Asian shares reverse early gains

Eyes on China-US trade relations.

Hong Kong shares ease on China-U.S. rift, dollar firms

Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on

Hong Kong shares ease on China-U.S. rift, dollar firms

SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.

Asian stocks subdued after China imposes new law on Hong Kong

Global financial markets already struggling to deal with huge economic uncertainty

Asian shares reverse early gains, eyes on China-US trade relations

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.

Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow

Wholesale commodity markets, including metal and bullion, will also remain shut

Asian shares tick up, eyes on China-US trade relations

Analysts expect trading to be subdued with United States and UK markets shut for public holidays.

Asian shares tick up, eyes on China-US trade relations

Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...

Chinese tech giant criticises US for 'politicising business'

The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.

China demands U.S. withdraw sanctions on tech suppliers | Honolulu Star-Advertiser

BEIJING >> China demand today that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

China demands U.S. withdraw sanctions on tech suppliers

China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

China demands US withdraw sanctions on tech suppliers

China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

China demands U.S. withdraw sanctions on tech suppliers

Foreign Ministry accuses the Trump administration of interfering in China’s affairs by adding eight companies to an export blacklist

Chinese tech giant criticizes US for 'politicizing business'

BEIJING — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.

Chinese Tech Giant Criticizes US for 'Politicizing Business'

One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent

US ‘politicising business’, says Chinese anti-virus firm blacklisted from importing tech from America

President Donald Trump’s administration says Chinese tech is based at least in part on stealing foreign knowhow and is used to spy on the US

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...

Global shares rise on hopes for economies' gradual reopening

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Asian shares climb, Tokyo gains on hopes for reopening

TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.

South Korea Financial Markets

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic. France's CAC 40 gained 0.8% in early trading to 4,479.60, while Germany's DAX jumped 1.2% to 11,206.26. Germany

Asian shares climb, Tokyo gains on hopes for reopening

Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.

Nikkei rises, but Hong Kong shares slip as tensions with China heat up

Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.

Top German court grants buybacks for VW diesel car owners (Update)

A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other "dieselgate" ...

Top German court grants buybacks for Volkswagen diesel car owners

News News: Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel-engined cars, the ruling is the first real

Top German court grants buybacks for Volkswagen diesel car owners

Almost 5 years after Volkswagen's admission to cheating on emissions tests, the ruling is the first real legal setback for VW in its home country

Top German court grants buybacks for VW diesel car owners

A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other "dieselgate" cases.

Germany's top court to rule on compensation for VW diesel cheating

In an early May hearing, judges at the Federal Court of Justice (BGH) said there was a chance for at least partial compensation for some VW buyers, saying they had indeed been harmed by purchasing a manipulated vehicle.

Top German court grants buybacks for VW diesel car owners

KARLSRUHE, May 25 — A top German court ruled today that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other “dieselgate” cases. Judges at the Federal Court of Justice (BGH) in Karlsruhe...

Top German court to rule on VW 'Dieselgate' compensation

Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will on Monday finally rule in a battle over compensation for tens of thousands of affected owners.

Top German court to rule on VW ‘Dieselgate’ compensation

FRANKFURT AM MAIN, May 25 — Almost five years after Volkswagen’s admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will today finally rule in a battle over compensation for tens of thousands of affected owners. In a preliminary finding in...

Germany's top court to rule on compensation for Volkwagen 'Dieselgate' scandal

Almost five years after Volkswagen's admission to cheating on regulatory emissions tests involving millions of cars, Germany's top court will on Monday finally rule in a battle over compensation for…

Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.

Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.

Japan to end Tokyo’s state of emergency, eyes massive new stimulus

World’s third-largest economy has escaped an explosive coronavirus outbreak

Japan eyes fresh $930b stimulus, to end Tokyo's state of emergency

Japan is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies.

Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus

Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch

Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19

TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...

Japan government considers further pandemic relief of more than ¥100 trillion, report says

The package would be funded by a second extra budget for fiscal 2020 and follow the record ¥117 trillion spending plan deployed last month.

China space program targets July launch for Mars mission

China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.

China space programme targets July launch for Mars mission

China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project ...

China space programme targets July launch for Mars mission

China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said.

China space program targets July launch for Mars mission

Beijing has invested billions of dollars in its space program in an effort to catch up with its rival the United States and affirm its status as a major world power.

China space programme targets July launch for Mars mission

BEIJING: China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the ...

China space programme targets July launch for Mars mission

BEIJING, May 25 — China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said. Beijing has invested billions of dollars in its space programme in an...

Called 'Tianwen', the Chinese mission will put a probe into orbit around Mars and land a rover to explore and analyse the planet's surface

China is targeting a July launch for its ambitious plans for a Mars mission which will include landing a remote-controlled robot on the surface of the red planet, the company in charge of the project has said. Beijing has invested billions of dollars in its space programme in an effort to catch up with

Germany stamps authority on Lufthansa with $9.8 billion lifeline

The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.

Germany stamps authority on Lufthansa with $9.8 bln lifeline

FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.

Germany stamps authority on Lufthansa with €9b lifeline

FRANKFURT, May 26 — Germany threw Lufthansa a €9 billion (RM42.7 billion) lifeline yesterday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20 per...

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON, May 26 — Stocks gained modestly yesterday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI’s gauge of world stocks gained 0.4 per cent, nearing a...

German survey fuels stock gains, euro investors eye EU summit

German survey fuels stock gains, euro investors eye EU summit

Global Markets: German sentiment survey boosts stocks, Europe focuses on recovery fund

By Yoruk Bahceli and Saikat Chatterjee LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI's gauge of world stocks gained 0.4%, nearing a 2-1/2 month high. The pan-European STOXX 600 index was up 1.2%

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the . . .

German court ruling clears way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners in Germany.

German court ruling clears way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners in Germany.

German court ruling clears way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners in Germany.

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany (AP) — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they drove since buying it, not the purchase price.Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement.“For the majority of the 60,000 pending cases, this ruling provides clarity,” the company said in a statement.

VW ordered to buy back diesel cars it sold equipped with emission evasion software based on their current value

The decision comes after a motorist took the company to court over a Volkswagen Sharan he bought in 2014, which was equipped with the software that turned off emissions controls during testing.

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in Q1

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.

Slump in consumption, exports push Germany into recession in Q1

The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.

Slump in consumption, exports push Germany into recession in Q1

BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...

HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr 

Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. 

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

HDFC profits decline: How much has the impact of COVID-19 been?

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19

HDFC Q4 profit at Rs 2,233 crore, provisions spike on COVID-19 impact; loan growth at 12%

Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.

HDFC reports 22% fall in Q4 net profit

Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 to ₹2,232.53 crore as against ₹2,861.58 crore a year ago.The housing finance comp

HDFC reports 22 per cent drop in net over spike in bad loans, provisioning

“On the balance sheet level, we are carrying provisions of Rs 10,988 crore, which is much higher than the regulatory requirement of Rs 4,188 crore,” said Keki Mistry, vice chairman and chief executive officer (CEO), HDFC.

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

HDFC profit falls 22% to Rs 2,233 crore in March quarter

HDFC board announced a dividend of Rs 21 per share for FY20.

HDFC March Quarter Profit Falls 22% To Rs 2,233 Crore, Board Announces Rs 21 Dividend

HDFC Ltd Q4 Results: The mortgage lender said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

HDFC FY20 results: Profit rises 30% to Rs 22,826 crore, revenue up 10%

For the January-March quarter of FY20, HDFC reported a 10 per cent decline in consolidated net profit at Rs 4,341 crore as against Rs 4,811 crore for the corresponding quarter last year

First test of Virgin Orbit rocket fails to accomplish goal

The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on Monday, the Virgin Orbit company said.

First test of Virgin Orbit rocket fails to accomplish goal

The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on Monday, the Virgin Orbit company said.

Branson's Virgin Orbit rocket fails on first launch attempt

The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on Monday, the Virgin Orbit company said.

First test launch of Virgin Orbit rocket fails

US News: The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to deploy a satellite failed on

Virgin Orbit’s air-launched rocket fails on first test flight

Making its first flight, a privately-funded air-launched rocket developed and built by Richard Branson’s Virgin Orbit failed to reach space Monday after release from the company’s modified 747 carrier airplane over the Pacific Ocean.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada, Transat deal faces intense EU antitrust scrutiny

BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...

Air Canada’s Bid for Transat Gets Extended EU Merger Probe

Air Canada’s bid for tour operator Transat A.T. Inc. faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada.

Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog

European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau

Huawei seeks stable chip supply from Samsung and Hynix

Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.

Huawei wants stable Samsung, Hynix chip supply, Korea Daily says

While memory chipmakers aren’t subject to the US government restrictions, Huawei worries that the Trump administration could widen its restrictions later.

Huawei seeks stable supply of memory chips as US pressure grows

Huawei has asked Samsung Electronics and SK Hynix for a stable memory chip supply despite apparently mounting pressure from the US to isolate the Chinese telecommunications company.

Huawei is trying to ensure stable chip supply from Samsung and SK Hynix

Huawei was put on the Entity List by the U.S. government in May last year and recently, the ban was further extended by another year. A few days ago, the United States tightened export controls in a move that is aimed at limiting Huawei’s access to chip supplies. Now, the Chinese giant is seeking help …

CEO buys struggling New Zealand media company for $1

WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

CEO buying struggling New Zealand media company for NZ$1

One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.

New Zealand's media firm Stuff to be sold for a single dollar to its CEO

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists

One of New Zealand's largest media organisations is being sold for just $1

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

CEO buys struggling New Zealand media company for $1

The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.

Air Canada CEO's pay halved

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.

Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19

Calin Rovinescu was on track to receive around $12.9 million in total compensation last year

Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Gold down as potential Japanese stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

Gold down as potential Japanese stimulus boosts risk appetite

Spot gold fell 0.4% to $1,728.06 per ounce by 0252 GMT. US gold futures were down 0.4% at $1,728.50.

Gold falls as potential Japan stimulus boosts risk appetite

Gold declined on Monday as Japaneseequities rose on news of a potential stimulus program thatboosted investors’ risk appetite, though fresh tensions overHong Kong limited the metal’s fall.

Gold falls as Japanese shares rise on potential stimulus report

Gold dipped on Monday as Japaneseequities rose on news about a potential stimulus program,although losses were capped by a weaker dollar and worries offresh Sino-U.

Aston Martin's chief to leave as a part of shake-up

GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...

Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source

(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.

Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...

Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief

Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment

CEO buys ailing New Zealand media giant Stuff Limited for one dollar

Boucher joined as a reporter in 1993 and has spent most of her career at the company

CEO buys ailing New Zealand media giant for one dollar

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

CEO buys ailing New Zealand media giant for one dollar

Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.

Germany's Lufthansa agrees to government's $9.8b aid

Deal will also place federal government with a major say in airline's future course

Lufthansa, German govt agree on rescue package amid travel slump: Report

Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid

Lufthansa, German government agree on US$9.8 billion rescue package: sources

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...

Lufthansa, Germany agree on $9.8-billion rescue package

The German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak, was profitable and had good prospects for the future but had got into trouble because of the pandemic.

Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia

BANGKOK, May 25 — A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand’s government announced last week its plans to have a...

Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia

BANGKOK (Reuters) - A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.

Thai researcher eyes accessible COVID-19 vaccine for SE Asia

A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.

Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia

A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand's government announced last week its plans to have a vaccine ready for deployment

Germany will take Lufthansa stake in landmark US$9.8B bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro (US$9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany Will Take Lufthansa Stake in Landmark $9.8 Billion Bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal

Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout

Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

A 2017 proposal that would speed up vaccine production in the EU was blocked by major pharmaceutical companies, The Guardian reported .

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

The world’s biggest pharmaceutical companies blocked a 2017 EU proposal that could allow vaccines against viruses like the novel coronavirus to be developed before an outbreak begins, The Guardian reported.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

Representatives of a group including GlaxoSmithKline, Pfizer, and Johnson & Johnson are on the body that rejected the proposal, The Guardian reported.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak, Business Insider - Business Insider Singapore

Business Insider - Representatives of a group including GlaxoSmithKline, Pfizer, and Johnson & Johnson are on the body that rejected the proposal, The Guardian reported.. Read more at businessinsider.sg

[Andy Mukherjee] China’s crypto is all about tracing -- and power

The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout.　 An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal...

View: China's crypto is all about tracing — and power

Digital yuan trials are taking place just as Covid deepens mistrust with the US.

China’s crypto is all about tracing — and power

If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.

China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report

Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money,

Oil steadies as demand uncertainty tempers supply cuts

Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT

New emissions blow for VW as German court backs damages claims

LONDON: Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts. Brent was flat at $35.13 a barrel, while US oil gained 10 cents, or 0.3 percent to $33.35 a barrel. Both are down around 45 percent so farthis year.

Bayer says it makes progress in settlement talks over weedkiller

FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Bayer says it makes progress in settlement talks over weedkiller

Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer

Bayer says it makes progress in settlement talks over weedkiller

Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling

Bayer has verbal agreement with some glyphosate claimants- Bloomberg

FRANKFURT — Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Hard times for Boeing, long a symbol of American might

New York, United States | AFP | Faced with the calamitous fallout from the coronavirus on airline customers and the broader economy, Boeing found itself in an unfamiliar and uncomfortable position in March. The company, a longtime symbol of American industrial power, was unable to raise the funds to finance its business. Since that low point …

Hard times for Boeing, long a symbol of American might

Hard times for Boeing, long a symbol of American might

Hard times for Boeing, long a symbol of American might

Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.

China's pork imports in April jump 170% to record high

BEIJING, May 25 (Reuters) - China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.China imported 1.35 million tonnes of pork in the first four months of this year, surging 170.4% from the same period a year ago, after a plunge in domestic production kept prices much higher than other markets.

China's pork imports in April jump 170% to record high

BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

China's pork imports in April jump 170% to record high

China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

UPDATE 1-China's pork imports in April jump 170% to record high

* African swine fever slashed China's pig herd* Chinese buyers stock up on cheap U.S. pork* Pork prices have fallen in China (Adds graphic, details)BEIJING, May 25 (Reuters) - China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.

Toronto stock market rally led by cannabis while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.

Toronto stock market rally led by cannabis while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore

Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP

Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....

Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP

Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs., Business Insider - Business Insider Singapore

Business Insider - The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.. Read more at businessinsider.sg

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The 787 Dreamliner is one of Boeing’s most popular twin-engine wide-bodies thanks to its fuel efficiency, lower operating costs, and passenger-friendly amenities, which have proven to be endearing qualities for airlines and private owners alike.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

Germany approves 9 billion euro aid package for Lufthansa

FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...

German government, Lufthansa agree on 9 billion euro aid package

Germany on Monday approved a 9 billion-euro (US$9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive commission about possible conditions.

New emissions blow for VW as German court backs damages claims

FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.

Japan lifts virus emergency

Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.

Japan lifts coronavirus emergency in all remaining areas

Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.

Japan lifts coronavirus state of emergency in all remaining areas

TOKYO — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange. The S&P/TSX composite index was up 151.79 points at 15,065.43. U.S.

S&P/TSX composite starts week higher, U.S. stock markets closed for holiday

TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.

TSX starts week higher

Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors.

US farmers worried as crop prices dip

Market disruptions have been caused by the Covid-19 pandemic.

'It's kind of glum': U.S. farmers worry as crop prices dip

American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic

'It's kind of glum': US farmers worry as crop prices dip

Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.

Only a Few Hedge Funds Made Money in March and April. Here’s How

Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

Only a few hedge funds made money in March and April. Here's how.

Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.

Alibaba Drops After Projecting Slowing Growth in Uncertain Times

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Chinese e-commerce giant Alibaba’s shares drop; revenue estimates weighing on Jack Ma’s firm

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

India air travel restart hits chaos and cancellations

Airlines' plans to resume air travel in India were in disarray on Monday after some states restricted the number of flights hours before departure, causing last-minute cancellations and leaving hundreds of passengers stranded. Airlines, including IndiGo, India's biggest carrier, SpiceJet and

India air travel restart hits chaos and cancellations

NEW DELHI (Reuters) - Airlines’ plans to resume air travel in India were in disarray on Monday after some states restricted the number of flights hours before departure, causing last-minute cancellations and leaving hundreds of passengers stranded.

COVID-19: India air travel restart sees chaos and cancellations

New restrictions at airports force airlines to scramble revised schedules

Bayer Reaches Deals on Big Share of 125,000 Roundup Weedkiller Suits

Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Bayer reaches deals on big share of 125,000 roundup weedkiller suits

Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer

Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Branson's Virgin Orbit fails in attempted rocket launch from 747

Billionaire Richard Branson’s Virgin Orbit said a crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk’s SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.

Branson’s Virgin Orbit Fails in Attempted Rocket Launch From 747

Billionaire Richard Branson’s Virgin Orbit said a crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk’s SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.

Branson's Virgin Orbit fails to launch rocket from 747

A crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk's SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.

Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%

Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.

Gold prices dip on profit-taking in thin trade

Gold eased on Monday in holiday-thinnedtrade as some investors took profits, though lingeringU.S.-China tensions and extensive stimulus measures bygovernments worldwide limited decline.

Montreal-area retailers reopening to public, with distancing measures in place

Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.

Shoppers line up in downtown Montreal as retailers reopen to public

MONTREAL - Eager shoppers lined up outside some stores in downtown Montreal on Monday as retailers in the city were allowed to reopen for the first time sin

Montreal retailers reopening, with distancing measures in place

Mask-wearing, Plexiglas barriers, frequent disinfecting and no-touch browsing are some of the measures being put in place by retailers as Quebec eases measures to contain the spread of COVID-19.

Montreal-area retailers reopening to public, with distancing measures in place

MONTREAL — Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.

Ontario used auto dealers expect tough year ahead, prices already down

A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.

Ontario used auto dealers expect tough year ahead, prices already down

TORONTO — A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come. The survey conducted by DesRosiers Automotive Consultants Inc. and the Used Car Dealers Association of Ontario found that almost a third of dealers saw prices decline between 11 and 20 per cent from March to April, …

Ontario used auto dealers expect tough year ahead, prices already down

TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

French carmaker Renault could close plants and cut jobs: union

French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...

French carmaker Renault could close plants and cut jobs, says union

PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...

Japan's Uniqlo to make masks using underwear fabric

TOKYO — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.

Uniqlo to make face masks using underwear fabric

Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a spokeswoman said…

Japan’s Uniqlo to make masks using underwear fabric

TOKYO, May 25 — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a...

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,075.42, up 161.78 points.) HEXO Corp. (TSX:HEXO). Health care. Up 21 cents, or 23.86 per cent, to $1.09 cents on 22.3 million shares.

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance: sources

Nissan and Renault shelve merger plans to repair their alliance - sources

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

Nissan and Renault shelve merger plans to repair their alliance, say sources

NEW YORK, May 26 — Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. Nissan has long resisted Renault’s proposals...

Five business groups urge Ontario to halt commercial evictions during pandemic

Ontario Premier Doug Ford has previously declined to freeze commercial evictions

Five business groups urge Ontario to halt commercial evictions during pandemic

Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, saying many small and medium-sized businesses are at risk of closing.

Five business groups urge Ontario to halt commercial evictions during pandemic

TORONTO — Five business groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.

Five business groups urge Ford to halt commercial evictions amid COVID-19

Five businesses groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.

CREDAI writes to PM Modi, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis

COVID-19: CREDAI writes to PM, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has

Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector

The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

CREDAI seeks restructuring scheme to revive realty sector

Also wants new home loans extended at 5% rate of interest

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi

The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.

50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller

Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.

Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller

Business Insider - Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.. Read more at businessinsider.sg

50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller

A massive transformation is taking place at elite litigation powerhouse Boies Schiller Flexner.

Asia virus latest: Japan to lift emergency, India domestic flights resume

Here are the latest developments in Asia related to the coronavirus pandemic:- Japan set to lift virus emergency -Japan is poised Monday to lift its nationwide state of emergency over the coronavirus, gradually reopening the world's third-biggest econo...

Asia virus latest: Japan to lift emergency, India domestic flights resume

Here are the latest developments in Asia related to the coronavirus pandemic:

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a

Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report

About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.

Lockdown impact: Tourism companies staring at complete shutdown, seek government aid

The survey report further revealed that 38.6 per cent travel companies are going for job cuts and another 37.6 per cent of the companies are considering the option with uncertainty looming large.

40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report

The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart

Updates from the world of economy, markets, and finance

UK's Sunak authorises bailout to rescue strategically important companies

Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options

UK's Sunak authorises bailout plan to rescue strategically important companies

LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...

Vermilion CEO departs

Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately. The company says instead of replacing Marino it has created an executive committee to run the firm that includes chairman and former chief executive Lorenzo Donadeo, who has been named executive chairman. …

Thousands without power in Western Australia after once in a decade storm

Wind speeds of up to 132 km/hour (82 mph) were registered at Cape Leeuwin, one of the state's most south-westerly points early on Monday, the strongest May gusts in 15 years, according to the Australia Broadcasting Corp.

Big storm hits Western Australia

Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth...

Nigeria's economy grows by 1.8% in first quarter of 2020

It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.

Nigeria’s economy expands 1.87% y/y in Q1

Expected recession could be worst in 40 years -World Bank.

Rocketman (and woman): Elon and Gwynne, the pair who made SpaceX

WASHINGTON, May 25 — Space Exploration Technologies Corp — commonly known as SpaceX — is slated to send two astronauts into space on Wednesday. Despite not yet being 20 years old, the company has already developed a creation myth: On September 28, 2008, its first rocket Falcon 1 launched for...

Rocketman (and woman): Elon and Gwynne, the pair who made SpaceX

Space Exploration Technologies Corp.—commonly known as SpaceX—is slated to send two astronauts into space on Wednesday. Despite not yet being 20 years old, the company has already developed a creation ...

The launch of SpaceX's rocket Falcon Heavy on June 25, 2019

Space Exploration Technologies Corp. -- commonly known as SpaceX -- is slated to send two astronauts into space on Wednesday. Fortunately the fourth launch -- that was the last money that we had -- the fourth launch worked, or that would have been it for SpaceX. Born in South Africa, Musk immigrated

IDFC FIRST Bank’s senior management takes 10% pay cut

IANS New Delhi IDFC FIRST Bank’s senior management has volunteered to take a 10 per cent pay cut for the financial year 2020-21 amid the coronavirus cri

COVID-19 impact: IDFC FIRST Bank's senior management takes pay cut

IDFC First Bank senior management takes 10% pay cut

Private sector IDFC First Bank on Monday said its senior management has voluntarily taken pay cut of 10 per cent due to coronavirus pandemic, while the CEO offered to surrender as much as 30 per cent of his salary.

Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%

The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

IDFC First Bank’s senior management takes 10 per cent pay cut in FY21

With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

IDFC First Bank top brass takes pay cut

IDFC First Bank on Monday said that its senior management had volunteered to take a 10% cut in compensation in the current financial year 2020-21. V. Vaidyanathan, MD & CEO, had offered to tak

Book sales soar as French lockdown eases

Even so, overall, sales were 60 percent down compared the corresponding period in 2019.

Book sales soar as French lockdown eases

A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.

Book sales soar as French Covid-19 lockdown eases

PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore

Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

The coronavirus pandemic has disrupted the management-consulting industry.

Nigeria’s GDP expands by 1.87% amid global challenges

The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019

Nigeria’s economy grew in first quarter 2020 amidst global crisis

Amid global health and economic crises, Nigeria’s economic grew in the first quarter of 2020 by 1.87 per cent, the National Bureau of Statistics (NBS)

Nigeria’s GDP rises by 1.87% in Q1 2020

Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...

Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria

The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...

Nigeria’s economic growth slows to 1.87% in Q1’2020

Nigeria recorded a lower GDP or economic growth of 1.87 percent, year-on-year, in the first quarter of the year (Q1’2020).

Despite coronavirus outbreak, Nigeria’s economy grew by 1.87% in Q1

Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per […]

Virgin Orbit successfully dropped a rocket from a jumbo jet and ignited it, but its launch failed due to an 'anomaly'

Virgin Orbit's first rocket launch failed due to an unexplained problem after it had a "clean release" from the Cosmic Girl jumbo jet.

Virgin Orbit successfully dropped a rocket from a jumbo jet and ignited it, but its launch failed due to an 'anomaly'

Virgin Orbit's first rocket launch failed due to an unexplained problem after it had a "clean release" from the Cosmic Girl jumbo jet.

Virgin Orbit successfully dropped a rocket from a jumbo jet and ignited it, but its launch failed due to an ‘anomaly’

After postponing its long-awaited rocket launch by a day, Virgin Orbit’s LauncherOne rocket had a successful release from a jumbo jet.

Virgin Orbit successfully dropped a rocket from a jumbo jet and ignited it, but its launch failed due to an 'anomaly'

Virgin Orbit's first rocket launch failed due to an unexplained problem after it had a "clean release" from the Cosmic Girl jumbo jet.

Cambodia bourse sees first bank listing

PHNOM PENH, May 25 — Cambodia’s largest commercial bank listed on the country’s stock market today, the first lender to trade on the fledgling exchange, despite uncertainty caused by the coronavirus pandemic. Acleda Bank became the sixth firm to join the Cambodia Securities Exchange (CSX),...

Cambodia bourse sees first bank listing

Acleda Bank, the largest commercial bank in Cambodia, downplays the risks of debuting on the Cambodia Securities Exchange during the coronavirus pandemic

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

Mexico can benefit from Chinese economic slowdown, Lopez Obrador says

MEXICO CITY, May 25 — A slowdown in China’s economy this year should allow Mexico to attract more investment, lure companies and create jobs, Mexican President Andres Manuel Lopez Obrador said today. Speaking at a regular government news conference, Lopez Obrador pointed to forecasters’...

Global shares up as recovery hopes overshadow virus worries

TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...

Asian shares up as recovery hopes overshadow virus worries

TOKYO — Shares rose in Asia on Tuesday as some regions in Japan resumed close-to-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. The market focus is shifting to how various nations are adapting to getting back to business, while striving to keep new COVID-19 cases in check. Japan lifted …

German govt to climb aboard at Lufthansa in virus rescue

Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...

German gov't to climb aboard at Lufthansa in virus rescue

(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.

5 charts show how the coronavirus crisis has dwarfed the Great Recession in just 2 months

"It just goes to show you how quickly the current crisis has evolved and how deep it is," said Daniel Zhao, an economist at Glassdoor.

Melon-aires not required as Japan premium fruit prices plunge

A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.

Price of premium melons plunges

A pair of premium Japanese melons sold Monday for just a slice of the five million yen reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at 120,000 yen at the season's first auction --…

Prices of Japanese premium melons plunge amid coronavirus outbreak

A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...

Canada Revenue Agency extends some trust and corporate filing deadlines

The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.

Canada Revenue Agency extends some trust and corporate filing deadlines

The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1

CRA extends some trust and corporate filing deadlines

The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.

Lion to bring 'healthy alcohol' to Australia

White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.

Cult favourite US hard seltzer brand White Claw is coming to Australia, following a licensing deal with Lion

Get ready: cult favourite seltzer brand White Claw is coming to Australia.

Sierra Metals Provides COVID-19 Update for Its Operations in Peru and Mexico

TORONTO — Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces that the Peruvian Government has extended its state of emergency and a nationwide lockdown to fight the COVID-19 pandemic until June 30, 2020.

Monday’s small-cap stocks to watch

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today

Safaricom retains top position as the most valuable firm in the region

It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.

Safaricom retains top position as East Africa's most valuable firm

Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out

Cirque du Soleil founder wants to buy back high-profile but debt-laden show

Guy Laliberte stated his intention during a radio show, but it will not be a cakewalk

Guy Laliberte wants to buy back Cirque du Soleil, keep headquarters in Montreal

Cirque du Soleil founder Guy Laliberte says he wants to buy back the internationally celebrated circus company he created more than 35 years ago.

Aston Martin CEO Being Replaced With Mercedes-AMG CEO

Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston ...

Andy Palmer to quit as Aston Martin CEO after shares plunge

Will be replaced with Mercedes-AMG CEO Tobias Moers

Brazil BRF meatpacking plant hit with more than 300 coronavirus cases

Nearly 340 meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday. Brazilian meatpacker BRF said in a statement that 6.6% of its 5,132 workers at its Concórdia plant in Santa Catarina state had tested positive for the

Brazil BRF meatpacking plant hit with more than 300 coronavirus cases

SAO PAULO (Reuters) - Nearly 340 meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday.

Hundreds test positive for coronavirus at meatpacking plant in Brazil

SAO PAULO, May 25 (Reuters) - Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday, amid global concerns about the pandemic disrupting food supplies. Brazilian meatpacker BRF said in a statement that nearly 340 people, or 6.6% of workers, at its Concórdia plant in Santa Catarina state had tested positive for the virus.

UPDATE 2-Brazil BRF meatpacking plant hit with more than 300 coronavirus cases

(Adds analyst comment)By Ana ManoSAO PAULO, May 25 (Reuters) - Nearly 340 meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday.Brazilian meatpacker BRF said in a statement that 6.6% of its 5,132 workers at its Concórdia plant in Santa Catarina state had tested positive for the virus.The workers have been preemptively suspended after being diagnosed using rapid testing and will now be submitted to slower but more accurate molecular diagnostic testing, BRF said.

COVID-19: Hundreds test positive at meatpacking plant in Brazil

SAO PAULO: Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company ...

India user base grew 120%; focus on developing culturally relevant products: Snapchat

Snap Inc Managing Director (International Markets) Nana Murugesan said the company has been expanding its team in India

Snapchat is expanding team in India, developing 'culturally relevant' products: Snap MD

Snap's daily active user base in India has jumped 120 percent year-on-year in March 2020.

China's trillions towards tech won't buy dominance

China wants to bring technology into its mainstream infrastructure build-out and, in the process, heave the economy out of a gloom due only partly to the coronavirus.

China’s trillions toward tech won’t buy dominance

Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.

Patriotic Poles led astray by mis-labelled Ukrainian cucumbers

WARSAW – Seeking to appeal to patriotic Poles, local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as homegrown, Poland’s anti-monopoly office said on Monday, as it launched an investigation.

Patriotic Poles led astray by mis-labelled Ukrainian cucumbers

WARSAW (Reuters) - Local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as home grown, Poland’s anti-monopoly office said on Monday.

Weather iffy for SpaceX astronaut launch

Aside from a threat of bad weather, NASA and SpaceX confirmed Monday that everything is all-systems-go for their upcoming rocket launch with two American astronauts.

Weather iffy for SpaceX astronaut launch

Aside from a threat of bad weather, NASA and SpaceX confirmed Monday that everything is all-systems-go for their upcoming rocket launch with two American astronauts.

SpaceX Is About to Launch Two Astronauts Into Space in a Historic First

In the beginning, everyone was skeptical. But Elon Musk's SpaceX defied expectations - and on Wednesday hopes to make history by ferrying two NASA astronauts into space, the first crewed flight from US soil in nine long years.

CBIC clears Rs 11,052 crore GST refund claims since April 8

The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 cr GST refund claims since April 8

The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.

CBIC clears Rs 11,052 cr GST refund claims since April 8

Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 crore GST refund claims since April 8

India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s

GST refund: CBIC clears Rs 11,052 crore claims

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

Jet Airways offers two Boeing aircraft to assist Vande Bharat Mission

Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia

Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseas

A copy of the letter has also been marked to Civil Aviation Secretary Pradeep Singh Kharola, aviation regulator DGCA's chief Arun Kumar and State Bank of India Chairman Rajnish Kumar.

Jet Airways offers two Boeing aircraft for evacuating Indians stranded abroad

Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services

The airline owes more than Rs 8,000 crore to banks. The once-storied full service carrier is undergoing insolvency process and … Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services Read More »

Jet Airways offers two Boeing aircraft for evacuation of stranded Indians

Jet Airways could supply up to four aircraft for evacuation missions within a reasonable period of time.Jet Airways has been grounded for a year due to lack of funds

Bharti Telecom to sell $1 bn stake in Airtel

 Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Telecom to sell $1 bn stake in Airtel through block deal

IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco

Bharti Telecom to raise ₹7,600 cr through block sale of Airtel shares

Promoters plan to sell 2.75% stake

‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’

The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

MEXICO CITY (Reuters) - The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.

Nissan says preparing to gradually restart Mexico operations

The automaker will begin with vehicle and autoparts manufacturing activities

What the papers say – May 26

There is a mixed response from the nation’s papers to Dominic Cummings’s Monday press conference.

What the papers say – May 26

There is a mixed response from the nation’s papers to Dominic Cummings’s Monday press conference.

What the papers say – May 26

There is a mixed response from the nation’s papers to Dominic Cummings’s Monday press conference.

'No regrets': Papers react to Dominic Cummings press conference

Tuesday’s papers are split on the Dominic Cummings affair, with some continuing calls for his resignation over his alleged flouting of lockdown rules, and others focusing on Britain getting back to business. The Daily Mirror and Daily Mail again go on the attack, both running the headline “No regrets; No Apology”, and with the Mail asking “How can he survive?”

Govt's wheat procurement surpasses last year's level of 34.1 million tonnes despite COVID-19 hurdles

Wheat procurement target has been set at 40.7MT for the 2020-21 marketing year. Although the wheat marketing year runs from April-March, the bulk of procurement is normally done in the first three months.

Govt’s wheat procurement surpasses last year’s level of 34.1 million tonnes despite COVID-19 hurdles

In Punjab, every farmer was allotted specific spaces earmarked for dumping of stocks and no one else was allowed to enter those areas.

Govt’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles

In a statement, the food ministry said the overall wheat procurement has touched 34.15 MT as on May 24 in the current marketing year, surpassing last year's figure of 34.13 MT.

India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News

New Delhi: The government’s wheat procurement so far in the 2020-21 marketing year has surpassed the last year’s 34.13 million … India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News Read More »

Wheat procurement surpasses last year's level of 34.1 MT despite hurdles

Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year

Bharti Airtel Promoter Said To Plan $1 Billion Fundraising To Become Debt Free

Bharti Telecom plans to sell 2.75% equity stake, equivalent to 150 million shares, at a floor price of Rs 558 apiece.

Bharti Airtel promoter to raise USD 1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt free, according to a source aware of the development.

Bharti Airtel promoter to raise $1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt-free, according to a source aware of the development. The promoter firm Bharti Telecom plans

Bharti Airtel promoter to raise USD 1 billion through equity

Bharti Airtel promoter to raise $1 billion to become debt free

Bharti Telecom has roped in JP Morgan for the raising USD 1 billion by selling 150 million equity shares at a price of Rs 558 per cent per unit

German economy starting to see light at end of tunnel - Ifo economist

BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.

German IFO’s Economist: Economy sees light at the end of the tunnel

Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad

Asia stocks mostly up on lockdown easing but Hong Kong extends losses

HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...

AC-Transat deal scrutinized

European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

Transat extends Air Canada takeover timing following European regulatory review

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

Transat extends Air Canada takeover timing following European regulatory review

TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.

European regulators to take closer look at Air Canada-Transat deal

TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

European regulators to take closer look at Air Canada-Transat deal

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

Anglogold Ashanti shuts South African mine over 164 COVID-19 cases

The mine, the deepest in the world, only re-opened in April after being shut under a nationwide lockdown, and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s

AngloGold Ashanti closes South African mine after 164 contract Covid-19

AngloGold Ashanti has temporarily closed its Mponeng mine in South Africa after 164 workers tested positive for the Covid-19 coronavirus infection.

Branson’s Virgin Orbit fails on first rocket launch attempt

The inaugural launch had appeared to be going well until moments after the rocket was dropped from beneath the left wing of the jumbo jet dubbed Cosmic Girl.

Virgin Orbit fails on 1st rocket launch attempt

The inaugural launch had appeared to be going well until moments after the rocket was dropped from beneath the left wing of the jumbo jet dubbed Cosmic Girl.

Virgin Orbit fails on first rocket launch attempt

Richard Branson's Virgin Orbit failed Monday in its first test launch of a new rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California.

Virgin Orbit's inaugural rocket launch fails

Virgin Orbit, the company founded by Richard Branson with the aim of launching smaller satellites, tried unsuccessfully on Monday to launch a rocket off the coast of Southern California. It was the company's first test launch of a new rocket, which had been in development for five years, The Associated Press reports. The rocket was released from a jet dubbed Cosmic Girl, and dropped over the Pacific Ocean. In a statement, Virgin Orbit said it could confirm a "clean release from the aircraft. However, the mission terminated shortly into the flight. Cosmic Girl and our flight crew are safe and returning to base." The company did not say what went wrong, but stated it will "learn more as our engineers analyze the mountain of data we collected today." The rocket carried a test satellite, but the purpose of the flight was to gather data on each step of the launch process. Over the weekend, Virgin Orbit executive Will Pomerantz said roughly half of all first rocket launches fail, and company CEO Dan Hart said after…

Bust-up over climate weighs on EU-UK talks, risks trade rifts

BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

Bust-up over climate weighs on EU-UK talks, risks trade rifts

Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes. While Britain has joined the global Paris agreement to fight climate change

Bust-up over climate weighs on EU-UK talks, risks trade rifts

* EU worried over level playing field on climate after Brexit* UK says it has own ambitious goals, rejects binding EU targets* Talks on new Brexit deal deadlocked before June crunch timeBy Gabriela Baczynska and Kate AbnettBRUSSELS, May 25 (Reuters) - Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.

What every Canadian investor needs to know today

A look at the morning’s market action

Challengers beat incumbents on account opening experience

Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.

Digital Banking: Monzo, Starling, and Revolut Make it Much Easier to Open Accounts, According to a Recent Review

Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, whi

Masiyiwa brings smiles to rural village, completes 100kw solar power project

PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district.

Masiyiwa brings smiles to Ndolwane, completes 100kw solar power project 

PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district. Ndolwane is situated  in the country’s south western province of Matabeleland South. Mr Masiyiwa broke the news on his Facebook blog. He wrote: “There is a place in rural Zimbabwe called Ndolwane. It is in a part of the country known as Matabeleland.We chose it as the first site of our ‘Re-Imagine Rural Ugesi Minigrids’. “We built a 100KW solar power plant at its small business center. It now provides power to 70 small businesses, residents and other activities. Some are using the power to irrigate market gardens to sell vegetables.

Pan-African businessman completes 100kW solar mini-grid in Zimbabwe

Philanthropist Strive Masiyiwa has completed a 100kW solar power project at Ndolwane in Bulilima district, through his ‘Re-Imagine Rural’ initiative.

German court rules Volkswagen car owners entitled to damages in emissions scandal

German court rules Volkswagen car owners entitled to damages in emissions scandal

Volkswagen car owners entitled to damages in emission scandal: German court

Germany's highest court for civil disputes ruled that those who purchased the vehicles in question are entitled in principle to receive damages

Hong Kong border town slumps as mainland traders vanish

Last summer, pro-democracy protesters harassed Chinese traders in Sheung Shui and smashed storefronts that catered to them in the Hong Kong border town, angry at what they saw as a de facto invasion. The protesters, many from elsewhere in Hong Kong, built on years of resentment by some locals who blame

Hong Kong border town slumps as mainland traders vanish

SHEUNG SHUI, Hong Kong (Reuters) - Last summer, pro-democracy protesters harassed Chinese traders in Sheung Shui and smashed storefronts that catered to them in the Hong Kong border town, angry at what they saw as a de facto invasion.

Hong Kong border town slumps as mainland traders vanish

Last summer, pro-democracy protesters harassed Chinese traders in Sheung Shui and smashed storefronts that catered to them in the Hong Kong border ...

China warns of new Cold War as US blacklists more firms

The US decision to add 33 Chinese entities to a trade blacklist risks potential retaliation from Beijing as tensions between the world’s two biggest economies deteriorate further.

Jaguar Land Rover in rescue talks as sales plummet

Jaguar Land Rover is seeking a UK government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.

Jaguar Land Rover in rescue talks as sales plummet

Jaguar Land Rover is seeking a UK government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.

Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure

Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.

PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again

Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime, the officials said.

Interpol notice against Nirav Modi's brother put up for public viewing again

The Interpol has placed the Red Corner Notice against fugitive diamantaire Nirav Modi's brother Nehal in public view again, after he recently lost an appeal against its issuance by the international

PNB fraud case: Interpol notice against Nirav Modi’s brother put up for public viewing again

Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime.

Global stock markets confused as US and China spar, bring trade-tension to the forefront again

Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.

Time to hike edible oil import duties: SEA

As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p

Top 5 Things to Know in the Market on Monday, May 25th

Top 5 Things to Know in the Market on Monday, May 25th

MTN and Airtel Uganda re-introduce 50% discount on Person to Person and Mobile Wallet to bank transactions – Techjaja

MTN and Airtel Uganda will effective from 26th May 2020, re-introduce a 50% discount to standard tariffs for 30 days on all Mobile Money an

MTN and Airtel Uganda are gradually bringing back Mobile Money sending charges tomorrow

As the Covid-19 lockdown gets eased tomorrow, Ugandan Telcos are reintroducing mobile money charges gradually.

Iceland joins Baltic unified CSD system

Trading platform Nasdaq on May 25 announced the merger of Nasdaq CSD Iceland (CSD standing for Central Securities Depository) with Nasdaq CSD SE, which covers the Baltic states.

Nasdaq to Consolidate European CSD Business

Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.

SpaceX’s 1st astronaut launch breaking new ground for style | Honolulu Star-Advertiser

CAPE CANAVERAL, Fla. >> The first astronauts launched by SpaceX are breaking new ground for style with hip spacesuits, gull-wing Teslas and a sleek rocketship — all of it white with black trim.

SpaceX’s first astronaut launch breaking ground with new look: ‘It is really neat’

The first astronauts launched by SpaceX are breaking new ground for style by unveiling hip spacesuits, gull-wing Teslas and even a sleek rocketship with a black and white trim.

Malls lose Rs 90k cr in 2 months: SCAI

IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t

Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

Alibaba Sees Stocks Slide After Projecting Slow Growth

Alibaba Sees Stocks Slide After Projecting Slow Growth

iSignthis slams ASX for seeking sensitive details as Visa deal ends

ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.

iSignthis slams ASX for seeking sensitive details as Visa deal ends

ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.

iSignthis slams ASX for seeking sensitive details as Visa deal ends

ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.

Tokyo stocks rally on hopes for economic restart amid pandemic

Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…

Hertz files for bankruptcy after rental-car demand vanishes

Drop in used-car sales compounds financial woes.

Australia's exports fell 12% in April

The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la

Australia’s international trade took a dive in April

The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:

Dozens of Chinese companies added to US blacklist in latest Beijing rebuke

The blacklisted companies focus on artificial intelligence and facial recognition, markets that US chip companies such as Nvidia Corp and Intel Corp have been heavily investing in.

Trump to attend Wednesday’s NASA astronaut launch in Florida

Vice President Mike Pence, who is chairman of the National Space Council, also plans to attend Wednesday’s launch.

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt

India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block

Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline, Business Insider - Business Insider Singapore

Business Insider - Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.. Read more at businessinsider.sg

ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May

The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.

Find out the impact COVID-19-induced lockdown has had on the tea industry

Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May

The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.

Crude processing in April sees biggest drop in nearly two decades

The lockdown and travel curbs aimed at stemming spread of COVID-19 since March 25 forced people to stay home, cutting India's fuel demand by 45.8 percent in April.

India's April crude processing sees biggest drop in nearly two decades

Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed

In steepest fall since 2003, processing of crude slumps 29%

India’s crude oil processing in April slumped by 28.8 per cent from a year ago, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut product

OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20

Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.

Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains

Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.

Latam FX, stocks rally on economic recovery hopes

Latin American currencies firmed onMonday on hopes of an economic recovery as more economiesemerged from pandemic-induced lockdowns, although simmeringU.

As malls reopen across the country, worries grow that consumers won't come back

Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.

As malls reopen across the country, worries grow that consumers won’t come back

Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close

COVID-19: Worries grow that consumers won't come back to malls

Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...

Lufthansa says Germany approves stabilization package

FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent

Sterling under pressure as Johnson faces Tory revolt in Cummings affair

Sterling under pressure as Johnson faces Tory revolt in Cummings affair

Venezuelan Navy frigates, like these in a 2019 exercise, are being used to escort Iranian tankers carrying badly needed fuel to port in Venezuela

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship. The United States has closely monitored the shipments, concerned

German activity picks up, can’t escape official recession

FRANKFURT, Germany (AP) — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings...

German activity picks up, can't escape official recession

FRANKFURT — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings as Germany faced a long journey toward full recovery from the coronavirus downturn. Revised official figures released separately Monday showed the economy has now recorded two straight …

Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'

Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.

Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'

Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.

Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'

Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Reliance starts trials of JioMart shopping portal across India

The JioMart shopping app is available via Facebook Inc’s WhatsApp, which in India has about 400 million users.

Seoul stocks close higher on hopes of economic stimulus

South Korean shares closed sharply higher Monday on hopes of massive economic stimulus steps sought by the local government. The Korean won fell against the US dollar amid the growing tension between the United States and China. The benchmark Korea Composite Stock Price Index (KOSPI) gained 24.47 points, or 1.24 percent, to close at 1,994.60. Trading volume was moderate at about 630 million shares worth some 7.84 tr...

Tiger Brands looking at 'significant' job losses as it counts cost of pandemic

Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.

Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic

Reports lower H1 earnings, defers dividend.

Tiger Brands faces R500 million-plus hit to profit because of lockdown

South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.

Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020

On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Virgin's administrators put brakes on plane repossessions

A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer. 

Iranian tanker docks in Venezuelan port, domestic refining rises

VALENCIA — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters.

Suzuki Motor Resumes Production At Gujarat Plant

The facility rolls out two models, Baleno and Swift and currently has an installed production capacity of 5 lakh units per annum.

Suzuki Motor resumes production at Gujarat plant

Maruti Suzuki India (MSI) on Monday said Suzuki Motor Gujarat has resumed manufacturing operations after having suspended work for over two months due to coronavirus lockdown. Suzuki Motor Gujarat

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat (SMG) manufactures cars on a contract basis for Maruti Suzuki India (MSI).

Suzuki Motor resumes production at Gujarat plant after two months

SMG had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of coronavirus

India looks to store cheap oil in United States: Dharmendra Pradhan

India Business News: India is looking at storing some low priced US oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan said. India’s pla

India looks to store cheap oil in United States: Oil minister

 India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a

Reliance launches JioMart online grocery service, challenging Amazon and Flipkart

Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.

India sharply cuts exposure to US govt securities to $156.5 billion in March

In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.

India sharply cuts exposure to US govt securities to $156.5 billion in March

India's holding declined by USD 21 billion to USD 156.5 billion at the end of March. The exposure was at a record high of USD 177.5 billion in February and USD 164.3 billion in January.

China's Great Wall expects mild domestic auto sales growth in H2

BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

China's Great Wall expects mild domestic auto sales growth in second half

BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

Hertz files for US bankruptcy protection as car rentals evaporate in pandemic

The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) - France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.

Latvia to launch Google-Apple friendly coronavirus contact tracing app

RIGA (Reuters) - Latvia aims to become one of the first countries to launch a smartphone app using a new toolkit created by U.S. tech giants Apple and Alphabet’s Google to help trace coronavirus infections.

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.

Mexican auto industry groups urge Puebla state to allow operations to restart

Mexican auto industry groups urge Puebla state to allow operations to restart

Mexican auto industry groups urge Puebla state to allow operations to restart

MEXICO CITY — Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.

German business morale rebounds in May as corona restrictions are eased

The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.

Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares

Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof

German Businesses Bet on Gradual Rebound From Virus Hit

German businesses are counting on an improvement in the economy in the second half after the coronavirus pandemic depressed private spending and investment and plunged the economy into a recession.Companies surveyed by Ifo showed cautious optimism in May, with a gauge of expectations rising after the previous month’s plunge. A full-fledged recovery though is still a long way off as consumers wary of infections keep away from shops and restaurants, and firms struggling with subdued demand cut jobs.

To consumers, Malaysia’s CPI deflation a sign of pandemic hardship

KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...

Rock-bottom interest rates may be here to stay

Once the labour market begins to recover, the Federal Reserve’s experience in the pre-pandemic, record-long economic expansion is likely to influence when its raises rates

This Week: New home sales, US GDP, consumer spending

A look at some of the key business events and economic indicators upcoming this week:

This Week: New home sales, US GDP, consumer spending

A look at some of the key business events and economic indicators upcoming this week:

UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down

Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August

Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh

The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.

Intuit Posts 8 Pct Q3 Revenue Hit

Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.

Intuit Posts 8 Pct Q3 Revenue Hit

Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.

HDFC profit drops as virus provision surges

Lender piles up ₹30,000-crore cash chest: 26% loans under moratorium

HDFC posts 22% fall in Q4 net, provisions rise on COVID-19 impact

It has reported an increase in provisioning, including impact for COVID-19, at Rs 1,274 crore (Rs 398 crore for COVID-19). The HDFC board has proposed a final dividend of Rs 21 per share as against a final dividend of Rs 17.50 the previous year.

Mumbai heads for highest number of daily new Covid-19 cases for any city in the world

With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.

Mumbai heads for highest number of daily new Covid-19 cases for any city in the world

With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.

Bata India Q4 net profit down 57% to Rs 38 crore

The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.

CBD Melbourne: Some free advice for private equity giant Bain

Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.

CBD Melbourne: Some free advice for private equity giant Bain

Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.

No crying over spilt milk as advisers focus on Virgin bid

Jayne Hrdlicka could be Virgin's next CEO or chairman if Bain is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.

Carney: America’s Economy Slowly Comes Back to Life

Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy

Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore

The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.

Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr

Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.

ITC To Acquire Spice Maker Sunrise Foods

ITC-Sunrise Foods Deal: ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited.

ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore

The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.

ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods

ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.

Delhi-Pune, Mumbai-Patna, Ahmedabad-Delhi among first flights to take off as domestic air services resume after two months

Indian skies will open up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry sources said

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.

India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT

The country's retail trade lost business worth Rs 9 lakh crore in the last 60 days, mainly due to the nationwide lockdown to contain coronavirus pandemic, trader's body CAIT said on Sunday.

Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT

CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST

Japan lifts state of emergency in Tokyo; global cases near 5.5M

May 25 (UPI) -- Japanese Prime Minister Shinzo Abe on Monday lifted a state of emergency in Tokyo as the rate of new cases declined.

ANZ 'hopeful' COVID loan deferrals not as dire as feared

ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.

ANZ 'hopeful' COVID loan deferrals not as dire as feared

ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.

In China's auto market, worries grow that cashback deals and gifts presage damaging price war

Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...

Mexico posts largest trade deficit on record as exports collapse

Mexico posts largest trade deficit on record as exports collapse

Nissan, Renault to disclose plan to slash production due to Covid shutdowns

The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022

Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore

The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.

The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low

Investors look to an eventual economic recovery, but credit markets may be seeing things differently

Vermilion Energy CEO’s departure signals return to conservative roots

Return of co-founder as executive chairman comes with greater focus on balance sheet

DMart’s secular rally may pause for a while

The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Facebook shareholders urged to rebel against Zuckerberg

Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.

Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets

Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties

Want to become a billionaire? Here are the industries that produce the most ultrawealthy people

While a select few have become billionaires working in the food and beverage sector, a lot more people become rich in real estate.

Want to become a billionaire? Here are the industries that produce the most ultrawealthy people

People have been able to turn lots of different ideas into billion-dollar businesses, but it’s easier in some fields than others.

ASX to open higher, $A steady

Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.

Guy Laliberté announces he will fight for control of Cirque du Soleil

Move comes three months after founder sold his ownership position in Quebec-based entertainment company

Guy Laliberté in talks with partners on a bid to win back Cirque du Soleil

The company’s founder will take part in effort to recapitalize the struggling company. He says the recovery could take years

US strikes at a Huawei prize: chip juggernaut HiSilicon

Will now lose access to tools that are central to its success.

Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat

Business Standard brings to you the top headlines of the day.

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.

Tokyo stocks close higher on virus hopes

Tokyo stocks closed higher Monday on expectations the state of emergency will be lifted for the whole nation, including economic powerhouse Tokyo.

3 Reasons Bitcoin Will Ultimately Break Out To The Upside

Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com

3 Reasons Bitcoin Will Ultimately Break Out To The Upside

Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com

Japan lifts national state of emergency

Japan has lifted its nationwide state of emergency over the coronavirus, after new cases slowed to a crawl in the country with the world's third-biggest economy.

HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid

After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore

Best month for Brent in 21 years overshadows US-China feud

Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.

Euro zone bond yields steady; focus remains on recovery fund

LONDON — Euro zone bond yields were steady on Monday, as the market overlooked a paper from Austria, Sweden, Denmark and the Netherlands opposing the EU’s planned grants-based recovery fund and awaited the European Commission’s own release later this week.

India may register recession in third quarter of this fiscal: Report

The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

Shares in depository account can be used as margin till August 31: SEBI

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.

Sebi okays use of shares in depository account as margin until Aug 31

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system

Lufthansa's US$9.8 billion bailout bogged down in talks with EU

Germany’s 9 billion-euro (US$9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.

SpaceX ready for defining moment with first humans on rocket

For a nation scarred by the health and economic impacts of the coronavirus and slowly emerging from stay-home orders, the SpaceX launch will be a chance to look skyward.

China's 'hermit' investors fill doubled oil storage with crude bet

SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.

NASA astronauts go back to the future with capsule launch

It's back to the future as NASA astronauts launch again from the U.S.—aboard a retro-style "Right Stuff" capsule.

NASA astronauts go back to the future with capsule launch

CAPE CANAVERAL, Fla. — It’s back to the future as NASA astronauts launch again from the U.S. — aboard a retro-style “Right Stuff” capsule. Make no mistake: This is not your father’s — or

Economic shock from COVID-19 to lead to higher indebtedness, Poloz says

Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.

Rand steadies, stocks open lower

At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.

Rand steadies, stocks open lower

Bonds firm.

Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again

Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again

Wholesale vegetable prices fall sharply by up to 60% during lockdown

Wholesale prices of tomato, onion and other key seasonal vegetables have declined sharply by up to 60 per cent across the country, mainly due to higher production, compression of demand and market disruption amid COVID-19 crisis.

Forget panic buying, panic driving is next virus fad

The challenge of getting to work using the traditional means of public transport creates a dilemma.

Forget panic buying, panic driving is next virus fad

The challenge of getting to work using the traditional means of public transport creates a dilemma.

Reliance Industries launches JioMart service across cities, offers discounts: Here's how to buy groceries, place an order

Customers can now log on to the newly-launched website jiomart.com to place an order

Germany mulls €50,000 a month for stricken firms

FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...

Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%

Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.

New emissions blow for VW as German court backs damages claims

KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.

German business expectations pick up as lockdown is lifted

Monthly survey finds improving outlook despite pessimism over current effect of pandemic

Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report

The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »

Fitch sticks to AAA credit downgrade warning

Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.

Ratings agency reaffirms negative outlook, despite JobKeeper change

Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.

Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say

China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?

10 things you need to know this morning in Australia

Good morning, folks.

Bayer shares jump on report of Roundup settlement

FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...

Bank of Canada head: inflation could return to target more slowly

Bank of Canada head: inflation could return to target more slowly

Banks continue to lend less even as deposit growth improves, credit growth now at  mere 6.5%

Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.

'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'

Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.

Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal

The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies

Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal

While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »

UK Reviewing Huawei Impact on its 5G Networks

Following the US sanctions on Huawei networks last week, the UK is conducting a fresh review into the impact of allowing the telecoms company to be used in British 5G networks.In January, the UK d

StockBeat: Vamos a la Playa (Lockdown is Over)

StockBeat: Vamos a la Playa (Lockdown is Over)

Slate Asset Management launches $500-million fund to finance COVID-hit companies

Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments

Virus vaccine maker's bubble bursts after stock crashes

The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.

Tamil Nadu allows domestic flight operations, issues SOP for airports

Tamil Nadu, late on Sunday, gave nod for domestic flight operations in the State from today.Flights to Chennai, Coimbatore, Madurai and Trichy are to operate from today. However, incoming flights to b

Who Wins In Recessions? The Rich And The Lucky

While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.

Rally likely in oil prices but upside may be capped on uncertain demand outlook

We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.

Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role

Vermilion says it has created an executive committee to run the company instead of replacing Marino

Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures

Memorial Day will take on an even more somber tone this year.

Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam

Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.

Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown

Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.

Dollar, Treasurys, S&P 500 Breakouts Mostly Averted, So Far

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

Coronavirus Will Stretch, Not Break, Global Supply Chains

Here’s a vision of how coronavirus might change the world. Governments devastated by the pandemic and the costs of supporting locked-down and unemployed workers will reverse decades of retreat to take a more muscular role in their economies. Business

Flash PMI Shows Japan On Course For Record Downturn In Second Quarter

Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde

Virgin Australia lessors agree in principle to delay plane repossession: administrators

Virgin Australia lessors agree in principle to delay plane repossession: administrators

Short-term rates fall by 30 bps, ease working cap stress

Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.

Economists See China Holding Stimulus in Check Amid Uncertainty

(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.

60 days, 56-fold growth: India now second largest PPE manufacturer

According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.

Global oil demand is not heading for a permanent decline

Videoconferencing will not solve our energy and climate challenges, says IEA chief

Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds

Collections may come under pressure once the base effect wears off

China's currency gamble adds fuel to fire

The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.

HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout

Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.

Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more

Here are the top 10 headlines on Monday morning

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

MEXICO CITY (Reuters) - Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.

The Daily Chase: Bank earnings loom; CECRA applications open

It’s bank earnings eve in Canada, with the billions upon billions in cumulative loan loss provisions expected to be presented to investors starting tomorrow when Bank of Nova Scotia and National Bank launch reporting season for the Big Six. Meanwhile, the government’s emergency commercial rent assistance program is open for applications as of today,

German government takes 20% stake in $10B Lufthansa bailout

May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.

Air New Zealand sees annual underlying loss due to coronavirus

Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.

Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns

A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.

Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns

A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.

Delhi sees season's highest power demand on Sunday

Tata Power Delhi Distribution said it met the peak power demand of 1493 MW on Sunday night.

Heat wave drives Delhi’s peak power demand to season high of 5,268 MW

Expected to touch last year’s peak of 7,409 MW by July: Tata Power-DDL

Central bank printing presses might be in overdrive, but inflation is not the real threat here

Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time

Jefferies’ 22 highest conviction U.S. stock picks

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

3 Big Casinos Have a Lot to Lose in a Coronavirus Blame Game

A war of words over COVID-19 could have far-reaching repercussions.

Mexican Power Utility Wants Immediate Price Hike for Rivals

(Bloomberg) — Unfazed by criticism it is unfairly blocking renewable energy projects, Mexico’s state-owned utility is doubling down on demands for regulators to protect its market share.

Clubhouse: Silicon Valley Perks Up Its Ears for Buzzy Audio Chat Startup

It’s a secret, almost. But Silicon Valley is buzzing over a new audio-chat social network which is struggling to keep … Clubhouse: Silicon Valley Perks Up Its Ears for Buzzy Audio Chat Startup Read More »

Coronavirus could cost Mexico a million jobs: President

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as ...

BA planning to rehire sacked staff on worse terms, union says

Unite accuses airline of using coronavirus crisis as cover for betraying its workforce

Coronavirus state-wise tally May 25: Known COVID-19 cases in Maharashtra surge past 50,000-mark

With 50,231 COVID-19 cases, Maharashtra has reported the highest number of infections, followed by Tamil Nadu (16,277) and Gujarat (14,056).

Can former Disney executive Kevin Mayer transform TikTok?

American prepares to steer Chinese sensation through US turbulence

Walmart Mexico pays Mexico about $359 million in back taxes

Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it.

Walmart Mexico pays Mexico about $359 million in back taxes

MEXICO CITY (AP) — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant...

Walmart Mexico pays Mexico about $359 million in back taxes

MEXICO CITY — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it. The payment appears to mark a victory for President Andrés Manuel López Obrador, who has railed against …

Central bank asset purchases creating ‘fake markets’, analyst warns

'They're no longer related to any fundamental analysis whatsoever'

Still A Lot of Value in Corporate Bond Market

Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c

Still A Lot Of Value In Corporate Bond Market

Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev

IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid

IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr

ONGC may buy IL&FS’ 26% stake in Tripura power arm

IL&FS invites expressions of interest for share acquisition

ASX 200 Index: Australian shares start out the week 1.5% higher

Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin

Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days

Trade body advises members to only export to countries which have announced stimulus

Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance

This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).

Buy VST Industries; target of Rs 4000: ICICI Direct

ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.

Hold Colgate-Palmolive (India); target of Rs 1350: ICICI Direct

ICICI Direct recommended hold rating on Colgate-Palmolive (India) with a target price of Rs 1350 in its research report dated May 23, 2020.

Cirque du Soleil founder prepares offer to buy back in

Three months after selling his remaining shares in Cirque du Soleil Entertainment Group, founder Guy Laliberte said he’s preparing an offer for the debt-laden company hit by the coronavirus pandemic.

Air Canada to increase service to 97 destinations this summer

The figure is less than half the number of destinations the carrier served last summer…

Sportscar brand Aston Martin could see AMG chief come in as CEO

Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time

Markets advance on hope of restrictions being eased globally

Subdued volumes traded on world markets as London and New York closed for holidays

China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19

China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

Softer rate regime to impact guaranteed-return products

“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.

Oil price rebound improves investors’ patronage, lifts index by 5.59%

The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...

Bank of Israel leaves rates unchanged, sees less economic damage in 2020

JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.

Supplies of smartphones, tablets, laptops hit due to lower production & distribution workforce

Two senior industry executives said brands like Apple, Xiaomi, Oppo, Vivo and Realme are facing supply issues with operational plants running at 30-35% capacity and several warehouses are not able to operate normally.

Australia gives companies a six-month break from earnings forecasts

Australia gives companies a six-month break from earnings forecasts

Jobless benefit requests by Portugal's young spike 52% during pandemic

LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday

Deficit monetisation: Is it really as simple as RBI printing more money?

India has a comfortable foreign exchange reserves of $487 billion currently.

BSE, NSE shut today on account of Ramzan Id

On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.

Streetwise newsletter: Public pension plans largely stick to convention and offer little information on pandemic impact

Public pension plans largely stick to convention and offer little information on pandemic impact: The Canada Pension Plan Investment Board is about to give Canadians insight into what COVID-19 has done to the investments of the country’s public pensions in the past few months – but for members of most other major plans, the damage that’s been done from a sharp, sudden decline in markets may remain a mystery. (David Milstead)

Earnings Estimates Decline Further, Pushing Stock Market Valuations Even Higher

Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, SPDR S&P 500, Apple Inc. Read Michael Kramer's latest article on Investing.com

DPIIT to seek nod for startup credit scheme, seed fund

Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.

British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'

The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

CSMIA operates 47 flights to 14 destinations on May 26

These 47 flights were undertaken by seven domestic carriers, Mumbai International Airport Ltd ( MIAL) said in a statement.

Forced to adapt, businesses rethink how they make money | Honolulu Star-Advertiser

NEW YORK >> Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak.

Hertz car rental company has filed for bankruptcy

As a result of the COVID-19 pandemic, the Hertz car rental company files for bankruptcy protection

Corporate governance: SBI weighed down by its own laws, says IiAS

The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.

Rolls-Royce increases price-cuts pressure on suppliers

Big equipment makers turn to strained supply chain for savings

Job searches for remote work jump 377% during February-May

In wake of the coronavirus crisis, job searches for remote work in India have soared over 377 per cent during February to May, reveals a recent report by job portal Indeed. Job seekers are ready to take a salary cut in order to have access to remote worki

Cleaning crews ready for reopening in post-pandemic US

Tables, chairs, counters, doors: reopened US businesses and restaurants will have to focus on thorough disinfecting if they want to lure customers, and cleaning companies are preparing for an explosion in demand.

IBM, HP announce major job cuts

Although exact number of layoffs was not confirmed, reports suggest it could be in the thousands.

Debt of consumer discretionary firms faces a downgrade

Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.

Reliance’s JioMart live across India: Important details about the Amazon, Flipkart’s rival

Currently, JioMart is available as a web version but the mobile version is expected to be available very soon. No official words from Reliance as of yet. Reliance has officially launched JioMart in the country across almost all regions.

Rand slips on US-China tensions

South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.

Life insurance firms record 45% degrowth in April, but post-COVID future bright

Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward

Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading

European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.

Hulbert: My stock market forecast for June is likely wrong — but watch out for August

The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.

Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits

Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering

Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits

Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.

Tata Motors' JLR seeks COVID-19 support package in UK: Reports

Tata Motors owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.

Macron Set to Unveil Aid for Embattled French Auto Industry

French President Emmanuel Macron is set to announce measures to support the auto industry before other European governments, highlighting the crucial role the sector plays in the economy and how hard it has been hit by the coronavirus pandemic.

Bars, gyms reopen as Iceland exits emergency coronavirus alert

COPENHAGEN (Reuters) - Iceland eased its national alert against the coronavirus on Monday, allowing for public gatherings of up to 200 people and night clubs and gyms to reopen as the country nears complete recovery from the outbreak.

Strong fiscal measures needed

Reserve Bank of India (RBI) Governor Shaktikanta Das has made the first official acknowledgement from a high authority of an expected contraction of the GDP this financial year. Though predictions have been made of varying percentages of shrinkage of the GDP and even of zero growth, it is the first time that a negative growth has been forecast. The RBI governor did not give an estimate of it but noted that there is growing uncertainty in the economy and "an encircling gloom’’. He saw a likely rise of 3.7% in agricultural production as the only bright prospect.

Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4

All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.

Volkswagen ordered to compensate motorists in landmark ‘Dieselgate’ ruling

A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home mar…

Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines

The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.

Report: Billionaires Have Made $434 Billion During Coronavirus Pandemic

According to a recent report, American billionaires have enjoyed a huge boost in net worth in the first two months of the Chinese virus pandemic, earning around $434 billion since March 19, when many states went into lockdown.

Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact

 Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over

BOK tipped to cut key rate this week: poll

The Bank of Korea (BOK) is widely forecast to trim its policy rate this week amid the growing economic fallout from the new coronavirus outbreak, a poll showed Monday. Twelve out of 18 analysts surveyed in a poll by Yonhap Infomax, the financial news arm of Yonhap News Agency, forecast a rate cut this Thursday when the BOK monetary policy board holds its monthly rate-setting meeting. The central bank froze the benc...

If you invested R100 in these companies on 1 January 2020, here is how much you would have today

Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.

Here’s the key to constructing a portfolio for what comes next

Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective

Canadian economy entering ‘unknowable times’ because of downturn from pandemic, Poloz says

Bank of Canada Governor says said the most pressing danger stemming from this uncertainty is that it could fuel serious deflationary pressures

Telstra powers up 5G footprint as new spectrum comes into picture

Telstra is running ahead of schedule on building out its 5G network, with the telco saying it has extended its coverage to 47 cities across Australia.

Coronarvirus intermission? More than 80% of film audience miss theatres

That and more is what 'Back to the Theatre', consulting firm Ormax Media's report on the 'Expected theatre-going behaviour in India post Covid-19,' states

A longer JobKeeper will keep people in fake jobs

Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.

States pitch for maximum permissible use of Consolidated Sinking Find

Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds

Delay in projects to impact profitability in FY21, says Cochin Shipyard

There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts

Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds

Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com

Coronavirus impact: Tata Group top rung to take 20% pay cut

Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company