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 ...

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

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 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 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…

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

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

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.

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

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 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 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 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.

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.

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 …

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

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 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 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

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

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

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.

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

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.

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.

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

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.

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

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

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.

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.

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

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

New restrictions at airports force airlines to scramble revised schedules

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.

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 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

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

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.

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 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.

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 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

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.

US farmers worried as crop prices dip

Market disruptions have been caused by the Covid-19 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.

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

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.

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

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

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’...

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.

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.

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

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.

[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.

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

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

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.

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.

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

German survey fuels stock gains, euro investors eye EU summit

German survey fuels stock gains, euro investors eye EU summit

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.

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...

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

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 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 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 […]

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...

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.

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

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 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...

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

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 »

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.

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 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

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.

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

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

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

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.

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.

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:

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

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada, Transat deal faces intense EU antitrust scrutiny

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.

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.

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 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

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.

GST refund: CBIC clears Rs 11,052 crore claims

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.

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.

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

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

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.

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...

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.

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. 

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

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

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.

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

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

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.

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

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.

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.

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.

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.

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.

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:

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

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

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.

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.

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

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.

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.

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.

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.

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...

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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

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.

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

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

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

'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)

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.

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

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

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

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.

Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more

Here are the top 10 headlines on Monday morning

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,

Jefferies’ 22 highest conviction U.S. stock picks

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

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 ...

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

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

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

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.

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

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.

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.

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

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.

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

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

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

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.

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.

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

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.

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.

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.

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…

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.

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.

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.

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

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...

Tasty pursuits! What consumers are turning to when restaurants are shut

The demand for snack items is up, but can manufacturers keep up?

Lufthansa state rescue deal agreed in principle, say sources

FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...

Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020

Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.

Instagram Rival Snapchat Grows by 120% In India, Focuses on 'Culturally Relevant' Products

New Delhi (Sputnik): India, with its huge population of millennials, makes for the largest market of several mobile applications including WhatsApp and TikTok among...

Investing in Spanish Nissan factory cheaper than closing it: Spanish official

(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).

Chaotic Sunday forces customers, airlines to re-draw plans for flight resumption

Constant changes in schedules and confusion over protocol underline the chaos over resumption of flights on May 25

Buy Kalpataru Power Transmission; target of Rs 313: YES Securities

YES Securities is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 313 in its research report dated May 21, 2020.

Sovereign rating: Economists shrug off downgrade fear amid Covid crisis

Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.

'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'

With more rate cuts expected, we expect bond yields to remain soft in the near term.

This Australian founder made $25 million from the COVID-19 pandemic

Jeromy Wells, the chief executive and founder of listed cloud communication platform and workflow software company Whispir, denies COVID-19 is the best thing that has ever happened to him.

Fees, government securities lift KCB’s earnings

It recorded improved performance of its regional subsidiaries.

U.S calls for probe against AfDB president

The intervention by the Treasury, the AfDB’s biggest non-African shareholder, comes two weeks after the ethics committee found no evidence to support allegations of favoritism by Adesina. The 60-yea

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

With little state aid, zombie shops in Portugal fear short-lived reopening

LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.

Second Iranian Tanker 'Forest' Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows

The second tanker follows the first of five Iranian vessels carrying an estimated total 1.53 barrels of gasoline between them. The first vessel, the 'Fortune'...

Consumer Spending And Demand Has Changed Due To The Pandemic

The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.

McDonald's reveals plan to open more branches

The fast food giant has only reopened a small number of branches in the south east of England - but its CEO says it has 'not forgotten' about the rest of the country.

Brazil still plans to privatize 43 airports through 2022: minister

Brazil still plans to privatize 43 airports through 2022: minister

Laptop imports from China surge during shutdown

Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.

Cancellation and confusion: Resumption of domestic flights comes with a silver lining though

Air India passengers took to Twitter to air their woes

3 Travel and Tourism Stocks Poised for a Bull Run

The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.

Rich, but household debt is growing: A time bomb for South Korea?

South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...

Pandemic Receding, Investors Review The Fallout

But if we are dealing with this come July, markets are going to reassess big time.

If Bitcoin Follows the 2012 and 2016 Halvings, Price Will Go “Almost Vertical”

It's been a brutal past two weeks for Bitcoin miners. After the block reward halving that transpired on May 11th, the revenue of BTC miners was

Maruti, Hyundai employees test COVID-19 positive, firms not to shut down

India's top carmakers Maruti Suzuki India Ltd and Hyundai Motor India Ltd on Sunday said they will not suspend production at their factories in Manesar and Irungattukottai near Chennai respectively despite some of their employees testing positive for coronavirus in the last two days.

Birmingham City Council owes other councils more than £200m

A council owed other local authorities more than £200 million last year, the seventh highest total of any council in the UK, an investigation shows.

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.

Here's why you still can't find a webcam anywhere you look

Increasing number of companies asking staff to work from home has led to shortage of office supplies and computer peripherals.

KKR becomes Jio Platform's fifth investor in five weeks | ZDNet

Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.

An expedition will recover the Titanic's telegraph — the radio it used to call for help as it sank. Here's how it'll work., Business Insider - Business Insider Singapore

Business Insider - A specially designed robot is set to enter the Titanic's Marconi suite, where operators issued the sinking ship's last distress call.. Read more at businessinsider.sg

Renault must join French-German battery project: minister

Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.

Go read this fascinating interview with a woman who inherited Elon Musk's old cell phone number — and a constant barrage of texts and calls, Business Insider - Business Insider Singapore

Business Insider - A 25-year-old kept getting texts and calls from people trying to reach Elon Musk. It turns out she had inherited his old phone number.. Read more at businessinsider.sg

European consumers stockpile savings, adding to economic drag

Bank deposits surge as households seek to shield themselves from impact of coronavirus

Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings

CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain

Trade setup: No consensus on Nifty direction; 50DMA remains key hurdle

This makes the market more vulnerable on the higher side.

How The Stage Was Set For The Pandemic’s Great Digital Shift

The pandemic has spurred a great shift to digital, but the foundation was already in place, underpinning consumer behaviors that seem poised for permanence.

Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers

Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.

Pharma emerges as most preferred sector among MFs

Earnings downgrade in the sector is likely to be the lowest among all sectors.

AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)

AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]

Oppenheimer & Co. Inc. Boosts Stock Position in Axon Enterprise Inc (NASDAQ:AAXN)

Oppenheimer & Co. Inc. increased its stake in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 20.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,830 shares of the industrial products company’s stock after purchasing an additional 1,500 shares during […]

Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)

Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]

[News Focus] Caught between the US and China, Korean chipmakers on edge

South Korea’s chipmakers are again on edge over the second round of technology war between the United States and China involving semiconductors, according to industry sources Monday. Although the flagship businesses of Samsung Electronics and SK hynix pivot on memory products, which aren’t yet subject to the new US sanctions on China’s tech giant Huawei Technologies, worries are growing over the t...

3 Stocks to Buy and Hold for Decades

Great businesses can allow you to compound your wealth over the decades.

Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy 

RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.

Buy Hawkins Cookers; target of Rs 4900: ICICI Direct

ICICI Direct is bullish on Hawkins Cookers has recommended buy rating on the stock with a target price of Rs 4900 in its research report dated May 22, 2020.

Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens

Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.

Hong Kong stocks close slightly higher

HONG KONG, May 25 — Hong Kong stocks finished today with small gains, reversing a morning sell-off, but investors remain on edge after a weekend of protests in the city against a controversial security law proposed by Beijing. The Hang Seng Index added 0.10 per cent, or 22.10 points, to...

Bank OZK: Further Margin Attrition And Elevated Provision Expense To Hurt Earnings

OZK will most likely need to increase its loan loss reserves in the second quarter, leading to another quarter with high provision expense. The rate-sensitive n

Why You’ll Never Get Another Stimulus Check

You used to need a regular bank account to cash a government stimulus check, receive social security, or pay taxes. But now, for the first time ever, their stranglehold on money is slipping away.

'Very weak': Labor warned over Victoria's credit status

Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.

Spend the $60b windfall on bigger stimulus

If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.

HDFC Q4: Loan growth slows owing to Covid-19-led disruption

Aside from slowdown in disbursements, the lockdown also impacted collections in the second half of March

Avoid low-interest COVID-19 personal loans, unless strapped for cash

This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals

3 Ways JD.com Is Beating Amazon

The Chinese e-commerce company may be smaller, but it has some advantages over its American counterpart.

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

Bajaj Finance Rating: Buy — BAF will cement its dominance once the dust settles

FY21/22e earnings cut by ~8% due to present crisis; TP lowered to Rs 3,500; growth story is intact; ‘Buy’ retained

Smiths City votes to go into receivership to hasten sale

Furniture and electronics retailer Smiths City has been placed into receivership to allow a quick sale to Polar Capital, a private investment...

Buy Colgate ; target of Rs 1520: Motilal Oswal

Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.

Buy Essel Propack; target of Rs 200: Motilal Oswal

Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.

Premier digs in on rent as UK restrictions bite

The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.

Govt asks RBI to remove sugar from negative list as virus hits consumption

Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears

No bad bank yet: Govt plans reforms in asset recast space

The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.

Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member

New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...

French crisis measures have cost 450 billion euros, finance minister says

French crisis measures have cost 450 billion euros, finance minister says

Disney+ Gains 2 Million Oz Viewers In First Four Months

According to the latest data from Roy Morgan, Disney+ had attracted 2 million viewers in Australia by end-March, only four months after the streaming service entered the local market.

Foxtel left floundering by streaming rivals

Roy Morgan has released new data showing explosive growth across Australia’s subscription television market from all providers except Foxtel:

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

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.

Covid-19 gulps EABL profits down by all of $28.7m

The brewer issued a profit warning following Covid-19 regulations to close bars.

Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra

According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.

‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies

‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy

SpaceX reaches for a milestone in spaceflight

On 27 May, two US astronauts are planning to launch from the Kennedy Space Centre on a mission to the International Space Station. What’s remarkable is they will not be launched by Nasa but by a private company.

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.

BOK's rate cut in the offing, but 'when' still being debated

The Bank of Korea (BOK) will be prodded to further slash its key rate to support the virus-stricken economy, experts said Monday, but when it will push down the base rate to an unknown territory remains to be seen. In a poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, 12 out of 18 experts surveyed anticipated to see a rate cut this month. But all but one expected the BOK to cut the rat...

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.

SpaceX’s first Starship hop on hold for historic Crew Dragon astronaut launch

SpaceX CEO Elon Musk says that he’s “redirected SpaceX’s priorities” to be almost entirely focused on Crew Dragon’s imminent astronaut launch debut, delaying Starship’s own hop test debut by at least a week or two as a result. As of now, SpaceX’s Crew Dragon spacecraft remains on track to lift off with NASA astronauts for […]

Watch out Amazon, Flipkart: Reliance's JioMart launches online grocery service across India

Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”

Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre

Boost for zero-emission sources as global capital backs Indian solar power

The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent

Nigeria records breakthrough as NCDC validates viral RNA extraction

The country has blazed a trail in Africa with the Nigeria Centre for Disease Control (NCDC) successfully validating the first phase of the viral...

SpaceX brings renewed expectations to crewed space exploration

Americans were not meant to sit on their hands with their feet up on the coffee table. Our forebears of more than 10 generations took leaps of faith -- some by ship, some by foot and some by airplane

COVID-19 cases in Nigeria double almost every week — but there is good news

Cases of COVID-19 have at least doubled almost every week since the outbreak of the disease in Nigeria back in February, TheCable

Virtual Reserve Bank cash cut lowers rates

A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.

Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?

Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...

Industry insider reveals the true impact of the lockdown on the South African travel industry

An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.

Four ways to create more diversified and resilient portfolios

Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19

Prices of N-95 masks down by up to 47% after NPPA advisory

N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.

RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

Home, Personal Loan EMI Moratorium: With the hardship continuing due to the ongoing lockdown, the RBI has extended the moratorium of term loans by a further three months till August 31, 2020.

‘Cognizant determined to emerge stronger from Covid crisis’

Thanks to a strong balance sheet, close partnerships with associates/clients, and digital imperatives, says Brian Humphries

First Iranian fuel tanker arrives in Venezuela, despite US criticism

The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela's El Palito refinery, Iran's English-language Press TV reported on Monday.

Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%

SmartCentres, SNC and Telus see insider buying

The 9 at 9: Monday

Here’s what’s making headlines this morning.

ASX climbs 2.2pc to 11-week high, buoyed by travel stocks

The Australian sharemarket closed at an 11-week high as shares extended their rebound from the March rout as the economy edges back to normal. 

The artisans behind Italian fashion tremble at their future

Until recently, some of most intricately embroidered fabrics in the world, like those found in garments designed by Giorgio Armani, Valentino, Etro and Prada, have come out of a duplex apartment complex in Milan, the home of a small business called Pino Grasso Ricami.

Delivery App Fee Caps Introduced As Restaurants Rebel

Fee caps have been introduced to protect restauranters that use a delivery app as reported by NBC. Coronavirus has hit the hospitality industry hard with

Hoggets bear brunt as factories slash sheep prices

Last week those in the trade were beginning to speak about factory prices being “on a knife edge”. By yesterday morning quotes for spring lambs had been pared by 10c/kg.

Resumption of flights: It's chaos for passengers

Most of the complaints are from Air India passengers

U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves

Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national

South Africa’s richest people recover some lockdown losses

South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.

MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero

A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.

Fitch downgrades JSW Steel, Tata Steel to BB- from BB; outlook negative

The Indian Steel Association has forecast an 8 per cent drop in domestic demand in FY21

NNPC says top management appointments on merit

The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and..

NNPC says top management appointments on merit

The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountab

Doosan Group struggling to sell assets to tide over credit squeeze

Heavy machinery and power equipment-focused Doosan Group is seeking to ease its severe credit squeeze stemming from its flagship Doosan Heavy Industries & Construction Co. by coming up with a self-rescue plan that centers on sales of assets.  The country's 15th-largest conglomerate said late last month that it will push ahead with a plan to sell its shares and non-core assets in a bid to secure more than 3 ...

Virgin Atlantic delays flight resumption to "August at the earliest" due to quarantine measures

The carrier said that “by introducing a mandatory 14 day self-isolation for every single traveller entering the UK, the Government’s approach will prevent flights from resuming”

Samsung's NAND flash market share down slightly in Q1

The share global NAND flash market for Samsung in the first quarter of the year dropped slightly compared to three months earlier, a report said on Monday, although the South Korean giant

How to build an emergency fund

The financial problems caused by the pandemic has made everyone realise the importance of maintaining an emergency fund

Hamburg privacy boss calls for overhaul of EU privacy rules

Johannes Caspar said the failure of EU agencies to cooperate had undermined GDPR.

Gold Trading Along Last Week’s Lows

Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com

Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

4 More Oil Stocks That Could Go Bankrupt in 2020

These oil companies are on a slippery slope.

Vedanta’s delisting plan: What choice do shareholders have?

The price of ₹87.5 per share indicated by the company may be too low; but investors have the choice of placing their bids higher

Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’

Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...

We Are Going To Need A Lot More Stimulus

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ

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

Plant-based 'meats' catch on in the COVID-19 pandemic

Meat industry's troubles may have provided a boost for plant-based meat substitutes

Are you still watching? Netflix to start canceling inactive accounts, if members don't confirm.

Netflix users who don't want to see their subscriptions canceled should make sure to answer if they're still watching.

Oil firms set price hike whopper: P2.30 per liter of diesel

Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.

Deploy Bear Call Spread strategy in Nifty as weakness expected to continue

Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.

Why The UK’s Quarantine Law Doesn’t Put The Brakes On F1’s British Grand Prix

F1's British Grand Prix is reportedly under threat due to the UK goverment's new quarantine law but it is actually driven by the sport's decision to host back-to-back races.

How Netgear Is More Than Just A 5G Play

Netgear's revenue growth picked up at the tail-end of the first quarter. Paid subscribers could double. Mesh network, WiFi 6, and hotspots are positive drivers

IOOF class action dropped but legal woes remain

IOOF has reached a settlement to end the Supreme Court case commenced by Quinn Emanuel on behalf of IOOF shareholders but separate proceedings initiated by Shine Lawyers are ramping up.

Are lidos open and can you swim outdoors during lockdown?

Is swimming back on?

Southern Company: Still A Stock To Own?

In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.

South African bankers work from home

“We have established that we can work very effectively from outside of the building.”

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.

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.

RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers

The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.

Some euro zone central banks need to do more, others less: ECB's Villeroy

Some euro zone central banks need to do more, others less: ECB's Villeroy

Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues

The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre

[Newsmaker] Recycling centers face desperate battle to survive

The global coronavirus pandemic is threatening the future of plastic recycling in South Korea, as major recycling centers are incurring mounting losses amid a collapse in global demand. Many are being forced to cut costs, work hours and head counts just to stay afloat, but a quick turnaround appears unlikely, industry insiders and government officials said. “(Local) recycling centers are largely dependent o...

Frydenberg’s changes to shareholder class actions smack of ‘cronyism’, lawyers say

The move has been made using emergency Covid-19 powers and favours company directors, they say

What Sticks? Five Data-Driven Behaviors That Will Define America’s Reopening

PYMNTS has populated the current landscape with data-driven research to answer the critical question: Which consumer behaviors will stick through recovery?

Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%

Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.

Brussels Airlines to operate 40 per cent of long-haul programme by August

The carrier intends to gradually ramp up operations to a total of 59 European and long-haul destinations…

Reverse migration to villages has set economy back by 15 years, says JNU professor

India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.

Business sentiment rises but Covid-19 concerns persist

‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland

WTI consolidates the bounce above $33 mark amid intensifying US-China tensions

WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

EUR/USD: Geopoliticals risks can send the euro down

EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam

A Lot of Binance Exmployees Opt to be Paid in Crypto Rather Than Fiat: CEO

The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that "a lot" of employees opt to be paid in BNB, rather than fiat.

Bitcoin, Ether, and XRP Weekly Market Update May 25, 2020

The total crypto market cap lost $23.1 billion of its value for the last seven days and now stands at $246.2 billion. The top 10 currencies are mostly in red for the same time period with Bitcoin (BTC) being the worst performer with 9 percent loss while Tezos (XTZ) added 2.9 percent. By the time of writing bitcoin is trading at $8,780 while Ether (ETH) dropped down to $201. Ripple’s XRP nears $0.193.

Moody's revises outlook on Adani Abbot Point Terminal's rating to stable

AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor

Fast Track mergers: MCA keen to extend facility to more classes of companies

asks industry to come up with comprehensive suggestions

Monday’s analyst upgrades and downgrades

Raymond James slashes target on CAE

What Yasir Al-Rumayyan said at event explains unusual timing of Newcastle United takeover bid

Yasir Al-Rumayyan has given an insight into why Saudi Arabia's Public Investment Fund has been so aggressive during the coronavirus pandemic as Newcastle United supporters await the result of the Premier League's owners' and directors' test

Reliance Industries’ Online Grocery Service JioMart Goes Live In 200 Towns Across India

Reliance Industries limited has now officially launched its online grocery service, JioMart, across the nation after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan, reports India TV News.

HDFC a better play than its peers: Sharekhan

'Q4 stable for the NBFC on asset quality front'