Sebi seeks time to file counter in High Court on PIL against Franklin MF

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

Franklin Templeton’s legal troubles rise as Madras HC issues notice

The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19

India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy

According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.

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

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

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

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

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

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

GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%

Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.

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

Economists expect worst financial contraction in four decades

Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20

Business Standard brings to you the top headlines of the day

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

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

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

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

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

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

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

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

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

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

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

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

Coronavirus Impact: GDP growth lowest in 11 years

India's gross domestic product (GDP) grew at 3.1 per cent in the final quarter of financial year 2019-20, lowest in 44 quarters, according to the government data released on Friday. Overall growth for FY20 slumped to 4.2 per cent - lowest since FY09 when

EUR/USD Price Analysis: Rising odds for a test of 1.1150 and above

EUR/USD has quickly left behind the key 200-day SMA and is now trading at shouting distance from the key barrier in the 1.1150 region. If the upside m

EUR/JPY Price Analysis: Scope for a test of 121.00

The march north in EUR/JPY remains unabated and it has already left behind the 119.00 yardstick. The cross is now flirting with the key 4-month resist

US Dollar Index Price Analysis: Interim support emerges at 97.87

DXY came under further pressure and is now navigating t he area of multi-week lows in the 98.00 neighbourhood. Sellers now look to have regained the u

GST Council to meet next month; FinMin not for raising rates on non-essential items

Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.

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

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

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

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

GST Council to meet next month; FinMin not for raising rates on non-essential items

The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus.

Give us too the benefit of credit guarantee scheme: urban co-op banks to FM

UCBs are financially sound and are a key funding source for MSMEs, says petition

Urban co-operative banks seek guarantee cover for their MSME borrowers

UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore

Banks free to do due diligence on guaranteed MSME loans

Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.

Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes

-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo

German Retail Sales drop 5.3% MoM in April vs. -12% expected, EUR/USD keeps 1.11

more to come ...

Japan April factory output falls 9.1% month/month - government

TOKYO (Reuters) - Japan's factory output fell 9.1% in April, government data showed on Friday, compared with a median market forecast for a 5.1% drop. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to shrink 4.1% in May and rise 3.9% in June, the data showed.

Last time the Japanese government described industrial production as decreasing rapidly was in November 2008

Following a slew of Japanese data today, a Japnese govt official has stated that the last time the Japanese govt described industrial production as de

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

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

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

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

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

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

Renault to cut 15,000 jobs

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

First-quarter GDP worst showing since 2009: StatCan

Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.

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

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

In Senegal, the struggles of a small airline during coronavirus

Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.

In Senegal, the struggles of a small airline during coronavirus

Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.

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

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

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

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

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

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

The 9 Best Cheap Stocks to Fill Up On Now

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

NCS ties up with TCS iON for providing free online skill training to registered job seekers

This course on soft skills assists the learners in enhancing personality development with modules on corporate etiquette, improving interpersonal skills, making impactful presentations, including other necessary soft skills demanded by the industry.

CSIRO to spend up to AU$7 million annually through new procurement portal | ZDNet

The eProcurement Portal will be used to procure network, unified communications, cybersecurity, and data centre hardware, software, and services for the next five years.

JCPenney to begin reopening stores after declaring bankruptcy

The clothing retailer shut down brick-and-mortar locations due to COVID-19, but now as the U.S. begins to reopen, they plan to begin opening their stores.

JCPenney to begin reopening stores after declaring bankruptcy

The clothing retailer shut down brick-and-mortar locations due to COVID-19, but now as the U.S. begins to reopen, they plan to begin opening their stores.

Old Mutual hopes to make announcement on new CEO soon -chairman

The 175-year-old insurer has been led by acting CEO Iain Williamson since June last year.

Old Mutual hopes to make announcement on new CEO soon - chairperson

The 175-year-old insurer has been led by acting CEO Iain Williamson since the abrupt sacking of ex-CEO Peter Moyo in June last year.

Almost all firms 'forced to rethink tech priorities'

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

Tablet sales plummet despite remote working rise

While remote working and education are on the rise, market for tablet PCs continues to shrink.

What does Tesla slashing car prices really mean for the company?

Sales of all autos, generally, tanked in the last two months

Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus

Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.

10,000 farmers to benefit from World Bank-assisted project in Lagos

No fewer than 10,000 farmers in Lagos State are to benefit from the World Bank-assisted agricultural scheme, under the APPEALS, project.

Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?

A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.

USD/INR New York Price Analysis: Greenback eyeing the May’s lows vs. Indian rupee

USD/INR is retreating further below the 76.00 figure as the spot is having a hard time to find a clear direction in May while the quote stays confined in the 7

Breaking: US Personal Spending plunged by 13.6% in April

Personal Spending in the United States declined by 13.6 on a monthly basis in April, the data published by the US Bureau of Economic Analysis showed

Chase Sapphire Reserve renewals will stay at $450 through the end of year

Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. Android Central may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and some may no longer be available. In the midst of the uncertainty caused by the novel coronavirus, Chase appears to want to keep its...

South Africa’s trade balance swings to R35bn deficit in April

Imports were down 6.5% to R88.03 billion

Affin Bank’s net profit falls to RM123.5m in Q1

KUALA LUMPUR, May 29 — Affin Bank Bhd recorded a lower net profit of RM123.57 million in the first quarter ended March 31, 2020 (Q1 2020) from RM137.23 million in the same period last year. The decline was mainly due to additional allowance for credit impairment losses of RM117.1 million as...

CIMB appoints ex-PNB chief Abdul Rahman Ahmad as group CEO

KUALA LUMPUR, May 29 — CIMB Group Holdings Bhd has appointed Datuk Abdul Rahman Ahmad as its group chief executive officer/ executive director (CEO/ ED), as well as CEO/ED of CIMB Bank Bhd, effective June 10, 2020. In a filing with Bursa Malaysia today, CIMB Group said Abdul Rahman, who is...

Distressed retailer Party City seeks to cut debt with bond deal

Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.

The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO

This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.

U.S. merchandise trade fell in April to lowest level in a decade

U.S. merchandise trade in April slumped to the lowest level in a decade as the coronavirus pandemic curtailed demand and disrupted supply lines.

How to keep supply chains reliable when the world's upended

In March, as COVID-19 cases spiked across the United States, hospitals faced a harrowing shortage of crucial medical supplies, from face masks and ventilators to the nasal swabs and chemicals needed for ...

Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher

After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this

Nvidia Is Showing Investors It’s More Than Fun and Games

With the tech firm's investments in AI and autonomous innovations, NVDA stock has more catalysts at its disposal.

DraftKings Stock Will Keep Benefitting from Multiple Strong Trends

DraftKings stock will be boosted by the popularity of iGaming and the resumption of professional sports leagues.

The coronavirus could mark the rise of automation

The coronavirus pandemic has caused a massive surge in global unemployment. It has also highlighted the increasingly valuable role of automation in today's world.

Clean energy is outperforming fossil fuels in America, UK and Europe

Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.

3 Reasons to Invest in Fractional Shares

They could be the best way to build an investment portfolio.

ITC Hotels partners with Swiggy to offer dining experiences at home

ITC Hotels has implemented stringent measures and protocols, including mandatory temperature checks for all chefs and food and beverage associates

Global stocks fall as investors brace for Trump to hit China with a 'bazooka'

Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...

About 600,000 visitors expected in Cyprus in August

Cypriot Minister of Transport, Communications and Works Yiannis Karousos, said that the country expects to receive about 600,000 passengers in August, noting

McLaren to reportedly cut about 30% of their employees

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

Bulgaria’s Business Proposes a Package of 54 additional Anti-crisis Measures

Bulgaria’s business and syndicates are proposing a package of 54 additional anti-crisis measures to this country’s cabinet. 

Electricity: Buhari approves funding for first phase of Siemens power deal

Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.

What markets in north Nottinghamshire will look like when they reopen

Government lockdown guidelines allow them to reopen on June 1

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

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

Blame it on virus: Future tense for farmers in distress

Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...

Should You Invest in Companies Likely to Benefit from the Great Lockdown?

Is this a recipe for disaster, or could you beat the market by aiming to predict the future?

Govt mulls ban on loose edible oil sales post Covid-19 over health concerns

The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight