Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Asian stocks pull back as Hong Kong uncertainty weighs

NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...

Asian shares slip as new Hong Kong tensions rise

Nikkei down 0.2%, ex-Japan Asian loses 0.3%.

Hong Kong unrest worries curb global shares rally

TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...

Asian shares slip as new Hong Kong tensions rise

Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.

Stocks, euro rise on massive EU stimulus plan

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Asian stocks pull back as Hong Kong uncertainty weighs

Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union

Boeing set to announce significant US job cuts this week: Union

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".

Boeing set to announce significant US job cuts this week

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

Boeing set to announce significant U.S. job cuts this week: union

WASHINGTON (Reuters) - Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.

Boeing set to announce significant US job cuts this week: union

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”

Boeing set to announce significant US job cuts this week

A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.

Stock markets mixed as China-US tensions return to fore

Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.

Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.  

Asian markets in retreat as China-US tensions return to fore

Markets are concerned about another flare-up in Hong Kong on a controversial security law

Stock markets mixed as China-US tensions return to fore

HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...

Global stocks mixed on unease over Hong Kong security law

Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s status as a global financial center. The…

Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

World economic prospects darken, rebound delayed: Poll

With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed – Poll

BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.

World economic prospects darken, rebound delayed: Reuters poll

Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...

Prospects for global economic recovery look bleak – Reuters poll

The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the

Oil prices slip on demand worries even as Covid lockdowns begin to ease

Brent crude futures fell 21 cents, or 0.6 per cent, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9 per cent, at $34.04 a barrel

Virus sparks record drop in energy investment – IEA

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

Virus sparks record drop in energy investment: IEA

The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.

Virus sparks record drop in energy investment: IEA

All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...

Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA

PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...

Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA

PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.

Global energy investment to drop by $400bn

An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.

Torstar to be sold, taken private in $52 million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Torstar to be sold, taken private in $52-million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

Media company Torstar to go private after sale to NordStar Capital in $52M deal

NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

HONG KONG/FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.

Volkswagen in final talks to seal top M&A deal in China EV sector: Report

The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan

Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector

The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV battery maker Guoxuan High-tech Co Ltd, the people said, adding both deals could be announced as early as Friday.

VW reportedly close to sealing biggest-ever deals in China's EV sector

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

Business Insider - This is what traders are talking about.. Read more at businessinsider.sg

10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

Business Insider - This is what traders are talking about.. Read more at businessinsider.sg

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.

Boeing slashes 12,000 jobs

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Boeing cutting more than 12,000 jobs with layoffs, buyouts

The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.

SpaceX’s moment of triumph arrives as astronauts ready for US launch

A new era in space begins Wednesday with the launch by SpaceX of two NASA astronauts into space, a capability that for six decades symbolized the power of a handful of states, and which the United States itself had been deprived of for nine years.

SpaceX's moment of triumph arrives as astronauts ready for US launch

A new era in space begins Wednesday with the launch by SpaceX of two NASA astronauts into space, a capability that for six decades symbolized the power of a handful of states, and which the United States ...

SpaceX's moment of triumph arrives as astronauts ready for US launch

A new era in space begins Wednesday with the launch by SpaceX of two NASA astronauts into space, a capability that for six decades symbolized the power of a handful of states, and which the United States itself had been deprived of for nine years.

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore

Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg

Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package

Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

How much will be enough when it comes to Canada's COVID-19 supply?

OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's. . .

How much will be enough when it comes to Canada's COVID-19 supply?

OTTAWA - A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail tha

How much will be enough when it comes to Canada's COVID-19 supply?

A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.

How much will be enough when it comes to Canada's COVID-19 supply?

A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that production will take place over the next year.

How much will be enough when it comes to Canada's COVID-19 supply?

OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis

On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported

Renault and Nissan rebuild their alliance to ride out the coronavirus storm

When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...

Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation

(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

G20 finance projects give $77 bn a year to fossil fuels: watchdog

Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .

G20 finance projects give $77b a year to fossil fuels: Watchdog

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

Group of 20 finance projects give $77 billion a year to fossil fuels

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore

Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.

Decline in China's industrial profits slows in April, outlook still gloomy

Decline in China's industrial profits slows in April, outlook still gloomy

Covid-19: China’s industrial firms profits fall in April but at slower pace

Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...

Renault and Nissan rule out merger

As they unveil survival plan.

Google to start reopening offices, targets 30per cent capacity in September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10per cent of their capacity beginning July 6 and scale ...

Google to reopen offices from July 6, will give employees working from home Rs 75K allowance

The tech giant will reopen at 10% of their capacity, and is targetting 30% in its offices by September.

Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September

Google had allowed their employees to work from home in early March. Alphabet Inc’s Google said on Tuesday it would … Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September Read More »

Google to start reopening offices, sees 30% capacity by September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 30% in September, if conditions permit. Google and

Google to start reopening offices, sees 30per cent capacity by September

Alphabet Inc's Google said on Tuesday it would start to reopen buildings in more cities beginning July 6 and scale up to 30per cent in September.

Tech selloff weighs on S&P 500, Nasdaq

Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.

S&P 500 rises on boost from bank shares

S&P 500 rises on boost from bank shares

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Nissan-Renault alliance to share more parts, technology

Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.

Coronavirus pushes number of S&P credit-downgrade warnings to all-time high

A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning.

Coronavirus pushes global credit rating downgrade threat to record high

LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.

Oil slides on US-China tensions, doubts about Russian output cuts

The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.

Oil falls on U.S.-China tensions over Hong Kong

Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09

Elon Musk's SpaceX raises US$346 million ahead of debut astronaut mission

Elon Musk's SpaceX said on Tuesday that it raised US$346.2 million in a new round of funding, a day before it launches two American astronauts to ...

Elon Musk's SpaceX raises $346 million ahead of debut astronaut mission

US Presid­ent Donald Trump will be among the specta­tors at Kenned­y Space Center to witnes­s the launch­

RBC profit falls 54 per cent

A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.

Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago

A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.

Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago

TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.

A Tech Billionaire May Find Use in a Cold War

Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.

Mukesh Ambani's Jio listing can profit from US-China tech war

Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore

Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Zoox hinted it's had interest from multiple buyers.

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.

Bharti Telecom sells 2.75% stake in Airtel

Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Airtel block deal: Now, Sunil Mittal’s telecom group looks to go debt-free after Mukesh Ambani’s RIL

Bharti Airtel’s promoter firm Bharti Telecom raised Rs 8,433 crore on Tuesday, selling 2.75% stake in the telecom major to institutional investors through an accelerated book building process in the secondary market.

BMO profits slide

BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.

Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee opened weak.

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

PARIS (Reuters) - Sanofi (SASY.PA) will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron (REGN.O), the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership

Apple to reopen about 100 stores in US, most with curbside pickup

CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...

Apple to reopen about 100 US stores, most with curbside pickup

Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.

Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years

(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.

Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years

'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore

Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus

The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.

CEO pay has topped $12.3M. Can it keep rising post-pandemic?

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe

CEO pay tops $12.3M

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.

Google to gradually return to work as Apple reportedly plans to re-open more stores | ZDNet

'Googlers' will get $1,000 to make work from home life more accommodating.

Google to begin reopening offices in July

The technology giant has said new health and safety measures will be in place to support social distancing.

Tesla to cut car prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned.

Tesla to cut car prices in North America, China

BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

Tesla reduces car prices in North America and China

Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.

Latam becomes largest airline driven to bankruptcy by coronavirus

NEW YORK, May 27 — Latam Airlines Group, the continent's largest carrier, filed for US bankruptcy protection yesterday, becoming the world's largest carrier so far to seek an emergency reorganisation due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America's...

LATAM becomes largest airline driven to bankruptcy by coronavirus

(Reuters) - LATAM Airlines Group (LTM.SN), the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.

Amazon may buy robo-taxi startup Zoox: Wall Street Journal

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal

Amazon may buy robo-taxi startup Zoox: WSJ

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal reported on Tuesday.

Apple’s iPhone 11 takes over mantle for most popular smartphone from XR

In the first-quarter shipments, iPhone 11 exceeds XR shipments by about 6m to reach 19.5m, Omdia says

Apple iPhone 11 most popular smartphone in 1Q20, says Omdia

In the contest to offer the world's most popular smartphone, it seems like the only competition that Apple has these days is Apple itself, according to Omdia.

Floor trading resumes at NYSE, with masks and plexiglas

New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.     

Floor trading resumes at Wall Street, with masks and plexiglas

Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

India Business News: Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

(Representative image) NEW DELHI: Equity indices finished higher on Wednesday with the benchmark BSE sensex rising nearly 1,000 points led … Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300 Read More »

Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

Sensex rallies 996 points ahead of F&O expiry; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60 duri

EU to unveil massive stimulus plan for post-coronavirus recovery

The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

SoftBank-backed Ola Electric buys Dutch scooter company Etergo

NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.

SoftBank-backed Ola buys Dutch electric scooter company Etergo

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on

Ola Electric buys Dutch scooter company Etergo valued at $92 million

Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.

Gold hits 2-week low on optimism around reopening of economies

Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.

Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses

Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses

Gold prices hit two-week low on optimism around reopening of economies

Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13

Gold prices hit 2-week low on reopening optimism

US gold futures were down 0.5 per cent to $1,697.60.

Stripe launches in five new European countries

Expansion, which is being led by Dublin office, means company now in 39 countries

Stripe expands in Europe, adding five more countries

Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.

Stripe Expands to 5 More European Nations

Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.

UK lockdown drives fastest growth in grocery sales for over 25 years

LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...

UK lockdown drives fastest growth in grocery sales for over 25 years

Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.

UK lends 18 billion pounds to small firms hit by coronavirus

UK lends 18 billion pounds to small firms hit by coronavirus

UK lends $22bn to small firms hit by coronavirus

LONDON: British small businesses have borrowed more than $22 billion under a government-guaranteed coronavirus credit program during its first three weeks of operation, outpacing bank lending under other schemes for bigger firms. The finance ministry offers banks a 100% credit guarantee on loans of up to 50,000 pounds under its Bounce Back Loan Scheme, after an 80% guarantee

Business rescue practitioners shut down SAA’s plans to fly again

South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.

Administrators rule out mid-June return for SAA flights

Without approval of practitioners, SAA announced its planes would be back in the skies.

What every Canadian investor needs to know today

A look at the morning’s market action

Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

Mega lockdown puts India's animal spirits to sleep in April

India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

The Reserve Bank of India expects contraction in the current fiscal year India’s economy was pushed into a state of … Virus Lockdown Put India Animal Spirits To Sleep, Signals Data Read More »

Administrators deny South African Airways set to start flying

JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.

South African Airways aims to resume domestic flights in mid-June

SAA, which is under a form of bankruptcy protection, suspended all commercial passenger flights in late March, when the government imposed one of the strictest lockdowns on the African continent.

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

Canada's main stock index recovered from early trading weakness Wednesday to move to its highest closing in nearly three months on the strength of the heavyweight financials sector.

Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

The euro-area economy is faring worse than hoped, facing a recession as bad as the European Central Bank’s more pessimistic forecasts.

Euro economy facing recession as bad as worst forecasts – ECB president

Christine Lagarde says estimates for milder slump ‘out of date’

The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock

Strength in the financial sector offset losses in the materials sector

Aston Martin poaches Mercedes-AMG chief Tobias Moers

German executive will replace Andy Palmer as the Gaydon carmaker’s CEO

Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down

Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the

Google faces antitrust case in India over payments app

The complaint alleges the US tech giant more prominently showcases its Google Pay app inside its Android app store in India, giving it an unfair advantage over apps of competitors which hurts consumers, the source added.

Google faces antitrust case in India over promoting payments app: Report

The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said

Google Pay Faces Case In India Over Unfair Promotion Of App : Report

The complaint says Google more prominently showcases its payment app inside Android app store in India

Google faces antitrust case in India over payments app

The complaint alleges the U.S. tech giant more prominently showcases its Google Pay app inside its Android app store in India, giving it an unfair advantage over apps of competitors which hurts consumers, the source added.

Heavy rains may mar quality of Ugandan coffee crop: official

The weather is not good for drying the beans.

Heavy rains may mar quality of Ugandan coffee crop: official

KAMPALA (Reuters) - The quality of Uganda’s coffee crop may decline in the coming months as heavy rains across the east African nation have reduced the amount of sunshine necessary for bean drying, an industry official told Reuters on Wednesday.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon in talks to buy driverless-technology startup Zoox

Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.

Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox

Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...

Hyundai Motor Group to get electric vehicle batteries from LG Chem

SEOUL (Reuters) - Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors has picked LG Chem as one of the battery suppliers for its upcoming new electric vehicles, a group spokesman said on Wednesday.

Hyundai Motor Group to get electric vehicle batteries from LG Chem

Details of the supply contract including the electric vehicle (EV) model and the full amount of the deal, which are yet to be decided, will be confidential, the spokesman said.

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

COVID-19 to accelerate digital adoption in India; Jio helped spur internet usage: Morgan Stanley

India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US. Morgan Stanley projected India's 670 million internet users to rise to 914 million by 2027 and online shoppers to jump to 590 million from 190 million in 2020.

Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

Updates from the world of economy, markets, and finance

COVID-19 to accelerate digital adoption in India

COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.

Stocks - U.S. Futures Higher Ahead of May Business Surveys

Stocks - U.S. Futures Higher Ahead of May Business Surveys

Airline debt could rise to US$550 billion by year-end: IATA

IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…

Airline debt to balloon by 28% - Heavy new debt levels will weigh down recovery

GENEVA - The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). $52 billion is from commercial sources including commercial loans ($23 billion), capital market debt ($18 billion), debt from new operating leases ($5

Samsung to sponsor esports company with gaming monitors

Samsung Electronics Co. said Wednesday it has signed a partnership with a global esports organization to boost its presence in the gaming monitor market. Samsung said it will sponsor its latest display products at T1 Entertainment & Sports (T1), a joint venture between South Korea's leading mobile carrier SK Telecom Co. and US entertainment firm Comcast Spectacor LLC. Under the partnership, T1 players will pr...

Samsung gets more sporty, ties up with Esports team

Samsung Electronics has signed a partnership with the global esports organization T1 (T1) to boost its presence in the gaming monitor market.

Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy

The Dow broke above 25,000.

Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide

The Dow broke above 25,000.

Dow Closes Above 25,000 For First Time Since March

The S&P also broke above 3,000, its best close since March.

Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

NSE Nifty fell 13.70 points.

Market Update: Sensex surrenders opening gains, drops over 60 points

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

NordStar Capital buys Torstar Corp. for $52-million

Transaction was recommended by a special committee of media company’s board of directors

Torstar to be sold, taken private in $52 million deal

Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million.

Exclusive: Chevron to cut up to 15% of staff amid restructuring

Exclusive: Chevron to cut up to 15% of staff amid restructuring

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings

Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before

Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings

The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.

The daily business briefing: May 27, 2020

Stocks rise after NYSE trading floor reopens, energy investment makes record drop due to coronavirus crisis, and more 

Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale

The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.

Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement

Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares

Why Kotak Mahindra Bank share price rose 8% today

Share price of Kotak Mahindra Bank rose up to 7.81% to  Rs 1,242.55 compared to the previous close of Rs 1,152 on BSE

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.

States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari

"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.

States should come forward with ₹20 tn to battle COVID-19 disruptions: Gadkari

More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with ₹20 trillion, while another ₹10 trillion can be harnessed from public-private investment, said Nitin Gadkari

Virgin Orbit analyzing data to find cause of rocket failure

Virgin Orbit engineers were analyzing data Tuesday to find out what caused the maiden flight of its air-launched satellite booster to fail.

Virgin Orbit analyzing data to find cause of rocket failure

Virgin Orbit engineers were analyzing data Tuesday to find out what caused the maiden flight of its air-launched satellite booster to fail.

Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks

The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).

Historic SpaceX launch delayed by poor weather about 20 minutes before takeoff

SpaceX's landmark launch to the International Space Station was postponed Wednesday due to poor weather with around 20 minutes to go until takeoff. The next launch window is on Saturday.

Electric vehicle makers battle the COVID-19 pandemic

Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.

Oil halts rally near $34 on signs of Russia easing supply cuts

Moscow wants to scale back output curbs in line with the OPEC+ deal

Musk's space mission to wave US flag

Standby. Ignition. Lift off!

Musk's space mission to wave US flag

Standby. Ignition. Lift off!

Sensex, Nifty Nifty Likely To Open Flat

At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

TikTok owner made over R52 billion net profit last year – Report

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

Tiktok maker ByteDance hit $3-billion in net profit last year

TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.

UAE markets open higher as trading resumes post-Eid

DFM investors cheer move to further resume economic activity in Dubai post-lockdown

Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine

Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine

Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech

Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech

India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report

India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report

Nasa puts SpaceX in control for first Cape Canaveral astronaut launch since 2011

Weather conditions look favourable as SpaceX looks set to become the first private company to put humans in orbit.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

Top 5 Things to Know in the Market on Wednesday, May 27th

Top 5 Things to Know in the Market on Wednesday, May 27th

Natural gas futures up 0.54% in evening trade

In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.

Silver futures dip 0.44% in afternoon trade

In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.

Crude oil futures up 0.62%, WTI trades above $34 a barrel

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.

Sensex, Nifty turn volatile; 10 things to know about today's trend

Markets were mixed overseas as investors fretted upon the rising geopolitical trade tensions between US and China. Markets have become volatile worldwide on the back of mounting fears over economic impact of coronavirus, suggest experts

Why U.S. energy CEOs will get big payouts despite oil meltdown

Why U.S. energy CEOs will get big payouts despite oil meltdown

Why U.S. energy CEOs will get big payouts despite oil meltdown

BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic

Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.

The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic

Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.

Shares in Latin America's biggest airline drop 35% after bankruptcy filing

SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...

Shares in Latin America's biggest airline plunge after bankruptcy filing

Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.

BPCL privatisation bid deadline further extended until July 31

While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.

Government extends BPCL bid deadline to July 31

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

3 China-Proof Stocks To Consider As Trade Tensions Reignite

Stocks Analysis by Investing.com (Jesse Cohen/Investing.com) covering: S&P 500, Electronic Arts Inc, Facebook Inc, Square Inc. Read Investing.com (Jesse Cohen/Investing.com)'s latest article on Invest

Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more

Here are the top 10 business headlines on Wednesday morning

S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19

Domestic stock markets soared more than 3 per cent on Wednesday backed by strong buying interest in banking stocks. The S&P … S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19 Read More »

Share Market Update: Sensex ends 995 points higher, Nifty at 9,314; Axis Bank, ICICI Bank top gainers

Stock Market LIVE Updates:

President Donal Trump to attend launch of NASA astronauts for the first time in nine years, from America

Astronauts Doug Hurley and Bob Behnken are scheduled to blast off on Thursday, 2.00 am IST from launch pad 39A from the Kennedy Space Centre.

Seoul stocks extend gains to third session on hopes of recovery

South Korean stocks finished a tad higher Wednesday despite escalating tension between the United States and China, as investors sought to scoop up bargains amid growing hopes of an economic recovery. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 1.42 points, or 0.07 percent, to close at 2,031.20, extending its winning streak to a third consecutive session. ...

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

Mexico's auto industry restart gathers steam, Ford still waiting

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...

Mexico's auto industry restart gathers steam as lockdown eases

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...

Kuwait's stocks reclaim some lost ground

But it will take a lot to head back after billions got wiped out in COVID-19 panic

Stocks in news: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others

Stocks in news today on May 27: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others are the top stocks to watch out for in Wednesday's trading session

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%

For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore

Nikkei pauses as profit-taking hits transport stocks

SYDNEY — Japan’s benchmark stock index Nikkei paused on Wednesday after hitting a 2-1/2-month high in the last session, as investors locked in profits from recent strong gains in transport companies.

India facing its worst recession in current fiscal: Crisil

India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday

India’s worst recession is here, says Crisil

CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.

Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%

Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.

Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.

India's Ambani prepares Facebook-backed unit for overseas IPO

Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering

India may need to pump $20 billion into coronavirus-hit state banks

The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review

Trade War 2.0 or worse? Trump strips Hong Kong of it's special trading status, dramatically escalating US-China tensions

In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.

Trade War 2.0 or worse? Trump strips Hong Kong of its special trading status, dramatically escalating US-China tensions

In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.

France unveils US$8.8b plan to revive auto sector through electric cars

ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...

Macron unveils US$8.8b French auto rescue, champions electric cars

ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an eight billion euro (US$8.8 billion) plan to revive France's auto ...

'Rally of hope': Why the S&P soared back past 3,000

Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...

Latam Airlines seeks bankruptcy protection as travel slumps

BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...

Banks, automakers drive European stocks higher, EU recovery plan awaited

European shares edged higher on Wednesday as investors focused on a fresh EU stimulus plan , but renewed U.

Musk's SpaceX set for debut astronaut mission, renewing NASA's crewed launch program

Ending the US space agency's nine-year hiatus in human spaceflight.

National Bank reports Q2 net income of $379 million, beats analyst expectations

National Bank of Canada's net income plunged 32 per cent in its second quarter as it put aside five times the provisions for credit losses than it did a year ago due to the economic storm triggered by the COVID-19 pandemic.

N.L. warns of exodus of oil and gas industry without more federal help

ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.

Nfld. warns of exodus

Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.

Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

RIL, ITC keep Sensex, Nifty under pressure; check what’s keeping investors edgy today

ITC, Reliance Industries, M&M, Asian Paints and Maruti Suzuki were among the top contributors towards today's fall

U.S. mortgage applications rise for sixth straight week

U.S. mortgage applications rise for sixth straight week

SBI cuts FD rates by 40 bps across all tenors. Check the new rates here

After the steep rate cut, SBI's 1 year to less than 2 year FDs will fetch 5.1 per cent, 3 years to less than 5 years will earn 5.3 per cent and 5 years and up to 10 years will earn investors 5.4 per cent.

SBI cuts fixed deposit rates by 40 bps; check out new rates

The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website

Boeing Slashes Over 12,000 Jobs, With More Cuts Coming

The cuts come as the commercial airline industry has seen a historic fall in demand.

Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts

The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.

BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.

Stocks in Focus on May 27, 2020 | Markets News

New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »

European stocks climb as investors eye bigger-than-expected EU stimulus plan

European stocks climbed on Wednesday, amid reports the European Union will announce a bigger-than-expected €750 billion stimulus program for the region’s...

Russia consumer demand drops, jobless jump in April lockdown

MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...

FACTBOX-Latest on the worldwide spread of the coronavirus

(Updates with fresh developments)May 27 (Reuters) - The Americas have emerged as the new epicenter of the coronavirus pandemic, the World Health Organization (WHO) said, as outbreaks accelerate in Peru, Chile, El Salvador, Guatemala and Nicaragua.DEATHS AND INFECTIONS* More than 5.6 million people have been reported infected with the novel coronavirus globally and 350,038 have died, according to a Reuters tally, as of 0920 GMT on Wednesday.* For an interactive graphic tracking the global spread, open https://tmsnrt.rs/3aIRuz7 in an external browser.

RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic

Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago

Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore

Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.

Italy's RCS says it may win damages in dispute with Blackstone after ruling

Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...

Blackstone risks paying damages in dispute with Italy's RCS

Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...

Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor

The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.

WTI stays below $34.50, prints mild losses in Asia

WTI slips from the daily high to $34.20, down 0.23% on a day, while heading into the European session on Wednesday. The barrel of black gold recently

Torrent Pharma slips 6% on profit-booking; outlook remains a concern

Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.

Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts

Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

NCLT approves IL&FS stake sale in GIFT City to Gujarat govt

That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group

Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news

Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.

Robinsons squash buoys Britvic as sales hit by pub closures

Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.

Robinsons squash buoys Britvic as sales hit by pub closures

Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.

Future Retail to raise up to Rs 650 crore to reduce debt

The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.

Future Retail to raise up to Rs 650 crore via NCDs to refinance debt

The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements

Future Retail Ltd gets approval to raise up to Rs 650 crore via NCDs

Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs

The nationwide lockdown announced from March 25 brought the entire economy to a standstill .

Sensex up 183 points, banking stocks rally | Markets News

New Delhi: Markets opened on a positive note led by rally in banking stocks. The BSE Sensex was trading 183.81 … Sensex up 183 points, banking stocks rally | Markets News Read More »

Stocks to watch: Deepak Nitrite, RIL, Sun Pharma, Titan, Tata Motors, Dabur

Here's a look at the stocks that may remain in focus today -

Reliance’s $7 billion rights rings in new trading venue in India

Reliances rights entitlement began trading on May 20 at 151.15 rupees.

Economy may contract by over 40% in Q1: SBI Research

SBI Research estimates the economy will contract by 6.8 per cent in FY21.

Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19

Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.

Rand falls as Sino-US friction dents risk appetite

At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.

Rand falls as Sino-US friction dents risk appetite

In line with its emerging market peers.

Rand falls as Sino-US friction dents risk appetite

The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.

Forex - Dollar Strengthens as U.S.-China Tensions Rise

Forex - Dollar Strengthens as U.S.-China Tensions Rise

First astronaut launch since 2011 still a go despite weather concerns

Weather conditions threatening to scrub the nation’s first astronaut launch in nine years are improving, NASA said Tuesday.

Nation's first astronaut launch since 2011 still 'go for launch' despite weather concerns

Weather conditions threatening to scrub the nation’s first astronaut launch in nine years are improving, NASA said Tuesday.

Stocks - Europe Pushes Higher, Expecting More Stimulus

Stocks - Europe Pushes Higher, Expecting More Stimulus

[BREAKING] COVID-19: Tesla Now Cuts Prices of Model Sedan Cars up to Lowest Price $37,000

Due to Coronavirus, a lot of businesses now offer discounts. And Elon Musk's Tesla might be one of them.

Do Uber, Ola's massive layoffs indicate they may be driving off the map?

600 staff lose Uber jobs days after Ola laid off 1,400 people. Means cab aggregators, propped up by investors despite losses, won't recover?

It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing

It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing

Beleaguered sterling heads into a perfect storm

Beleaguered sterling heads into a perfect storm

French economy to shrink by 20% in second quarter as recession deepens

France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…

Bursa Malaysia jumps higher after two-day break

KUALA LUMPUR, May 27 — Bursa Malaysia resumed trading on a higher note today after being closed for two days, as hopes for global recovery lifted the market sentiment. The local market was closed on Monday and yesterday for the Hari Raya Aidilfitri holiday. At 9.04am, the benchmark FTSE Bursa...

Bursa Malaysia ends firmer on buying support in index-linked counters

KUALA LUMPUR, May 27 — Persistent buying momentum in the index-linked counters, led by glove makers Hartalega and Top Glove, pushed Bursa Malaysia to end the day on a firm note, dealers said. After being closed for two days, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 114.97 points, or...

KL shares higher at mid-day buying support for glove makers

KUALA LUMPUR, May 27 — Bursa Malaysia ended the morning session on a high note today, on persistent buying support from the index-linked counters led by glove makers Hartalega and Top Gloves. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.45 points to 1,450.21 from 1,436.76...

Bank stocks rake in $17 billion as investors revel in recovery party

Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.

Bank stocks rake in $17 billion as investors revel in recovery party

Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.

Global spending on oil to drop by $1 trillion in 2020 says IEA

Investment in energy sector will see its biggest drop this year says the agency

China stocks fall on rising Sino-U.S. tensions, economic worries

SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.

Investor wealth surges by Rs 2 lakh crore as markets rally

Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.

EUR/USD Forecast: Looking for a Breakout

The EUR/USD exchange rate trades at 1.0975 at the time of writing, just on the cusp of the 1.10 barrier. Analyst and technical forecaster Richard Perry at Hantec Markets maintains a view that the Euro is looking to make a break higher

GBP/USD Forecast: Holding Support will be Key

The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher

Gold Price Forecast: New Trend Lower is Forming

Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend

Poor weather delays SpaceX launch at Cape Canaveral

The first launch of NASA astronauts from US soil in almost a decade has been postponed until Saturday afternoon, just a few minutes before the scheduled lift-off. Possible lightning strikes prompted the delay.

D-Street Buzz | Fertiliser stocks trade higher; Bayer CropScience, Coromandel International hit 52-week high

Coromandel International's consolidated net profit surged 96 percent year-on-year to Rs 235 crore in March quarter of FY20 against Rs 120 crore of the same quarter in the previous financial year.

COVID-19 impact | IDFC First Bank announces pay cuts for senior management

IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.

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

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

US dollar edges higher as US, China worries resurface

TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...

Day Ahead: Top 3 Things to Watch for May 28

Day Ahead: Top 3 Things to Watch for May 28

Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter

Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »

3 Reasons to Buy Stocks Right Now

Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.

Foreign direct investment dropped to $214.25m in Q1 – NBS

Nike Popoola Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019. The National Bureau of Statistics disclosed t...

Capital importation grows by 54% to $5.9bn in Q1’20

The value of capital importation into the country grew quarter on quarter (QoQ) by 54 percent to $5.9 billion in the first quarter of

Nigeria’s Q1 capital import hits $5,854.38m - The Nation Nigeria

Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics....

IndiGrid Q4 net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery

Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees. 

China traders buying Hong Kong stocks like never before

History shows mainland buying tends to pick up when Hong Kong shares drop.

Mukesh Ambani’s youngest son Anant Ambani on board of Jio Platforms; here’s what he had said about RIL

Anant Ambani, the youngest son of Asia’s richest person Mukesh Ambani, has formally joined the group’s digital venture Jio Platforms as an additional director.

Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share

The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.

Formula One team McLaren cuts 1,200 jobs, scales back racing wing as coronavirus crisis hit sales

McLaren is a grand name in British racing and the second-oldest team currently on the circuit, trailing only Ferrari in total number of wins.

All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

Kotak Mahindra Bank share price jumps 4% ahead of QIP launch; stock surges 20% from March lows

The board of Kotak Mahindra Bank had earlier approved a proposal to raise capital through a fresh issue of 6.5 crore.

Coronavirus pandemic | Confirmed COVID-19 cases in India cross 1.5 lakh-mark; death toll at 4,337

India is the tenth country to register 1.5 lakh or more COVID-19 cases.

Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.

Aditya Birla Fashion plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.

Reopening optimism fuels stock market surge

Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.

United Spirits Q4 down 57.8% to Rs 49.3 crore

The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan

ASX edges lower, even as investors pump $18b into banks

The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.

GRAINS-Corn up for 3rd session as U.S. planting lags expectations

SINGAPORE, May 27 (Reuters) - Chicago corn futures rose for a third session on Wednesday as U.S. planting progress dropped below market expectations.Soybeans ticked lower after a rally, although losses were curbed by strong Chinese demand.FUNDAMENTALS* The most-active corn contract on the Chicago Board Of Trade added 0.4% to $3.20-1/4 a bushel by 0040 GMT, having gained 0.7% in the last session.

GRAINS-Corn futures up for 3rd session as U.S. planting lags expectations

* Wet weather in U.S. Midwest slows corn, soybean planting pace* Forecast of lower Brazilian production supports prices (Adds details on Brazilian crop, quote in paragraph 3-4)By Naveen ThukralSINGAPORE, May 27 (Reuters) - Chicago corn futures rose for a third session on Wednesday as a slower-than-expected U.S. planting progress and a downgrade to Brazilian production underpinned the market.Soybeans ticked higher, a day after strong gains on support from Chinese demand.

Lab tester ALS eyes long-term COVID-19 test demand to drive growth

The $3 billion laboratory testing firm sees a "likely prolonged" impact from COVID-19 globally, and has stepped up work on surface testing products, which it sees in high demand as companies adjust to the new normal of the pandemic.

Ringgit strengthens against US dollar in early trade

KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...

Ringgit up against US dollar at close

KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...

Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital

The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends

SpaceX readies for blast-off with NASA astronauts aboard

NASA is finally ready to go – or as ready as they can be to strap two people on top of a 500-ton rocket filled with combustible fuel

Latest rate cut is adding to record corporate bond sales

Policy steps to channel more funds to smaller borrowers have struggled to gain traction.

4.75 crore Indian Truecaller data on sale for Rs 75,000? Company responds

As per a report coming from online intelligence firm Cyble, some personal data of 4.75 crore Indians have been put on sale for $1,000 (that roughly translates to around Rs 75,000) on dark web.

Data of 4 crore Indian users of Truecaller up for sale on dark web: Report

Cybercriminals have leaked personal data of over four crore Indian users of the Truecaller app on the dark web, according to recent reports.The leak has been detected by cybersecurity researchers at C

Ola Financial Services raises Rs 205 crore from Matrix Partners, others

Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.

Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners

Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.

‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world

Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.

Nokia shutters manufacturing plant as employees test positive for Covid-19

Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.

OPEC+ must plan exit strategy: Kemp

OPEC+ must plan exit strategy: Kemp

Gold price today: Rs 46,799 per 10 gm; silver at Rs 48,000 per kg

The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges

KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore

Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.

UCO Bank slashes lending rate by 40 basis points

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.

COVID-19 crisis | 'Massive increase' in youth unemployment, women particularly hard-hit: UN

The novel coronavirus pandemic has led to a surge in unemployment worldwide but it has hit young workers hard, the United Nations said on May 27, noting that more than one in six people aged under 29 were forced to stop working due to the COVID-19 crisis.

S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags

Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com

Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally

Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.

France GDP could fall 'around 20pc' in second quarter, statistics agency says

PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...

This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown

Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE

PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt

With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown,  Inox stock has lost 17.77% and PVR share price is down 39.20%

Samsung Galaxy S20 series reports disappointing sales in Q1 2020

Samsung has seen tremendous success with its Galaxy S-series of flagship smartphones so far and the Galaxy S10 launched last year was well-praised and reported good sales numbers for the South Korean giant. However, the new iteration in the lineup, the Galaxy S20 lineup, isn’t doing good as far as sales are concerned. Earlier this …

Toronto Star owner Torstar to be sold, taken private in deal worth $51-million

The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

Third Iranian Tanker Arrives in Venezuela Under Escort of Bolivarian Navy – Photos

The tanker is one of five Venezuela-bound Iranian vessels making their way to the Latin American nation to ease a gasoline shortage caused by crippling US sanctions.

Slack threatens Microsoft’s entire Office 365 empire: CEO

After claiming earlier this month that Microsoft Teams is not a real competitor to Slack, Stewart Butterfield, the CEO of the enterprise

Slack threatens Microsoft's entire Office 365 empire: CEO Butterfield

In a different universe where Slack is incredibly successful over the next two years and 98% of knowledge workers use Slack, says CEO Stewart Butterfield

After SEBI's push, companies report financial impact of coronavirus lockdown

SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses

Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month

In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.

Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year

Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.

'Catch-up rally': banks tower above the rest on ASX

The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.

Is Levi's Stock a Buy?

Stores are starting to reopen, and the stock is trading well off its recent highs.

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

LIC launches pension scheme with 10-year term policy for senior citizens

According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.

Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%

UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.

It’s Time to Take Ford Out to the Junkyard

Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.

Global energy spending to fall $400bn due to coronavirus crisis

IEA says investments in low-carbon technologies falling far short of climate goals

Nokia veteran Sari Baldauf takes over as 5G battle rages

Nokia veteran Sari Baldauf takes over as 5G battle rages

Tencent tests appetite for first dollar bond in more than a year

Wechat operator is offering a four-tranche deal.

With IPO, Warner Music Aims for Value Seen Rarely In the Music Biz

Until UMG follows suit, WMG will be investors’ only one-stop shop to invest in the streaming-boosted recorded music and publishing sectors.

States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings

The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.

iPhone 11 Was the Most Popular Smartphone for Q1 2020 – It Even Outpaced the iPhone XR

Probably thanks to its affordable price tag, the iPhone 11 became the most popular smartphone model for Q1 2020, even beating the iPhone XR

Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track

The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.

Majority of US small businesses optimistic in face of coronavirus pandemic, study says

The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

EU Has Bigger Problems to Worry About Than Gridlock Over Brexit

(Bloomberg) — When Boris Johnson boasted last year he’d got “Brexit done,” weary European governments were only too happy to go along with it.

Tom Cruise in space

NASA is rolling out the International Space Station’s red carpet for Tom Cruise to make a movie in orbit.

Short covering or a catch-up rally? What drove Sensex up 996 points

Among the blue chips, bank and financial stocks were in heavy demand.

Americas will be hardest hit by COVID-19 job losses: ILO

The Americas, meanwhile, had jumped from being the least affected region in labour market terms in the first quarter to being the most affected, with an expected 13.1 percent drop in working hours in the second, ILO Director-General, Guy Ryder, told a briefing.

SA Reserve Bank says lenders can handle coronavirus crisis

The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.

Sarb says lenders can handle coronavirus crisis

Although financial stability risks are elevated and the outlook is challenging, says governor.

Government proposal: MSMEs may seek own insolvency

Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are MSMEs.

The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business

The Federal Reserve’s next front in the battle to support the U.S. economy is to prevent millions of American small businesses from becoming the Achilles heel of the recovery.Fed Chairman Jerome Powell told the Senate Banking Committee last week that he’s concerned about America’s “jobs machine” -- its small and medium sized firms -- tipping into bankruptcy and destroying the “work of many families and generations.” If that happens, there will be fewer jobs when state governors declare it’s safe

Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely

Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.

Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms

For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.

Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today

NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.

Gaming Is a Billion-Dollar Opportunity for Amazon Stock

Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.

Euro Cracks 1.10. Are More Gains Ahead?

Forex Analysis by Kathy Lien covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Kathy Lien's latest article on Investing.com

Auto Trader to offer 25% discount as it starts trading from June 1

Auto Trader has said it will slash its prices in June as the Government allows car dealerships to open again.

Cong to launch 'SpeakUp' campaign to raise voice of poor, migrants, small businesses

The Congress will launch a 'SpeakUp' campaign on May 28 to help raise the voice of the poor, migrants, small businesses and the middle class people before the central government.

Better Malaysia's relationship with India may boost crude palm oil prices

The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants

Coronavirus outbreak: ICMR removes price cap of Rs 4,500 for COVID-19 tests

The Indian Council of Medical Research has removed the price cap of Rs 4,500 for the real-time polymerase chain reaction (RT-PCR) test used to detect COVID-19, asking states and the Union Territories to negotiate with private labs to fix 'mutually agreeable' rates for the test.

Small signs of normality returning to our town centres ahead of shops reopening

While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.

Mukesh Ambani-Led RIL Is Preparing For Overseas IPO Of Jio Platforms, Likely To Opt For NASDAQ: Reports 

Mukesh Ambani-Led RIL Is Preparing For Overseas Listing For Jio Platforms, Likely To Opt For NASDAQ: Reports

Eden Project considers new attraction in Dundee

The original Eden Project in Cornwall has attracted more than 22 million visitors since 2001.

Eden Project reveal plans for huge undercover rainforest visitor attraction in Dundee

THE Eden Project have revealed plans to construct a huge undercover rainforest in Dundee. The charity, Eden Project International, are exploring the feasibility of opening the new attraction in the…

Commentary: What a lousy time to graduate, what an unfair handicap for graduating students

This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.

Paytm allows Vodafone Idea feature phone users to recharge using UPI

Paytm said it has partnered Vodafone Idea and National Payments Corporation of India (NPCI) to allow feature phone users to recharge their numbers using UPI.

Top investor in Italy's Nexi cuts stake as M&A looms

MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.

Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

Vestapace to launch 35 satellites for 5G network in India, eyes commencing operation by 2021

Vestaspace Technologies founder and CEO Arun Kumar Sureban said a beta version of the next-generation satellite constellations is planned for September 2020, besides the launch of a fully operational constellation of satellites in early 2021 into 'Low-Earth-Orbit or Geosynchronous Equatorial Orbit'.

Startup says India will have 5G network by 2021, will launch 35 telecom satellites by this September

Vestaspace says it is in talks with the Department of Telecom for spectrum in 28 Ghz band for 5G operations.

United reshuffles management as it prepares for uncertain recovery

United reshuffles management as it prepares for uncertain recovery

Coffee, Cocoa Don’t React Much To U.S. Reopen As Consumption Takes A Hit

Commodities Analysis by Investing.com (Barani Krishnan/Investing.com) covering: Starbucks Corporation, US Coffee C Futures, Crude Oil WTI Futures, US Cocoa Futures. Read Investing.com (Barani Krishnan

A’s suspend minor leaguers pay, place employees on furlough

The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as

10-15% moderation in salaries not to impact lending practice: HDFC Bank

A pent-up demand for vehicles and social distancing needs, coupled with the introduction of digital inputs to manage customer journey by banks will lead to a faster uptick in auto sales, which were sagging before the lockdown and came to a standstill in the last two months, the bank's country head for retail lending Arvind Kapil said.

Refurbished, pre-owned smartphones rack up numbers as incomes shrink

Omni-channel goods resellers such as OLX, Quikr, Cashify and Yaantra are witnessing a flow in demand towards the organised refurbished and pre-owned smartphone market in just over a week of easing of lockdown restrictions.

SpaceX to launch astronauts

A SpaceX rocket is ready to boost two NASA astronauts into orbit today, the first launch of Americans from the U.S. in nearly a decade.

Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

How NASA’s astronauts became SpaceX’s customers | Honolulu Star-Advertiser

It took work across three presidencies, those of George W. Bush, Barack Obama and Donald Trump, but the United States is at last prepared once again, after nearly a decade, to launch American astronauts into orbit from American soil on an American-built rocket.

SAA can still be saved with funding - administrators

SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.

Working at the pace of change

Following the launch of tech firm TSG’s online portal to help Jersey’s care organisations order desperately needed PPE equipment quickly and easily, Ian Heath spoke to Andy Delaney about his team’s effort in the battle against the coronavirus pandemic

Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows

Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Banks surge in $17 billion catch-up rally

After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.

JSW Steel to achieve supply normalcy by June; demand revival to take much longer

JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May

There’s Far Less Bang in a Huawei Ban Now

New U.S.sanctions on China's biggest technology company will make its equipment less desirable anyway.

Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million

Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.

SpaceX passenger brought down to earth by tax evasion allegations

Japanese billionaire Yusaku Maezawa set to be company’s first space tourist

Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr

The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021

Oppo doubles down on mobile chip manufacturing efforts

Oppo, one of China's biggest smartphone manufacturers, is planning to invest more into in-house chip development.

Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results

Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19

Renault and Nissan scrap Ghosn strategy in move to slash costs

Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus

Nevada governor green-lights June 4 reopening of casinos; Las Vegas gets ready

Shut down by the coronavirus, casinos get the go-ahead to start business again with social distancing in place.

India’s GDP growth seen at 1.2% for Q4 Financial Year 2020

Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.

AS U.S. Reopens, Employees in No Rush to Get Work, Beige Book Shows

AS U.S. Reopens, Employees in No Rush to Get Work, Beige Book Shows

StockBeat: Banks Take up the Baton as Cyclical Rally Continues

StockBeat: Banks Take up the Baton as Cyclical Rally Continues

Oil crosses $35 on signs of improving demand - The Nation Nigeria

OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....

Titan dips 2% as Co gives biz update, defers launch of jewellery collection

Titan expects cash outflow to be recovered when sale of jewellery restarts

Tesla cuts car prices by up to $5,000

Its prices in China are also being reduced.

This Pidilite Industries-promoted stock has rallied over 100% in one month

Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE

British Land suffers £1bn hit from retail tumult

Property company dented by coronavirus impact and boom in ecommerce

ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion

It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.

Apple’s New iPhone 12 Is Going To Seriously Hurt Samsung

Apple's plans for the display on the iPhone 12 family is going to have an impact on Samsung.

Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years

Widespread unemployment could linger longer than expected and slow an economic recovery.

Using Scale-Down, Scale-Up Approach to Trade Natural Gas

Commodities Analysis by ETF Daily News (Andy Hecht) covering: Natural Gas Futures, United States Natural Gas Fund, LP. Read ETF Daily News (Andy Hecht)'s latest article on Investing.com

Covid-19 to drive €4bn loan losses in Irish banks

Pandemic will wipe out capital due to be returned to shareholders

COVID-19 here to stay till 2021, aggressive testing needed to curb its spread: Health experts

In an interaction with Congress leader Rahul Gandhi, health experts Professor Ashish Jha and Professor Johan Giesecke talked about the COVID-19 pandemic as part of the series being aired on Congress social media channels.

Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch

Record sale by value attributable to the high price of the metal in Indian markets.

Wall Street opens higher on recovery optimism

The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.

Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office

The finance sector has rolled out measures for workers as they gradually return to the office.

Petrol, diesel prices stable in Delhi, Hyderabad, Chennai, Mumbai - 27 May 2020

Petrol and diesel prices on 27 May 2020: Petrol and diesel prices have been stable at all major cities on Wednesday.

Pablo Escobar’s brother is suing Apple for $2.6B

Yep, it appears that Pablo Escobar's brother — Roberto Escobar — is suing Apple for $2.6 billion. Why? Well, it's all about marketing.

India loses crown to Indonesia as Honda’s biggest two-wheeler market

HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market

Coronavirus dents major business sectors' Q1 output

More than half of South Korea's 29 major business sectors suffered setbacks in output in the first quarter due to the new coronavirus outbreak, boding ill for their second-quarter earnings, a market tracker said Wednesday. CEO Score said aviation, smartphone, display and 14 other industrial sectors saw their production shrink in the January-March period from a year earlier. The aviation sector was hit hardest with ...

Privatisation of discoms an opportunity, says JSW Energy CEO

The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.

Glenmark gets USFDA nod to market generic drug for muscle pain

Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.

Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market

Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market

USD/CNY hits highest since September 2019 as US threatens sanctions

China's Yuan is taking a hit on Wednesday amid the dragon nation's rising tensions with the US and India. The USD/CNH pair is trading at 7.1565 at pre

Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei

KUALA LUMPUR (Reuters) - Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.

Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19

Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19

Queues and limited browsing in store for English shoppers

LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...

Crypto.com Expands Card To 31 Countries

i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.

Coronavirus in Oklahoma: Gasoline prices push higher as demand begins to return, AAA reports

Gas prices for drivers across Oklahoma and the nation climbed over the past week. Nationally, the average cost of a gallon of gasoline Tuesday was $1.96, while in Oklahoma, drivers were paying an average of about $1.63 per gallon for fuel, AAA officials said. About a week ago, the national average for a gallon of gas was $1.88, while Oklahoma drivers were paying about $1.55 a gallon. Tuesday’s per-gallon averages, while up, still are dramatically lower than they were a year ago (87 cents lower nationally, and 92 cents in Oklahoma). Indeed, drivers over the Memorial Day holiday enjoyed the lowest fuel costs seen over that period since 2003, officials said Tuesday.

Business will be the loser in the US-China fight

Both nations are indispensable, so companies face a two-track world

Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

Coronavirus pandemic | COVID-19 death toll in Delhi mounts to 303; highest spike of 792 cases

This is the first time in Delhi that over 700 COVID-19 cases have been reported in a day.

Warner IPO music to Blavatnik’s ears

Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.

Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake

The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.

Samsung Galaxy S20 shipments are way way down compared to Galaxy S10

New tracking data shows that the most popular Galaxy S20 device shipped far fewer units than the most popular S10, suggesting reduced sales too.

The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing

Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.

YouTube deletes comments critical of China’s communist party

YouTube has been deleting comments critical of China’s ruling party due to a software flaw, the company said.

Mercedes-Benz to introduce 10 new models in 2020, unveils two AMG models at ₹1.33 crore & ₹2.48 crore

These two are the additions to the Mercedes-AMG portfolio in India.

Mercedes-Benz launches AMG C63 Coupe, AMG GT R Coupe in India; priced at Rs 1.33 cr and Rs 2.48 cr

German luxury car maker Mercedes-Benz on Wednesday expanded its performance vehicle portfolio in India with the launch of AMG C63 Coupe and AMG GT R Coupe, priced at Rs 1.33 crore and Rs 2.48 crore (ex-showroom India, except Kerala), respectively

L&T delivers critical nuclear power plant equipment to global customers during lockdown

The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.

L&T Heavy Engineering supplied critical equipment to four countries during lockdown

Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline

Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc for delivery in May declined by Rs 2.80, or 1.74 percent, to Rs 158.05 per kg in a business turnover of 1,513 lots.

Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for May delivery traded down by Rs 8.50, or 0.92 percent, to Rs 920.40 per kg with a business turnover of 29 lots.

HDFC AMC marks down value of Essel Group NCDs by Rs 120 crore: Report

HDFC AMC had marked down Rs 120 crore due to the drop in share prices of ZEE and Dish TV, which were used as collateral by Essel group.

Titan Company shares down 2% as COVID-19 hits businesses

The company said the lockdowns posed challenges to all its businesses.

Rs 15,000 crore worth MoUs to be signed in TN today

Even before the lockdown could fully be lifted, Tamilnadu is today set to sign MoUs with multiple companies which are keen to invest in the State. Continue Reading →

TN inks mega investment pacts worth Rs 15,000 crore

Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →

Indian automakers bleed as lockdown continues, zero domestic sales in April

All major carmakers operating in India -- Maruti Suzuki, Mahindra and Mahindra, Hyundai, MG Motor and Toyota Kirloskar -- reported zero domestic sales in April, making it a washout for automakers in the country. 

Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20

Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.

'Mothership' office on horizon but don't write off London: Canary Wharf

'Mothership' office on horizon but don't write off London: Canary Wharf

Government ‘missed opportunity’ not saving company tax windfalls, Ifac says

Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years

ECB’s Lagarde ‘not overly concerned’ about new euro crisis

FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...

Tech reboot in store for EU as plans recovery from crisis

Tech reboot in store for EU as plans recovery from crisis

[Market Close-up] S. Korean stock market recovers faster than its global peers

Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...

Petronas eyeing India's ACME Solar assets worth Rs 450-500 crore: Report

Petronas will likely conduct the deal worth Rs 450-500 crore through its Indian arm Amplus Energy Solutions

Deepak Nitrite standalone Q4 net doubles to ₹116 crore

Deepak Nitrite Limited standalone net profit more than doubled to ₹116 crore for the quarter ended March 2020, as against ₹57 crore, in the corresponding quarter a year ago, indicating 104 per cent ju

Yuan slumps on Sino-US tensions

Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.

Big companies to get bigger after Covid: BofA Securities

The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.

After decade of work, Victoria firm submits lupus drug to FDA for approval

Victoria pharmaceutical firm Aurinia is one step closer to bringing to market its treatment for lupus nephritis after submitting a new drug application to the Food and Drug Administration in the . . .

Sell Thyrocare Technologies; target of Rs 307: Prabhudas Lilladher

Prabhudas Lilladher is bearish on Thyrocare Technologies has recommended sell rating on the stock with a target price of Rs 307 in its research report dated May 27, 2020.

Step up your no-deal Brexit plans, EU tells banks in Britain

Step up your no-deal Brexit plans, EU tells banks in Britain

CATL explores new EV battery services, to add capacity: chairman

BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.

Cancelled Hopes

As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business

Covid supports to continue beyond 8 June - Taoiseach

Taoiseach Leo Varadkar has said the Government is not considering cutting the €350 a week Pandemic Unemployment Payment (PUP) for someone who was working full time on minimum wage before the Covid-19 emergency.

Construction at lowest level since 2010

While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.

Hammerson boss quits weeks after group loses €449m deal

The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.

Annoying Security Line At Charlotte Airport Is Maybe A Good Sign For American Airlines

A video of a long security line at Charlotte Douglas was posted on Twitter Monday. On the negative side, the line recalled all the inconveniences of packed airports. On the plus side, same thing.

Three Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop

Bitcoin has been subject to troubling price action over the past week.

Experts seek review, sustainability measures as airports reopen Friday

Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability

US shoppers to be wooed back with steep discounts

Retailers including Macy’s prepare for sales after writing down value of merchandise

Digital strategies key for retail to survive a shifting consumer landscape

The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.

Digital strategies key for retail to survive a shifting consumer landscape

The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.

NASA astronauts go back to the future with capsule launch | Honolulu Star-Advertiser

CAPE CANAVERAL, Fla. >> It’s back to the future as NASA astronauts launch again from the U.S. — aboard a retro-style “Right Stuff” capsule.

Walmart teams with ThredUP to sell used clothing online

NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.

Woolworths targets online as shoppers take to food delivery service

Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.

COVID-19 impact| Radio industry sees 85% revenue decline Y-o-Y: Elara Capital

Association of Radio Operators for India (AROI) had written to the government urging for an economic survival package for FM radio.

TikTok revenue surged during the lockdown, setting new record in April

It's become apparent that TikTok is one of the fastest growing apps in the social media space, with China, India, and the US as its primary growth hotspots. According to a new report from SensorTower, the app and its Chinese…

Covid-19: Catch up to trend-GDP difficult in three years

However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.

Boeing’s India operations to be largest outside US

India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component

Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair

Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.

Abe Cabinet OKs another ¥117 trillion package to fend off COVID-19 fallout

The new package is aimed at further shoring up steps to help individuals and companies that are financially struggling due to the coronavirus.

Private jet demand rises as wealthy Russians spend lockdown in West

Passengers are heading for countries such as Britain and Cyprus where they own property, have residency rights, sometimes thanks to holding dual nationality, or have close relatives, according to industry sources.

Cognizant offers voluntary separation package for US staff as Covid hits biz

New Jersey headquartered Cognizant has announced a voluntary separation package (VSP) for its US employees. Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects.

Cognizant offers voluntary separation package to 400 mid, senior managers

Move aimed at IT services major’s US employees

Good Works: Tencent and Universal Team Up on Charity PPE Distribution

In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.

Report: Quibi advertisers look to defer payments following disappointing launch

If you’re unfamiliar with Quibi, it’s a $4.99 per month subscription-based streaming platform packed with scripted and unscripted content that runs from around seven to ten minutes. It managed to attract plenty of big-name stars for its launch slate, including…