Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta

‘Telecom is one industry which is able to maintain its present earnings power

Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally

It's been a quiet past few days for Ethereum and the rest of the crypto market.

T-Mobile leads modest growth in Dutch broadband subscribers in Q1, KPN losses continue

A year after launching a major expansion in its fibre footprint, KPN has yet to restore growth in its broadband business. The latest data from Telecompaper shows the incumbent lost another 17,000 broadband subscribers in the first quarter of 2020, while rival VodafoneZiggo added nearly 10,000 new connections. T-Mobile was again the biggest winner, adding the most new broadband subscribers in Q1.

Tanzania horticulture exports hurt by border closure

Most of the horticulture produce is exported through Kenya's international airport.

Mad cow disease - a memory to many and news to some

Mad cow disease, a condition in adult cattle affects their brain and central nervous system and often kills them. It can remain dormant for many years. It can affect humans and is always fatal.

OnePlus is facing a massive global supply crisis, starts rationing 8 Pro sales

OnePlus can't churn out its flagship 8 Pro as quickly as people are demanding them, which is proving to be a bit of a problem. We've already learned that

iPhone 11 Is the Top Selling Smartphone in 2020 by a Mile – Report

2020 is an interesting year for smartphones. Thanks to the COVID-19 pandemic, it has shaken the supply chain and sales of smartphones and people are curious about the sales of smartphones around the world. Well, Omdia has done a report of the sales performance of several smartphones in Q1 2020 and it is quite interesting. […]

Checkout.com buys Perth-based Pin Payments

Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.

David Jones, Country Road sales tumble amid pandemic

The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.

Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs

In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs

80% of iPhone 12 displays to be supplied by Samsung, LG and BOE to pick up the rest

Apple frenemy Samsung has secured the supply of 80 percent of Apple’s iPhone 12 OLED display orders according to Digitimes. The remainder of the OLED panel supplies are said be supplied by both LG and BOE.

Nordstrom Needs to Bring Back What Made it Special

Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why. 

Roam Mobility ceasing operations June 30, 2020

Canadian-U.S. roaming service Roam Mobility has announced that it will "cease operations" on June 30, 2020.

No more furlough: Rishi Sunak 'set to close scheme to new applications'

Employers could soon also have to pay 20% of workers' wages, with the government funding 60%.

India can tide over worst recession, but govt must be careful: Experts

Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research

Top Stock Reports for Alphabet, Visa & Bank of America

Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).

GE Power India appoints Mahesh Palashikar as Chairman

GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal

Air Canada seeks $1 billion

Air Canada is hoping to raise more than $1 billion in share and debt offerings to bolster its cash position amid the financial devastation of the COVID-19 pandemic.

As SPCE Stock Remains a Moonshot, Stay on the Sidelines

A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.

While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’

While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’

$150 Billion In PPP Funds Untapped As Small Business Demand “Just Dried Up”

Approximately $150 billion of the $660 billion allocated to the Paycheck Protection Program (PPP) has gone untapped, according to data from the Small Business Administration – which shows that weekly PPP lending has “actually been negative since mid-May,” as fewer firms applied for loans and some borrowers returned funds, according to Reuters.

Deputy calls for figures to back up ‘buy local’ campaign

ROBUST data showing why buying goods and services locally is so important is needed as soon as possible so that a convincing case can be made to reinforce the message of the JEP’s Celebrate Local campaign, a States Deputy has said.

Bharti Telecom raises $1.1B from Airtel stake sale

Bharti Telecom, the holding company of India’s Bharti Airtel, sold a 2.75 per cent stake ...

More than 50 City of Vernon staffers had six-figure salaries in 2019

Wages for the City of Vernon's top staff cost an extra $1.7 million in 2019 as more names were added to the list of those taking home $75,000 or more an

Analyst corner: Maintain ‘sell’ on D-Mart operator with TP of Rs 1,900

In FY20, D-Mart added 38 stores vs 21 in FY19. In FY21, we expect lower store adds, while in FY22, this should once again gather pace with 45 store adds.

China’s president calls for long-term perspective to deal with economic challenges

China’s president calls for long-term perspective to deal with economic challenges

NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data

NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the

Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga

‘Tractors and two wheelers will continue to do well as rural economy is in robust health

Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider

Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends

Using FASTag, RuPay, UPI, AePS? This NPCI chatbot will answer your queries 24×7

NPCI said that PAi will soon be available in several regional languages of India to help increase the adoption of digital payments among Indian citizens.

Brussels wants €750bn borrowing power to fund virus recovery

European Commission president Ursula von der Leyen must win backing from reluctant capitals

Intel Remains A Blue-Chip Stock to Buy Post-Pandemic

Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.

Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders

Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.

Rs 20 lakh crore Covid-19 relief package: Missing demand

The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.

Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio

Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.

Used car sales recover after COVID-19 lockdowns

Many wholesalers either weren’t trading-in cars, or were making low offers amid market uncertainty, but the used market is now showing signs of recovery.

Need funds after job loss? Your life insurance policy may help you get it in an easy way

People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.

How to rescue Nigeria from deep economic recession (2)

According to the NBS, the recession could be as deep as -4.4 percent GDP growth for the year, though FG hopes to reduce the contraction.

Factbox: Renault and Nissan's plan to rebuild their alliance

TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.

Poor weather scrubs SpaceX’s historic launch attempt [Updated]

Anyone who followed the space shuttle program will remember a lot of scrubs.

Dalmia Bharat: Operating efficiency, deleveraging remains on agenda

Disney World Finally Has a Plan to Reopen

Disney World and SeaWorld Orlando are presenting their reopening plans on Wednesday.

Wall Street Breakfast: Blastoff!

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec

Digital payments: PoS terminals won’t lose sheen in post-Covid-19 world, says Worldline India

PoS machines will continue to support growth in digital payments in India

Presses start rolling as weekly newspapers prepare to publish again

THE Mourne Observer will be available again in newsagents' shops this morning, heralding a return to the shelves of a number of weekly newspapers which were temporarily shut during the coronavirus pandemic.

Global mobile phone shipments to decline 14.6% in 2020: Gartner

Due to impacts of Covid-19, shipments of total mobile phones are forecast to decline 14.6 percent in 2020

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

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

Don’t Rush to Buy Delta Stock, There’s Plenty of Time to Bottom Fish

While bottom fishers are scooping up airline stocks, DAL stock looks unlikely to make a significant recovery anytime soon.

Chrissy Teigen posted a video of herself being tested for COVID-19 and said 'it tickles', Business Insider - Business Insider Singapore

Business Insider - The model and cookbook author was being tested ahead of surgery to remove her breast implants, and she giggled throughout the experience.. Read more at businessinsider.sg

Used OnePlus 8 Pros are selling for hundreds of dollars above MSRP due to scarcity

Back when OnePlus had initially launched its first phones, it was quite common for these devices to be quickly sold again with a price tag over the MSRP. The reason for these higher priced reselling was due to the company’s then invite-only sales system. Now, the OnePlus 8 Pro is suffering from a similarly inflated …

She is the World’s highest paid woman CEO

Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company’s stock during her five years as CEO.

DBSA seeks loans to plug funding gap

Potential lenders include the African Development Bank, the New Development Bank and Agence Francaise de Developpement.

The lockdown can hurt ISPs – Depending on the impact in the coming months

The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.

Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations

The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates

5 Investment Trends to Profit From a Post-Coronavirus World

A look at some investment themes relevant in the post-COVID-19 world.

New Google My Business features aim to help SMBs pivot and survive COVID-19

The new tools and capabilities mirror the expanding role of GMB as a gateway to both offline and online services.

Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance

Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.

Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares

A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days

Debt Funds: No Safety Tag

From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe

Covid-proof Equity MF

The disruption across sectors demands a review of your equity mutual fund schemes

Covid-19 Blows a $400 Billion Hole in Global Energy

Investment in oil and gas supply is in retreat, creating an opportunity to do things differently in the recovery.

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

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

Seafood industry braces up for post-COVID blue economies

THE Norwegian Seafood Council, NSC, has concluded plans to use the Nigeria’s seafood industry to reboot the economy and get its workforce up

Of course billionaires like Elon Musk love outer space. The Earth is too small for their egos

This week, Musk’s SpaceX will launch the first US astronauts into space in nine years. We’re meant to be inspired, but back on the ground the workers are struggling

ThredUp Is The Win You Didn’t Know Walmart Needed

Walmart and ThredUp have announced an online partnership that will give consumers access to 750,000 pre-owned women’s and children’s items, accessories, footwear and handbags from ThredUp on Walmart’s site.

Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go

Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

Duterte wants Aaron Aquino to head Clark International Airport Corporation

After leading the country's top anti-narcotics agency, Aaron Aquino is asked to helm a government corporation in charge of developing the second gateway to Metro Manila

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

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

Gofrugal helping small retailers go digital

As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers

Kentik raises $23.5M for its network intelligence platform

Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]

Dapper Labs Launches Token-based NBA Game On Its Blockchain

Dapper Labs' NBA Top Shot has launched into private beta after the game's underlying product declaration in July 2019. The game is looking to fill a product specialty by consolidating manager-style sporting events with digitally rare merchandise called non-fungible tokens (NFTs). Dapper Labs VP of Partnerships Caty Tedman stated in…

Delhi: Markets empty, traders say Metro is only sliver of hope

The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.

State ownership of airlines may be side effect of coronavirus

Michael O’Leary’s anger over Lufthansa’s €9bn state bailout is understandable

How do marketers actually connect with a post-COVID audience? This might help

TLDR: With The Complete Digital Content Marketing Mastery Bundle, learn who to turn social media, Google, emails and even Zoom into major brand builders and money makers. As the U.S. cautiously starts to reopen in the wake of the COVID-19 pandemic, the consumer casualties of the economic plunge caused by the virus have only just […]

Go Long On SinoPharm Group's HKEX Ticker 1099:HK

There are obvious risks investing on Chinese companies right now. President Trump is hell-bent on winning his re-election via anti-China tirades. Most U.S. stoc

Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21

CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view

Here’s How to Make a Safer Wager on Penn National Gaming Stock

Today’s PENN stock price deserves a new strategy that plays a bit like craps. It uses the options market to leverage more upside.

3 Stocks to Buy After You Take Profits on Wayfair Stock

Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks. 

NBN Co quotes at least 1200 customers on a switch to full fibre

Does not reveal acceptance rate.

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs economists say the unemployment rate could remain high for the next two years due to policies designed to mitigate the pandemic's effects.

European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage

Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.

Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns

The migrant laborers who staff American meat plants, construction sites and delivery services are working through the pandemic – and sending more funds back home than ever.

3 Ways Your Social Security Checks Could Be Reduced by COVID-19

The coronavirus pandemic could result in smaller monthly checks.

Loans to MSMEs may get ‘risk-free’ tag

On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs

After 83% Rebound, It’s Time to Ditch Chevron Stock

With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.

Chinese Apparel Market To See $60Bil Contraction

15% of the market wiped off due to COVID-19 with little "revenge-spending", according to Oliver Wyman survey.

Israel Rejects Chinese Bid to Build World's Largest Desalination Plant

Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...

Google now lets businesses clarify what online services they offer during the pandemic

Businesses in more countries will also be able to list donation links.

A survival-of-the-fittest approach towards MSMEs

The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs

Canberra, Perth lead May revival in hotel bookings

Hotel reservations in May doubled to almost a third of what they were 12 months ago, as travel restrictions were eased and Australians made travel plans.

WTI attempts a bounce above $34 mark ahead of API data

WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the

Don’t Be Too Eager to Book a Position With JetBlue Stock

With an uptick in travel demand, JBLU stock appears to look interesting. But when you expand your horizons, it’s still a bull trap.

Nine CFO priorities in the time of COVID-19

There has to be an optimal mix of strategy for sheer survival and ambitious growth in these unusual times of lockdowns, demand collapse and destroyed cash flows. Here is a brief overview of what is on the mind of the CFO as they help their businesses navigate this crisis.

Biotech Stocks Have Been on Fire, But Timing Is Everything

Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.

Facebook wallet for Libra digital coins renamed 'Novi'

Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would

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

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

Google Rolls Out New Tools To Help Businesses Get Support From Customers

Google has launched a new feature for businesses to get help from customers as the pandemic takes its toll.

Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts

Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.

Industrial land ready in Maharashtra for business operations: Subash Desai

The Maharashtra government has kept ready 40,000 acres of industrial land along with all amenities, including road connectivity, for companies to come in and start their business operations, State In

Over $500m to help digital transformation of companies

More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...

Deere: Might Be Best To Look To 2021 Already

Shares of DE fell mightily with the broader market, and we have encouraged avoiding shares just before this major selloff. With the stock rebounding, it is prud

HP Excise & Tax Department sells retail liquor vends totaling Rs 1,180 Cr

Excise and Taxation Department of Himachal Pradesh on Tuesday said against a total retail liquor vend business of Rs 1190 crore, the Department has sold business at a price of Rs 1180 crore in the State. Principal Secretary, Excise and Taxation Sanjay Kundu said despite lockdown and recession in

Goodman company gets €19m judgment against Blackrock Clinic founder

Judge dismisses range of claims from Dr Joseph Sheehan

Ares Management Corp (NYSE:ARES) Insider Sells $1,861,277.25 in Stock

Ares Management Corp (NYSE:ARES) insider David B. Kaplan sold 50,647 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $1,861,277.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which […]

Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,409 Shares of Ares Management Corp (NYSE:ARES)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ares Management Corp (NYSE:ARES) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,109 shares of the asset manager’s stock after buying an additional 1,409 shares during the quarter. Zurcher Kantonalbank […]

Factbox: Key spending in Japan's second stimulus package of $1.1 trillion

TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.

CoCo Bond Investors Face a Covid-19 Reckoning

The coronavirus pandemic is even starting to affect the highly specialized world of bank capital

Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels

Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been.

Covid-19: Google to reopen offices in July for limited number of employees

The company will also be giving $1,000 stipend for home office equipment to make remote work easier

Virgin Atlantic suitors narrow with clock ticking on rescue

Ailing airline in need of emergency funding.

Torrent Pharma Consolidated March 2020 Net Sales at Rs 1,946.00 crore, up 4.85% Y-o-Y

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.

Finnish study proposes a model to predict cryptocurrency defaults

University of Vaasa researchers propose a model that is capable of explaining 87 percent of cryptocurrency bankruptcies after only one month of trading. It could potentially serve as a screening tool for investors keen to boost overall performance of cryptocurrency investment portfolios by avoiding investing in unreliable cryptocurrencies.

Covid to accelerate rebound in small cars, rural market: Maruti

Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.

IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com

The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added

Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market

Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.

AUD/USD sits near 2-1/2 month tops, comfortably above mid-0.6600s

The AUD/USD pair maintained its bid tone through the mid-European session and was last seen trading comfortably above mid-0.6600s, just below 2-1/2-mo

Lengthy housing recovery

Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.

Informa Markets To Launch The Industry’s Largest Digital Tradeshow

Changes are coming! Informa Markets Fashion and wholesale e-commerce platform NuORDER have partnered to launch the industry’s largest digital tradeshow, which will debut alongside Informa’s

Open banking investment higher in the UK than any other European country

Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.

Renault has no problems in relations with French state: chairman

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.

RT-PCR kits jointly developed by iGenetic, Biogenomics get ICMR, NIV nod

The kits are expected to be available in the market within a few weeks, iGenetic Diagnostics and Biogenomics said in a joint statement.

Rebooting Uganda’s economy post COVID-19

Private sector present various stimulus packages to government on how kick-start business activities back to normal growth curve Kampala, Uganda | ISAAC KHISA | Life is slowly returning to normalcy in Uganda’s towns save for those that lie on the borders with neighbouring countries. Shops and restaurants are back to business albeit observing social distance …

Banks go digital to maintain social distancing in post Covid world

Contactless services set to gain ground

WTI tumbles more than 5% toward $32.00

WTI (July futures on Nymex) broke to the downside and lost 4% in a few minutes, falling to $32.10, the lowest level since last Friday. The price is lo

Amazon is in advanced talks to purchase self-driving vehicle start-up Zoox

Amazon is reportedly in advanced talks to purchase self-driving vehicle start-up Zoox. Sources familiar with the matter tell The Wall Street Journal that the deal would value the company under $3.2 billion, the valuation its 2018 round of funding was based on.

Can General Electric Survive The COVID-19 Recession

General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...

USD/CAD extends rebound, trades above 1.3800 on oil selloff

The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.

Harvest Health: Licking Its Wounds

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

Experts: Just beating Covid-19 is not enough to return consumer confidence

KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...

How COVID-19 has changed the face of insurance industry and the role digital can play

The emerging trends post COVID crisis can be far-reaching. Pandemics can be short-lived, but the economic impact can be long-term.

Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups

SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...

Macerich Can Make You Rich Using Naked Puts

Most mall REITs aren't attractive, but Macerich has a lot going for it. All of its malls should be open by mid-June. Pent-up consumer demand will bring Macerich

Personal loan vs. Line of Credit: Which is better to end cash problem during Coronavirus pandemic?

A line of credit gives you access to a pool of funds from which you can draw for any personal or business-related activities.

Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez

The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said

Sam Champion's NASA/SpaceX weather forecast for the Kennedy Space Center

Sam Champion has the latest forecast on a line of storms predicted to move through the Cape Canaveral at the time of the launch.

"Innovation Should Be Given a Boost Through Tax Incentives"

In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines

Here's What Happened Today: Wednesday

No change in two metre social distancing, Cummings row rolls on and a blast off in Florida.

MSM Malaysia to consolidate, move Chuping operations to Pasir Gudang

KUALA LUMPUR, May 27 — MSM Malaysia Holdings Bhd (MSMH) will be consolidating its refined sugar production by relocating its factory operations in MSM Perlis Sdn Bhd (MSMP) located in Chuping, Perlis, to MSM Sugar Refinery (Johor) Sdn Bhd (MSMJ) located in Tanjung Langsat, Pasir Gudang, Johor. In...

Vadodara civic body announces 10% property tax rebate to tide over crisis

Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.

Pandemic kills off GSFM volatility fund

The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.

Korea's May exports tipped to dip 22.5% on pandemic: poll

South Korea's exports are expected to dip nearly 23 percent in May from a year earlier and post a trade deficit for the second consecutive month, a poll showed Wednesday, as the new coronavirus continued to disrupt global supply chains. The country's outbound shipments are estimated at $35.4 billion this month, falling sharply from $45.9 billion posted a year earlier, according to the poll by Yonhap Infomax, the fin...

Workplace norms after Covid-19 outbreak: Preparing for the new normal

The need of the hour is to rethink organisational transformation, ensure the safety of our employees and re-align operations to help our customers

The two things Kerr Neilson fears in pandemic

The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.

PR Consulting Shutters L.A. Office

A growing number of p.r. firms have been impacted by COVID-19 as fashion companies postpone shows and events and pull back on advertising.

Banks' lending rates further drop in April on aid package

Lending rates on fresh loans extended by banks in South Korea dropped sharply from a month earlier in April, central bank data showed Wednesday, apparently due to stimulus measures that supplied massive funds to businesses hit by the new coronavirus outbreak. The average interest rate on fresh bank loans came to 2.8 percent in the month, down 11 basis points from 2.91 percent the previous month, according to prelimi...

Riskier European companies draw €32bn from bank credit lines

Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities

Sunway Bhd launches cash call to raise up to RM1.11b

KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...

TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER, May 26, 2020 /CNW/ - TSX VENTURE COMPANIESOCEANIC WIND ENERGY INC. ("NKW")[formerly NaiKun Wind Energy Group Inc. ("NKW")]BULLETIN TYPE...

TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER, May 26, 2020 /CNW/ - TSX VENTURE COMPANIESOCEANIC WIND ENERGY INC. ("NKW")[formerly NaiKun Wind Energy Group Inc. ("NKW")]BULLETIN TYPE...

Rugby Canada sings multi-year deal with Italian-based sportwear brand Macron

LANGFORD, B.C. - Rugby Canada has signed a multi-year deal with global sportswear manufacturer Macron.The Canadian governing body joins Italy and Scotland a

Lagarde: It’s even worse than we thought

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

Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet

While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.

GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business

schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...

What Lessons Have We Learned From COVID-19 That Can We Apply To Clean Energy?

What lessons can we draw from COVID-19 that we can apply to clean energy in addressing climate change? Answer by Daniel Goldman, Co-founder and Managing Director of Clean Energy Ventures.

How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff

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

Food in a Tinderbox

The restaurant industry is close to irreparable damage. Can it be saved?

JPMorgan CEO: bank will again boost credit reserves in second quarter

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...

Google Pay rolls out Nearby Stores feature in 35 Indian cities

Last month, the feature was launched only in a few cities. The feature referred to as Spot by the company is a commerce layer on the app. It enables businesses to open mini digital storefronts within the payment app where users can browse for products and services.

‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis

Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director

Why You Shouldn't Worry About Moderna's Recent Insider Selling

No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.

Consider Bank of America Stock a Buy If Markets Retest Lows

Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.

IndexIQ Advisors LLC Invests $177,000 in Marcus & Millichap Inc (NYSE:MMI)

IndexIQ Advisors LLC bought a new stake in shares of Marcus & Millichap Inc (NYSE:MMI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,532 shares of the real estate investment trust’s stock, valued at approximately $177,000. A […]

Enel Expands Renewable Energy Platform In US & Chile

Enel began as a utility company in Italy, but it has expanded its presence into a total of 30 countries. Today, its Green Power subsidiary is one of the largest investors in renewable energy in the world and it is growing bigger all the time. This week, the company announced its Green Power North America

Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position

COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?

Bank of Montreal profit slumps more than 50% as credit losses loom

Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier

Docker hopes to resurrect its fortunes with new developer focus

Docker kicks off its annual developers conference this week as the company tries to demonstrate that its turnaround strategy is gaining momentum.

Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year

This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.

XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports

There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to

Ires defends 40% fee hike for its chairman

Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019

Suryoday Small Finance Bank raises ₹62.14 cr for expansion

Suryoday Small Finance Bank (SSFB), a scheduled commercial bank, has raised ₹62.14 crore through a private placement from six existing investors, which it intends to use for expansion plans.It raised

Microsoft: Entering Another Lost Decade

Microsoft rallied after solid FQ3 results. The company pulled forward revenues with less-than-impressive results forecast for FQ4. The stock is set up for anoth

HBO Max Launches Today: Everything You Need To Know

WarnerMedia joins the streaming wars today with the launch of HBO Max, its new service combining original shows, library content from a range of WarnerMedia properties, and programming from pay cable network HBO.

Sugar price remains at high levels

Sweete­ner costs more despit­e ongoin­g cane harves­ting, sugar produc­tion season­

Banks move to avert fresh arrears crisis

The initiative is aimed at avoiding a cliff-edge effect at the end of September

Pat Rafter's former Sunshine Beach home sells for $17m

David Hales bought the oceanfront mansion from Pat Rafter for $15.2 million but was only able to resell after two years for $17 million.

SpaceX Dragon DM-2 Launch Scrubbed – Next Attempt On May 30

Following poor weather conditions, SpaceX and NASA aborted the Dragon DM-2 mission today, with next attempt set for May 30, 2020.

Almost 750,000 drivers had motors MOT'd in April despite lockdown and six-month test exemption during pandemic, DVSA reveals

Motorists were urged to not use their cars as part of stricter lockdown rules in April, with only front-line and essential workers allowed to continue driving and have vehicles MOT tested.

Global Yields For Stocks And Bonds

The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t

Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position

Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]

Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]

Effects of Iranian Oil Ships’ Arrival in Venezuela

Two of the five Iranian oil vessels have already arrived in Venezuela. The first one, the Fortune, docked at El Palito refinery. The arrival of the tankers in the midst...

USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s

The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700

Argentina based Fintech Ohana to Launch Digital Wallet to Help Locals Pay for Daily Services via QR Codes, Send Money, Settle Taxes

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and se

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

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

Blockchain-Powered Stablecoins Are Maturing Quickly, But The Accounting Needs To Catch Up

Stablecoins have been growing fast, but several accounting questions still need to be addressed to supercharge adoption.

AT&T Stock Jumps 3% on HBO Max Launch

AT&T (T) stock is getting a boost Wednesday following the launch of HBO Max, which is the company's new premium streaming service.

Retail stores allowed to reopen in city of Los Angeles, Garcetti says

Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.

New warehousing facility to come up at Kothur near Hyderabad

Embassy Industrial Parks, a joint venture between the Embassy Group and Warburg Pincus that is into logistics and warehousing, is in advanced stages of acquiring land near Kothur to develop a warehousing facility, according to a top official.

G R Chintala takes over as NABARD chairman

Chintala replaces H K Bhanwala, who headed the organisation for more than six years.

NABARD gets its new chief, G R Chintala

ICTU warns against 'cliff edge' removal of COVID-19 payments

The head of the Irish Congress of Trade Unions (ICTU) says income supports, such as COVID-19 pay...

Lagos extends tax returns deadline again - The Nation Nigeria

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

Filing annual returns: LIRS extends deadline to June 30

Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing of Annual Tax Returns to June 30 due to Coronavirus pandemic

Bad weather halts historic Space X launch

Poor weather has forced SpaceX to call off the launch of NASA astronauts Doug Hurley and Bob Behnken to the International Space Station (ISS). The two men were due to go up from the Kennedy Space Center in what would have been the first orbital mission from the US in nine years. But unfavorable atmospheric conditions prompted controllers to call a stop just 16 minutes before lift-off. The next opportunity for SpaceX and NASA will come on Saturday. If that's no good, there would be a third opportunity on Sunday. The frustration was that conditions just an hour after the designated launch time of 16:33 EDT were probably acceptable. But this was an instantaneous launch window where the SpaceX Falcon rocket and its Dragon crew capsule had to leave on time or they wouldn't be able to catch the space station. There is great interest in this mission. Not since the retirement of the shuttles in 2011 has America been able to launch its own astronauts into space - a big gap in which the US has had to rely on Russian Soyuz…

eftpos to halve contactless fees from July

Fires pricing broadside into global credit card schemes.

Samsung details its debit card, coming to the US later this summer

Cash rewards await you.

London-based Greyparrot nabs €2 million to automate recycling sorting

Today British AI tech startup Greyparrot has raised around €2 million to tackle the growing waste crisis, by introducing digitisation and automation to recycling. The round was led by Speedinvest, a leading early-stage industrial tech investor, with participation from Force Over Mass. The new funds

London’s Greyparrot gets $2.2 million for computer vision software that digitises recycling

Greyparrot, a London-based startup set on managing and reducing waste through AI, has raised $2.2 million in seed funding to prepare its product for global expansion. The round was led by Speedinvest with participation from Force Over Mass. The AI startup provides waste recognition software to monitor and sort waste at scale, with the goal […]

Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak

TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.

Historic SpaceX and NASA space mission aborted

The launch will be next attempted on Sunday (NZ time).

Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of

Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source

MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...

AUD/JPY: Bears getting set for potential major sell-off

AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t

Google will begin reopening its offices starting July 6 with limited capacity

Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg

Airlines Aren’t Alone. Hotels’ Brand Valuations To Drop 20% Because Of COVID, Cratering Of Travel Demand

"The COVID-19 pandemic is going to hit the hotels sector hard as holidays are cancelled and people work from home."

Google now lets merchants accept bookings for online services

Google is introducing a handful of new features and tools to help businesses transition from the physical to virtual worlds.

Lashify Brings Alleged Knockoff Manufacturer to Court in China

The brand claims Hollyren, one of the biggest Chinese manufacturers of eyelash products, is making unauthorized reproductions of its patented products.

Why Patience Is Key When It Comes to DraftKings Stock

The sports betting market offers a huge growth runway and DraftKings stock is a play on it, but the share price has gotten too high.

Marathon Oil Stock Still Deserves Your Attention Despite Analyst Concerns

A couple of high-profile financial firms are firmly bearish on Marathon Oil, but there are two sides to the story for MRO stock.

One Equity Partners to unload Celltrion Healthcare stake at discount

One Equity Partners, a spinoff of JPMorgan dedicated to middle market investment, is reportedly looking to unload part of its stake in South Korea’s drug distributor Celltrion Healthcare through a block trade for roughly 350 billion won ($283.6 million). The price of some 4 million Celltrion Healthcare shares, a 2.6 percent stake, was set at between 85,000 won and 87,000 won per share after the mark...

World Bank: Belarus’ Economy Can Face a Severe Shock

As a small, open, commodity-exporting economy, Belarus is heavily exposed to shocks caused by deep contractions in its main trading partners, the collapse of oil prices, and global financial volatility related to the COVID-19 pandemic, says the World Bank’s latest Economic Update for Belarus, released today. Belarus’ economy is anticipated to contract by at least […]

Why Prices Of Basic Items Soar In Nigeria Despite Petrol Cost Reduction

While inter-state travel across the country has been banned by the federal government, vehicles carrying essential supplies, as well as essential personnel, retain unrestricted movement. Effiong said the reality on the ground tells a different story.

China's Chery Auto plans to sell cars in EU, United States: chairman

China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...

Stocks Have a Psychologically Important Day

Passing key landmarks on the S&P 500 may have caused traders to reconsider why they have pushed the market so far.

Applied Materials Could Be The First U.S. Victim China Sanctions

Applied Materials' acquisition of Hitachi Kokusai Electric is being held up awaiting regulatory approval from China. Hitachi Kokusai holds a strong position in

Knauf calls in the bankers as Aus building materials sector in play

German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm. 

Cetera Advisor Networks LLC Sells 226 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Cetera Advisor Networks LLC reduced its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,757 shares of the technology infrastructure company’s stock after selling 226 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Akamai Technologies were worth $252,000 as of its most recent […]

Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Acquired by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 2,658 shares of the technology infrastructure company’s stock after acquiring an additional 211 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Akamai Technologies were worth […]

Nissan's Future Is About To Be Decided

Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...

Manufacturers’ sentiment marks record-low since 2009

Weighed down by the prolonged COVID-19 pandemic, South Korean manufacturers saw their business confidence sink to the lowest level in over 12 years for the upcoming month, central bank data showed Wednesday. The business sentiment index -- BSI -- for the domestic manufacturing sector came to 49 for June, down from 50 for this month, according to the Bank of Korea. While a reading below 100 indicates a pessimist mar...

3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors

It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.

Distressed real estate market beckons opportunistic buyers

Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.

ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom

Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad

Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better

Existing health insurance plans offer far more features and benefits, but come with higher premiums

UK commits new funding to combat space debris

New government funding for innovative solutions to tackle the growing problem of potentially hazardous space debris, has been announced by the UK Space Agency.

Inspire new customers in their moments of discovery

Discovery ads offer a new way for brands to engage consumers as they scroll through their favorite feeds with Google.

The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)

The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets

Investors sell up as rental stress rises

Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.

Airbus wins ESA contract to construct third European Service Module for NASA's Orion spacecraft

The European Space Agency (ESA) has signed a contract with Airbus for the construction of the third European Service Module (ESM) for Orion, the American crewed spacecraft. The contract is worth around euro 250 million.

COVID-19 response: DIFC to gradually reopen businesses from Wednesday

Offices and retail outlets will operate with certain restrictions and health protocols

Dangote, MTN emerge most admired African brands

In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of

IFM Investors eyes 'nation building' accord

Former Future Fund boss David Neal says there are no constraints on funding ability for big projects, and warns interest rates could be lower "forever".

Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier

A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.

OECD GDP Falls By 1.8% In The First Quarter Of 2020

Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.

Xiaomi to launch TWS earbuds in the Indian market under Redmi Phone Plus strategy

The Chinese tech giant, Xiaomi, is one of the most popular brands in India. The company and its subsidiary consider the Southeast Asian market as a very important region and have said that it will launch new products under Redmi‘s “Phone-Plus” strategy. According to Xiaomi India’s Chief Marketing Officer, Anuj Sharma, “We have finalized the …

ABB On How Smart Cities Can Emerge Stronger Out Of The Pandemic

Experts think that far from a bad economy slowing down smart-city investments, the need to prepare for the next crisis will promote even faster infrastructure upgrades. In the latest Intelligence of Things Tracker, Michael Lotfy, senior vice president of smart-buildings solutions for global electrical-technology company ABB, explains how smart-city systems and 5G can help communities weather today's crisis — and emerge even more resilient than before.

Builder 'livid' at calls for first home buyer grants

Industry veteran hits out at the 'ridiculous' behaviour of lobby groups calling for measures that would push up housing prices.

Mirae Asset fined for illegal internal trading, but avoids prosecutorial probe

South Korean financial giant Mirae Asset Group is likely to resume its drive to launch a mega-sized investment bank as authorities on Wednesday decided not to request a prosecutorial probe for conducting illegal intra-unit trading and instead chose to slap a light penalty. The nation’s antitrust watchdog Fair Trade Commission said it has imposed a fine of 4.39 billion won ($3.6 million) on financial conglomera...

The Best Way to Play the Current Tech Rally Is eBay Stock

Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.

Croatia Awaits Tourists, But Finds Few Takers

Owners of yachts and campsites on Croatia's scenic Adriatic coast are hoping for tourists now that the lockdown has lifted, but are not seeing much traffic.

Maharashtra: Nashik farmers unable to sell onions at fair prices

Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said

'We'll die of hunger': Nashik farmers unable to sell onions at fair prices

'Our earnings are not even supporting the expense of fuel to carry them to market'

The Worst Deal Ever: The Inside Story Of The Epically Bad Decision By StubHub’s Cofounder To Buy His Company Back

Eric Baker was fired from StubHub in 2005. Fifteen years later his new company Viagogo paid $4 billion to buy it back—just weeks before coronavirus utterly destroyed the business.

Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service

Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.

RBA governor expected to be more upbeat

Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.

How India can push its dairy cart ahead

The future of dairy in India hinges on modernising infrastructure, and giving the sector a technological face-lift

It is India's hour to shine, but will it?

If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.

Japara flags major impairment,says conditions are tough

The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.

LIVESTREAM: SpaceX’s NASA astronauts board Falcon 9 for historic launch debut

SpaceX and NASA remain on track for the private launch company’s astronaut launch debut, set to be broadcast live from start to finish. Weather continues to be the biggest challenge threatening delays to the historic mission, itself an incredible achievement for a vehicle, rocket, and system as complex as the Crew Dragon spacecraft, Falcon 9 […]

Quick Profits from the Push out of Tech

We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).

Corn is oversold; watch for short covering to provide price spark, analyst says

Outside investors are watching the June crop weather forecasts turn dry.

Mission Control Is Socially Distancing During Today’s SpaceX Launch

Launching a historic rocket launch during a pandemic looks a little different. Mission control is spread out. NASA execs have to sit six feet apart.

Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week

Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.

The original Google Home is 'no longer available' in the company's US store

Google's original Home speaker is listed as 'no longer available' in the official US store, prompting questions about its future.

Chewy: Reaping The Benefit Of Stay-At-Home Measures

Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more

Lew jnr to bolster his group with MyHouse acquisition

It could almost be time to head to the clearing house. 

Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]

Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months

Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The

NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies

Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …

UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement

(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.

Doosan likely to finalize self-rescue package next month

South Korea's cash-strapped Doosan Group is likely to finalize its self-rescue plan next month, as creditors have yet to vet the books of the group's affiliates, industry sources said Wednesday. The country's 15th-largest conglomerate last month submitted to creditors, including the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank), a plan to sell shares and non-core assets in a bid to secu...

Vaccine market beckons

At a time when vaccine alone offers hope to end the coronavirus pandemic, India is caught in a paradoxical situation. Despite

Celcom prepares for 5G vendor selection

Malaysia-based Celcom Axiata is tipped to deploy a 5G network using two equipment suppliers and ...

Box Earnings: BOX Stock Drops 2% Despite Q1 EPS, Revenue Beats

Box (BOX) earnings for the cloud storage company's first quarter of 2020 have its stock on the move after markets closed on Wednesday.

7 Cheap Stocks to Buy With Great Potential

In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.

5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN

Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.

German chemical firms see 'significant' blows ahead from virus

Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.

Mohawk Industries: Not A Convincing Investment

Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b

Central Bank reports €2.5bn profit for last year

The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...

Local telecom firms bid for fifth-largest cable TV operator Hyundai HCN

South Korea’s three major telecommunications firms have submitted nonbinding indicative offers to acquire Hyundai HCN, the nation’s fifth-largest cable TV operator owned by Hyundai Department Store Group, according to industry sources Wednesday. The three local firms -- KT, SK Telecom and LG Uplus -- are expected to compete for acquiring the cable TV operator, which has a 4 percent market share with 1.3 ...

CBN reduces interest rate on OFIs facilities to 5% per annum

CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.

Forex Today: sentiment tosses and turns

What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r

Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America

It's Supercharger quick-charger is also no longer free for new Model S and X customers.

USD/JPY extends losses around 107.50 amid fresh challenges to risks

USD/JPY prints 0.07% losses on a day, currently around 107.47, while stretching the previous day’s weakness forward during the initial Tokyo open on W

Cairn Homes seeks permission for 611 apartments on RTÉ site

Builder applying via Pleanála fast-track scheme for development at €103m landbank

Coronavirus Impact: Shapoorji Pallonji Real Estate bets big on digital, to redirect ad spends on digital marketing

The company plans to redirect around 50% to 60% of its ATL spends towards digital marketing which takes the tally to over Rs 10 crore

About Olives New Zealand

News from Olives New Zealand Kiwis are being encouraged to support local and buy world-beating olive oil made by New Zealand growers, who have won seven Gold Medals at the 2020 New York International Olive Oil Competition.

NZ Olive Oil Makers Win Big, Kiwis Encouraged To Buy Local

New Zealand, 27 May 2020 – Kiwis are being encouraged to support local and buy world-beating olive oil made by New Zealand growers, who have won seven Gold Medals at the 2020 New York International Olive Oil Competition.

EUR/USD: The safe-haven US dollar is gaining some ground

EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal

VMLY&R India wins the digital mandate for Colgate-Palmolive

The agency will encompass digital campaign planning, creative thinking, as well as social listening

A YouTuber pulled off an astonishing 70-step basketball trick shot, including skateboards, trampolines, and a ping-pong ball roller coaster, Business Insider - Business Insider Singapore

Business Insider - Creezy, who has 142,000 subscribers on his YouTube channel, said the trick took two months to pull off.. Read more at businessinsider.sg

PH airlines ready to resume flights under ‘new normal’

Philippine carriers are ready to resume passenger commercial flights under the “new normal” as the Air Carriers Association of the Philippines renewed their call for government support.

Austria’s efforts to accelerate its clean energy transition

Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union. To meet this ambitious deadline, the Austrian government will need to significantly step up decarbonisation efforts across all parts of its energy sector, the International Energy Agency said today in its […]

Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies

Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive

How India can develop its health ecosystem into a dominant, post-Covid economic sector

By streamlining development and regulatory processes, and lending more support so our innovators can compete on a global platform, India can develop its health innovation ecosystem into a dominant, post-Covid economic sector

USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region

The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above

Playing Defense With Cloud Software Stocks

Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.

HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth

HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth

Bangladesh Threatens To Ban These UK Brands, Escalating Battle To Get Factories Paid

Apparel manufacturers say the UK company EWM Group plotted to place fresh orders in the country without first paying its outstanding debts.

‘Aatmanirbhar’ package for agriculture: Sowing half-reforms

While the government deserves credit for announcing agri-reforms that have long been in the making, these may remain halfway measures as it has refrained from biting the bullet on truly freeing up the sector

DPR paid ₦8 billion salary upfront in January - Premium Times Nigeria

Data analysis by Dataphyte has shown the DPR paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

Informa Teams With NuOrder to Digitalize Trade Show Experience

The trade show operator and e-commerce platform will work to bring brands and retailers together.

SpaceX launch livestream: Watch history in the making

Nasa and SpaceX are preparing for the first manned launch to take off from American soil since 2011. Watch the livestream here.

The Halfords Code: Bike and car repair chain unveils how Covid-ready stores will operate with staff behind 'sneeze screens' and customer marshals - as 53 branches will fully reopen by Friday

During the UK lockdown, Halfords has been serving customers online and from car parks despite the Government saying that it was able to remain open.

Wigan to lose local radio station Wish FM with jobs 'at risk' in rebrand to Greatest Hits Radio

The station which was first broadcast out of Billinge 23 years ago, is currently based at Orrell Lodge

Mitsubishi Triton and Nissan Navara to look the same under radical overhaul

Next generation Mitsubishi Triton and Nissan Navara utes were supposed to look different, but be twins under the skin. A radical overhaul announced overnight means they will also look the same.

Southwest Airlines: $41 Is Too Low

UBS slapped a $41 price target on Southwest Airlines for 28% upside. The airline has plenty of liquidity, and the recent jump in traffic should greatly reduce d

Telford Kwik Fit reopens following deep clean after worker tested positive for Covid-19

A vehicle repair centre has reopened after deep cleaning due to a worker testing positive for coronavirus.

India among major markets to see increase in ATM usage over 2019

Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.

Eid shopping loses momentum

People buy goods in limite­d quanti­ties as purcha­sing power shrink­s

Retailers add COVID-19 surcharge for services to help offset costs of pandemic

VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co

Brazil's JBS plant closed amid COVID-19 outbreak in Rondônia state - statement

SAO PAULO, May 27 (Reuters) - A labor court in Brazil's remote state of Rondonia ordered the closure of a plant operated there by JBS SA until the company tests all employees in the unit for the coronavirus, according to a statement sent to Reuters on Wednesday.In his ruling on Tuesday, Labor Judge Wadler Ferreira said JBS's unit in the town of São Miguel do Guaporé "is the main source of contamination and spread of the virus." The ruling said more than 60% of the cases already confirmed in the municipality are inside the company.

Ferrari Isn't What It Was

RACE is facing unprecedented issues in its engines and F1 revenue streams. Margins have plateaued with downside catalysts aplenty, but no meaningful upside cata

Qantas wins Australia’s trust, but caution it might fall from grace

Qantas is the fairytale story emerging from early pandemic polling, leveraging its 'mercy flights' to catapult into Australia's third most trusted brand –

Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis

Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.

Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul

Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh

Maxim turns to controversial cover model contest during financial struggles

Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest

Macro Afternoon

See the latest Australian dollar analysis here:

Co-Diagnostics Could Soar With Its Coronavirus Test

Co-Diagnostics may be worth much more than today's price. CODX stock could be worth two or three times more, under certain estimates.

Backup to Microsoft Azure with Veeam Direct Restore

Direct Restore to Microsoft Azure is included in the Veeam Backup and Replication solution and allows companies in East Africa to restore Veeam backups directly on their Azure platform in just two steps.

Instagram Adds More Monetization Methods for Creators

Instagram will test Badges, a feature allowing creators to monetize live videos, as well as IGTV video ads.

Toni & Guy and Regis hairdressers announce reopening date

Desperate for a haircut? Rejoice! These hairdressers are just weeks away from reopening.

Farmers' Market returning

The Penticton Farmers' Market will be re-opening its outdoor market this Saturday, May 30, taking over its usual spot in the 100 block of Main Street.

Penticton Farmers' Market reopens on Saturday

It’s official. The Penticton Farmers' Market will be back in business for the 2020 season as of this Saturday.The market in the 100 block of Main

Karnataka Temples Open Doors For Devotees, E-Sevas Too Take Off

Karnataka temple bells to get ringing again from June 1. 

Listed firms' dividends dip 1.9% in 2019

South Korean listed companies' dividend payouts slipped nearly 2 percent in 2019 from a year earlier amid a business slump, data showed Wednesday. Cash dividends paid out by 1,094 firms listed on the country's main and secondary stock markets totaled 22.6 trillion won ($18.3 billion) last year, down 1.9 percent from a year earlier, according to the data from the Korea Securities Depository. The number of dividend-p...

The average take-home salary in South Africa during lockdown

The BankservAfrica Take-home Pay Index (BTPI) showed a slight pick-up in April as the majority of employees continued to receive their monthly incomes – however casual and weekly workers were most affected by the Covid-19 lockdown as the number of wages paid declined significantly.

50% are likely to increase online spends: Survey

Nearly half of the consumers in India are likely to increase their spending on the online shopping platforms, even for traditionally offline categories such as vitamins, supplements, fresh food, home

Capacity could be reduced by 87% in pubs due to 2m social distancing rule

The typical bar or restaurant in Ireland could face an 87% reduction in capacity if the 2m social distancing advice remains in place when they re-open. Capacities in pubs and bar/restaurants will drop...

To ASX questions, iSignthis tries vaudeville

This is something altogether new.

Tea exports fall on Covid-19 curbs

Main market Pakistan shed seven million kilos

AUD/USD plummets to session lows, further below 0.6600 mark

The AUD/USD pair extended its sharp intraday pullback from the highest level since mid-March and dropped to fresh session lows, below the 0.6600 mark

Facebook Stock to $1,000? It’s Possible Now Thanks to Shops

Newly announced Facebook Shops is a game-changer which cracks the ultra-valuable social commerce code, and could push FB stock to $1,000.

Financial complaints watchdog inundated with calls linked to pandemic

Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.

Toronto's average rental price dropped five per cent in April

With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices

Best of BS Opinion: India-China relations, the Covid curve, and more

Here is a summary of Business Standard opinion pieces for the day

USD/JPY traders weigh a massive cocktail of mostly toxic risks

Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se

If plans fructify, NHPC will become world’s largest floating solar company

So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop

The inescapable truths investors face now

Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.

Medical masks, gloves, PPE makers pitch for resumption of exports

Exporters want to attract buyers from US, Europe who are moving away from China

EnergyWare, LLC Extends Thanks to Its Customers

SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...

Oppo is researching on the development of its own chip - Gizchina.com

Oppo is researching on the development of its own chip. The company is currently recruiting some professionals to help build its own chips

Why the Math Doesn’t Work for Chesapeake Energy

When you’re competing in an overly saturated market with extremely poor financials, it will never end well. That’s why you must avoid CHK stock.

AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections

No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter

Current crisis calls for a revised Union Budget

The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment

FDA backs BMS’ Opdivo/Yervoy in first-line NSCLC

Bristol-Myers Squibb has finally gained approval from the US Food and Drug Administration for immunotherapy drug Opdivo in combination with low-dose CTLA4 inhibitor Yervoy for the treatment of first-line non-small cell lung cancer (NSCLC).

Growth Is Crushing Value Right Now, But Take A Long-Term Horizon

So far this year, growth stocks are up 1.8 percent through May 27. Meanwhile, value stocks are still down more than 16.2 percent.

Discounts are widening the audience for private jets

The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.

Energy giant SSE sets out a greenprint for clean recovery

Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.

Chevron shareholders approve calls for more transparency on climate lobbying

(Reuters) - Chevron Corp shareholders on Wednesday voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities, a major win for activists against big oil.

Hearst Magazines Offers Fashion, Beauty Brands Free Ads Through ‘Together’ Initiative

More than 80 brands have participated in Hearst's free ad initiative, including Chanel, Gucci, Cartier, Carolina Herrera and Unilever.

Google faces India mobile payments competition claim

Google could be the latest mobile payments provider probed by authorities in India, as reports ...

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

Wall Street opens mixed, falling tech shares weigh on Nasdaq

Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial

Banks plan for arrears; retailers push to open; and watchdog counts Covid cost

Business Today: the best news, analysis and comment from The Irish Times business desk

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

The 3 Best Stocks for Beginning Investors

Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.

Google highlights Indian 'hack-for-hire' companies in new TAG report | ZDNet

Google also discloses seven coordinated political influence campaigns that took place on its platforms during Q1 2020.

Geely Chairman wants more cooperation with Daimler, report says

Geely Chairman Li Shufu looking to expand further with Daimler

Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector

Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.

Arthritis company Promisia pivots into Chch aged care sector

Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...

Woolworths SA hires bankers to test interest in David Jones properties

Investment bank UBS has been hired to review options for David Jones' property portfolio.

800 export consignments stranded at Lagos ports

ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen

Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return

Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.

EIT Digital Challenge: Previous winners share their experience

The EIT Digital Challenge is a fast-paced and exciting competition, in which high growth European tech startups can win a full-year of acceleration worth €50K, access to EIT Digital’s innovation network and international visibility (and, if you are the top selected startup, a further €100K). Appl

Mobile Broadband to Boom with Giga LTE

PARTNER CONTENT: Live From Huawei Analyst Summit 2020, Shenzhen, China: During the LTE Roundtable, the ...

Wineries turn to online sales to avoid getting crushed by the COVID-19 pandemic

Susan Tipton began making wine after she and her husband settled on an 18-acre property in Acampo, California in 2003. Inspired by a trip to the Southern Rhine region of France where she first tasted ...

You can now apply for government’s relief fund for May – but don’t make these mistakes

The Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries – marking a historic first in terms of a lump sum paid out by the fund within five weeks.

The New Ingersoll Rand Debuts Under Challenging Circumstances

Ingersoll Rand produced a lackluster report for its first quarter, with results falling short of sell-side expectations and peers. Upstream oil/gas is likely to

Africa Is Paying Covid-19’s Price In Gold

Over the years, huge mining operations in Africa have generated significant profits for foreign companies. Seeing the potential, the continent’s governments are looking for ways to harness more revenues from the sector in to aid economic development. With coronavirus affecting a lot of industries around the world and nearly crippling economies in its wake, there’s reason to believe that the pandemic will as well mar Africa’s mining, especially the sector of gold. The Ashanti Conundrum AngloGold Ashanti is the third largest gold producer in the world, and the largest in Africa. The company, with 21 operation bases in 4 continents, produced 3.3 Moz and employs 34,263 people in 2019. 2020, however, now proves uncertain for the mining firm as the effects of coronavirus have sent shockwaves throughout the industry.

Oman's share index ends marginally higher

MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close

Billion-dollar fines won’t change Big Tech

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

Ford sets May 28 as provisional date for gradual restart of Mexican plant

Ford sets May 28 as provisional date for gradual restart of Mexican plant

Heir To Huawei

With Huawei having to confront the prospect of becoming primarily a domestic brand, it makes sense for the world’s second largest manufacturer of smartphones  – and almost certain to be the next  No.1  –  to make its own chips.

The Hertz Bankruptcy And Used Vehicle Values

Hertz has gone bust and that's that - but the interesting thing is why? For the answer to that tells us a lot about what happens next. For example, there are wo

Walmart, ThredUp Join Forces For Second-Hand Clothes

Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27).

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman Sells 2,635 Shares of Stock

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman sold 2,635 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.81, for a total transaction of $54,834.35. Following the sale, the chief operating officer now directly owns 146,890 shares of the company’s stock, valued […]

Museveni urges Ugandan entrepreneurs to borrow from UDB

uganda development banks

Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

News Corp to cut hundreds of jobs in restructure

News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.

Businesses give up office space in Sydney CBD

The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.

Gold trades with modest losses, holds above $1700 amid escalating US-China tensions

Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com

Irish ports recorded pre-Covid dip in traffic levels

Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019

Zipline’s drones are delivering medical supplies and PPE in North Carolina

Transporting almost four pounds of cargo at up to 80 mph.

No university bailout for international students

Australia’s universities continue to cry poor over the reduction in international student numbers, signaling heavy financial and job losses:

The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook

The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today

Why Technology Is Proving Surprisingly Defensive

In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite

Upshift Is Looking To Redefine Car Ownership

Upshift is developing a service that makes it easy to lease a car on a short-term basis. The company is also raising capital on the crowdsourcing site, Republic.

Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations

The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.

HitBTC Partners Up with Trading View

HitBTC, one of the world's premier digital asset exchanges, has announced a new partnership with TradingView, a global social network for traders specializing in charting software. The move will allow TradingView users to manage their orders on HitBTC via the web-trading interface on TradingView. For example, one can place buy or…

Genobank: Looking to Remake the DNA Kit Market

Genobank is looking to raise capital from the crowdfunding site Republic. They are developing a privacy-first DNA kit based on blockchain.

Export of Irish beef to China temporarily suspended

The Department of Agriculture has confirmed that the export of Irish beef to China has been suspended temporarily after a 14-year-old cow tested positive for 'Atypical BSE'.

Chicago to reopen trading floor with masks

New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.

7 American ETFs for the Hometown Crowd

American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.

Mayo company Portwest had PPE seized by Chinese government

Six containers of safety equipment seized in March

Dairy remains ‘resilient’ due to business model

JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.

Freight companies 'on their knees and will fail' due to coronavirus pandemic

Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.

Empty Steel Canyons In NYC As Commuters WFH?

One victim of the pandemic might be the daily commute. Nowhere is that more apparent than in New York City, where inbound suburbanites are critical to the local economy.

Brazil's largest city Sao Paulo to reopen malls for 15 days as of June 1

SAO PAULO (Reuters) - Malls and street shops will be allowed to reopen in Sao Paulo, Brazil’s largest city and the epicenter of its coronavirus outbreak, for 15 days as of June 1, according to a plan unveiled on Wednesday by Governor Joao Doria and Mayor Bruno Covas.

SpaceX launched NASA astronauts tomorrow at 2.00 am IST: Here is how to watch it LIVE

If due to unforeseen circumstances, this mission is not able to launch, it has back-up dates on Sunday, 31 May, 12.52 am IST and Monday, 1 June, 12.30 am IST.

Crew Dragon DEMO-2 mission ready for new era for human spaceflight

The first human spaceflight to launch from American soil in nearly a decade is set to take place this week. NASA astronauts Robert Behnken and Douglas Hurley will lift off aboard SpaceX's Crew Dragon spacecraft atop a Falcon 9 rocket from the Kennedy Space Center in Florida. The crewed flight will then dock with the International Space Station for at least one month before returning back to Earth.

CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism

Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma

Why Copper Could Rise From Here

Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris

Zipline Drones Will Continuously Drop Supplies To Hospital In North Carolina

Granted a waiver to operate due to the coronavirus pandemic, the operation could define how drone delivery works in the U.S. Its usefulness hinges on just how valuable a few pound of air-dropped supplies can be.

Stocks To Buy After The Buffett Sell-Off

The airlines sold by Berkshire lost 15.8% in value more than other airlines since the Buffett Sell-off began. The Buffett Airlines have less attractive cash val

Helping supply chains recover

Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help

The Trip Aboard Carnival Cruises Stock Will Be Stormy

There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.

PREIT: Earnings And Asset Value Diverge

PREIT released another weak quarterly earnings report last week. COVID-19 will delay a projected turnaround in NOI and FFO trends by depressing traffic in the s

Intelsat, SES to participate in FCC’s $9.7B C-band program • OneWeb says it wants 48,000 satellites

OneWeb told the FCC May 26 that it wants to increase its constellation size to 48,000 satellites despite having filed for bankruptcy over an inability to fund a smaller broadband megaconstellation.

“The Market” Isn’t the Same as “Stocks”

Can we trust this market rally ... and why you may not have to. Investors should stay focused on stocks within the market, not "the market" itself.

5 Dividend Kings to Buy and Hold Forever

The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.

Google Ads credits for SMBs start rolling out

The $340 million program will phase in over the coming weeks.

Etsy: Downgrading On Valuation And Competition

Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong

Why You Need Your Next Marketing Channel, Now

Start diversifying your marketing channels before it's too late

Greggs is reopening branches next month after successful trials

Greggs fans will once again be able to get their breakfast or pasty fix

Fewer Australians feeling depressed by the crisis

The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.

NYSE short interest rose 1.0 percent in mid-May

NYSE short interest rose 1.0 percent in mid-May

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

Sight charity losing £25,000 per week in appeal for funding

A new appeal for help has gone out from a charity helping vulnerable people across the Black Country.

NZD/USD: I Retain My Long-Term Bullish View

The NZD/USD has remained quite resistant during COVID-19. Export data for New Zealand came in better than expected. In spite of the potential for negative rates

Bill to regulate mobile money transactions gets committee nod

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and inadequate protection of payment and …

Weather better for historic SpaceX launch of NASA astronauts

CAPE CANAVERAL, Fla. — The weather is looking up for SpaceX's first astronaut launch, as officials vow to keep crew safety the top priority.

No-touch new car buyers drive towards Let's Haggle

An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.

LanDynamix launches a cost-of-downtime calculator guide

Promoted | LanDynamix, a leading managed IT services provider, says companies trying to quantify the cost of downtime all too often make the mistake of tackling it from a technology perspective.

Demand for real estate to go up in post COVID-19 world: Manoj Gaur

In an exclusive interview, Manoj Gaur, MD, Gaurs Group, and Chairman, Affordable Housing Committee, CREDAI (National), talks about the impact of Coronavirus on real estate in India and shares his industry outlook.

Tesla: China Trade War Risk

President Trump will use China virus in his re-election campaign. Chinese government and consumers may push back on US companies. Stronger US Dollar will impact

Bill Ackman dumps investments in Berkshire Hathaway, Blackstone

The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.

Hundreds of jobs to go as News Corp confirms restructure

News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.

Green Cabs in liquidation, jobs cut

Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...

Green Cabs in liquidation, jobs cut

Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...

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

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

Cash payments declining as contactless methods become the norm - experts

COVID-19 has accelerated the shift away from cash.

Dollar slips amid vaccine hopes as Japan reopens

Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in yesterday’s trading session. Fickle dollar supply by corporate players was evenly matched by a dearth inactivity on the foreign currency demand counter that left the home unit stuck within the 3780-3800 trough versus the buck. The USDUGX currency pair looks settled, and will probably remain within the present levels in the interim, barring fresh factors coming into play. The U.S. dollar struggled from a sell-off of safe-haven assets as investors became more optimistic about the global economy’s recovery. With more nations easing their lockdown restrictions, traders are hopeful that we could see a faster – than – expected rebound in the global economy.

Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19

(Reuters) - Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.

Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds

A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.

Only The Lonely Can Play

Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we

Indore: Soaring temperature leads to surge in electricity demand by 50 MW

Switch: Overvalued For Such Low Growth Prospects

Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the

Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden

The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit

Advent Health IPO raises bad memories

If recent history is anything to go by, investors might want to be wary of the Advent Health IPO currently being spruiked.

AXA Mansard premium rose by N9.7bn in 2019

Nike Popoola AXA Mansard Insurance Plc said its gross written premium rose by 29 per cent to N43.62bn in its 2019 unaudited financial report from N33.92bn in 2018 financial period. A statement fr...

Don’t Buy Ford Stock Now, Even If You Believe in Miracles

A suddenly robust used-car market along with U.S.-China tensions will put the brakes on Ford.

SAA business rescue practitioners get leave to appeal lay-offs

'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.

XLE: Energy Stock Comeback Has Begun

Energy stocks are dirt cheap relative to the overall market based on current oil prices, suggesting XLE outperformance versus SP500 even in the absence of an oi

Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts

Harland & Wolff joins forces with Navantia to form new defence challenger

HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.

How the coronavirus lockdown has accelerated the challenges for our town centres

As part of our series linked to the Passionate People, Passionate Places campaign, we look at the problems facing town and city centres on lockdown

GE Stock Comeback Story is Delayed But Not Canceled

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

It’s a marathon, not a sprint

Prepare your business for the long, hard run, not the short-term win.

Satellite player SES signs on to FCC C-Band plan

Satellite service provider SES laid out plans to invest $1.6 billion in new kit, as ...

The Isle of Eigg and the possibilities of building a new economy

In 1997, the inhabitants of the tiny Hebridean Isle of Eigg finally succeeded in taking collective control of their island. Tensions had been running high for years: everything from the islanders' homes to their jobs to their electricity supply depended on the whims of the wealthy businessman who owned it. Sick of putting up with crumbling buildings while he took rich friends for picnics and jaunts in his Rolls Royce, they launched what today would be called a crowdfunder, and eventually raised enough money to buy him out.

EML Payments leads the insider selling

Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.

Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)

Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]

Africa: Building resilient economies through regional integration

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

SK Telecom: Still Waiting For Positive Change

SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa

McDonald's to reopen drive-thrus but with no breakfast items, no milkshakes and no wraps

LONG queues are expected next week when McDonald's reopens 924 branches across Britain and Ireland for drive-thru customers.

Masiyiwa pledges to coordinate Covid-19 supplies

Top Zimbabwean businessman Dr Strive Masiyiwa has pledged to coordinate the procurement and distribution of Covid-19 supplies by the private sector to unblock the supply chain.