Food companies may raise R&D spends post-Covid

Food companies are seen increasing their spends on research and innovation of new products in the post-Covid era, where safety and hygiene are expected to the new normal, experts said.As food safety

The Arrival Of The 'Unavoidable Pension Crisis'

I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued

How companies can prevent the spread of Covid-19 when returning to work level 3      

At the best of times, attaining and then maintaining compliance with the Occupational Health and Safety (OHS) Act is a monumental task facing all South African business owners. Now, with the added pressure of additional Covid-19 workplace health and safety requirements, employers could be hard-pressed to meet all of the OHS Act requirements unless they take professional advice on board.

PNC Financial Services Group Inc. Purchases 501 Shares of Donaldson Company, Inc. (NYSE:DCI)

PNC Financial Services Group Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,435 shares of the industrial products company’s stock after acquiring an additional 501 shares during the quarter. PNC […]

Milan-based Milkman snags €25 million to expand and partner with Poste Italiane for special delivery service

Milkman, a Milan-based logistics and delivery platform, has raised €25 million in its third round of funding, with backing from Poste Italiane, P101 sgr, Italia500, Vertis and 360 Capital. The deal includes an agreement between Milkman and Poste to create a new premium service, MLK Deliveries, specifically for Poste customers. The Italian company focuses on […]

Odisha’s plan of home delivery of liquor goes for a toss

People could not find any application platform to order liquor online and shop owners also insisted on offline selling

Eurozone bailout chief: 'No government can be blamed' for economic hit from Covid-19

As Europe stares down the barrel of a major economic contraction due to the pandemic, how can the continent get its workers and businesses back on their feet? How much money will have to be spent on…

California opens places of worship, in-store retail businesses -health officials

California retail with in-store shopping and places of worship that were closed under one of the most restrictive coronavirus containment rules in the United States may now open, health authorities announced on Monday.

What future for cars? Covid-19 sparks calls for switch to electric

Can Europe's carmakers trade in their old business model without crushing jobs? As Renault talks of plant closures, François Picard's panel examines conditions for a €5 billion bailout from the state…

ViaSat, Inc. (NASDAQ:VSAT) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in ViaSat, Inc. (NASDAQ:VSAT) by 48.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,794 shares of the communications equipment provider’s stock after purchasing an additional 7,108 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings […]

Cetera Advisor Networks LLC Decreases Stock Position in Newmont Goldcorp Corp (NYSE:NEM)

Cetera Advisor Networks LLC lessened its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,034 shares of the basic materials company’s stock after selling 4,773 shares during the period. Cetera Advisor Networks LLC’s holdings in Newmont […]

Harte Gold: Digging Into The Q1 Results

Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio

Why Entravision Communications Stock Could Be A Solid Play For Your Deep Value Portfolio

Entravision Communications is a major owner/operator of Spanish-language TV and radio stations. COVID-19 may mean an ugly Q2, and headwinds could persist throug

Arista Networks: Free Cash Flow To Drive The Stock Back To $300

Arista Networks displays a stellar balance sheet and juicy net profit margins. Discounted cash flow model points towards a return to $300/share, with prudent gr

Ministry directs educational institutions to pay staff

Kampala, Uganda | THE INDEPENDENT | The Ministry of Education and Sports has directed all private education institutions to duly pay their staff. Teachers and other workers in some educational institutions have reportedly gone two months without receiving their due salaries while several institutions had resorted to paying them lesser percentages with others completely suspended. …

With The New ZWL $10 Banknote Worth Just US$0.25, Is RBZ Serious?

With the Reserve Bank of Zimbabwe (RBZ) coming through with its promise to issue higher denominated banknotes, this raises questions on how serious the

SpaceX’s First-Ever Crewed Spacecraft To Officially Launch This Month

The momentous launch is set on 27 May 2020.

A Big Monkey Wrench In Any Economic Rebound

Today, we discuss a 'moral hazard' that came about thanks to the recently passed $2 trillion CARES Act. Few in the media are spotlighting this obvious impedimen

100 High Yielders Down Big: These 4 Are Worth Considering

While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc

Swiss National Bank Raises Stake in Steel Dynamics, Inc. (NASDAQ:STLD)

Swiss National Bank grew its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 836,223 shares of the basic materials company’s stock after purchasing an additional 143,700 shares during the quarter. […]

Power Ledger Expands Digital Energy Trading Business to Thailand

Australian energy trading software firm and blockchain project Power Ledger has inked a deal with the Thai Digital Energy Development (TDED) to launch a digital energy trading business in Thailand. This, according to a report by iTWire, May 25, 2020.

Policy Watch: What Aatma Nirbhar Bharat could learn from the USDA

Fiera Capital Corp Grows Position in salesforce.com, inc. (NYSE:CRM)

Fiera Capital Corp lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,677 shares of the CRM provider’s stock after buying an additional 175 shares during the period. Fiera Capital […]

Mirror Mirror On The Wall, Shucks – We’re The Fairest Telco Of Them All!

2degrees is the fairest telco in town, according to the 2020 Colmar Brunton Rep Z survey.

USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700

The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.

Bityard: Leveraged Crypto Futures Trading With a Regulated Exchange

Bityard’s mission is to create secure, simple, and fast crypto-asset trading services for people all over the world.

Cetera Advisors LLC Sells 2,568 Shares of Marathon Oil Co. (NYSE:MRO)

Cetera Advisors LLC lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 16.5% during the first quarter, HoldingsChannel reports. The fund owned 13,013 shares of the oil and gas producer’s stock after selling 2,568 shares during the quarter. Cetera Advisors LLC’s holdings in Marathon Oil were worth $43,000 as of its most recent […]

Emerging Courses: List of top courses to build a career in petroleum and energy sector

Here are some unique courses to pursue in the wealthiest of sectors - petroleum, oil, and energy, from post-class 12 to high-end postgraduate degrees. Check the offbeat courses with promising opportunities.

French FinMin Le Maire: State aid to tackle coronavirus has cost the state 20% of GDP

State aid to tackle coronavirus since mid-March has cost French state EUR450 bln or 20% of GDP, said the country’s Finance Minister Bruno Le Maire on

AUD/USD pares early losses, registers modest gains near 0.6550

The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD

[Monitor] TV shipments in China drop below 10m

China, the world’s largest television market, has suffered a sharp drop in shipments in the first quarter upon the COVID-19 pandemic, data showed Monday. According to Omdia, around 9,387,600 TV sets were shipped to retailers in China, dropping below the 10 million mark for the first time in nine years. The decline rate in TV shipments was 23.6 percent for China, 13.6 percent for West Europe, 8.5 percent for N...

Work begins, but salons struggle to make the cut

According to him, even the number of customers has come down drastically due to lack of space inside the salon to maintain physical distance. Most of the salons have two to four work stations. As of now, salons can accept only two customers at a time.​

One-stop spot for fresh vegetables

SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d

SA wine industry still reeling from effects of exports ban

Wine exports were prohibited for five weeks during the strict national lockdown under level 5.

HDFC Bank Credit Card, Debit Card Offer: Save up to Rs 2000 on buying AC, refrigerators, coolers online

As part of the offer, HDFC Bank is providing 10 percent Instant Discount with HDFC Bank Credit Cards and Credit/Debit EMI Transactions.

Petrol pumps closed in different areas of Karachi over lack of supply

The pumps have been closed down due to depletion of petrol stocks

OPKO Health: A Hero Against The COVID-19 Villain But Has To Control Those Expenses Going Forward

The company has been able to rapidly ramp up testing for COVID-19. Its revenue figures are down as sales of its other products have been affected by confinement

Here are the key challenges and scary facts confronting young people

Without a doubt, there will be more over-qualified job seekers and graduates going after fewer available job vacancies due mainly to automation and ageing population. As a result, more young people especially will increasingly be forced into spending more time in higher education.

McBride: A European COVID-19 Winner, But Basic Challenges Remain

COVID-19 has actually helped Europe's largest private label household products company, McBride. The company has struggled to sustain a decent profit margin for

Is Email the Future of Journalism?

With the industry in free fall, new models are emerging.

Lufthansa has good prospects for future: German ministries

BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.

Oppenheimer & Co. Inc. Acquires 5,142 Shares of Discovery Communications Inc. (NASDAQ:DISCA)

Oppenheimer & Co. Inc. boosted its holdings in Discovery Communications Inc. (NASDAQ:DISCA) by 18.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,292 shares of the company’s stock after acquiring an additional 5,142 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in […]

Penticton Farmers' Market could open this weekend

The Penticton Farmers' Market could open for the season as early as this weekend.Market manager Katherine Harris says they are awaiting final permits fr

China's low-orbit broadband communication satellite bears fruitful results

China's first technology experiment satellite for low-orbit broadband communication has completed more than 180 communication tests and generated fruitful results, according to its developer Friday.

Choice Hotels expands Choice Privileges benefits for loyalty program members

ROCKVILLE, MD. – Choice Hotels International, Inc. announces a series of enhancements to expand the benefits of its Choice Privileges loyalty program for its more than 45 million members. Changes build on the existing program features that members value, allowing more time to redeem points and offering new elite status benefits. These updates reflect Choice’s ongoing commitment to its guests, loyalty members and franchisees, as the company continues to evaluate ways to best serve them amid the COVID-19 pandemic.   “Even during

Milan-based AppQuality nabs €3.5 million for its crowd testing platform

Italian startup AppQuality, a crowd testing platform, has announced raising €3.5 million in a round led by P101 SGR and ITA500 (the venture capital fund established by Azimut Libera and managed by P101), alongside Italian Angels for Growth (IAG), and Club Italia Investimenti 2. Founded in 2015, A

Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform

The feature, called Carousell Property, provides listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.

Expanded patios a go

Closing down Bernard Avenue and expanding patio service has been a long time coming.

Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Etsy Inc (NASDAQ:ETSY)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Etsy Inc (NASDAQ:ETSY) by 98.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,201 shares of the specialty retailer’s stock after selling 847,561 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Etsy […]

IPG Photonics: Buy On Weakness

IPG owns one of the safest and strongest balance sheets in corporate America. The long-term trend of rising demand for lasers of all types puts the wind at your

Polyus Has Been Hit By The Coronavirus, And This Hit May Be Pretty Hurtful

The epidemiological situation at Polyus' key asset is rapidly deteriorating. The management's negligence of safety measures has led to hundreds of COVID-19 infe

First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]

[Herald Interview] Linkflow seeks to be Korea’s first hardware unicorn with 360-degree wearable cameras

They may look like Bluetooth neckband headsets, but Linkflow’s FITT360 and NEXX360 are cameras that allow users to capture 360-degree shots of their surroundings. FITT360 and NEXX360 each have four cameras which constantly take photos and instantaneously process them into 360-degree videos. This camera concept was born out of founder Kim Yong-kuk’s romantic desire to capture the beautiful scenery of hi...

AngloGold Ashanti reports more COVID-19 positive cases at Mponeng mine

(Reuters) - AngloGold Ashanti on Monday said that a total of 196 people have tested positive for coronavirus at its Mponeng mine, where it suspended operations on Sunday after reporting 164 COVID-19 positive workers.

Customized BIZ tax, non-tax perks to lure right investors

Finance Sec. Carlos Dominguez III is pushing a more proactive, targeted investment promotion strategy of directly approaching the kind of foreign investors that the government wants to relocate here and offering them a set of tax and non-tax incentives tailor-fit to their needs, as part of the efforts to reenergize the economy and create more jobs under a post-quarantine environment.

ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)

ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]

Pig farmers adopting new technology to increase productivity

Kampala, Uganda | THE INDEPENDENT | A new generation of Ugandan livestock scientists have developed software for improving the productivity of pig farmers. The new technology known as the ‘Livestock Feed Calculator’ has been developed in the form of a mobile phone application which is used to monitor the growth of the animals and appropriately guide …

Coles lifts all purchase limits on grocery items

Toilet paper hoarding stopped a little while ago and now Coles has lifted restrictions on the last of the pantry staples.

What next for new riverside neighbourhood between Nottingham's football stadiums

Work started on the development last year

Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks

This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d

'Local box' supports vendors

Okanagan's Craft Culture has launched The Local Box to help vendors who have felt the negative impacts of markets being cancelled due to COVID-19.

AUD/USD turns negative for the day, refreshes daily low near 0.6520 area

The AUD/USD pair struggled to capitalize on the early uptick to mid-0.6500s and has now dropped to the lower end of its daily trading range. Having fo

Newmont Corporation: Digging Into The Q1 Results

Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above

Barcelona-based Bloobirds gets €3 million for SaaS platform that helps qualify sales leads

Bloobirds, a Barcelona-based sales prospecting platform, has raised €3 million in a round led by PROfounders Capital with participation from K Fund and existing investor Encomenda. The B2B company set out to transform “full-cycle sales teams into specialized, opportunity-generation machines,” says CEO Javier Darriba. The SaaS software assists sales development representatives (SDRs) as they manage […]

Coronavirus lockdown prompted more teens to start their own business

While the total number of new startups in the Netherlands decreased since the start of the coronavirus crisis, the number of new businesses started by children and teenagers up to the age of 19 is on

Pick Your Bias And Selective Data Will Support

Different investment horizons favor different inputs. There currently appears to be a tug of war between the inputs that please bulls and bears. I expect prior

GBP/USD Price Analysis: Portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

Stuff CEO buys company for $1

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

The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets

Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve

Tata Power unveils ‘E-Learning Fridays’ energy conservation module

Indian utility Tata Power has launched a digital platform to improve awareness of energy conservation amongst its customers.

Office supply wholesaler Spicers Ireland is rescued from liquidation

The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock

Daewoong gets diabetic foot ulcer treatment halal-certified

Daewoong Pharmaceutical said Monday it has acquired halal certification for its biologics drug Easyef solution. Easyef solution is a recombinent human epidermal growth factor that treats diabetic foot ulcer. “Since December 2019, it is required for all biologic drugs distributed in Indonesia to indicate whether they are halal certified or not. In order for the wider Muslim population to be able to access ou...

SAA's BRPs granted leave to appeal decision to halt retrenchment process

The BRPs and SAA then argued that there was a reasonable prospect that the facts would receive a different treatment by the Labour appeal court and leave to appeal has now been granted.

PNC Financial Services Group Inc. Sells 2,146 Shares of Leidos Holdings Inc (NYSE:LDOS)

PNC Financial Services Group Inc. decreased its holdings in shares of Leidos Holdings Inc (NYSE:LDOS) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,268 shares of the aerospace company’s stock after selling 2,146 shares during the quarter. PNC […]

This digital content training will have customers chasing you, not the other way around

Promoting products is almost nothing like it was back in the Mad Men days. In fact, the digital landscape has changed the ad game so much that it barely even resembles early Grey’s Anatomy days any…

Philip Morris: Odds Stacked In Favor For Dividend Investors

The first quarter of 2020 has largely shown the ability of the tobacco industry to withstand tough times, with Philip Morris holding strong whilst many companie

Memory-Lane Monday: Did they say anything about an offer you couldn’t refuse?

But they certainly clarified exactly what they wanted.

Bithumb Names Back Young Heo as Its New CEO

South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO).

PTCL Connecting Pakistan & Beyond Amidst COVID-19 Crisis

COVID-19 or Coronavirus has taken the world by storm. Nobody of this generation had ever expected something like this to happen. With no vaccine and no proven solution to how this virus will go, the social distancing is the only solution to protect yourself from it. Hence, the companies, educational institutes, and every organization around the world have ensured that their employees and students stay at home, work from there, and stay safe. That is the only way you can protect yourself from catching the virus and stop it from spreading everywhere. Measures To Control COVID In Pakistan

AU Day: Coronavirus has underscored the need for global assistance to African countries – MFA

The Ministry of Foreign Affairs, has reiterated the need for global aid to third world countries – mostly on the African continent, in the wake of the deadly coronavirus.

Filling Up At Ultrapar To Get Exposure To Energy Sector

Over the past ten years, Ultragaz has maintained its market share and its number one position in the Brazilian market. Ipiranga, Ultrapar's subsidiary, is the s

Fiera Capital Corp Sells 618 Shares of Diageo plc (NYSE:DEO)

Fiera Capital Corp lowered its stake in Diageo plc (NYSE:DEO) by 9.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,822 shares of the company’s stock after selling 618 shares during the period. Fiera Capital Corp’s holdings in Diageo were worth $741,000 as […]

USD/CHF struggles to find direction, trades above 0.9700

The USD/CHF pair is fluctuating in a 30-pip range on Monday amid thin trading conditions. As of writing, the pair was trading in the middle of its thr

Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy

Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy

Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]

PDI: I Can't Get Excited At A 10% Premium

PDI has been hit hard during the market turmoil, although it has seen a nice rebound in the short term. Despite its drop since my last review, PDI still trades

Tafi Mhaka: Europe should pay reparations for colonising Africa

By Tafi Mhaka Rhodes infamously said, "I contend that we are the first race in the world, and that the more of the world we inhabit the better it is for the human race." That perceived superiority inspired heinous colonial crimes and led to the establishment of “Rhodesia”. To Rhodes, conquering Africa appealed to his white supremacist leanings and he found meaning in illogical tropes that justified founding a perverse brand of extractive capitalism. It facilitated the long and reckless extraction of petroleum, copper, chromium, platinum and gold for export to Europe, and enabled colonisers to monopolise land ownership. This while Britain, France and Germany built the political systems that aided economic plunder. Hence, the case for reparations is strong and just: compensating Africa for decades of multifaceted colonial exploitation is both a moral and financial imperative.

KBC staff sue over pension funds

Broadcaster says it’s unable to pay the sum at once.

Grocery prices start to soar

Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.

SuperValu sales of Irish lamb set to reach €16.5 million

SuperValu forecasts sales of €16.5 million in Irish Lamb in its stores across Ireland this year, as consumer demand for new season fresh Irish lamb surges.

Shopify Is Taking The E-Commerce World By Storm

Lately, Shopify (SHOP) is firing on all cylinders. The company announced a series of new features on its May 20 Reunite event, together with a new partnership w

L3Harris Technologies: Steady Growth Yet Insulated From COVID-19 And The Economy

The recent merger of L3 Technologies and Harris Corporation created synergies that are driving cost savings and increasing margins. As a defense contractor, the

High Yields From Tax-Advantaged Debt: America First Multifamily

COVID-19 has created a completely new environment. The market is still struggling with figuring out the new reality and balancing the opposing forces. Where the

Central Banks Are Destroying What Was Left of Free Markets

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

Hyderabad firm launches advanced version of e-procurement tool  

 Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.

Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)

Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks […]

COVID-19 meant less driving in SC and less gas tax collected

Traffic is South Carolina is down significantly since the coronavirus pandemic began, cutting the amount of money the state road agency takes in by $78 million, officials said.

North Carolina restaurant receives $1,000 tip on reopening day: 'There's so much kindness in this world'

Talk about a tipping point.

Padenga targets increased quality skins sales

LISTED crocodile skins and meat producer, Padenga Holdings is targeting to sell 55 000 quality skins this year from its Zimbabwean operations compared to last year’s, 41 450 skins. In its 2019 annual financial report released last week, Padenga Holdings said that local business operation was the mainstay. “The Zimbabwe operation is projecting to sell 55 000 premium quality skins in financial year 2020, further extending its opportunity to expand its customer base. “Demand for defect free skins remains strong and prices are anticipated to hold as long as the quality expectations of the premium market are satisfied,” said Padenga. Crocodile skins and meat from Padenga’s Zimbabwe operation are exported to Europe and Asian markets to countries such as France and China.

BMO launches online resource hubs to help clients navigate COVID-19 impacts

BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.

Miller Hull Studio Earns Nation's First Living Building Challenge 4.0 Certification

The Miller Hull Partnership has earned a Living Building Challenge Petal Certification for the renovation of its San Diego studio.

Upstate 19-year-old creates business to help with shortage caused by COVID-19

A 19-year-old in Gaffney saw a shortage caused by COVID-19. Hart Bridges then decided to start his own mask business called Rosleck Safety to help.

AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]

Slideshow | Reliance Securities bets on these 5 stocks for 11-68% returns

Reliance Securities bet on Bharti Airtel, Granules India, Aurobindo Pharma, Escorts and Alembic Pharma with an upside of 11-68 percent.

SEMI billings up 17.2% y-o-y

SEMI’s April billings for North America-based manufacturers of semiconductor equipment were $2.26 billion which is 2.2% up on the March figure of $2.21 billion.

TMX boon for local hotels?

With Trans Mountain Pipeline workers scheduled to arrive in Kamloops next month, accommodation is being sought.

NZD/CAD: Downside Pressure Likely

NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,

Amazon Launches Food Delivery Service With “Amazon Food” In India

Amazon is starting to offer online food delivery, which is called Amazon Food, in Bengaluru.

Bioneer to patent candidate materials for COVID-19 treatment

South Korean biotechnology firm Bioneer said Monday it had filed a patent application for candidate materials for COVID-19 treatment co-developed with its subsidiary siRNAgen Therapeutics. According to Bioneer, it analyzed nucleic sequences of the SARS virus and SARS-CoV-2, the virus that causes COVID-19, and found matching sequences. Based on those matches, Bioneer said it created 960 candidate materials and is cur...

British Airways converts B777-200 for passenger-cargo use

The carrier is the latest in a series of airlines to operate passenger-cargo (or ‘preighter’) services in the absence of passenger demand…

Fiera Capital Corp Invests $847,000 in Keysight Technologies Inc (NYSE:KEYS)

Fiera Capital Corp acquired a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,125 shares of the scientific and technical instruments company’s stock, valued at approximately $847,000. Other institutional […]

“City of darkness” no longer – AfDB supported electricity project lights up Juba

The $38 million Juba Power Distribution System Rehabilitation and Expansion Project is almost completed according to a release by the AfDB.

COVID-19: neoliberalism is not going down without a fight

The fight that lies ahead may be the toughest one yet, as the beast is most dangerous when mortally wounded. To our advantage however, the cards have already been laid out on the table. Español

India's oil minister: India's June fuel demand to reach year-ago level

India's oil and steel minister Dharmendra Pradhan said on Monday that India's fuel demand is expected to reach the "year-ago level" in June, as report

Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC

ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]

REITs That Will Soar

We invest in REITs in part because we believe that paying dividends matters. Yet our primary focus in on valuation, not on dividend safety. Indeed the present p

Route cleared for GasLink

Clearing for the first two spreads of Coastal GasLink pipeline construction through the Peace region is nearly complete.

Report: Microsoft leads the IoT platform market with greater interoperability

Counterpoint Research recently published its in-depth analysis on the leading IoT platform players. According to the report, Microsoft Azure IoT leads the market with more completeness and greater interoperability. In fact, Microsoft Azure IoT platform leads the overall evaluation in 26 out of 35 capabilities across Edge IoT, Cloud IoT, and Platform Performance categories.

2 New Airport Projects Come on Stream in Iran

Two new airport development projects were inaugurated on Monday by President Hassan Rouhani, Minister of Roads and Urban Development Mohammad Eslami, Managing Director of Iran Airports Company

In pics: Subdued Eid celebrations across the country amid the pandemic

Here's how Eid-ul-Fitr, the auspicious festival which marks the end of the fasting month of Ramzan, was celebrated across the country in the shadow of coronavirus pandemic

The sale of Stuff sets the stage for a new independent media in New Zealand

The big media companies just want to get married. Duncan Greive makes the case for dozens of divorces instead. For the last few years, all the talk in New Zealand’s media has been of a need for consolidation. That our big for-profit media companies – TVNZ, Sky, MediaWorks, NZME and Stuff – all ne

SK Global Chemical to make 70% of products ‘green’ by 2025

SK Global Chemical, an affiliate of South Korean energy giant SK Innovation, said Monday that it would make 70 percent of its products green by 2025. Currently only 20 percent of its products are considered green, and the change is needed not only for the environment but also to ensure long-term survival, the company noted. In a recent online meeting with staff and executives, SKGC President and CEO Na Kyung-soo ...

USD/CAD: Investors don't abandon the US Dollar and send the loonie back to pre-pandemic levels

For the fourth time in eight weeks the USD/CAD reached the support band of its two month range at 1.3850-1.3880 and failed to make more than a cursory

BDO tops initial list of top taxpayers in 2019

A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers

GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC

GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further

Indian Motorcycles Offering Discounts Of Up To Rs 6.7 Lakh

The discount is valid on select BS4-compliant motorcycles manufactured in 2019 that are registered by the company in Haryana and under the company’s own name

The one thing these great ICT companies have in common

There is one thing top South African IT and telecommunications companies have in common.

Familiarity Breeds Short-Termism

Familiarity has been shown to breed investment, as investors confuse familiarity with safety. Research shows that familiarity (trading in stock previously had t

Gold Price Analysis: XAU/USD sideways, trading near $1730/oz

XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break above the

Gold Price News and Forecast: XAU/USD is consolidating gains at the start of the new trading week

XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break

JAFL Litigation Funding Partners Limited (the Company) – Press Release And Investor Update

FeltexClaimants now have until Monday 13 July 2020 to complete Stage 2 funding. The decision of Justice Dobson dated 22 May 2020 (the decision) suggests at [86] a Stage 2 trial date of 27 October 2020 for a hearing of up to 6 weeks.

ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)

ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]

RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC

RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.

Khaliah Guillory: the black woman who founded a Nap Bar for workers

Khaliah Guillory, an award-winning speaker, filmmaker and philanthropist founded Nap Bar, the first white glove, self-care napping experience in Texas.

PCCI supports cut in corporate taxes

The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.

Brazil's BRF says most workers back at Concórdia meat plant after coronavirus tests

SAO PAULO, May 25 (Reuters) - More than 93% of workers at Brazilian food company BRF SA's Concórdia meatpacking plant returned to work on Monday after testing negative for the novel coronavirus, the company said.BRF said it has tested all of its 5,132 workers at that plant. The company noted the 6.6% who tested positive for the virus were preemptively suspended from work and would be required to take a further test. (Reporting by Ana Mano Editing by Paul Simao)© Copyright Thomson Reuters 2020. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs

Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop

Credit Suisse: JobKeeper on the way out

Via the excellent Damien Boey at Credit Suisse:

Two more resource sector raisings out of Canaccord

It's a busy morning for small and microcap resources investors. 

USD/CAD: Oil to refrain the loonie recovery – CIBC

Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l

Visual arts Curio traders bleed from suspension of tourism

The COVID-19 lock down which was recently indefinitely extended has adversely affected informal visual arts, curio and antiques traders whose market is tourist based. The pandemic has forced most countries to shut their borders to all but commercial cargo, effectively preventing tourists from travelling. The local nationwide lockdown has blocked inter-city travel for non-essential service providers thereby ending hopes of local tourism.   Curio makers and traders have reported a total shutdown due to lack of business.

KCCA should partner with Kiira Motors on city buses project

It is proposed that special lanes will be put in place for the Eco- (sic) electric and combustion fuel efficient buses starting at the City Square in a ring road...

Pachinko upgrades to boost NAND flash demand

Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.

A colourless Kumartuli in peak booking season for Durga idols

Bengal’s Durga Puja would not be the same in 2020

NZD/USD fluctuates in tight range near 0.6100

The NZD/USD capitalized on the upbeat market mood last week and gained more than 150 pips. In the absence of significant fundamental drivers at the st

Tencent is buying 20% stake in Marvelous

News has emerged this morning from Bloomberg that Chinese firm Tencent is buying a 20 percent stake in Japanese developer Marvelous. Marvelous is behind recent hits like Daemon X Machina and Story …

Never let a good crisis go to waste: How our food sector can save NZ's economy

The world will always need food, and New Zealand is enviably positioned to capitalise on this, writes future foods expert Rosie Bosworth – but we need to take a few big steps first.  It’s a bittersweet moment for New Zealand. As a nation we’ve collectively worked hard to successfully flatten the

Closed Co Kildare golf club now up for rent as possible 'corporate HQ'

The closed Dunmurry Springs Golf Club near Kildare town has come on the rental market and is being advertised as a potential ‘corporate HQ’ for a business. The ex-sports facility, which fe...

B’pur ITI develops cheapest sanitiser machines

The Government ITI here has once again attracted public attention as it designed low-cost scientific equipments to combat Covid-19 pandemic war in the country. It has designed the cheapest ever foot-operated and automatic sanitiser dispenser machines to effectively counter the Chinese competition

Central Equity, Failli family selling $200m of greenfield sites

The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.

MB Fund April 2020 Performance

April saw a bounce back in share markets after March was one of the worst months ever. Our portfolios continue to be positioned defensively and so only took a limited part in the bounce. Over the last year, our Tactical Growth fund is beating the Chant West median superannuation fund by 10%. In our direct equity portfolios, we have long preached the idea of holding a mix of quality and value to provide downside protection – and that showed this year. Our International fund is beating the MSCI World by 7.6%, our Australian fund is beating the MSCI Australia index by 5.7%.  

USD/MXN: Slight relief for the peso – CIBC

The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys

Firewood Deliveries For Families In Need

More than 100 homes will be warmer this winter thanks to a new initiative to provide firewood to Hauraki Iwi in need.

WHO collaborates with African innovators to fight COVID-19

African innovators are stepping up to support Africa's fight against COVID-19 pandemic, collaborating with the World Health Organization (WHO) to develop solutions to help contain the spread of the virus.

Applied Materials - A Buy, But Expect A Rollercoaster Ride

Applied Materials is a leading maker of semiconductor capital equipment, and represents one way to play the long-term secular growth in compute power and digita

Thailand plans fruit festival in eight Chinese cities

(Nation/ANN)----A Thailand Fruit Golden Months Festival will be organised in eight cities in China as local governments have started easing lockdown measures. Department of International Trade Promotion director-general Somdet Susomboon said on Saturday (May 23) that the festival will promote Thai fruits. “The campaign aims to increase the export of durian, mangosteen, longan, coconut, mango, rose apple, pomelo and banana,” he said. “China will host the festival from May to July in Shanghai, Qingdao, Nanning, Chengdu, Chongqing, Xian, Xiamen and Kunming.

Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’

The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator.

Middle-aged consumers emerge as major digital content subscribers

Subscription-based streaming services and e-books are no longer the preserve of the tech-savvy younger generation. People in their 50s and 60s are fast becoming a major consumer base in the digital content market, at least among the better off, a survey showed Monday. From 2016 to 2019, the amount that people in this age group spent on digital content increased 160 percent while the number of online payments soare...

Stop escalating oil prices -- lawmakers

The three said that aside from urgently repealing the TRAIN law, oil prices can be lowered further in the long term by enacting three  legislative measures that will free the country from the stranglehold of the oil cartel.

AUD/USD Price Analysis: Upper end of the contracting triangle caps gains

The AUD/USD pair is currently trading largely unchanged on the day at 0.6530, having faced rejection at 0.6550 during the early Asian trading hours. T

Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies

In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w

Mammoth 10ft tuna weighing a third of a TON is ‘biggest ever’ caught in Spanish waters

A COLOSSAL 672-lb tuna which has been caught off the coast of Spain is reportedly the largest specimen ever caught in Spanish waters.  The huge red tuna was caught by fishermen from the Almadraba L…

AUD/USD: Between economic recovery hopes and US-China tensions – CitiBank

Analysts at Citibank point out that US-China tension escalation and the concern of second wave crisis limited the performance of the Australian dollar

Overfunding: Orders & Payments App Zapaygo Surpasses £250,000 Funding Target Through Latest Crowdcube Round

Zapaygo Investments, a UK-based ordering and payment mobile app, has not only secured its initial 250,000 funding target, but it is also now nearing £515,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Zapaygo describes itself a smartphone application that allows users to pre-order & pre-pay for services, food, and beverage or goods to be delivered or collected. The mobile app can also be used for instant payments. "Zapaygo provides a menu of

Wolves are at it again, destroying Zimbabwe’s currency

Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45

EUR/USD: Time to buy a ticket for the 1.20 level – Nordea

It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke

Club Travel Corporate appoints Kananelo Makhetha and Nazeema Beilings as directors

CAPE TOWN – Club Travel Corporate, a division of the Thebe Tourism Group and Travelstart Group of companies, announce the appointment of Kananelo Makhetha and Nazeema Beilings as company directors. Brett Hendricks, General Manager of Thebe Tourism Group said, “Bringing Kananelo and Nazeema onto the board is testament to the value they have brought to the business since joining it. Their strengths, skill set and strong values will contribute to the growth and success of the business going forward and I

Celebrating Madam C. J. Walker’s legacy with 10 of her powerful quotes

Madam C. J. Walker is regarded as the first African-American female millionaire. To celebrate her legacy, we share with you 10 of her powerful quotes.

Russia's energy ministry: Global oil market to reach balance in June, July

Russia's energy ministry is expecting the global oil market to reach its balance in June or July, the state-run news outlet RIA Novosti reported on Mo

Natural Gas Price: Futures point to further correction

In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont

Taiwan Chelic constructing new plant in China

Pneumatic automation component maker Taiwan Chelic has disclosed it is constructing a plant in eastern China with investment of CNY180 million (US$25.5 million), with production set to start in July 2020, according to the company at a May investor conference.

New MTN EverydayGigs prepaid data bundles – Starting at R29 for 1GB

MTN has launched new EverydayGigs prepaid data products which offer more affordable daily, weekly, and monthly data packages.

Coca Cola considers building Indonesian recycling plant, slashing 25,000 tons of plastic

(The Jakarta Post/ANN)---Soft drinks manufacturer Coca Cola Amatil Indonesia (Amatil) is looking into developing a plastic bottle recycling facility in one of the world’s top plastic polluting countries. The company said on Friday it had signed a deal with plastic packaging maker Dynapack Asia to conduct a feasibility study on developing the facility. The soft drinks maker also said it aimed to cut consumption of new plastic resin by up to 25,000 tons a year by 2022 by using recycled plastic.

Why Reliance JioMart Won’t Be Just Another Player On The E-commerce Market

Can JioMart take on Amazon and Flipkart in the future?

China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered

Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD

PNC Financial Services Group Inc. Sells 592 Shares of Vanguard Extended Market ETF (NYSEARCA:VXF)

PNC Financial Services Group Inc. cut its holdings in Vanguard Extended Market ETF (NYSEARCA:VXF) by 1.4% during the 1st quarter, Holdings Channel reports. The fund owned 41,489 shares of the company’s stock after selling 592 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Extended Market ETF were worth $3,757,000 as of […]

Update: Mr Lee’s Pure Food Co’s Equity Crowdfunding Campaign Surpasses £1.8 Million During the Final Days on Seedrs

Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is now

Cape Town based online retailer gets R100 million investment

Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.

When is the German IFO survey and how it could affect EUR/USD?

The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p

Jah Prayzah billed for Hope for Africa Concert

JAH Prayzah will be part of the One Africa Global Foundation Covid-19 Hope for Africa Concert later this month that will be beamed to 49 nations by MultiChoice. This concert is part of efforts to fight Covid-19 and MultiChoice has partnered with the One Africa Global Foundation to host a continent-wide broadcast of the concert on May 31 as from 8PM on Africa Magic Family (DStv channel 154). Jah Prayzah will be joined by 2Baba, Akothee, Banky W, Betty G, CIC, Cobhams Asuquo, Dakore Egbuson-Akande, Denola Grey, Diamond Platnumz, Eddie Jay, Jeff Maximum, Kyee Benda, Osas Ighodaro, Princess Jnap Sessay, Praiz and Waje. The artistes will perform remotely and will give goodwill messages of hope and encouragement to every African in the comfort and safety of their homes. Liz Dziva, publicity and public relations manager of MultiChoice Zimbabwe, said: “The concert is part of its efforts to support the eradication of the Coronavirus problem and is a three-hour event featuring performances by top African artistes, with…

EUR/JPY bounces off lows near 117.00

The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f

MTN unveils 1GB daily bundles for R29

MTN South Africa has introduced new prepaid data bundles offering 1GB of data valid for the day of purchase for R29.

Liquor shops open in U.T.

The outlets will function from 10 a.m. to 7 p.m.

Gold Price Analysis: XAU/USD meets a plateau as global CODVID curve peaks

The price of XAU/USD is at $1,727.88, -0.45 and has sunk from a high of $1,735.67 falling to $1,721.61 on the day. Gold is a complicated mix of deflat

USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC

Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading

Gold sees next leg higher towards $2000/oz – Citibank

Analysts at Citibank offer key insights on why is gold’s next move higher, as the bulls look towards $2000/oz. Key quotes “Drivers of money flow into

GBP/USD: Bad news on all fronts – Rabobank

Sterling is facing pressure on a variety of fronts. The prospect of more monetary policy stimulus, a deep recession and political uncertainty is set t

CLT Grants Go Where Increased Need Is

“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.

EUR/USD: The global outlook points to be positive for the euro – Danske Bank

While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna

Salon shop owners face a cut in earnings

Drop in customers and increase in operating costs put them in soup

Business excellence noms

The Kamloops Chamber of Commerce annual Business Excellence Awards are slated for the fall.

Soros: EU needs 'perpetual bonds'

Europe must issue "perpetual bonds" to fund pandemic bailouts or risk collapse, billionaire financier and philanthropist George Soros said Friday. "If the EU is unable to consider it now, it may not be able to survive," he said. Perpetual bonds never matu...

Ministry discloses updated Egyptian petrochemicals plan 2020-2035

The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.

Acleda Bank lists on KRX-invested Cambodian stock exchange

Acleda Bank, the biggest commercial bank in Cambodia, said Monday it was listed on the Cambodia Securities Exchange in which the Korea Exchange (KRX) has invested. The Cambodian bank had assets of $6.18 billion as of the end of last year. Its market capitalization marked $1.75 billion -- nearly three times that of five listed firms in the country. Since the large-cap stock went public, the lackluster Cambodian stoc...

COVID-19: India Post Bihar Circle To Deliver “Shahi Litchi” And “Zardalu Mango” At Doorsteps

Till now order for 4400 kgs Litchi has been placed on the website.

Alibaba sees 1Q20 revenues down sequentially

China-based e-commerce operator Alibaba Group has reported consolidated revenues of CNY114.314 billion (US$16.14 billion) for first-quarter 2020, decreasing 29.20% sequentially but increasing 22.26% on year.

Germany planning to support medium-size firms by up to €50K per month – DPA

Citing a German government document on Monday, Deutsche Presse-Agentur GmbH (DPA), reports that they are considering plans to support medium-size firm

Gym latest COVID victim

A Vernon gym has fallen victim to the coronavirus.

EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity

The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th

Brazil's BRF ends stock buyback program after purchasing 4,836,000 shares

SAO PAULO, May 25 (Reuters) - Brazilian food company BRF SA said in a securities filing on Monday it ended a stock buyback program after purchasing 4,836,000 shares representing 0.60% of its capital stock. (Reporting by Ana Mano Editing by Nick Zieminski)© Copyright Thomson Reuters 2020. Click For Restrictions - http://about.reuters.com/fulllegal.asp

GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle

The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh

Now, MCL to pay PF, pension online

Mahanadi Coalfields Limited (MCL) CMD BN Shukla on Saturday inaugurated a system of centralised payment of Coal Mines provident fund and pension to the superannuated employees of the company. The system was inaugurated in the presence to Director (Technical/Ops) OP Singh, Director (Finance) KR

Why markets don’t care about Hong Kong

Via the excellent Damien Boey at Credit suisse:

Senior markets operative jumps ship to MST Financial

Gerard Satur's MST Financial has made another high-profile hire. 

Pound Sterling Price News and Forecast: GBP/USD looking to the upside

At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the

British cheesemakers call on consumers to buy Stilton as sales plummet 30%

The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.

$26M for city staff payroll

The City of Vernon has disclosed its council and staff payroll for 2019, showing over $26 million in total payments for the last calendar year.

Power back on for nearly 2,700 Hydro customers in Colwood, Langford

Power has been restored to nearly 2,700 B.C. Hydro customers after an outage in Colwood and Langford this morning. The power went out for 2,678 customers in an area east of Worral Drive, north of. . .

WARNING: Gardaí urging to alert family and friends about text scam

Be advised!

Some 9,000 tenants can't afford their rent: report

To date around 9 thousand Netherlands residents reported to their housing corporations that they cannot afford to pay their rent. The housing corporations expect that number to increase in the coming

Czech Republic reopens indoor bars; free beer offered

In the Czech Republic, bars and restaurants are allowed to reopen their indoor premises to visitors. The day will be celebrated with the first beer for free in the whole country, BBC and the news portal Expats.cz report.

Hindalco helps S’pur women earn living

When the Covid-19 pandemic is turning life upside down and leading to widespread job losses, a group of dedicated women in Sambalpur district have insisted on efforts in empowering themselves financially with the support of the Hindalco. These women from Hirakud have already prepared more than

University of California system has given $68M to TMT project | Honolulu Star-Advertiser

The University of California system, one of the partners seeking to build the Thirty Meter Telescope atop Mauna Kea, has invested more than $68 million in the TMT project as of April 30, according to a UC financial report.

Online Māori Mall For Te Tai Hauauru Goes Live On Thursday, 28 May

Hokohoko, a new online Māori Mall will provide hundreds of Māori businesses within the Te Tai Hauāuru region with the opportunity to come together to sell their products and services online. The mall will be launched on Thursday 28 May at an online business breakfast (8.30am).

German labour agency sees 2020 deficit of €30.5 billion due to coronavirus – Handelsblatt

The German labour agency expects Germany to post a budget deficit of €30.5 billion due to the coronavirus, Reuters reported on Monday, citing German n

USD/JPY: Longer term there is scope for  a move toward 100 – CitiBank

Analysts at Citibank, see the USD/JPY trading at 106 in a three month period and at 103 between the next six to twelve months. In the short-term, they

3rd batch of US locomotive to arrive Alexandria in June

The third batch of 20 U.S. locomotive will arrive at Alexandria Port after Eid al-Fitr vacation, at the beginning of June.

EUR/CHF: SNB looking to contain Swiss franc action – CIBC

The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish

Crude Oil Futures: Upside seen limited

CME Group’s flash data for crude oil futures markets noted open interest extended the downtrend on Friday by nearly 3.3K contracts while volume went d

A Bishkek Florist's Generosity Blossoms Amid The Pandemic

Salamat Baktybek-Kyzy has been saving the profits from her florist business in Bishkek, Kyrgyzstan, in order to buy herself a prosthetic leg. But when orders collapsed amid the COVID-19 lockdown, she decided to start donating flowers for free.

Australian dollar to the moon as freedom dies

See the latest Australian dollar analysis here:

USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart

USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi

Energy efficient lighting being rolled out in Moorabool

WORKS have commenced on upgrading almost 2000 public lights in Moorabool Shire, to be both more energy and cost efficient. Powercor recently began the three m...

USD/JPY Price Analysis: Keeps mild gains above previous resistance line, 200-HMA

USD/JPY rises to 107.73, up 0.08% on a day, while heading into the European session on Monday. That said, the yen pair recently took a U-turn from a f

Copper: The pace of long positions to slow down – TDS

Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C

NH-Amundi names new CMO

Seoul-based NH-Amundi Asset Management on Monday named Kim Seung-ho as its new chief marketing officer. Kim was formerly headed the fund management unit at NongHyup Bank. He will serve a one-year term. He will replace Moon Young-sik, whose term ended in April. NH-Amundi Asset Management is a 70:30 joint venture of NongHyup Financial Group and France-based Amundi Asset Management. NongHyup Bank is a wholly owned...

IKEA opens new store in Beit Shemesh region - Inside Israel

Furniture giant IKEA opens sixth branch in Israel, with new store west of Jerusalem, in Beit Shemesh district.

Goldstar Insurance and Prudential partner to offer COVID -19 cover

Goldstar Insurance and Prudential Uganda have partnered to offer a new insurance cover to offer life insurance cover to Goldstar’s Workman’s Compensation and Group Personal Accident Policyholders. The new insurance product called COVID19 Group Life Extension Insurance Cover covers groups of individuals of companies and organizations against devastating COViD19 pandemic. It is underwritten by Prudential. In the new partnership, Prudential shall offer cover against Natural Death to all Goldstar Workman’s Compensation and Group Personal Accident Policyholders against death due to natural causes. Goldstar Insurance said this cover is an extension of your existing Workman’s Compensation & Group Personal Accident policy with Goldstar to bridge the gap left out by this class of insurance. “The death benefit enshrined under the traditional workers’ compensation and group personal accident is only payable if death is due to accidental causes and does not include death due to natural causes including Covid19,”

USD/INR Price News: Indian rupee bears cheer break of monthly support line, 76.25 in focus

While extending its break of the monthly resistance line, now support, USD/INR stays positive around 76.03 amid the initial Indian session on Monday.

German IFO Business Climate Index beats estimates with 79.5 in May, EUR/USD uninspired

more to come ... About German IFO The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute chang

GBP/USD is on the edge of critical support – Confluence Detector

GBP/USD has kicked off the week below 1.22 amid a bank holiday in the UK and in the US. How is cable positioned on the chart? The Technical Confluence

Boost Your Favourite Business With A Neighbourly ‘Local Like’

Applaud your best barista. Salute your hair stylist. Recommend a reputable retailer and be in to win some shopping cash.

USD/JPY Price Analysis: Sticks to modest gains near 50-day SMA, around 107.70 region

The USD/JPY pair held on its modest daily gains through the early North American session and was last seen trading near the top end of its daily tradi

Total and Gaussin Developing World’s 1st Full Electric Aircraft Refueller Transporter

Electric Aircraft Refueller Transporter, equipped with two 30 tons fuel tanks (artist rendering – courtesy of Gaussin) Gaussin S.A. (Héricourt, France) an

New People And Safety GM Joins Pāmu

Pāmu has appointed Bernadette Kelly as the General Manager of People, Safety and Wellbeing.

Gold Price Analysis: Trades with modest losses, downside seems limited

Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon

Oil New York Price Forecast: WTI recovery limited below 34.25 level

The crude oil recovery is taking a break after making fresh May’s highs. WTI is trading above its main SMAs on the four-hour benefiting bullish momentum in th

MediaWorks announces 130 job losses

MediaWorks has announced that 130 staff are being redundant in its radio and sales teams.

IKEA is opening “urban concept store” in Piraeus

Popular Swedish furniture and houseware retailer, IKEA, will open its first "urban concept store", in the centre of Piraeus.

Gold Futures: Correction lower on the cards

Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi

Omani Oil prices show upward trend

The price of Omani oil continued to rise, with prices for delivery by next July reaching $37.02 USD on the Dubai Energy Market on Monday

Egypt plans EGP 19bn investments in petrochemical projects

Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …

USD/CAD Price Analysis: Bounces off 200-hour EMA to probe 1.4000

USD/CAD takes the bids near 1.4000, up 0.05% on a day, during the early Monday’s trading. Despite failing to cross 1.4050 resistance, the pair’s recen

EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s

The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou

Japan said to start giving out travel vouchers from end-July – Jiji

The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave

Moving production lines out of China is uneasy

Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.

Estonian e-services available for Latvian eID holders

Latvian residents, including entrepreneurs, will be able to use their Latvian eID cards for Estonian e-services, said Gatis Ozols, Public services director of the Ministry of Environmental Protection and Regional Development (VARAM) to Latvian Radio on May 24.

USD/INR New York Price Forecast: Greenback knocking at the 76.00 resistance vs. Indian rupee

USD/INR is testing the 76.00 figure while above the main SMAs on the daily chart. The bulls remain in charge at the start of the new trading week. A close abov

EUR/USD Price Analysis: Peeps above 1.09, but range play continues

EUR/USD is looking to begin the week on a positive note. The pair is currently trading at 1.0905, representing marginal gains on the day. However, des

USD/CAD Price Analysis: Greenback remains weak vs. Canadian dollar

USD/CAD is trading below the main SMAs on the four-hour chart as bears are keeping the market below the 1.4000 figure at the start of the new trading week. Mor

USD/JPY: Downside potential is limited

The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer

S&P 500 Price Analysis: US stocks en route to the 3000 mark and beyond

After the February-March crash, the S&P 500 has been recovering a great part of its losses. The index is pressuring the May’s highs above the 100 SMA on the d

LMT turnover increased by 6.4% in 2019

Mobile operator "Latvijas Mobilais Telefons" (LMT) in 2019 reached a turnover of EUR 186.099 million, which is 6.4% more than in 2018, according to Firmas.lv information on May 25.

GBP/USD: Near-term downside risks into mid-year – CIBC

This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El

Minerals Council flogs company tax dead horse

The Minerals Council of Australia (MCA) has urged the federal government to reduce the company tax rate as part of its post-coronavirus economic strategy.

Silver New York Price Forecast: XAG/USD kicks off the week stable near $17.00/oz

XAG/USD is trading close to 10-week tops below the 17.45 resistance. Buyers should remain in charge but need a sustained break above the mentioned level possib

AUD/NZD Price Analysis: Consolidation to continue as long as below 1.0850

The AUD/NZD pair posted a negative weekly close on Friday but it managed to recover 1.0700 after falling to 1.0669, the 100-week SMA. The bullish bias

Links 26 May 2020

Global Macro / Markets / Investing:

EUR/JPY Price Analysis: Euro stays fragile below the 118.00 figure vs. yen

EUR/JPY retraced from the May’s highs while trading above the main SMAs on the four-hour chart. The spot lost some bullish momentum as it is challenging the 11

Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones

GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w

Owner-occupier mortgages still OK but…

Vir CoreLogic’s leading indicators:

Eurozone Inflation Preview: The euro enjoys tailwind and a sub-zero inflation rate may be insufficient to down the common currency

Preliminary eurozone CPI data for May will likely show depressed inflation. Without shocking figures, the EUR/USD pair has room to rise, in the opinio

EUR/USD Price Analysis: Further consolidation remains on the cards

The decline in EUR/USD seems to have bottomed out around Monday’s lows in the 1.0870 region for the time being. If sellers regain the upper hand, then

Robertet enters hemp extract JV for Swiss market: ‘Switzerland is well regulated for CBD, but there is more flexibility’

The joint venture sees French flavours and fragrances manufacturer Robertet team with US hemp cultivation and extraction firm Klersun and Swiss CBD producer Alponics.

ECB's Villeroy: Won't let adverse market dynamics lead to unwarranted hikes in borrowing costs

"Going further on Pandemic Emergency Purchase Programme (PEPP) only make sense if we ensure its maximum effectiveness," ECB Governing Council member F

Cartoonscape — May 26, 2020

The Hindu Provides Cartoons On All The Latest Topics & News From The World Of Politics, Business, Current Affairs & Much More

GBP/USD: All signs are bearish for the pound

GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,

US Dollar Index Asia Price Forecast: DXY parked below the 100.00 mark

The US Dollar Index (DXY) is starting the week with an attempt to retake the 100.00 mark and the 50 SMA. However, Monday’s bulls’ effort has not been successf

INCON launches COVID-19 resource page

INCON has created a COVID-19 resource page, which provides tips and advice on creating online and virtual events and conferences. Its 10 Global Partners have contributed their latest recommendations and best practice advice on how to create, manage and market events or conferences during COVID-19. It is a stressful time to be working on events, we are offering this guide to help anyone trying to organise an event. Patrizia Buongiorno, INCON Co-Chair and VP at AIM Group International remarked “we

S&P 500: The market is not going to fall off a cliff again – Charles Schwab

Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if

Iran’s Oil Minister: Demand for oil is ‘very vague’

The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are

EUR/JPY Price Analysis: Support emerges in the 117.00 region

The downside momentum in EUR/JPY lost momentum in the 117.00 area so far, after being rejected from monthly tops in the mid-118.00s. If sellers remain

AUD/USD: Stable environment for the Aussie – CIBC

The Aussie is up over 4% since mid-April and an earlier than anticipated dose of optimism has forced analysts at CIBC Capital Markets to revise the AU

GBP/USD: Directly offered below the 55-day ma at 1.2297 – Commerzbank

GBP/USD’s bounce last week failed to make any impression on the 55-day ma and will remain directly offered while capped by it at 1.2297, Axel Rudolph,

NZD/USD: Liquidity cheers the kiwi up – ANZ

NZD/USD ended last week just above 0.61, having started on Monday at 0.5925 and climbing above 0.6150 at one point. Now, the kiwi is consolidating aro

US Dollar Index Price Analysis: Upside targets the 100.00 mark

Monday’s upside momentum in DXY appears to have lost some vigour in the vicinity of the key barrier at 100.00 the figure so far. A surpass of the 100.

PBOC sets Yuan reference rate at 7.1209

The People's Bank of China (PBOC) has set the Yuan reference rate at 7.1209 versus Friday's fix at 7.0939.

EUR/USD: At risk of extending its slide

The EUR/USD pair hovers around the 1.0900 level in a quiet start to the week, with the shared currency founding support in a better than anticipated G

QC completes SAP distribution ahead of 4 Metro Manila cities

AHEAD of four other Metro Manila cities, the Quezon City government has reported complete the Department of Social Welfare and Development (DSWD) Special Amelioration Program (SAP) distribution as of May 20.

AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac

The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan

USD/CHF Price Analysis: Buyers regain control above 100-day SMA

While extending its run-up past-100-day SMA, USD/CHF rises to 0.9720, up 0.08% on a day, during the early Monday. Considering the pair’s sustained tra

GBP/JPY Price Analysis: Pound under pressure below the 131.50 level vs. yen

GBP/JPY is trading below the 100 and 200 SMA on the four-hour chart while making lower lows and lower highs which is the hallmark of a bear trend. The currency

EUR/USD: At major support, the tendency is to the downside

EUR/USD Monday's four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four

AUD/JPY Price Analysis: Aussie parked above the 70.00 figure vs. Japanese yen, bullish

AUD/JPY is trading off 2.5-month highs at the start of the trading week. The market rebounded above the 70.00 support level while above its main SMAs. Buyers w