Economy 1141
Here’s the key to constructing a portfolio for what comes next
Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective
HSBC board rethinks overhaul and seeks even sharper cuts
More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs
View: China's crypto is all about tracing — and power
Digital yuan trials are taking place just as Covid deepens mistrust with the US.
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Brand loyalty no more? Regional brands take larger pie in times of Covid
Local products gain market share as bigger FMCG companies struggle with supply chain issues
Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days
Trade body advises members to only export to countries which have announced stimulus
Malaysia Productivity Corp urges regulators to utilise Unified Public Consultation portal during CMCO
KUALA LUMPUR, May 25 — Malaysia Productivity Corporation (MPC) is urging all government ministries and agencies to utilise the Unified Public Consultation (UPC) portal to continue to maintain their stakeholder engagements especially during the conditional movement control order (CMCO) period....
The social enterprise at work: Paradox as a path forward
Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years With COVID-19 creating urgency around workforce reinvention, it’s clear that while organizations have doubled down on investments in technology over the past decade, many have […]
German gov't to climb aboard at Lufthansa in virus rescue
(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.
Vedanta’s delisting plan: What choice do shareholders have?
The price of ₹87.5 per share indicated by the company may be too low; but investors have the choice of placing their bids higher
Germany mulls €50,000 a month for stricken firms
FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...
Shareholders set agenda for new SEC management
SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b
This Australian founder made $25 million from the COVID-19 pandemic
Jeromy Wells, the chief executive and founder of listed cloud communication platform and workflow software company Whispir, denies COVID-19 is the best thing that has ever happened to him.
Debt of consumer discretionary firms faces a downgrade
Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.
Reverse migration can spur housing demand in tier 2 and 3 cities post COVID-19: ANAROCK report
One significant trend may be reverse migration spurring housing demand in Tier 2 & 3 cities, says the ANAROCK report.
Whether To Give Up Dumpster Diving
I discuss the news that Tuesday Morning could file for bankruptcy this week. I reflect on the prospect of quitting 'dumpster diving.' I share a painful lesson o
JobKeeper fuels 'major hunger' for new sneakers
Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.
We’re evaluating new food trends that gained momentum during lockdown: ITC’s Hemant Malik
Significant uptick in essentials; salience for larger-size packs
ACTU lays out demands for Virgin bidders
With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.
Square: Soon To $100/Share And Beyond
Square's Cash App has seen explosive growth, expanding its ecosystem of services. My discounted cash flow valuation model suggests that shares have further upsi
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
Consumer Confidence Inches Higher in Canada, Except for Housing
Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.
The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.
The American food supply chain from meat processing plants to fast-food chains relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.
Flash Australia PMI Signals A Further Slump In Business Activity During May
Flash Australia PMI at 26.4, signalling another steep decline in business activity. Slumping demand accompanies the fall in output. Job losses continue at marke
Hoggets bear brunt as factories slash sheep prices
Last week those in the trade were beginning to speak about factory prices being “on a knife edge”. By yesterday morning quotes for spring lambs had been pared by 10c/kg.
Swiss National Bank Acquires 69,600 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)
Swiss National Bank increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,875 shares of the casino operator’s stock after purchasing an additional 69,600 shares during the period. Swiss National Bank owned […]
Southbank Centre at risk of closure until April 2021 due to financial pressure
The arts organisation has called for further Government support.
NCDEX launches agriculture index futures, trading to start on Tuesday
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
100 High Yielders Down Big: These 4 Are Worth Considering
While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc
Clubhouse: Silicon Valley Perks Up Its Ears for Buzzy Audio Chat Startup
It’s a secret, almost. But Silicon Valley is buzzing over a new audio-chat social network which is struggling to keep … Clubhouse: Silicon Valley Perks Up Its Ears for Buzzy Audio Chat Startup Read More »
What Investors Can Learn From Sears And J. C. Penney
History often does repeat itself. Being innovative matters now more than ever as America reopens. The J. C. Penney and Sears experiences can inform investors lo
Indonesia looks to domestic innovations to tackle COVID-19
Indonesia is striving to tackle the COVID-19 outbreak with domestically produced innovations, but researchers say the government may face roadblocks in the mass production of such products because of the absence of pro-innovation policies.
In China's auto market, worries grow that cashback deals and gifts presage damaging price war
Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...
Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares
Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof
The artisans behind Italian fashion tremble at their future
Until recently, some of most intricately embroidered fabrics in the world, like those found in garments designed by Giorgio Armani, Valentino, Etro and Prada, have come out of a duplex apartment complex in Milan, the home of a small business called Pino Grasso Ricami.
GBP/USD: All ears to the ground for Brexit themes ahead of June 30
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis
V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.
Canada Revenue Agency extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Payments for CERB top $40-billion as feds open doors for commercial rent help
Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday
Coronavirus: Superannuation accounts drained of $13.2b as people look to meet living costs
Industry leaders warn it comes with a hefty price tag.
Law firms, retailers pull bids for COVID-19 award changes
Employers and unions call time on new award flexibility deals to save jobs in response to the coronavirus shutdown, as restrictions continue to ease.
Most agritech start-ups have seen a V-shaped recovery: Omnivore’s Kahn
Omnivore, the largest agritech-focussed venture capital firm in the country, has continued to make fresh and follow-up investments in two dozen Indian startups despite the crisis triggered by the Covi
On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures
Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.
Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets
Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
European regulators to take closer look at Air Canada-Transat deal
TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.
USD/BRL: Political headwinds facing the real – CIBC
USD/BRL continued its upward trend, approaching the 6.0 mark. Luis Hurtado from CIBC Capital Markets sees political tensions and a dovish BCB to weigh
When is the German IFO survey and how it could affect EUR/USD?
The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p
Bayer says it makes progress in settlement talks over weedkiller
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling
A longer JobKeeper will keep people in fake jobs
Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.
Hong Kong shares ease on China-U.S. rift, dollar firms
SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Meet Cyrus, who wants to own Virgin through the virus and beyond
Every good auction needs a smokie.
German business morale rebounds in May as corona restrictions are eased
The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.
Still A Lot Of Value In Corporate Bond Market
Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev
Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2020 Update
Glenn Greenberg’s 13F portfolio value decreased from $1.89B to $1.74B this quarter. Brave Warrior Advisors added HCA Healthcare and increased Anthem while reduc
US tech execs have dumped $3.6 billion in company stock this month
Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.
Digitex Futures Integrates Chainlink’s On-chain Price Oracles for Added Transparency and Reliability
Digitex Futures, the DGTX token powered, zero-fee cryptocurrency futures trading platform has announced a partnership with Chainlink to integrate the latter’s d
CBIC clears Rs 11,052 cr GST refund claims since April 8
The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.
Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief
In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.
Atlassian: Recent Rise And Premium Valuation Put Me On Sidelines For Now
Atlassian reported a strong Q3 earnings with revenue growing 33%, well above expectations for only ~28% growth. However, management provided Q4 revenue guidance
CREDAI seeks restructuring scheme to revive realty sector
Also wants new home loans extended at 5% rate of interest
M&M organises service support for its vehicles on essential services
Also comes up with finance schemes for frontline staff
Americans Are Rushing To Book Vacations In Re-Opened States
The uptick is also good news for the states, as taxes from these rentals can be a large revenue source for states
Activists, writers urge PM to impose 2% wealth tax on the richest 1%
A host of activists and writers have petitioned Prime Minister Narendra Modi requesting him to impose “2% wealth tax on the richest 1% of the country” to fight COVID-19 pandemic. The signatories inclu
BTC Dominance Signals Abrupt End to Crypto Altcoin Season
Altcoins across the crypto market may be seeing a pullback according to a buy setup on BTC dominance charts signaled by the TD Sequential indicator.
Bigger payouts for Covid beneficiaries could end up benefitting everyone
There's more to the finance minister's controversial move than meets the eye, argues Max Rashbrooke. If you’re a current beneficiary, I can see how it looks like a slap in the face. Finance minister Grant Robertson yesterday announced that people rendered unemployed by the coronavirus will receiv
Business sentiment rises but Covid-19 concerns persist
‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland
Capex preview
Via the excellent Gareth Aird at CBA:
One of New Zealand's largest media organisations is being sold for just $1
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.
Another Digital Bank to Launch in the Philippines, as Government Aims to Offer Virtual Banking Services to Filipinos Working Abroad
An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed
Globalfoundries to implement ITAR and strict security assurances at New York fab
Globalfoundries has announced plans to implement export control security measures at its most advanced manufacturing facility, Fab 8, in Malta, New York. GF will bring its Fab 8 facility into compliance with both the US International Traffic in Arms Regulations (ITAR) standards and the Export Administration Regulations (EAR), making the company the most advanced ITAR foundry in the country.
Cities and the coronavirus
Economic revival strategies and welfare measures must keep the urban dynamics and complexities in mind
Rural job crisis ‘deepens’
Unemployment rate increases to 25 per cent from 22 per cent
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Transat extends Air Canada takeover timing following European regulatory review
TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.
Quarantined investors create ‘perfect storm of stupid’ (Plus, a TSX stock skyrocketing on the shift to remote working)
A roundup of investment ideas for active investors
Coronavirus impact: Will video on demand replace theatres?
The last one week has seen a heightened row between multiplex owners and film producers in India, when the latter decided to release their upcoming releases on VOD platforms
Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact
Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over
COVID-19: Dubai Tourism, stakeholders discuss strategies for industry revival
Emirates commenced passenger flights between Dubai and nine destinations from May 21
Bank of Canada head: inflation could return to target more slowly
Bank of Canada head: inflation could return to target more slowly
EU-Startups Job Board: 5 exciting startup jobs waiting for you in sunny Spain
With many Spanish cities now in phase 1 or phase 2 of the ‘de-escalation’ of the quarantine, many more startup jobs and opportunities are opening up. The EU-Startups job board, which we just relaunched, is proof of this, having received a small influx of jobs the past few days. Whether you’re a m
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Education in a self-reliant India! Best teachers cannot always reach grassroots, digital content can
The proposed reforms could lead to a positive shift in the quality of education. Currently, even though we live in an era of online education, digital accessibility is an issue.
Global shares rise on hopes for economies' gradual reopening
Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
China Will Use Its Digital Currency To Compete With The USD
Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.
Here are the key challenges and scary facts confronting young people
Without a doubt, there will be more over-qualified job seekers and graduates going after fewer available job vacancies due mainly to automation and ageing population. As a result, more young people especially will increasingly be forced into spending more time in higher education.
RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
HomeCapital gets fresh funding from Varanium NexGen, others
Startup helps homebuyers with a down payment assistance programme
Bharti Telecom to sell $1 bn stake in Airtel
Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.
Covid-19 gulps EABL profits down by all of $28.7m
The brewer issued a profit warning following Covid-19 regulations to close bars.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Deploy Bear Call Spread strategy in Nifty as weakness expected to continue
Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.
Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr
Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.
If you invested R100 in these companies on 1 January 2020, here is how much you would have today
Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.
Air Canada to increase service to 97 destinations this summer
The figure is less than half the number of destinations the carrier served last summer…
Why Orange Juice Sales Are On The Rise
For consumers who prefer to skip juicing an orange and fighting with the pulp in their kitchens, bottled orange juice is an easy and safe alternative. However, during the coronavirus outbreak, sales of orange juice are not increasing because of shoppers' desire for convenience.
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
F1 News: Aston Martin set for first major change since Stroll takeover
Aston Martin looks set to make its first major management change since the arrival of investor Lawrence Stroll earlier this year, with CEO Andy Palmer tipped to be replaced
Tech and property upgrades on the way for Victorian kinders to support three-year-old roll out
Kinders throughout Victoria have been invited to apply for grants for facility upgrades and the purchase of new technology to prepare them for the roll-out of funded universal Three-Year-Old Kindergarten, the Victorian Government announced late last week.
All About The Bitcoin Halving
Bitcoin just underwent a halving, the third in the cryptocurrency's history, on March 11. Every transaction in the entire history of Bitcoin is recorded on ever
Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.
1.52L students avail CM Medhavi Vidyarthi Yojana
About 1.52 lakh students are on the verge of becoming doctors, engineers, lawyers, architects, business managers etc by availing the Mukhya Mantri Medhavi Vidyarthi Yojana launched in the academic session 2017-18 by Chief Minister Shri Shivraj Singh Chouhan to remove the financial difficulties
China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19
China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.
How to build an emergency fund
The financial problems caused by the pandemic has made everyone realise the importance of maintaining an emergency fund
Aston Martin's chief to leave as a part of shake-up
GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...
Corporate governance: SBI weighed down by its own laws, says IiAS
The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.
Finances And Coronavirus: Threats And Opportunities In Lockdown Era
The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term
Chocolate company adapts to new normal
A restructure in the wake of Covid-19 has put Jim O’Malley back at the helm of Dunedin chocolate-maker Ocho. Before the outbreak, Ocho was...
Mall REITs - Under Threat From The Lockdown Flight To Online Shopping
Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.
Active Ethereum Wallet Count Has Grown 350% Since 2018; What This Indicates
There is one key data metric suggests that Ethereum has built immense underlying strength over the past couple of years.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Germany set to take Lufthansa stake in landmark $9.8-billion bailout
The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.
To consumers, Malaysia’s CPI deflation a sign of pandemic hardship
KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...
Chinese Congress Reviews National Blockchain Fund Bill
A bill to create a specialized national blockchain fund was submitted to China's congress during the annual 'Two Sessions'.
Virus vaccine maker's bubble bursts after stock crashes
The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.
Delhi's peak power demand reaches season's highest, 56% more than April
Delhi witnessed a peak power demand that reached as much as 5268 MW on the night of May 24.
Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery
In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist attacks.
Millions of trees to be planted after bushfires
The plan is to get state-owned pine plantations back to pre-bushfire levels of stocked trees within a decade.
India may register recession in third quarter of this fiscal: Report
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
Two more resource sector raisings out of Canaccord
It's a busy morning for small and microcap resources investors.
AUD/USD snaps two-day losing streak to extend recovery above 0.6500
AUD/USD remains modestly positive around 0.6540/45, up 0.11% on a day, amid the Asian session on Monday. Although the US-China tension keeps Aussie bu
For hard-pressed savers, it's like setting your banknotes alight . . .
Do you know the difference between saving and investing? One means you are probably losing money, the other means you could be gaining.
Watch | What are the benefits of GI tags and how are they awarded?
A video explaining the benefits of GI tags and how they are awarded
Moody’s: Pressure keeps rising for Apac companies as coronavirus impact becomes clearer
KUALA LUMPUR, May 25 — Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (Apac) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies’ credit quality have...
‘Never waste a crisis’: inside Saudi Arabia’s shopping spree
The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles
Paper cone, tube manufacturers in dire straits
The paper cone and tube manufacturing sector has been in trouble since the end of 2019.KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and fallin
Oil price rebound improves investors’ patronage, lifts index by 5.59%
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...
Book sales soar as French lockdown eases
Even so, overall, sales were 60 percent down compared the corresponding period in 2019.
$26M for city staff payroll
The City of Vernon has disclosed its council and staff payroll for 2019, showing over $26 million in total payments for the last calendar year.
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao
Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o
Nigeria's economy grows by 1.8% in first quarter of 2020
It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.
Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan
The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.
S&P 500: The market ended on a positive note in 17 of the past 23 presidential election years – Charles Schwab
Interest in the next presidential election and its potential impact on the market increases exponentially as we approach Election Day. While the outco
Asian shares tick up, eyes on China-US trade relations
Analysts expect trading to be subdued with United States and UK markets shut for public holidays.
Chinese Tech Giant Criticizes US for 'Politicizing Business'
One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent
Last Chance To Board The Microsoft Train
Microsoft trades near all-time highs and this may have investors wondering if the stock is still a good buy. Through our DCF valuation, we propose two scenarios
Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline
Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.
COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience
The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing.
Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report
The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »
Eir sells its towers for €300m
Eir, the country’s largest telecoms provider, has sold its tower infrastructure company to Phoenix Tower International for €300m.
German economy starting to see light at end of tunnel - Ifo economist
BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.
Walmart - Impressive, But Not Impressive Enough
Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d
German IFO’s Economist: Economy sees light at the end of the tunnel
Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad
ITC to acquire spices maker Sunrise Foods
The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.
Huawei seeks stable supply of memory chips as US pressure grows
Huawei has asked Samsung Electronics and SK Hynix for a stable memory chip supply despite apparently mounting pressure from the US to isolate the Chinese telecommunications company.
Slump in consumption, exports push Germany into recession in Q1
A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.
How The Stage Was Set For The Pandemic’s Great Digital Shift
The pandemic has spurred a great shift to digital, but the foundation was already in place, underpinning consumer behaviors that seem poised for permanence.
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50,000
When my wife and I bought our home about three years ago, we were thrilled to just be approved for a loan. As a newly self-employed writer, we definitely had to jump through a few hoops to buy our home despite credit scores above 800.
Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Business Insider - Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.. Read more at businessinsider.sg
EU must present united front to shield pandemic-hit banks: regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority
Ikea introduces new shopping rules as 19 stores reopen to the public
The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach
Aigen Investment Management LP Sells 75,814 Shares of Marathon Oil Co. (NYSE:MRO)
Aigen Investment Management LP trimmed its position in Marathon Oil Co. (NYSE:MRO) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,780 shares of the oil and gas producer’s stock after selling 75,814 shares during the period. Aigen […]
Hospitals flush with cash got billions in coronavirus bailouts
The feds have given more than $5 billion in grants to 20 big hospital chains that already had more than $108 billion in cash.
Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'
Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.
Bithumb Names Back Young Heo as Its New CEO
South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO).
USD/MXN: Slight relief for the peso – CIBC
The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys
Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'
Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.
Atlassian has released its COVID-19 survey to the public, as it encourages other organisations to use surveys to find how workers are coping with the pandemic
Software giant Atlassian has been using an internal survey tool to help determine how employees have been feeling as they work from home during the coronavirus pandemic. The survey has helped the company see what its workers need and what it can do to support them.
New 'ShopKiwi' website encourages shoppers to support local businesses
The website offers free sign-up for NZ owner-operator businesses.
Crowdfunding projects help virus-hit businesses in Japan
Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.
UoN to get lion’s share of Sh6.6bn salary raise
Parliament approved the payment in a supplementary budget last month.
How to find out when your home will be worth £1million
Zoopla has a calculator which will tell you which year your property's value will hit the million pound mark
Tokyo stocks rally on hopes for economic restart amid pandemic
Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…
Asian stocks subdued after China imposes new law on Hong Kong
Global financial markets already struggling to deal with huge economic uncertainty
Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief
Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment
Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member
New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...
Day-to-day banking proving to be a struggle for some isolating seniors
When banks temporarily closed hundreds of branches in response to COVID-19, many seniors found themselves unable to pay bills, withdraw cash for groceries and manage their account balances
Health products get a boost as desis look to build immunity
India Business News: As the coronavirus pandemic rages, health has become an important element even in food and grocery items. Indians are warming up to the idea of buildi
New emissions blow for VW as German court backs damages claims
FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
The coronavirus pandemic has disrupted the management-consulting industry.
German govt to climb aboard at Lufthansa in virus rescue
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...
Robot barista helps South Korean cafe with social distancing
A new robot barista at the cafe in Daejeon, South Korea is courteous and swift as it seamlessly makes its way toward customers.
Could now be a good time to buy a house? Suffolk housing market after coronavirus explained
A leading Suffolk estate agent has explained why now could be a good time to buy a house for some people – but has warned that, for others, things could be more difficult.
Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market
Unlike many other Russian O&G companies, Surgutneftegas decided to cut its dividends. Earlier, the company's earnings for 2019 crashed by 8 times. From this per
The World's 10 Richest Cities
The U.S. is home to six of the 10 richest cities in the world, according to data on the global wealth population.
Merger Arbitrage Analysis And Spread Performance - May 24, 2020
ForeScout Technologies declines following the accusation of a MAE and subsequent legal action. COVID-19 forces investors to reanalyse merger arbitrage risks. Av
Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors
Bitcoin was trading in positive territory this Monday after closing its last week in severe losses.
Need to adopt AI aggressively to ensure inclusive development in corona-hit world: Ravi Shankar Prasad
India Business News: Emphasising that the government’s Aarogya Setu app protects individual user’s privacy, Telecom and IT Minister Ravi Shankar Prasad said on Monday that
1,396 Shares in Mercadolibre Inc (NASDAQ:MELI) Purchased by Fiera Capital Corp
Fiera Capital Corp acquired a new stake in Mercadolibre Inc (NASDAQ:MELI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,396 shares of the company’s stock, valued at approximately $682,000. A number of other hedge funds also recently modified their holdings of the […]
The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you., Business Insider - Business Insider Singapore
Business Insider - The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.. Read more at businessinsider.sg
CFTC Positioning Report: EUR net longs at multi-month lows
These are the main highlights of the CFTC Positioning Report for the week ended on May 19th: Speculators trimmed their net longs in the euro to the lo
Japan will aim to shore up travel demand from late July
The government will carry out support measures to shore up demand in the travel and restaurant industries hit hard by the coronavirus pandemic, starting la
Suzuki has launched the 2020 GSX-R125 in Japan
Suzuki GSX-R125 has been launched in Japan at a price of 393,800 yen which is roughly Rs 2.77 lakh.
Oil steadies as demand uncertainty tempers supply cuts
Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT
Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus
A customer wearing a protective mask enters an internet cafe at night in the Shibuya district of Tokyo, Japan, on … Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus Read More »
Southbank Centre at risk of closure until April 2021 due to financial pressure
The arts organisation has called for further Government support.
Nearly 10% of Bitcoin’s Current Supply is Dormant; Why This Matters
Data shows that Bitcoin may also be scarcer than previously thought, as 7.78% of the current BTC supply hasn’t been moved in over 10 years.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.
Segalink moves to help investors recover their debt from Wale Jana
Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he
Transat extends Air Canada takeover timing following European regulatory review
In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.
EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th
BT Buzz: Bike rentals back in vogue as Vogo, Bounce regain 30% of pre-COVID business
To retain and sustain this demand, bike rental start-ups are emphasising on two things - one, change in business model, and the another, focus on sanitisation
Centre’s Covid response ticks all boxes
The stimulus package addresses demand and supply issues, while boosting production to help India be part of global supply chains
Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19
TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...
Best month for Brent in 21 years overshadows US-China feud
Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...
Volkswagen loses landmark German case as diesel owners stand to receive damages
The ‘dieselgate’ scandal has so far cost Volkswagen more than $32.7 billion in damages and regulatory fines
Canada’s arts sector needs transformative action similar to Works Progress Administration
With Canadian federal, provincial and city leaders enjoying some of their highest approval levels, the time is right for an arts renewal
Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut
The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances
Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy
RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.
USD/JPY: Downside potential is limited
The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer
Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks
This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d
COVID-19: Is this the end of the road for Renault?
Pandemic puts the French brand's 122-year history at stake...
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
Andy Palmer to quit as Aston Martin CEO after shares plunge
Will be replaced with Mercedes-AMG CEO Tobias Moers
Govt Should Delay Road Tax Increase Due To Economic Crisis
“The Government should delay an increase in road user charges scheduled for 1 July this year,” according to ACT Leader David Seymour.
Toot toot! Afterpay runs into index day
Beware the Afterpay train this week.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that . . .
New Zealand's largest media company being sold for just $1 to its CEO
Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge
Nasscom for policy tweak to enable longer work-from-home scenario
Nasscom has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees' homes.
Office supply wholesaler Spicers Ireland is rescued from liquidation
The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent
Builders push for $40k home buyer grant to stave off construction crisis - but Barr says no
Chief Minister Andrew Barr said the policy would drive up house prices.
States pitch for maximum permissible use of Consolidated Sinking Find
Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds
EU watchdog hopeful most banks can absorb €380bn pandemic hit
Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Better off staying closed?
Some businesses could be better off staying closed than risk re-opening during the second phase of the B.C.’s government's plan to safely and gradually re-open the economy, according to Val Litwin, president and CEO, BC Chamber of Commerce.
Shopify Is Taking The E-Commerce World By Storm
Lately, Shopify (SHOP) is firing on all cylinders. The company announced a series of new features on its May 20 Reunite event, together with a new partnership w
Bank of America Boosts Splunk (NASDAQ:SPLK) Price Target to $208.00
Splunk (NASDAQ:SPLK) had its price objective lifted by Bank of America from $175.00 to $208.00 in a report published on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the software company’s stock. A number of other research analysts have also recently commented on the company. SunTrust Banks dropped their price target on […]
A GST cut can put auto sales on fast track to revival
The question is whether there will be adequate demand and, more importantly, what the government can do to encourage sales. Mint takes a look
Succession Planning: Along with businesses, even families need to adopt, adapt to secure interests
While most UHNI individuals or families recognize the need for succession planning, not many are disciplined about it. For most, succession planning is something one pays attention to only on nearing retirement.
People impact of Lagos State budget review
At the outset of the current fiscal year, the State House of Assembly approved a N1.168-trillion worth budget meant to impact lives and enhance the standard of living of Lagosians.
Campari: Stock Is Too Expensive As Restaurants Remain Closed
First impact from COVID-19 could be seen in Q1 results, where profit halved compared with the same period last year. Further drop in sales and profit is expecte
Big Pharma rejected vaccine prep efforts, watchdogs say
NGOs say industry’s rejection of a Commission-funded effort to speed vaccine approvals represents broader problems with the Innovative Medicines Initiative.
UK's Sunak authorises bailout to rescue strategically important companies
Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options
Japan ends state of emergency, eyes fresh $1.5trn stimulus
Japan's economy minister said the government had received approval from key advisers to remove the state of emergency for Tokyo and all remaining regions.
Time has come to merge income support schemes with MGNREGA
The legal framework of the MGNREGA scheme does allow this on farms owned by people of SC/ST communities, and on the lands of marginal farmers.
Gold rates today hikes in Delhi, Chennai, Kolkata, and Mumbai - 25 May 2020
Gold rates today on 25 May 2020: Gold rates have increased by a slight margin on Monday. These gold rates have been on rise after a fall for the last couple of days.
NYC’s urban model faces existential crisis in post-pandemic world
Manhattan needs its people back. But do the people need Manhattan? COVID-19 may not be a pause, as Gov. Cuomo puts it, but a rupture — one that has vast implications for New York. For half a
Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900
Bitcoin has seen much of its recently incurred technical strength degrade over the past 48 hours, and one analyst is now targeting $5,900
Godrej CEO: Focus to be on driving growth as margins are quite reasonable
Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 days of March.
Macron Set to Unveil Aid for Embattled French Auto Industry
French President Emmanuel Macron is set to announce measures to support the auto industry before other European governments, highlighting the crucial role the sector plays in the economy and how hard it has been hit by the coronavirus pandemic.
Funding the private hospitals
Sir, – The nationalisation of our private hospitals to increase capacity in the midst of a pandemic was a bold and well-intentioned initiative.
Why choose a business course? Creativity, teamwork alongside enterprise
Consider average class size, work experience, project work when choosing your course
Newmont Corporation: Digging Into The Q1 Results
Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above
Is deflation set to become Economic Enemy No 1?
Amid all the uncertainties that lie ahead is the possibility of deflation setting in post-Covid-19. Negative inflation rates would create an even steeper and longer hill to climb out of economic recession than we are already expecting. It will all come down to whether demand under- or over-shoots supply. The jury is out.
Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Capturing The Trend In Cryptocurrencies
Bitcoin's price volatility reaches 6-year high. The upward momentum of cryptocurrencies can create enormous returns on investment, but the downside risk is subs
Prices Of N-95 Masks Fall 47% After Pharma Pricing Body's Advisory: Government
Leading manufacturers and importers of N-95 masks have reduced prices by up to 47 per after regulator NPPA stepped in to ensure the availability of this respiratory protection device at affordable rates in the country, the government said on Monday.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
The big growth leap: Covid gives India the opportunity to get growth without massive investment
Covid gives India the opportunity to remove a 70-year incubus and get growth without having to invest massively.
Business owners urged to adjust to survive
MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dw...
Job searches for remote work jump 377% during February-May
In wake of the coronavirus crisis, job searches for remote work in India have soared over 377 per cent during February to May, reveals a recent report by job portal Indeed. Job seekers are ready to take a salary cut in order to have access to remote worki
Zimbabwe govt makes policy shift on cannabis farming
The government of Zimbabwe has announced a change in the policy that governs the investment and production of medicinal cannabis in the country.
NASDAQ Awaits Other Indices To Follow Its Lead; V-Recovery In Place (For Now)
Stocks Analysis by Declan Fallon covering: S&P 500, US SmallCap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Report From Italy – How Consumers Act As Retail Reopens
I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.
Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra
According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.
ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May
The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.
Shares in depository account can be used as margin till August 31: SEBI
The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.
Slate Asset Management launches $500-million fund to finance COVID-hit companies
Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments
Tech This Week | Advertising a tax on the poor, pandemic going to exacerbate it
Many don’t have jobs now but the book Poor Economics says they could trade off a little food for entertainment. So they’ll bear the brunt.
Carney: America’s Economy Slowly Comes Back to Life
Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy
Our universities need to change for an as yet unimagined future
South Africa needs to build national capacity for an economy that needs skills that are radical and complex. In order to facilitate this, we need to ‘decolumnise’ campuses from the grand colosseums to a vibrant, insightful, smart network of decentralised partners.
Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.
How coronavirus might hit EU defence spending
Among the casualties of coronavirus - worldwide and in the EU - is the defence sector. However, the Covid-19 pandemic has not made the world a less dangerous place and there is no alternative to having a functioning defence system.
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
Library users turn to Australian authors as digital usage jumps
The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.
Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk
Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund
Five Below: Growth At A Reasonable Price
Management estimates the market can handle 2,500 stores. At recent prices, there is an opportunity to buy growth at a reasonable price. We see potential for a 2
New rules of personal finance: How COVID has changed income, spending, saving, investing
In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
Oil firms set price hike whopper: P2.30 per liter of diesel
Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.
CEO buying struggling New Zealand media company for NZ$1
One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.
Rolls-Royce increases price-cuts pressure on suppliers
Big equipment makers turn to strained supply chain for savings
1.50 Lakh MP Students About To Become Doctors, Engineers Under MMMVY
Madhya Pradesh government deposits fees worth Rs 326,,69,85,000 in the accounts of the students.
Siemens Healthineers: Excellent Company, But The Valuation Doesn't Scan
Healthineers is one of the world’s leading medical technology companies with a leading position in imaging and advanced therapies. Its diagnostics division has
DMart’s secular rally may pause for a while
The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.
Gold Price News and Forecast: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday. Although fresh risk-off sentiment,
Kia planning a tiny, affordable, short-range electric car
Kia's Europe boss says the car will be a response to people's increasing avoidance of public transport.
Belt and Road Initiative affected by COVID-19, but impact is 'temporary': China
Chinese Foreign Minister Wang Yi said that the demand for public health expansion in view of the COVID-19 all over the world will give a new impetus to project expansion.
European consumers stockpile savings, adding to economic drag
Bank deposits surge as households seek to shield themselves from impact of coronavirus
Crack in fashion! Tesco stocks white eggs for the first time in more than 40 years after huge rise in demand
The eggs - which are used in McDonald's breakfast McMuffins - will cost the same as the brown free-range equivalent, starting from 89p for a box of six medium eggs.
GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle
The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh
HDFC Bank Credit Card, Debit Card Offer: Save up to Rs 2000 on buying AC, refrigerators, coolers online
As part of the offer, HDFC Bank is providing 10 percent Instant Discount with HDFC Bank Credit Cards and Credit/Debit EMI Transactions.
40% tourism firms staring at complete shutdown risk in next 6 mnths: Report
The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent
Sportscar brand Aston Martin could see AMG chief come in as CEO
Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time
Africa’s energy potential can create opportunities amidst COVID-19
The AU Commission and IRENA say that the energy potential in Africa can turn the COVID-19 crisis into an opportunity for the continent and its population.
Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.
CBIC clears Rs 11,052 crore GST refund claims since April 8
India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s
Ontario used auto dealers expect tough year ahead, prices already down
TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.
NZD/USD is perched on a fragile branch, struggles to break higher
NZD/USD is trading at 0.6100, +.01% on the day as we head into the early Asian open. The pair has traded between a range of 0.6083 and 0.6108 on what
How the pandemic impacted post-secondary students' work placements
Co-op placements, internships, practicums and residencies are valuable forms of work experience for post-secondary students in Canada. But for this year’s students, COVID-19 has put a halt to many of these opportunities.
At least 23 million migrants are returning to India’s villages. Can the rural economy keep up?
The country’s villages are already grappling with hidden unemployment.
What Sticks? Five Data-Driven Behaviors That Will Define America’s Reopening
PYMNTS has populated the current landscape with data-driven research to answer the critical question: Which consumer behaviors will stick through recovery?
Gold trades with modest losses, holds above $1722 support zone
Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just bel
Laptop imports from China surge during shutdown
Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Australian economy must come off Covid-19 ‘life support’, PM to say
SYDNEY, May 25 — Australia’s economy must not become reliant on government stimulus, Prime Minister Scott Morrison will say tomorrow, as Canberra unwinds state support and accelerates plans to spur growth. Australia has reported just over 7,100 Covid-19 infections, including 102 deaths. That is...
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
A massive transformation is taking place at elite litigation powerhouse Boies Schiller Flexner.
Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)
Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]
Want to buy car or bike for social distancing? These points will guide you
A recent survey by Capgemini’s Research Institute shows that 57 per cent of Indian consumers are considering a car purchase to avoid future public transport.
ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]
Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
LS C&S receives international standard certification for photovoltaic cable
LS Cable & System said Monday its photovoltaic cable has received international standard certification from Germany’s TUV SUD, a global certification authority. TUV SUD assessed that LS C&S’ 1,500 voltage direct current solar cables conform to functions and safety standards of International Electrotechnical Commission and European Standards, according to the cable maker. The firm expects the c...
Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal
While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing
Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.
Covid-19 boosts local demand for premium fruits, vegetables
Indian consumers are willing to pay a premium to get hygienic and nutritional daily essentials, prompting exporters of horticulture produce to draw strategies for the domestic market.
Telegram Withdraws US Court Appeal for TON Launch
After wrapping up its blockchain project, Telegram has now officially withdrawn from the court battle against the SEC for lifting the ban on Gram tokens.
Wage subsidy scheme pays out more than a billion euro
The amount of money paid out under the coronavirus wage subsidy scheme has surpassed 1.1 billion euro, a senior civil servant has said.
The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.
The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.
New payment to support Kiwis through Covid-19
The Government today announced a new temporary payment to support New Zealanders who lose their jobs due to the global COVID-19 pandemic to adjust and find new employment or retrain.
FDA relaxes food labeling regulations for pandemic
Food manufacturers will be permitted to substitute ingredients in products without changing the labels. The FDA posted a “temporary flexibility policy” permitting inaccurate labels, cla…
Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid
IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr
USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700
The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.
German business expectations pick up as lockdown is lifted
Monthly survey finds improving outlook despite pessimism over current effect of pandemic
Four strategies for rapid innovation during a crisis
The Covid-19 crisis has induced a sense of urgency for product innovations. As a vaccine or drug for the disease remains many months away, there is a surge in demand for ventilators, testing kits, pro
MediaWorks announces 130 job losses
MediaWorks has announced that 130 staff are being redundant in its radio and sales teams.
CBIC clears Rs 11,052 crore GST refund claims since April 8
In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".
2 Social Security Moves That Can Protect Your Retirement From Future Benefit Cuts
Social Security cuts may be on the horizon, but you can still safeguard your retirement.
The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets
Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve
Lufthansa, German government agree on US$9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
‘Material disclosure’ is imperative at this time
Investors need to be frequently updated on Covid-19’s impact on companies
Coronarvirus intermission? More than 80% of film audience miss theatres
That and more is what 'Back to the Theatre', consulting firm Ormax Media's report on the 'Expected theatre-going behaviour in India post Covid-19,' states
Pound Sterling Price News and Forecast: GBP/USD looking to the upside
At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the
Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies
In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w
Before You Sign That Recording Contract
It is has become habitual for Nigerian artistes to regale tales of how they are being exploited and cheated by their record labels.
WTI: Off daily highs, still above $33.00, as US-China tension looms
WTI drops to $33.45, down 0.6%, while heading into the European session on Monday. The black gold recently benefited from the news suggesting ease of
New face of banking: Millennials prefer robot bankers to humans
Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19
EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s
The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou
Investing in Spanish Nissan factory cheaper than closing it: Spanish official
(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
EUR/CHF: SNB looking to contain Swiss franc action – CIBC
The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish
Telstra CEO wants NBN upgrade paths reflected in govt policy
Calls for telcos to be unshackled from past policy and decisions.
Apollo's Ventia asks for $1.6b, five banks on board
Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market.
CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs
he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds
How the 2020 US Presidential Election May Be Keeping Bitcoin At Bay
Bitcoin's next rally may not occur until after the 2020 United States Presidential Election takes place in November of this year.
Sberbank: The Downside Is Limited
As Russia’s flagship bank, Sberbank already felt the pain of the virus, as its Q1 earnings results showed a staggering decline in its profits. Nevertheless, Sbe
Nissan says preparing to gradually restart Mexico operations
The automaker will begin with vehicle and autoparts manufacturing activities
Home appliances remain immune to Covid, lockdown relaxation boosts demand
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
L3Harris Technologies: Steady Growth Yet Insulated From COVID-19 And The Economy
The recent merger of L3 Technologies and Harris Corporation created synergies that are driving cost savings and increasing margins. As a defense contractor, the
Gold Price News and Forecast: XAU/USD is consolidating gains at the start of the new trading week
XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break
Activists call for health tax
Kampala, Uganda | THE INDEPENDENT | Members of Civil Society Organizations (CSOs) attending a virtual meeting on health financing on Monday highlighted the need for having a separate tax to finance health emergencies without straining the health system. They said though the government has over the years put up taxes on different commodities to fund …
Shaktikanta Das differs with govt over IMF's $500 billion rights plan
RBI governor backed IMF’s plan to issue fresh SDRs for helping crisis-hit members.Fresh SDR issue would have helped least developed and developing nations facing a forex crisis
What to expect as Aryzta prepares to publish results?
A shareholder plan to oust a chunk of Aryzta’s board will be a key focus for investors tomorrow as the embattled Swiss-Irish baked goods company releases third quarter figures.
Energy efficient lighting being rolled out in Moorabool
WORKS have commenced on upgrading almost 2000 public lights in Moorabool Shire, to be both more energy and cost efficient. Powercor recently began the three m...
Internationalization of Higher Education in the GCC Countries
Education is an important area of social life, shaping the intellectual and cultural state of society. In the context of globalization, the challenges of time give rise to new trends in it, one of which is internationalization. This process has already swept the whole world, including Arab countries. Some of them, especially the Gulf states, […]
Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
Test Research upbeat about 1H20
Test Research (TRI), which provides automatic test and inspection tool solutions, has landed a pull-in of orders for networking and server applications since the fourth quarter of 2019. The order pull-in momentum is expected to persist throughout the first half of 2020, according to the Taiwan-based company.
Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers
Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.
Asian shares climb, Tokyo gains on hopes for reopening
Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.
Uttar Pradesh, Rajasthan, Madhya Pradesh have over 50% recovery rate
MP has reported a 51% recovery rate among Covid-19 patients while Rajasthan has done better at 54% and UP is the best among the three states with a 56% recovery rate. In all these states, the number of active cases is hence below the number of recovered patients. The national recovery rate stands at about 42%.
Silver's Silver Lining
Investors may consider some exposure to silver as the multi-year, supply-demand surplus scenario looks to be transitioning towards a more favorable picture. On
Hindustan Zinc Rating: Buy — A steady performance in the quarter
But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating
Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.
Mercedes: carbon-neutral production starts with electric car batteries
“It would defy the purpose of an electric vehicle if you used too much CO2 to produce it,” says Mercedes.
EU to announce green strings for post-pandemic funding
The European Union is due to announce economic recovery plans which could be up to one trillion euros and wants to pull Europe out of the crisis with green measures.
CRA extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales
How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.
Hyderabad firm launches advanced version of e-procurement tool
Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.
Canada's banks to cement status as solid investments in a crisis
Canada's banks to cement status as solid investments in a crisis
Nordic investors turn up heat on coal in climate campaign
Nordic investors turn up heat on coal in climate campaign
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.
Newmont Stock Has Doubled. Is It Still A Buy?
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
10 lessons from the COVID-19 frontline for a more gender-equal world
Women play an outsize role responding to crises, including as frontline healthcare and social workers, caregivers at home, and as mobilisers in their communities.
Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...
Australia gives companies a six-month break from earnings forecasts
Australia gives companies a six-month break from earnings forecasts
Health group, community center get $48M endowments in Maine
A health group and community center will receive a combined $48 million in endowments to grow services for central Maine.
Safaricom retains top position as East Africa's most valuable firm
Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out
Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?
U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.
Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform
The feature, called Carousell Property, provides listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Consumer Spending And Demand Has Changed Due To The Pandemic
The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.
Huawei seeks stable chip supply from Samsung and Hynix
Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.
Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020
Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.
Farmers use technology to boost sales
SCORES of farmers in Clarendon have been using locally developed technology platform
Kia's Cheapest Model Will Be An Electric City Car
Kia's getting ready for a full-electric onslaught, with 11 fully electric models on the market by 2025, and...
‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’
The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.
Germany stamps authority on Lufthansa with $9.8 bln lifeline
FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Universal basic income – an idea whose time has come
‘There’s nothing more powerful than an idea whose time has come,’ said Victor Hugo. This quote helps us understand the growing calls from all spheres of society worldwide for the introduction of a universal basic income (also known as a basic income grant).
China's 'hermit' investors fill doubled oil storage with crude bet
SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.
Need to convert development into mass movement: NITI Aayog's Rajiv Kumar
There is a need to convert development into mass movement, and India should aspire to become second or third largest economy in the world by 2047, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.
KKR becomes Jio Platform's fifth investor in five weeks | ZDNet
Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.
US farmers worried as crop prices dip
Market disruptions have been caused by the Covid-19 pandemic.
Farming column: Welcome dairy support for farmers
We have welcomed the Westminster and Welsh Governments' announcements to help support dairy farmers overcome the impact of the coronavirus outbreak.
Bloodied Mayfair tries recruiting investors against ASIC
The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".
Library users turn to Australian authors as digital usage jumps
The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.
Is today a bank holiday and when is the next one?
Planning ahead can help you get the most out of the next bank holiday.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Coronavirus Pandemic Could Bankrupt German FA, Warns Treasurer
German FA treasurer Stephan Osnabruegge warned that the DFB is in the deepest economic crisis of the recent past.
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Apprentices needed to work at Sizewell A nuclear reactor site
Four apprentices are being sought to work on one of the country’s oldest nuclear reactors currently being decomissioned on the Suffolk coast.
COVID-19: CREDAI writes to PM, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has
Impact of COVID-19: Rethinking The Business Of Fashion
“Fashion is part of the daily air and it changes all the time, with all the events. You can even see the approaching of a revolution in clothes. You can see and feel everything in clothes.” —Diana Vreeland The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It […]
Algorithmic selling risk of your money
OVER my last 32 years, I have seen many a ‘latest fashion’ encourage investors to run toward emptying their bank accounts.
Wholesale vegetable prices fall sharply by up to 60% during lockdown
Wholesale prices of tomato, onion and other key seasonal vegetables have declined sharply by up to 60 per cent across the country, mainly due to higher production, compression of demand and market disruption amid COVID-19 crisis.
AUD/JPY erases gains on lingering US-China tensions
The early risk-on tilt seen in the financial markets has faded, as evidenced by AUD/JPY's pullback from the session high of 70.58 to 70.30. The JPY cr
Gold Price News and Forecast: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
Why House of Representatives resolved to probe Chinese loans
A Peep into the mindset of House of Representatives’ member, Hon. Ben Rollands Igbakpa offers an insight as to why the lower legislative chamber resolved
Bayer shares jump on report of Roundup settlement
FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...
British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'
The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots
MPs Demand New Laws to Stop State-Owned Companies Investing in UK Infrastructure
A group of Conservative MPs are asking the prime minister to bring forward legislation to limit the involvement of state-owned companies in our national infrastructure, in yet another thinly-veiled attempt to get Huawei out of our future mobile phone networks.
Iran’s Oil Minister: Demand for oil is ‘very vague’
The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are
Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal
Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19
FinTechs Help Main Street Find Its Footing
Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC
GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further
WTI consolidates the bounce above $33 mark amid intensifying US-China tensions
WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th
Chief Scientist clashes with Lucy Turnbull over 'shipping sunshine'
Former Lord Mayor Lucy Turnbull and Chief Scientist Alan Finkel debated Australia's energy future on Q+A. They agreed on the end goal but not how to achieve it.
Neobank N26 Executive Predicts there will be As Many Digital Bank Accounts as Traditional Ones, but Global Fintech Reports Suggest Otherwise
Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger t
Bank of Israel leaves rates unchanged, sees less economic damage in 2020
JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.
A fleet of these quirky-looking bikes will soon be hitting the streets of Nottingham
The cycles are already popular in Holland, Germany and Denmark
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....
Genting Malaysia Bhd to undertake MSS, VSS for employees in Covid-19 restructuring exercise
KUALA LUMPUR, May 25 — Genting Malaysia Bhd (GENM) announced today it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic. In an internal memo circulated to its employees sighted by Malay...
Commercial real estate to move northwards in Tier 2 markets post Covid-19
Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.
New Data61 boss says businesses can turn COVID-19 to their advantage
The new boss at CSIRO's data science organisation says companies that keep investing smartly in R&D will emerge from COVID-19 stronger than more timid rivals.
SAI Releases Rs 8.25 Cr As 'Out of Pocket Allowance' For 2,749 Khelo India Athletes For Q1 2020-21
Athletes from 35 states and union territories have been given the OPA in 21 sporting disciplines with the maximum number of Khelo India athletes in the following five states - Maharashtra (386), Haryana (381), Delhi (225), Punjab (202) and Tamil Nadu (165).
Gold Price Analysis: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
Slump in consumption, exports push Germany into recession in Q1
BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...
Melon-aires not required as Japan premium fruit prices plunge
A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
EUR/USD: The global outlook points to be positive for the euro – Danske Bank
While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna
Report warns of major tax shortfall due to drop in household spending
The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...
Landlords worry about COVID-19 impact on commercial properties
Maureen Ihua-Maduenyi Commercial landlords are increasingly concerned about the economic impact of the coronavirus pandemic on their tenants and property portfolio, a new report has said. The rep...
Suncor - Immediate Action Will Mean Stronger Returns
Suncor Energy is an incredibly well positioned Canadian oil major. The company's FFO / share is better than most oil majors. The company's financial health is q
JobKeeper blunder may have forced up debt costs by $180m
The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.
Nikkei rises, but Hong Kong shares slip as tensions with China heat up
Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.
US Dollar Index pushes higher and approaches 100.00
The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.
Premier digs in on rent as UK restrictions bite
The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.
China's currency gamble adds fuel to fire
The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.
Virgin Media Ireland announce €1 Million fund to help businesses nationwide
Virgin Media has today launched a €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.
Big Price Hike On Entire KTM Lineup – RC125, Duke 125 To 390 Adventure
KTM India has bumped up the prices of all its motorcycles except for the KTM 790 Duke, all the motorcycles come with a slew of changes along with BS6-compliant engines
What's Open And Closed On Memorial Day 2020
Monday is Memorial Day. While all the days might be blurring together right now, the day is a federal holiday, which means some places might not be open that typically have been recently....
Wirecard postpones issuing annual results again
Fintech says not all audit procedures completed and puts AGM back until August
Vermilion Energy CEO’s departure signals return to conservative roots
Return of co-founder as executive chairman comes with greater focus on balance sheet
French carmaker Renault could close plants and cut jobs: union
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...
Pick Your Bias And Selective Data Will Support
Different investment horizons favor different inputs. There currently appears to be a tug of war between the inputs that please bulls and bears. I expect prior
Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector
The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.
HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid
After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore
AUD/USD pares early losses, registers modest gains near 0.6550
The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD
Invesco Ltd. (NYSE:IVZ) Position Boosted by AE Wealth Management LLC
AE Wealth Management LLC increased its holdings in Invesco Ltd. (NYSE:IVZ) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,084 shares of the asset manager’s stock after buying an additional 3,696 shares during the quarter. AE Wealth Management LLC’s […]
Reverse migration to villages has set economy back by 15 years, says JNU professor
India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.
Cetera Advisor Networks LLC Decreases Stock Position in Newmont Goldcorp Corp (NYSE:NEM)
Cetera Advisor Networks LLC lessened its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,034 shares of the basic materials company’s stock after selling 4,773 shares during the period. Cetera Advisor Networks LLC’s holdings in Newmont […]
MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero
A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.
Reliance Industries’ Online Grocery Service JioMart Goes Live In 200 Towns Across India
Reliance Industries limited has now officially launched its online grocery service, JioMart, across the nation after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan, reports India TV News.
ETRADE Capital Management LLC Raises Stake in American Express (NYSE:AXP)
ETRADE Capital Management LLC increased its stake in shares of American Express (NYSE:AXP) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,015 shares of the payment services company’s stock after buying an additional 603 shares during the quarter. ETRADE Capital Management LLC’s holdings in American Express were worth $600,000 as of […]
SeaChange Warns Of An Abysmal Q1 As Customers Continue To Delay Purchase Decisions
Discussing recent Q1/FY2021 earnings warning. Customers continue to delay purchase decisions, resulting in an at least 55% sequential revenue decrease with like
EUR/JPY bounces off lows near 117.00
The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f
The Week Ahead
The economic calendar is light. With shutdowns easing in May, April data is too dated to be of much interest to investors. The preliminary May PMIs last week of
Nasdaq to Consolidate European CSD Business
Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
COVID-19 Crisis Impact on Youth - Depressed, Lonely and Anxious
People in the EU aged 18-34 report being more likely to feel depressed, lonely, and anxious than those aged 35 and over. They also indicate lower levels of resilience in dealing with problems in life, and a significant decrease in life satisfaction compared to before the Coronavirus (COVID-19) pandemic.
'It's kind of glum': US farmers worry as crop prices dip
Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.
‘Impact investing is going to be the mainstream’
Aavishkaar’s Vineet Rai believes that Covid-19 has forced the world’s richest people into thinking more about resilience than returns
With these tools, you can have productive meetings just like these Fortune 500 CEOs
If you want to take your organization's meetings to the next level, listen to these Fortune 500 CEO's.
CEO buys ailing New Zealand media giant for one dollar
Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.
UBS to Create Fintech-Specific Venture Fund
UBS Group, a Swiss investment banking giant, is creating a venture capital fund with a corpus of hundreds of millions of dollars of its own fund.
Ontario Premier suggests alcohol delivery via restaurants could continue post-pandemic
Ontario Premier Doug Ford has hinted that alcohol delivery through restaurants could continue even after the COVID-19 pandemic is over.
Delay in projects to impact profitability in FY21, says Cochin Shipyard
There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore
Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg
Government may issue 3-4 new 10-year benchmark securities this fiscal
The government may end up issuing three or four new 10-year benchmark securities instead of the usual two it has been issuing each of the past years, as it will be borrowing more in FY21 amid the pan
Lufthansa, German govt agree on rescue package amid travel slump: Report
Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid
Credit score drop? How to diagnose why, and what to do next
As the pandemic hits the economy hard, lenders and credit card issuers are offering payment modification programs such as forbearance and deferrals.
Slump in consumption, exports push Germany into recession in Q1
The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.
IndexIQ Advisors LLC Buys Shares of 10,279 KB Home (NYSE:KBH)
IndexIQ Advisors LLC bought a new stake in KB Home (NYSE:KBH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,279 shares of the construction company’s stock, valued at approximately $186,000. A number of other hedge funds also recently modified their holdings of KBH. […]
Swiss National Bank Purchases 138,500 Shares of Lincoln National Co. (NYSE:LNC)
Swiss National Bank grew its position in Lincoln National Co. (NYSE:LNC) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 769,805 shares of the financial services provider’s stock after purchasing an additional 138,500 shares during the quarter. Swiss National Bank owned approximately […]
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.
COVID-19 boosts women's wellness tech start-ups
Start-ups providing better access to oral contraceptive pills and making sugar-free cranberry juice for urinary tract infections are among women's health players thriving in the COVID-19 era.
Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report
About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.
Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20
Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number
Central bank printing presses might be in overdrive, but inflation is not the real threat here
Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time
ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore
The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT
CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST
‘Cognizant determined to emerge stronger from Covid crisis’
Thanks to a strong balance sheet, close partnerships with associates/clients, and digital imperatives, says Brian Humphries
Crieff golf club becomes latest to announce reopening date
A Crieff golf club has become the latest to announce its reopening date.
Boost for zero-emission sources as global capital backs Indian solar power
The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent
Bharti Telecom to sell $1 bn stake in Airtel through block deal
IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco
Digitex Futures Adds Chainlink Integration For Unrivaled Price Data Accuracy
Digitex Futures has revealed a new partnership with Chainlink to provide the most consistent and accurate price data without fluctuation.
Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable
Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev
Why did a cloth brand once promoted by Bond and Bachchan shut shop in India?
Did miscalculated branding end the 180-year brand’s run in India?
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May
The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.
Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal
Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%
FMF, others list strategies to curb impact of coronavirus in real estate
Following the impact of the coronavirus pandemic on the real estate sector, stakeholders including five chief executives in the mortgage finance industry have move to cushion the effect on the average Nigerians seeking decent and affordable housing in the country.
Senior markets operative jumps ship to MST Financial
Gerard Satur's MST Financial has made another high-profile hire.
Asia stocks mostly up on lockdown easing but Hong Kong extends losses
HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...
Gold Price Analysis: XAU/USD meets a plateau as global CODVID curve peaks
The price of XAU/USD is at $1,727.88, -0.45 and has sunk from a high of $1,735.67 falling to $1,721.61 on the day. Gold is a complicated mix of deflat
UCD academics call for virus safety incentives for businesses
Study shows businesses that invest in workplace safety 20% more likely to ‘go under’
Brazil still plans to privatize 43 airports through 2022: minister
Brazil still plans to privatize 43 airports through 2022: minister
Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore
The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.
Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore
The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.
Stock Market Boost: Unemployment Outlook Shifts To Positive
The unemployment trend, no longer rising, now looks ready to decline
Here’s How Much Money Private Investigators Make In Every State
Find out where private investigators earn the most money in the United States, and where they earn the least.
What Do The Latest PMI Surveys Suggest About The State Of The Economy?
Is the economy contracting at a slower pace than in April? Is more coronavirus relief on the way for Europe? The latest on equity market performance.
Avoid low-interest COVID-19 personal loans, unless strapped for cash
This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals
Australian dollar to the moon as freedom dies
See the latest Australian dollar analysis here:
Ministry discloses updated Egyptian petrochemicals plan 2020-2035
The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.
South Korean cafe hires robot barista to help with social distancing
After managing to contain an outbreak of the new coronavirus which infected more than 11,000 people and killed 267, South Korea is slowly transitioning from intensive social distancing rules towards what the government calls
EUR/USD Price Analysis: Peeps above 1.09, but range play continues
EUR/USD is looking to begin the week on a positive note. The pair is currently trading at 1.0905, representing marginal gains on the day. However, des
Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%
The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.
The one thing these great ICT companies have in common
There is one thing top South African IT and telecommunications companies have in common.
Tech revolution: Human touch will be irreplaceable in financial services
With the help of technology and greater access to content Indian financial markets are moving from a push market to a pull market.
Increased support payments for newly jobless people
The newly jobless due to the Covid-19 crisis will be able to get $490 a week tax-free for 12 weeks. The Government this morning announced the $570...
Almost 90 jobs go from Invercargill licensing trust
Eighty-seven of ILT's 606 workforce will be made redundant after staff restructuring due to Covid-19 impacting the hospitality sector. ILT chief...
Nissan and Renault shelve merger plans to repair their alliance: sources
Nissan and Renault shelve merger plans to repair their alliance: sources
Growth Of Million-Dollar, One-Person Businesses Accelerates
US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.
Buy VST Industries; target of Rs 4000: ICICI Direct
ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.
Federal government plans to accelerate investments in high-speed internet for remote parts of Canada
Ottawa to launch website that will track broadband infrastructure projects through various stages of progress
The Gold No-Brainer
What Eric Fry is seeing as the four catalysts pushing gold's price higher. Make sure your portfolio has exposure to the yellow metal now.
A Contrarian View On JetBlue
JBLU has been more than cut in half from its 2020 highs. However, any recovery looks to be quite slow. And the valuation is pricing in a lot of earnings that ar
Huawei is trying to ensure stable chip supply from Samsung and SK Hynix
Huawei was put on the Entity List by the U.S. government in May last year and recently, the ban was further extended by another year. A few days ago, the United States tightened export controls in a move that is aimed at limiting Huawei’s access to chip supplies. Now, the Chinese giant is seeking help …
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
Plant-based 'meats' catch on in the COVID-19 pandemic
Meat industry's troubles may have provided a boost for plant-based meat substitutes
Gulfport Energy: Stock Appears To Be Overvalued Now Due To The Still High Restructuring Risk
Gulfport's borrowing base was reduced to $700 million, and it is limited to $20 million for further unsecured note repurchases. It has plenty of liquidity for n
Hertz files for bankruptcy after rental-car demand vanishes
Drop in used-car sales compounds financial woes.
Lenovo helps schools shift to remote teaching for free
To support the education sector in rapidly shifting to digital ways of teaching and learning, global tech and innovation leader Lenovo, in collaboration with Microsoft, is sponsoring two presentations in the ongoing EduTech Live Webinar series.
McBride: A European COVID-19 Winner, But Basic Challenges Remain
COVID-19 has actually helped Europe's largest private label household products company, McBride. The company has struggled to sustain a decent profit margin for
Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
RevoluPAY Now Licensed To Provide Services In Every EU Country
RevoluPAY, a subsidiary of RevoluGROUP, is now able to offer digital banking services to EU member countries with its new PSD2 license.
Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon
Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and
Tax opportunities and tax risk management strategies during a crisis
QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.
Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more
Here are the top 10 headlines on Monday morning
Household fragility points to post-COVID pain
New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.
Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow
Wholesale commodity markets, including metal and bullion, will also remain shut
Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200
GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2
Renault could disappear without a bail out – report
The French brand's 122-year history could be at stake according to a key decision maker.
Makinde, others laud facility managers’ role in COVID-19 crisis
The Oyo State Governor Seyi Makinde has lauded facility managers for their contributions to health, safety and productivity of people during ongoing CoVID-19 crisis. Makinde noted that as with governance, people hardly commend facilities managers when things are going right, but immediately the ‘ball drops’, everyone remembers their roles. The Governor stated this during the […]
CEO buys ailing New Zealand media giant Stuff Limited for one dollar
Boucher joined as a reporter in 1993 and has spent most of her career at the company
IDFC First Bank’s senior management takes 10 per cent pay cut in FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The
USD/CAD: Oil to refrain the loonie recovery – CIBC
Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l
Need to know: Monday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19
EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.
CBIC clears Rs 11,052 cr GST refund claims since April 8
Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
Fresh air will be a hot amenity in reopened offices — if companies can afford it
Not long ago, office landlords competed for tenants by advertising spacious roof decks and fancy exercise rooms.
Hard times for Boeing, long a symbol of American might
Hard times for Boeing, long a symbol of American might
Teladoc Health: The Growth Is Here To Stay
Teladoc Health recently reported impressive Q1 2020 results and management provided strong full-year 2020 guidance. This new market darling has a strong bull ca
The Week Ahead, S&P 500 Futures Are Up +1% And Poised To Reach 3,000
If after reading this article you conclude that I haven't gotten over the short shrift stocks gave the China-US rift last week, you'd be right. The futures for
Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt
Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices
Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
German government takes 20% stake in $10B Lufthansa bailout
May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
Bayer says it makes progress in settlement talks over weedkiller
FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.
Have your say on Hepburn Shire's proposed budget
Hepburn Shire Council's proposed budget for 2020-2021 is currently being exhibited for public feedback. The budget will deliver $12.12 million in capital work...
Hong Kong Exports Tumble in April as Virus Disrupts Commerce
Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.
Coronavirus crisis: All that's bad about a 'Bad Bank'
The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services
The airline owes more than Rs 8,000 crore to banks. The once-storied full service carrier is undergoing insolvency process and … Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services Read More »
Workplace bullying costs economy €239m per year
NUI Galway study finds that bullying is more prevalent in public sector than the private
Coronavirus impact: Tata Group top rung to take 20% pay cut
Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company
PM steps in on vocational education, pushing more federal control
Scott Morrison has signalled more federal control over skills training, accusing the states of running a system that is complex, clunky and unresponsive.
Ed-tech startup to offer free AI, coding & robotics courses for children in rural areas
Robochamps, an edtech start-up dedicated to introducing kids to early AI education, recently launched online courses in robotics and coding in multiple languages, including Hindi, Gujarati, Punjabi, a
Darden Restaurants (NYSE:DRI) Price Target Raised to $88.00
Darden Restaurants (NYSE:DRI) had its price objective upped by KeyCorp from $75.00 to $88.00 in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Other equities research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Darden Restaurants from a […]
Scott Sumner On The Government's Response To COVID-19 And The Future Of Level Targeting
The Fed needs to be more aggressive addressing the macroeconomic problems stemming from COVID-19, and adopting a level target may be one solution. Scott Sumner
EUR/GBP alternates gains with losses near 0.8950
The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile
Why markets don’t care about Hong Kong
Via the excellent Damien Boey at Credit suisse:
Biden wants Amazon to 'start paying their taxes'
Former Vice President Joe Biden has renewed his criticism of e-commerce giant Amazon, once again turning the company into a political football that has been kicked around by presidential candidates on ...
USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark
The USD/JPY pair edged higher on Monday and was last seen trading near the top end of its daily trading range, around the 107.70-75 region. The pair m
EUR/USD: Time to buy a ticket for the 1.20 level – Nordea
It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke
Melon-aires not required as Japan premium fruit prices plunge
TOKYO, May 25 — A pair of premium Japanese melons sold today for just a slice of the ¥5 million (RM200,720) reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at ¥120,000 at the season’s first auction — 40...
AUD/JPY: Bearish case getting cheaper as each session passes
AUD/JPY has been on the bid at the start of this week and despite ongoing geopolitical tensions that have weighed on commodity markets. There has been
Pandemic delivers R943m revenue blow to Netcare
Costs for PPE escalate to R850m as group bolsters its supply ahead of virus peak.
RSM, BDO staff return to the office amid strong demand
The mid-tier accounting firms say despite the downturn, clients are increasingly seeking advice, including on how to access stimulus packages.
Central bank asset purchases creating ‘fake markets’, analyst warns
'They're no longer related to any fundamental analysis whatsoever'
Covid-19 to dent M&R earnings ‘more than 20%’
Group reports further growth in order book to R51.5bn at end-March.
Renewable electricity suppliers gaining ground
Generating capacity of independent producers is just about equal to that of an Eskom power station.
A Lot of Binance Exmployees Opt to be Paid in Crypto Rather Than Fiat: CEO
The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that "a lot" of employees opt to be paid in BNB, rather than fiat.
Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)
Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks […]
First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)
First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]
Post-Pandemic Economy: Great Depression or Growth Point?
Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...
UK’s NatWest Reports Significant Increase in Local Businesses Accepting Payment Cards, as they Move Away from Cash Due to COVID-19
Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnes
3 Stocks to Buy and Hold for Decades
Great businesses can allow you to compound your wealth over the decades.
Tokyo stocks open higher on virus hopes
Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.
Aldi now sell over 75 new Irish products as part of Grow with Aldi Programme
45 of Ireland’s most innovative Irish food and drink producers have won a new contract to supply Aldi’s 142 stores through its Grow with Aldi Supplier...
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore
Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg
Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”
Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre
The effect of GDPR two years on
Today marks the second anniversary of the introduction of the EU's General Data Protection Regulation (GDPR).
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore
Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg
Southbank Centre at risk of closure until April 2021 due to financial pressure
The arts organisation has called for further Government support.
China tests global diplomacy and economy
The country risks nations’ pushback as it moves ahead with its ambitions under the cover of COVID-19.
Global stock markets confused as US and China spar, bring trade-tension to the forefront again
Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.
Economic shock from COVID-19 to lead to higher indebtedness, Poloz says
Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.
Industry gearing up for normal activity
At present, many units run by scaling down production
A well-balanced stimulus package
It will minimise the human cost of the COVID-19 crisis and also pave the path for structural reforms
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
Regeneron to buy back $5 billion stake held by Sanofi
(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.
SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?
With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.
As malls reopen across the country, worries grow that consumers won't come back
Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a
Experts urge govt to lock in crude oil purchases as prices start rising
They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision
3 Big Casinos Have a Lot to Lose in a Coronavirus Blame Game
A war of words over COVID-19 could have far-reaching repercussions.
The Arrival Of The 'Unavoidable Pension Crisis'
I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued
Gold Price News and Forecast: XAU/USD - Great Recession vs. 2020 coronavirus crisis
The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from
IKEA is opening “urban concept store” in Piraeus
Popular Swedish furniture and houseware retailer, IKEA, will open its first "urban concept store", in the centre of Piraeus.
Banks continue to lend less even as deposit growth improves, credit growth now at mere 6.5%
Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.
Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures
Memorial Day will take on an even more somber tone this year.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Fee-waivers, IELTS relaxation: What are foreign universities offering to enroll international students
From fee-waivers to online courses, from virtual tours to provisional admissions and the option to join on-campus at any time, foreign universities are luring Indian students who make the second-highest influx of international exchange. But is it a wise option to study abroad this session?
Labor senator calls for ASIC investigation into Rex
Tony Sheldon says the company's "failure to inform the ASX ... flies in the face of Australian corporate standards".
Goodbye office: Is the future of work in our homes?
SINGAPORE: Wanting to create a parent-friendly workplace, Ms Joerin Yao, managing director of human resource consultancy Enable Group, has been ...
Coronavirus: Government draws up plan to rescue key firms
The government could aid strategically important firms affected by the coronavirus pandemic.
Chinese tech giant criticizes US for 'politicizing business'
BEIJING — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.
Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic
Reports lower H1 earnings, defers dividend.
Huawei wants stable Samsung, Hynix chip supply, Korea Daily says
While memory chipmakers aren’t subject to the US government restrictions, Huawei worries that the Trump administration could widen its restrictions later.
Central Equity, Failli family selling $200m of greenfield sites
The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.
KCCA should partner with Kiira Motors on city buses project
It is proposed that special lanes will be put in place for the Eco- (sic) electric and combustion fuel efficient buses starting at the City Square in a ring road...
Nigeria’s GDP rises by 1.87% in Q1 2020
Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...
Samsung's NAND flash market share down slightly in Q1
The share global NAND flash market for Samsung in the first quarter of the year dropped slightly compared to three months earlier, a report said on Monday, although the South Korean giant
GBP/USD: Near-term downside risks into mid-year – CIBC
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El
India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo
The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said
Will Social Security Beneficiaries Qualify for a Second Stimulus Check?
Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?
Bayer reaches agreement in 125,000 US cancer lawsuits
Pharmaceutical giant reportedly does deal to end inherited costly legal battle
Deep Dive: Preventing Financial Crime Amid The COVID-19 Pandemic
This Deep Dive explores the methods bad actors are leveraging to scam bank customers and the methods FIs are using to stem the tide of fraud.
N.L. launches $25-million program to support tourism sector hit by COVID-19 pandemic
Small and medium-sized tourism operators can apply for one-time funding contributions of $5,000 or $10,000, depending on their gross sales
Fandom appoints Zirca Digital Solutions as a media partner for the Indian market
Zirca will work toward maximising Fandom’s advertising revenue potential, build the brand’s presence, as well as expand its pool of demand partners
Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari
The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.
Life insurance firms record 45% degrowth in April, but post-COVID future bright
Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward
Decks cleared for formation of agriculture boards
They will recommend support packages for crop diversification
Ontario offers loan of up to $500M to lottery and gaming corporation
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Digital Banking: Monzo, Starling, and Revolut Make it Much Easier to Open Accounts, According to a Recent Review
Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, whi
Indian Motorcycles Offering Discounts Of Up To Rs 6.7 Lakh
The discount is valid on select BS4-compliant motorcycles manufactured in 2019 that are registered by the company in Haryana and under the company’s own name
China's Tablet PC Market Report For The First Quarter Of 2020
The epidemic has affected all manufacturers. But the most affected tablet PC maker is Lenovo. Huawei still ranks first with a market share of 40.2%.
Fewer meetings will help achieve 100% productivity, say developers in survey
Working longer hours wasn't an issue but developers said they wanted fewer meetings as it cuts into productivity. The survey found that 97% of developers who worked over 60 hours reported they were happy with their job.
UK bailout schemes could create coronavirus debt trap, warn banks
Fear businesses could face paying billions in loans just as they try to recover from pandemic
Never let a good crisis go to waste: How our food sector can save NZ's economy
The world will always need food, and New Zealand is enviably positioned to capitalise on this, writes future foods expert Rosie Bosworth – but we need to take a few big steps first. It’s a bittersweet moment for New Zealand. As a nation we’ve collectively worked hard to successfully flatten the
Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4
All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200
Analysts are now noting that there is a chance this recent Bitcoin decline marks a “huge bear trap” that could be followed by further upside.
ASX to open higher, $A steady
Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.
New Bank of Canada Governor Faces Stagflation, Rosenberg Says
Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.
PCCI supports cut in corporate taxes
The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.
Arista Networks: Free Cash Flow To Drive The Stock Back To $300
Arista Networks displays a stellar balance sheet and juicy net profit margins. Discounted cash flow model points towards a return to $300/share, with prudent gr
Amazon Launches Food Delivery Service With “Amazon Food” In India
Amazon is starting to offer online food delivery, which is called Amazon Food, in Bengaluru.
Breaking Through The Glass Ceiling - A Spring For Women In Artificial Intelligence
Many women have historically seen both AI and drug discovery as predominantly male professions.
Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?
Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...
Engineering colleges to offer a bouquet of new courses this year
Students who wish to pursue undergraduate engineering degrees will have ample options in emerging and cutting-edge technologies this year.
Startup Livspace lays off 450 employees on adverse business impact from COVID-19
Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors.
Dr Reddy’s Rating: Neutral — A strong performance in the quarter
FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives
BSE, NSE shut today on account of Ramzan Id
On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.
US unemployment rate could rise to above 25% - Goldman Sachs
Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. Th
Western Areas storms Panoramic Resources recap
ASX-listed Western Areas has sent a reminder that it's not just private equity tyre-kickers that can use recapitalisations to nab strategic positions.
Top 5 Things to Know in the Market on Monday, May 25th
Top 5 Things to Know in the Market on Monday, May 25th
Who Wins In Recessions? The Rich And The Lucky
While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.
Jamaica Leads The Way In Profiling Post-Pandemic Travel And Travelers
Jamaica, and all of its famous resorts, leads the way in establishing COVID-19 protocols for 2020 travel.
OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20
Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Starting small may lead students to bigger things
Learning how to build tiny houses could set up Dunedin trainee builders for bigger things. The Dunedin Training Centre will offer a new Level 3...
Green shoots for drought-hit agricultural stocks
With many agricultural firms at multi-year highs it is easy to see why attention is on the sector. But investors must pragmatic about the cyclical challenges.
The leader in distance learning and research
Massey University which was established in 1927 is the only university in New Zealand which offers a degree in Aviation, Dispute Resolution, Veterinary Medicine and Nanoscience.
Strategies To Hire The Right Person—Virtually
Virtual hiring is here to stay. Here’s how to make it work for you.
Union minister Piyush Goyal's interpretation of an 'Atma Nirbhar Bharat'
Business leaders from across sectors interacted with Union Minister for Railways and Commerce & Industry, Piyush Goyal, during the current edition of India Today's e-Conclave 2020 Jumpstart series.
Southern Company: Still A Stock To Own?
In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.
371.67 lakh quintals of sugarcane procured in Hry
Haryana Cooperation Minister Banwari Lal on Sunday said that in the current crushing season 2019-20, all ten cooperative sugar mills of the state have procured 371.67 lakh quintals of sugarcane by May 21. The procurement is made after spending an amount of Rs 1262.54 crore, for which the payment
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Challengers beat incumbents on account opening experience
Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.
On its deathbed, tourism needs local touch to revive
As industry has no way to revive itself, state govt thinks of concepts that can make it get going As most sectors resume businesses following the easing of lockdown, tourism and hospitality sector is .
Parliament committee wants TTCL audited over unclear debts
The Parliamentary Public Accounts Committee (PAC) has called for a thorough management audit of the Tanzania Telecommunications Company Limited (TTCL) to establish areas of reform that would improve
Angel investors examine exit options in Egypt after end of holding period
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
Electric Cars For Beginners: 5 Silly Reasons To Buy A Tesla Model 3, Chevy Bolt Or Any Electric Vehicle
Consider this: an electric car is practically maintenance free.
Gold Trading Along Last Week’s Lows
Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com
Still A Lot of Value in Corporate Bond Market
Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c
Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%
Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.
India sharply cuts exposure to US govt securities to $156.5 billion in March
In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Bata India Q4 net profit down 57% to Rs 38 crore
The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.
CBIC clears Rs 11,052 crore GST refund claims since April 8
The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
South Africa’s richest people recover some lockdown losses
South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
Would Modi government move towards direct cash transfers?
Merging state and central income support schemes will make Rs 5 lakh crore available to extend basic income to poor households; this will also stop leakages.
Chinese tech giant criticises US for 'politicising business'
The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.
World Bank’s approval for Nigeria’s $1.5b cash coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...
99% MSMEs won’t benefit from Centre’s loan scheme: Chavan
As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.
Prices of Japanese premium melons plunge amid coronavirus outbreak
A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...
EDITORIAL: Reform to benefit farmers
Agriculture contributes 26 per cent of the gross domestic product.
Fed Chiefs Speak: Reading Between The Lines
On May 20, 2020, three state Fed chiefs spoke independently on what they expect the economy to do in the near future. I thought it'd be a great idea to reconcil
MULILI & SHAH: Need to lay out post-Covid-19 strategies for
Manufacturing has suffered due to mandated working in shifts and the impact of the lockdown.
Natural Gas Price: Futures point to further correction
In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont
People more worried about economic crisis than health issues from coronavirus, finds study
The study - conducted by Centre for Marketing in Emerging Economies (CMEE) at IIM Lucknow - revealed that majority (79 percent) of people are worried and surrounded by a feeling of fear (40 percent) and sadness (22 percent).
Domino Park Introduces Social Distancing Circles to Adapt to the COVID-19 Crisis
Domino Park has introduced a series of painted social distancing circles.
Firms invited to virtually network
Shrewsbury Business Chamber is inviting its members, supporters and also guests from other businesses in the community to join it for a virtual networking event.
Gold Futures: Correction lower on the cards
Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi
Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs
Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop
China's trillions towards tech won't buy dominance
China wants to bring technology into its mainstream infrastructure build-out and, in the process, heave the economy out of a gloom due only partly to the coronavirus.
Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected
Here is what you need to know on Monday, May 25: The new week has kicked off with dollar strength as the US and China have kept tensions high. Thin li
Dearly departed: 9 big sedans that simply couldn't survive South Africa
After a mere two years, the Volkswagen Arteon has been discontinued in South Africa. We look at other big sedans that failed to survive here...
Coronavirus impact: Suzuki Motor Gujarat resumes operations
Suzuki Motor Gujarat has resumed manufacturing operations at the Hansalpur plant while adhering to all the safety guidelines and precautionary measures to fight the spread of Coronavirus.
Canada's banks to cement status as solid investments in a crisis
(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
Analysis: Smart grid facilitates grid flexibility and resilience
Change in electricity consumption patterns during lockdown has put grid resilience to the test but grid flexibility is currently coping with demand shifts.
Is repurposing MGNREGA the right way forward?
MGNREGA is not the best instrument to help MSMEs in urban and rural areas. Mixing up its objectives can only lead to chaos with no value addition
Bitcoin Hash Ribbons Indicate Post-Halving Miner Capitulation Has Begun
Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in thi
Germany's DAX 30 Index: German stocks closes at highest since early March, Lufthansa & Bayer lead the way
The DAX finished the first day of the week at its highest level since the beginning of March. The rally was supported by a better-than-expected Ifo in
Covid wake-up call: Health infrastructure only 1 per cent of Smart City projects
These 69 projects, located in 55 of the 100 smart cities being developed, will cost an estimated Rs 2112.06 crore — about 1 per cent of the total Mission investment of Rs 205,018 crore.
EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure
EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass
Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus
Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch
Home Bargains, B&M and B&Q's opening times today
Full opening hours for the second bank holiday in May 2020
What every Canadian investor needs to know today
A look at the morning’s market action
The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low
Investors look to an eventual economic recovery, but credit markets may be seeing things differently
CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons
Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the
NNPC has 6,621 staff strength – Report
The Nigerian National Petroleum Corporation (NNPC) says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries
US ‘politicising business’, says Chinese anti-virus firm blacklisted from importing tech from America
President Donald Trump’s administration says Chinese tech is based at least in part on stealing foreign knowhow and is used to spy on the US
CDC: Coronavirus death rate likely just 0.26% - Technology & Health
CDC revises estimates for coronavirus death rate down to roughly a quarter of a percent. But virus remains deadlier than the flu.
Virtual Reserve Bank cash cut lowers rates
A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.
Fitch sticks to AAA credit downgrade warning
Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.
This Sticker Job For Just Rs. 1,500 Makes Suzuki Ertiga More Premium
We come across several modifications of cars and bikes but only a subtle few would apply and appeal to everyone and here is one such of the lot
AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac
The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan
USD/JPY Price Analysis: Sticks to modest gains near 50-day SMA, around 107.70 region
The USD/JPY pair held on its modest daily gains through the early North American session and was last seen trading near the top end of its daily tradi
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strang
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
ETRADE Capital Management LLC Purchases New Holdings in Docusign Inc (NASDAQ:DOCU)
ETRADE Capital Management LLC acquired a new stake in Docusign Inc (NASDAQ:DOCU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,364 shares of the company’s stock, valued at approximately $496,000. Several other hedge funds and other institutional investors have also added to […]
Supplies of smartphones, tablets, laptops hit due to lower production & distribution workforce
Two senior industry executives said brands like Apple, Xiaomi, Oppo, Vivo and Realme are facing supply issues with operational plants running at 30-35% capacity and several warehouses are not able to operate normally.
Alibaba Drops After Projecting Slowing Growth in Uncertain Times
Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.
Update: Mr Lee’s Pure Food Co’s Equity Crowdfunding Campaign Surpasses £1.8 Million During the Final Days on Seedrs
Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is now
Australia's exports fell 12% in April
The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la
Moving production lines out of China is uneasy
Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.
Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre
KBC staff sue over pension funds
Broadcaster says it’s unable to pay the sum at once.
Nordic investors turn up heat on coal in climate campaign
OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.
China's pork imports in April jump 170% to record high
China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
Government warned economy could fall off a cliff in September without more stimulus
Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...
Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic
Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Cetera Advisors LLC Sells 2,568 Shares of Marathon Oil Co. (NYSE:MRO)
Cetera Advisors LLC lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 16.5% during the first quarter, HoldingsChannel reports. The fund owned 13,013 shares of the oil and gas producer’s stock after selling 2,568 shares during the quarter. Cetera Advisors LLC’s holdings in Marathon Oil were worth $43,000 as of its most recent […]
Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope
The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.
Natural Gas Bounce - As Expected
A higher low in the energy commodity. The signs of falling production continue. Trading from the long side in natural gas. Why UGAZ is a far better instrument t
Renault must join French-German battery project: minister
Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.
ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)
ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]
High Yields From Tax-Advantaged Debt: America First Multifamily
COVID-19 has created a completely new environment. The market is still struggling with figuring out the new reality and balancing the opposing forces. Where the
JAFL Litigation Funding Partners Limited (the Company) – Press Release And Investor Update
FeltexClaimants now have until Monday 13 July 2020 to complete Stage 2 funding. The decision of Justice Dobson dated 22 May 2020 (the decision) suggests at [86] a Stage 2 trial date of 27 October 2020 for a hearing of up to 6 weeks.
Coronavirus effect: 40% travel, tourism companies may shut down in 3-6 months, says report
"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts," the report said
Moody's revises outlook on Adani Abbot Point Terminal's rating to stable
AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor
Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.
Lotteries need a loan
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
New payment to support Kiwis through COVID
Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development
Moving beyond geopolitics
In the post-COVID world, countries and tech giants should be obligated to share data in the larger interest of mankind
JetBlue Airways: Beware The Pending Capital Raise
JetBlue's 1Q commentary points to an April trough. I am less confident about JetBlue leading a recovery given its exposure to the Northeast. The ~$750 million c
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
FM’s package of no use to micro enterprises: ex-CM
‘A fresh Budget must be presented in Parliament's next session’
Industry funds pummeled by early superannuation withdrawals
The Australian Prudential Regulatory Authority (APRA) has released its weekly update on the Morrison Government’s early release policy, which reveals that another 1,650 million funds were withdrawn in the week ending 17 May, with total withdrawals topping $10.6 billion:
Door opens for Telstra as NBN 'proves itself' in lockdown
The communications minister believes the COVID era has proved the NBN has the capacity needed. But he has pledged future upgrades and hinted Telstra's InfraCo could be its eventual owner.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.
Inside the impact bid to save AAP
The consortium has already begun sounding out key AAP customers, which have indicated support for a new version of the newswire service.
COVID-19 vaccine: Top 5 Indian biotech firms developing antigens for the world
Your COVID-19 vaccine could come from one of these Indian biotech giants
Commentary: The biggest restructuring exercise facing Singapore businesses has just begun
From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...
New Zealand's media firm Stuff to be sold for a single dollar to its CEO
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists
Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020
On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »
China’s trillions toward tech won’t buy dominance
Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.
NACTO Releases Streets for Pandemic Response and Recovery in the Fight Against the COVID-19
NACTO has released guidelines to provide cities with strategies to redesign and adapt their streets for new uses both during the COVID-19 crisis.
iSignthis to End Contract with Visa, Criticises Proposed Rule Changes
iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.
Covid-19 Will Make Colleges Prove Their Worth
Online education should come at an online price.
Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief
In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive
Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%
SmartCentres, SNC and Telus see insider buying
Mindanao's trademark abaca paper is now a face mask
Tests by the Department of Science and Technology (DOST) Region 10 show that the abaca fiber mask has a filtration rate 7 times better than cloth masks and has lower water absorption than N95 masks
New payment to support Kiwis through COVID - Government
The COVID-19 crisis has had a significant impact on the jobs and livelihoods of New Zealanders.
Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role
Vermilion says it has created an executive committee to run the company instead of replacing Marino
Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan
The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister
German sentiment survey boosts stocks, Europe focuses on recovery fund
LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
True Elements’ customers can now track quality of products to ensure safety
For True Elements, a zero-sugar breakfast and snacks brand based out of Pune, the nationwide lockdown due to the Covid-19 pandemic was the ideal time to come up with one more innovation. Its customers
CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi
The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.
Precious Metals: Panic Buying Is Unsustainable
Herding behavior can sustain rallies, but the extreme in PMs is unsustainable. Gold rallies hardest when it garners the least attention. Physical buying indicat
Book sales soar as French lockdown eases
A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.
Time to hike edible oil import duties: SEA
As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p
Engineers want the Government to increase spending to stimulate the economy
The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.
HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout
Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.
COVID-19: Reps seek enforcement of local content in all sectors of economy
ABUJA-In what appears like a proactive way of tackling an anticipated harsh economic weather in the post COVID-19 pandemic era, the House o
AUD/USD Price Analysis: Upper end of the contracting triangle caps gains
The AUD/USD pair is currently trading largely unchanged on the day at 0.6530, having faced rejection at 0.6550 during the early Asian trading hours. T
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report
Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money,
Hotel owners fight to save jobs during COVID-19 crisis
As we speak, hotel occupancy rates have plummeted to less than 5% in the entire country
Europeans Save Less, Spend More As Economy Lags
European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.
Federal government launches hotline to offer businesses advice amid COVID-19 pandemic
The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.
Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%
Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.
H&J Smith looking to close stores
H&J Smith Group says it is considering closing stores in the South, affecting 175 staff, as it tries to secure its long-term future.
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.
Rand steadies, stocks open lower
At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.
Gold Price Analysis: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday.
Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media
Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st
Prices of N-95 masks down by up to 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.
'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'
With more rate cuts expected, we expect bond yields to remain soft in the near term.
Buy Strides Pharma Science; target of Rs 421: ICICI Securities
ICICI Securities is bullish on Strides Pharma Science has recommended buy rating on the stock with a target price of Rs 421 in its research report dated May 21, 2020.
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
CREDAI writes to PM Modi, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis
Slump in consumption, exports push Germany into recession in first quarter
Slump in consumption, exports push Germany into recession in first quarter
Govt procures 110 lakh metric tonnes of wheat
Due to global pandemic Corona, this time the Government had to implement lockdown, but the hard work and the spirit of the farmers of the State was the highest this time. This is the reason that this time in the history of Madhya Pradesh, the highest number of wheat purchases was recorded. In
Zimnat launches novel inflation linked funeral cover
HARARE-One of the oldest financial institutions in the country, Zimnat Life Assurance has launched an inflation linked funeral policy, Gadziriro/Lungiselelo ZWL$ Funeral Plan the first of its kind in Zimbabwe, which provides for regular review of covers and premiums on a regular basis.
Stimulus Checks Waiting For People With Little Income And No Income
People who have no income at all are eligible to get stimulus checks. People with low income are eligible to get stimulus checks. Homeless people are eligible to get stimulus checks. And, yes, people who aren’t legally required to file federal taxes can get a $1,200 stimulus check.
Drivers resort to selling fruits and vegetables
Despite the permission of the State Government to operate public vehicles during lockdown, various e-rickshaw and auto-rickshaw drivers have taken to selling vegetables and fruits during the lockdown. While some of them said that restricted number of passengers was making it hard for them to earn
Want a greener recovery? Here are three ways to do it
As policymakers search for ways to jumpstart an economic recovery, several members of Congress are renewing a push for a massive green stimulus package.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay fo
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.
India looks to store cheap oil in United States: Oil minister
India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a
Hulbert: My stock market forecast for June is likely wrong — but watch out for August
The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.
Lenovo promises to up PC building to meet working from home demand
Employees will continue to work from home after the crisis is over and Lenovo is preparing to meet increased demand for PCs.
China: Lawmaker Proposes Creation of a National Blockchain Fund
China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several economic sectors.
Spend the $60b windfall on bigger stimulus
If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.
Asian stock market: Bears keeping the reins as Hong Kong issue intensifies
With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open
Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke
Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →
How investment in nature can help the North's economy recover after lockdown
Natural assets are one of the North's greatest strengths, says IPPR North
Bharti Airtel parent eyes $1 bn from stake sale to pay off loans
Move to help telco clean up debt overhang as promoter debt also impacts ratings
Now, brokers cannot use PoA to transfer client shares
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity ma
SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters
SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only
Government to stop maize procurement by month-end
Less than half of estimated maize produce procured so far
Coronavirus | Single-day spike continues its trend for the seventh day on Monday
6,977 new infections reported along with 154 deaths. Recovery rate also up, says Health Ministry
Tech giants are embracing remote work and others may soon follow | Honolulu Star-Advertiser
OAKLAND, Calif. >> For a preview of the future of office work, watch how the biggest tech companies are preparing for a post-pandemic world.
USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles
USD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan’s likely removes of sta
Major automakers see demand for personal vehicles going up
Automakers like Maruti Suzuki, Honda, Toyota and Tata Motors expect demand for personal vehicles to go up in the country as social distancing and fear associated with COVID-19 veer people away from public transport.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart
Updates from the world of economy, markets, and finance
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Reducing neighborhood crime: Place management of alcohol outlets
Recent research suggests that neighborhood crime may be reduced by enhancing 'place management' resources in and around off-premise alcohol sales outlets, particularly at small and independent stores.
Global engines fire up again, Europe makes steady start
Europe, despite reeling under the pandemic, is steadily opening up.
Seven questions with Stuart Welch
Alphinity's Stuart Welch talks about why Cochlear has been disproportionately hurt during COVID-19, and why he prefers Transurban to Sydney Airport.
Asian shares reverse early gains, eyes on China-US trade relations
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.
BDO tops initial list of top taxpayers in 2019
A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers
Let’s support farmers and try to keep shopping locally
From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.
40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report
The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%
Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings
CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain
Harte Gold: Digging Into The Q1 Results
Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio
NZD/CAD: Downside Pressure Likely
NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,
State aid should be reviewed 'to help EU compete with US & China'
It comes after the German government and flagship carrier Lufthansa reportedly reached an agreement on state aid worth €9 billion.
Reg A+: Groundfloor Seeks Up to $10 Million in Series B Funding Round
Groundfloor is turning to SeedInvest to raise additional growth capital. Groundfloor has posted an offering page for indications of interest and, as
Lotte resumes tender offer to buy more PCPPI shares
Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products Philippines Inc. after filing an updated valuation and fairness opinion with the Securities and Exchange Commission.
Air Canada, Transat deal faces intense EU antitrust scrutiny
BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
VW ordered to buy back diesel cars it sold equipped with emission evasion software based on their current value
The decision comes after a motorist took the company to court over a Volkswagen Sharan he bought in 2014, which was equipped with the software that turned off emissions controls during testing.
Brazil turns to multilateral lenders in coronavirus crisis
BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.
Samsung sends 300 additional workers to expand its chip unit in China
The South Korean tech giant, Samsung, has sent an additional 300 workers to China for the expansion of its chip unit in the region. These workers will aid in the completion of the second chip manufacturing site in the country, despite the ongoing Coronavirus pandemic. Previously, Samsung Electronics had already sent 200 engineers to the …
Germany approves 9 billion euro aid package for Lufthansa
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...
Bajaj CT 100 BS6 and Bajaj Platina 100 BS6 are among the Affordable Bikes in the Indian Market -
Due to the lockdown people didn’t buy the bikes last month, but if you are thinking of buying a new
Delivery App Fee Caps Introduced As Restaurants Rebel
Fee caps have been introduced to protect restauranters that use a delivery app as reported by NBC. Coronavirus has hit the hospitality industry hard with
Nigeria’s GDP expands by 1.87% amid global challenges
The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019
Four ways to create more diversified and resilient portfolios
Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19
First there was JobSeeker, then JobKeeper - now it's JobMaker
Scott Morrison has signalled more federal control over skills training, accusing the states of running a system that is complex, clunky and unresponsive.
Rhumbline Advisers Increases Stock Position in Fox Corp (NASDAQ:FOX)
Rhumbline Advisers boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 9.8% in the first quarter, HoldingsChannel.com reports. The fund owned 264,628 shares of the company’s stock after purchasing an additional 23,633 shares during the period. Rhumbline Advisers’ holdings in FOX were worth $6,055,000 at the end of the most recent reporting period. Other […]
Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)
Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]
AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)
AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]
Breaking: Africa Top Brands: MTN, Dangote emerges most admired African brands
MTN, Dangote has emerged the most admired African brands at the 10th Brand Africa 100, Africa's Top Brands anniversary.
NAB's rod for its own back
NAB will reveal the results of a share purchase plan that might be heavily oversubscribed on Wednesday.
Central Bank warns people of four unauthorised financial firms in operation
The Central Bank says Aran Asset Management, MSIM Fund Management, and CMS ICAV have cloned the details of already existing firms.
ETRADE Capital Management LLC Sells 5,934 Shares of Valero Energy Co. (NYSE:VLO)
ETRADE Capital Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the oil and gas company’s stock after selling 5,934 shares during the quarter. ETRADE Capital Management […]
GBP/USD clings to modest gains, bulls await a move beyond 1.2200 mark
The GBP/USD pair edged higher through the early North American session and was last seen trading near the top end of its daily trading range, just bel
Amazon Handmade launch Rainbows of Hope storefront in support of NHS
There are 20 products available in the range with a portion of sales going to NHS Charities Together
Africa's COVID-19 recovery should harness the benefits of nature and conservation
Today, as we celebrate International Day of Biodiversity, the global community is called to re-examine our relationship to the natural world. We celebrate this day in the midst of the COVID-19 pandemic ...
Refunds likely to bury retail boost from pent-up demand
For shell-shocked consumers, mass job losses and emptier social calendars mean cash will prove more alluring than unused purchases.
COVID-19 raises posers over business interruption underwriting
FOLLOWING the lockdown across the country on the backdrop of the coronavirus, COVID-19, pandemic which crippled econo
ASX 200 Index: Australian shares start out the week 1.5% higher
Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin
[ANALYSIS] Why make the poor pay for the coronavirus response?
'It’s all a bizarre repeat of TRAIN where the poor are made to pay more so the rich can pay less. This time around, amid the COVID-19 crisis, the rich will benefit from the biggest corporate tax break in Philippine history.'
Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding
In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later
China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered
Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD
Total and Gaussin Developing World’s 1st Full Electric Aircraft Refueller Transporter
Electric Aircraft Refueller Transporter, equipped with two 30 tons fuel tanks (artist rendering – courtesy of Gaussin) Gaussin S.A. (Héricourt, France) an
Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal
The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies
Coronavirus impact: Time for employers to up skill employees
For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills
Nissan, Renault to disclose plan to slash production due to Covid shutdowns
The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022
Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure
Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.
UK's Sunak authorises bailout plan to rescue strategically important companies
LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...
The new normal: How coronavirus pandemic is changing consumer behaviour
Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which
UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down
Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August
What options are available for ethical investing?
Shariah-compliant funds and ESG investment products are among the choices available to you.
Air New Zealand sees annual underlying loss due to coronavirus
Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.
Only a few hedge funds made money in March and April. Here's how.
Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.
Coronavirus News: As more stores file for bankruptcy, 7 On Your Side looks at the future of retail
At least three major retailers have filed for chapter 11 bankruptcy protection this month as the COVID-19 crisis has crippled sales -- now experts say it might be a good time to spend those unused gift cards.
IBM, HP announce major job cuts
Although exact number of layoffs was not confirmed, reports suggest it could be in the thousands.
What To Do When Your Employer Cuts Your 401k Matching
Even many Americans that still have jobs are seeing pay and benefit cuts. 401k matching is often one of the first things on the chopping block. If your employer
The workers that make your food put their lives on the line during pandemic. Whether they’re protected now is up to you.
“Every day we risk our health and the health of our family that await us at home,” said Nelson Santiago.
ETRADE Capital Management LLC Has $597,000 Holdings in Lithia Motors Inc (NYSE:LAD)
ETRADE Capital Management LLC increased its position in shares of Lithia Motors Inc (NYSE:LAD) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after purchasing an additional 708 shares during the period. ETRADE Capital […]
Trade setup: No consensus on Nifty direction; 50DMA remains key hurdle
This makes the market more vulnerable on the higher side.
Time to take economy out of intensive care: PM
Scott Morrison will appeal to a "new sense of common purpose", with $1.5 billion in federal funding to the states as leverage, to deliver an economic recovery he envisages will take between three and five years.
Hertz car rental company has filed for bankruptcy
As a result of the COVID-19 pandemic, the Hertz car rental company files for bankruptcy protection
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.
Report: Billionaires Have Made $434 Billion During Coronavirus Pandemic
According to a recent report, American billionaires have enjoyed a huge boost in net worth in the first two months of the Chinese virus pandemic, earning around $434 billion since March 19, when many states went into lockdown.
Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]
Gold Price Analysis: Trades with modest losses, downside seems limited
Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon
Monday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
Memory-Lane Monday: Did they say anything about an offer you couldn’t refuse?
But they certainly clarified exactly what they wanted.
Is Email the Future of Journalism?
With the industry in free fall, new models are emerging.
Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst
Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever
NGOs being starved of funds
Almost all big donations are now being diverted to the PM CARES Fund, as it provides 100% tax exemption and companies’ contributions to the Fund qualify as CSR
Abiteboul believes in F1 project: ''This will be good for us too''
Renault is in heavy weather. According to several sources, the French car manufacturer has to cut back considerably and it cannot be ruled out that the Formula 1 team will suffer as a result. However, Cyril Abiteboul doesn't think so.
Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown
Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.
Salon shop owners face a cut in earnings
Drop in customers and increase in operating costs put them in soup
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay for massive deficits.
Penticton Farmers' Market could open this weekend
The Penticton Farmers' Market could open for the season as early as this weekend.Market manager Katherine Harris says they are awaiting final permits fr
Canada Revenue Agency extends some trust and corporate filing deadlines
The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1
View: With the global supply chain being reconfigured, India must intelligently restructure its economy
Indias aspirations have been whetted by its improving ease of doing business, though more needs to be done.
China’s crypto is all about tracing — and power
If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.
Eating local and plant-based diets: how to feed cities sustainably
How do you feed a city? It is one of the great questions of our time. After all, for a species that ultimately depends on plants to feed ourselves, we do tend to cram ourselves into places that are rather ...
'It's kind of glum': U.S. farmers worry as crop prices dip
American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic
Board diversity may be a COVID casualty
Boards must refrain from using the coronavirus crisis as an excuse to revert to old habits when it comes appointing directors, the Australian Institute of Company Directors said.
Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get
Survey data that are beginning to come through on the main economies for May warrant careful interpretation.
Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say
China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?
Less than 30% of fuel depots operating – DAPPMAN
’Femi Asu Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum ...
Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It
The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa
Cash for new homes the key to saving jobs, says industry
On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.
Cult favourite US hard seltzer brand White Claw is coming to Australia, following a licensing deal with Lion
Get ready: cult favourite seltzer brand White Claw is coming to Australia.
Rich, but household debt is growing: A time bomb for South Korea?
South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...
Dawn Meats reopens plant supplying McDonalds burgers
Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets
CERB payments hit $40B
A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.
The changing face of the billionaire classes
Is Europe becoming more American in its wealth creation as the US becomes more European?
Inside the Nottingham labs where drug research experts look for new treatments during pandemic
They are working together on the discovery and development of new therapeutics
RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC
RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.
South Korean cafe hires robot barista to help with social distancing
DAEJEON, South Korea: The new robot barista at the cafe in Daejeon, South Korea, is courteous and swift as it seamlessly makes its way towards customers.
With little state aid, zombie shops in Portugal fear short-lived reopening
LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.
‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy
Govt asks RBI to remove sugar from negative list as virus hits consumption
Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears
Bayer says it makes progress in settlement talks over weedkiller
Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer
Fractional Shares: Why It’s in the News
Have $5? Then you could start building wealth today.
Blockchain Adoption: China’s National People’s Congress and Parliament to Review DLT Fund Proposal
The National People’s Congress (NPC), China’s parliament and the Chinese People’s Political Consultative Conference recently began conducting their annual
PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari
The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days
Lufthansa has good prospects for future: German ministries
BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
Malls lose Rs 90k cr in 2 months: SCAI
IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t
Home, auto loan borrowers top beneficiaries of moratorium relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment
Lufthansa says Germany approves stabilization package
FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.
BMO launches online resource hubs to help clients navigate COVID-19 impacts
BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.
A ‘jet skis’ methodology can reinvigorate your middle-aged company
Launching small, independent innovation teams that are free to fail can lead to fast development of disruptive products and keep your company competitive.
Chasing Data in Enterprise XR and Beyond
Feel-good stories (like customer engagement and titillating use cases) for immersive XR applications are what we always seem to hear about these days. In a previous article,
Mexico's monthly trade deficit hits $3 billion due to virus
Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%
How the pharmaceutical sector is adapting to remote working
For an industry based largely on manufacturing and scientific research, the pharmaceutical sector has needed to adapt in novel ways in order to meet the home working requirements fostered upon it due to the COVID-19 pandemic.
As lockdown starts opening up, sales of immunity boosting foods double; FSSAI issues guidelines
Sales of immunity-boosting foods have shot up by an estimated 20-40%. Online searches for such products have gone up six-fold, with ayurvedic home remedies, giloy and vitamin C dominating, according to a report by Google.
DBB: Reopening Economies Could Lead To More Upside For Base Metals
DBB has recovered rather slowly since it reached its lowest since February 2016 on March 23. In contrast with equities, base metals have not enjoyed a fast rebo
Binance Adds ETH and XRP Options Contracts
Crypto exchange giant Binance announced on Monday the addition of Ethereum and XRP options trading facility.
Markets advance on hope of restrictions being eased globally
Subdued volumes traded on world markets as London and New York closed for holidays
Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand
Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.
Can’t Resist Splurging On Online Shopping? Here’s Why
The demand for online shopping has obviously increased since COVID-19 restrictions were put in place.
Why Entravision Communications Stock Could Be A Solid Play For Your Deep Value Portfolio
Entravision Communications is a major owner/operator of Spanish-language TV and radio stations. COVID-19 may mean an ugly Q2, and headwinds could persist throug
Ontario offers loan of up to $500M to lottery and gaming agency
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Asian shares climb, Tokyo gains on hopes for reopening
TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.
Covid-pushed business spike sends fintech ClearTax on hiring spree
At a time when most business giants are stuck in firing dilemmas, India's fintech bellwether player ClearTax is getting busier on its hiring spree.
Global shares up as recovery hopes overshadow virus worries
TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...
China's Deputies brainstorm support for businesses – Global Times
The Global Times is reporting how Chinese Deputies to the ongoing National People's Congress have suggested that the government work out more measures
IPG Photonics: Buy On Weakness
IPG owns one of the safest and strongest balance sheets in corporate America. The long-term trend of rising demand for lasers of all types puts the wind at your
Understanding VC cycles for post-pandemic success
VC investing is currently in a 'triage' stage. Here's a look at how that will change as we gradually emerge from the pandemic.
SA Express liquidators seek more powers for asset sales to free up cash
Liquidators might launch a court application for the extension of their powers so they can sell SA Express assets, cancel aircraft leases and solicit or assess bids for the airline by potential buyers. The powers would enable them to free up cash to pay the airline’s creditors, who are owed more than R2.5bn.
Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds
Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com
British cheesemakers call on consumers to buy Stilton as sales plummet 30%
The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.
Responding to the Covid economy Part 1: Understanding supply and demand shocks — Ong Kian Ming
MAY 25 — It has been more than 2 months since the 18th of March 2020, which was the start of the movement control order (MCO) in Malaysia. The full extent of the negative economic impact domestically will not be known for a few months. But as we approach the 9th of June, 2020, and hopefully, the...
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
Drone Deliveries In Canberra Surge 500%
Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery volumes.
South African taxpayers to pay for ban on cigarettes and alcohol: expert
The South Africa Revenue Services (SARS) has predicted that it will lose around 15% to 20% of its tax revenue this year as a result of the nationwide Coivid-19 lockdown.
Cape Town based online retailer gets R100 million investment
Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.
Pandemic Receding, Investors Review The Fallout
But if we are dealing with this come July, markets are going to reassess big time.
Grocery prices start to soar
Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.
TAB makes more than 200 staff redundant
The TAB is informing staff of job losses today after a proposal to cut hundreds of roles due to the Covid-19 downturn.
Earnings Estimates Decline Further, Pushing Stock Market Valuations Even Higher
Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, SPDR S&P 500, Apple Inc. Read Michael Kramer's latest article on Investing.com
Transfer Rs 1,000 to each Indian per month: Abhijit Banerjee and Esther Duflo suggest Centre
Esther Duflo said India was already in a position to start universal basic income quickly as it had the Jan Dhan accounts-Aadhaar-mobile system in place.
Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’
The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator.
EU must present united front to shield pandemic-hit banks: regulator
EU must present united front to shield pandemic-hit banks: regulator
Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’
Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...
Tata Motors' JLR seeks COVID-19 support package in UK: Reports
Tata Motors owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.
No bad bank yet: Govt plans reforms in asset recast space
The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.
Ferronova secures $3.5m funding for cancer trials
Ferronova has developed technology to help surgeons detect if cancer causing a solid tumour has spread to surrounding cells, it has raised VC funding to prove it works.
Rally likely in oil prices but upside may be capped on uncertain demand outlook
We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.
Number of flight bookings at airBaltic up nearly 500%
Latvian national airline airBaltic reports that compared to the first full week of May, last week the number of new bookings made on airBaltic flights increased by nearly 500%. In total, last week passengers made more than 13 000 new reservations, according to airBaltic communications manager Alise Briede.
'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'
Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.
Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on
Cree Stock Headed Below $35?
Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...
Time to go digital: Important for SME sector in India to get a digital transformation
It is essential that SMEs consider rapid digitalisation to avoid loss of productivity or their competitive advantage.
Gold – the solution to a $5,300,000,000,000 money printing problem
Defend your portfolio against inflation with gold.
The Startup Trying To Take A Bite Out Of Fake News, Civics Illiteracy
These two founders have launched a company to help young readers develop good news habits, and help news companies reach them.
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
COVID-19: Worries grow that consumers won't come back to malls
Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close
Pandemic personal finance update finale: A 10-point checklist of things you should have done by now to protect or improve your money situation
This tenth, and last, instalment of the Pandemic Personal Finance Update will look at 10 steps to guard your financial well-being
KIBAARA: Smart food markets for the future way to go
The Covid-19 pandemic has revealed that open markets aren’t built for a crisis like this one.
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese home buyers are back.
Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19
Calin Rovinescu was on track to receive around $12.9 million in total compensation last year
There's Always Something To Worry About (And That's Bullish)
Persistence of worry among investors supports a bullish contrarian thesis. The 32% rally in the S&P 500 strongly suggests a new bull has begun. Online retail sa
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA - The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committ
Telford firm boosts PPE supply with 3D printing
A manufacturing service provider has produced hundreds of face shields for distribution into the NHS.
Domino Park Introduces Social Distancing Circles to Adapt to the COVID-19 Crisis
Domino Park has introduced a series of painted social distancing circles.
Library users turn to Australian authors as digital usage jumps
The annual Civica list of books borrowed from local libraries shows Australian writers are the most popular.
Short-term rates fall by 30 bps, ease working cap stress
Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.
Rushed log legislation deserves the chop - Federated Farmers
Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.
Where college debt is riskiest: graduate degrees
If you take on so much debt for undergrad and grad school and then land a job that doesn’t pay at least an equal amount right out of the gate,...
Five business groups urge Ford to halt commercial evictions amid COVID-19
Five businesses groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Covid-19 unemployment payment could result in tax bill for recipients
The Government is reminding anyone receiving the Pandemic Unemployment Payment, instituted as an emergency response to layoffs made in the wake of the Covid-19 crisis, that they could face a tax bill at the end of the year.
3 Stocks to Supplement Your Social Security Income
Companies with decent yields with the operations to support their dividends even during an economy-wrecking pandemic are certainly worth considering.
German government, Lufthansa agree on 9 billion euro aid package
Germany on Monday approved a 9 billion-euro (US$9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive commission about possible conditions.
OPKO Health: A Hero Against The COVID-19 Villain But Has To Control Those Expenses Going Forward
The company has been able to rapidly ramp up testing for COVID-19. Its revenue figures are down as sales of its other products have been affected by confinement
Pros and cons of investing in NPS for retirement saving
National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart
USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi
Mercedes-AMG boss tipped for top job at Aston Martin
The British brand's relationship with Mercedes may become stronger according to international reports.
Reliance launches JioMart online grocery service, challenging Amazon and Flipkart
Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.
4 More Oil Stocks That Could Go Bankrupt in 2020
These oil companies are on a slippery slope.
An Analysis Of Dropbox And Box For The Work-From-Home Era
Box revenues are growing but growth is slowing. R&D could improve the current offering. Quarterly earnings give hope there are still near-term headwinds. Dropbo
CEO buys struggling New Zealand media company for $1
The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.
China's pork imports in April jump 170% to record high
BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Toronto stock market rally led by cannabis while U.S. stock markets closed
Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Retail investors throng capital markets during lockdown period, says Reliance Securities CEO
While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Book sales soar as French Covid-19 lockdown eases
PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...
US-based Alsco seeks permission for Spotless Laundries
The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy.
Fast Track mergers: MCA keen to extend facility to more classes of companies
asks industry to come up with comprehensive suggestions
60 days, 56-fold growth: India now second largest PPE manufacturer
According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.
Wolves are at it again, destroying Zimbabwe’s currency
Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45
Adobe’s top tips to adapt your commerce strategy during the pandemic
Making clear and factual statements, meeting customer commitments, and ensuring business and operational continuity is more important than ever
FEC shrugs off market worries over Bourke Street tower
Of eight construction projects in Melbourne given the green light on Monday, four involved crucial amendments to existing permits.
SSI’s The Specialist now ready to assist shoppers
Upscale retailer SSI Group launches its concierge service, dubbed The Specialist, to assist customers shopping at home.
Tasty pursuits! What consumers are turning to when restaurants are shut
The demand for snack items is up, but can manufacturers keep up?
GBP/USD: Bad news on all fronts – Rabobank
Sterling is facing pressure on a variety of fronts. The prospect of more monetary policy stimulus, a deep recession and political uncertainty is set t
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Asian shares tick up, eyes on China-US trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.
Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
RBI And MPC Should Junk Monetary Policy Calendar In Times Of Covid-19, Act Preemptively To Avert Crisis
The problem is not what the RBI will or will not do, but it is more to do with the timing.
Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)
Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its […]
6,668 Shares in AmerisourceBergen Corp. (NYSE:ABC) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC purchased a new stake in AmerisourceBergen Corp. (NYSE:ABC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,668 shares of the company’s stock, valued at approximately $590,000. Other hedge funds also recently added to or reduced their stakes in […]
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...
Cadbury Dairy Milk launches limited-edition ‘Thank You’ bar replacing logo
Chocolate brand Mondelez India, in partnership with advertising major Ogilvy India, has introduced a limited-edition Cadbury Dairy Milk 'Thank You' bar by giving up the Cadbury Dairy Milk logo
S&P/TSX composite starts week higher, U.S. stock markets closed for holiday
TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.
Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]
Celsius: Hold On For The Ride
Celsius's potential TAM is massive and should support many years of strong growth. Even with COVID-19 substantially disrupting marketing, the company is still s
Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam
Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.
Lion to bring 'healthy alcohol' to Australia
White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.
Economists See China Holding Stimulus in Check Amid Uncertainty
(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
Australia’s international trade took a dive in April
The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:
Andrew Liveras doesn’t know what he’s up against
He’s getting some nice press though:
Smartphones: the perfect gateway into the trading world [Sponsored]
It used to be the preserve of the financial expert or city worker, but trading in stocks and shares has recently become accessible to...
Why Target ended up a $3.6b black hole
It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.
GBP/USD: All signs are bearish for the pound
GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,
An office designer explains how workplaces will change after the coronavirus – and, yes, hot desking is dead
When it’s all said and done, hot desking will be the least-mourned casualty of the coronavirus.
Deficit monetisation: Is it really as simple as RBI printing more money?
India has a comfortable foreign exchange reserves of $487 billion currently.
CEO buys ailing New Zealand media giant for one dollar
Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.
Copper: The pace of long positions to slow down – TDS
Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C
Investors are underestimating Beijing's response to the pandemic
Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Interpublic Group of Companies Inc (NYSE:IPG) Shares Purchased by Swiss National Bank
Swiss National Bank raised its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,918 shares of the business services provider’s stock after buying an additional 283,800 shares during the quarter. Swiss National […]
ETRADE Capital Management LLC Sells 2,520 Shares of Ball Co. (NYSE:BLL)
ETRADE Capital Management LLC decreased its position in Ball Co. (NYSE:BLL) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the industrial products company’s stock after selling 2,520 shares during the period. ETRADE Capital Management LLC’s holdings in Ball were worth $439,000 as […]
Sun rises for ITC's aggressive acquisitions
ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030
Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering
Nokia’s factory in India shuts down temporarily after employees test positive for COVID-19 *UPDATED*
Currently, most of the countries are fighting against COVID-19 and are trying their best to control it, and so is the situation in India. Even the industries are also finding it hard to come back t…
As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India?
It’s an increasingly viable option for companies anxious about sourcing from China.
Swiss National Bank Boosts Stake in Teladoc Health Inc (NYSE:TDOC)
Swiss National Bank lifted its stake in shares of Teladoc Health Inc (NYSE:TDOC) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 133,400 shares of the health services provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Teladoc Health were worth $20,678,000 at the end of […]
Albemarle Co. (NYSE:ALB) Shares Acquired by Swiss National Bank
Swiss National Bank grew its holdings in Albemarle Co. (NYSE:ALB) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,607 shares of the specialty chemicals company’s stock after acquiring an additional 77,400 shares during the period. Swiss National Bank owned about 0.39% […]
AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)
AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]
How much the average homeowner pays for insurance in the US, by state and home value
The value of your home, where you live, and the coverage level you choose can all impact your homeowners insurance cost.
Mackay Shields LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
Mackay Shields LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the technology company’s stock after selling 58 shares during the quarter. Mackay Shields LLC’s holdings […]
Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%
Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.
Twilio: Coronavirus Accelerating Positive Trends, Downside Ahead
TWLO blew out Q1 expectations, as the coronavirus did the opposite of what people expected and accelerated its business. If you think about it, this is pretty i
Compression
Risk assets are compressing to Treasuries. Part of this has been the Fear Factor as coronavirus pushed Treasury prices higher as a run towards the safest of hav
How the Sunrise Foods buy spices up business for ITC
The move strengthens the tobacco major’s push towards non-cigarette FMCG business
How SkoolBeep is helping schools communicate better with parents
The app has a range of features that ensures a smooth flow of information
With 22% returns so far in 2020, Gold ETFs could help you polish your portfolio even in trying times
Gold has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in comparison.
There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study
Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.
Dollar General: Hoping That Nothing Has Changed
Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp
Algeria announces 4GW plan to grow solar capacity ten-fold by 2025
Algeria plans to grow its solar generation almost ten-fold to support increasing domestic demand while boosting its position as an energy exporter.
The problem with the liquidity push
Even if partially successful, it will culminate in eventual default; the crisis is only likely to intensify
Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria
The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
USD/JPY looks to end day near 107.70 with small gains
The USD/JPY pair is fluctuating in an extremely tight 15-pip range on Monday as US investors enjoy a long-weekend in observance of Memorial Day. As of
Coronavirus could bankrupt German FA, warns treasurer
The coronavirus crisis could "potentially threaten" the existence of the German Football Association (DFB), its treasurer has warned Monday.
Nearly three-fourths of professionals prefer Work From Home option
Around 7 out of 10 working professionals prefer Work From Home (WFH) option.Further, close to 80 per cent believe that WFH could ensure clean air, and 65 per cent of the respondents call on the Govern
'Local box' supports vendors
Okanagan's Craft Culture has launched The Local Box to help vendors who have felt the negative impacts of markets being cancelled due to COVID-19.
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan
It is a conscious decision: Pradhan
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
Bityard: Leveraged Crypto Futures Trading With a Regulated Exchange
Bityard’s mission is to create secure, simple, and fast crypto-asset trading services for people all over the world.
USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC
Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading
Reliance starts trials of JioMart shopping portal across India
The JioMart shopping app is available via Facebook Inc’s WhatsApp, which in India has about 400 million users.
Japan said to start giving out travel vouchers from end-July – Jiji
The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave
CLT Grants Go Where Increased Need Is
“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.
Income Tax Saving: How your spouse can help you save taxes
Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving income tax. Here is how.
3 Travel and Tourism Stocks Poised for a Bull Run
The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.
Vermilion Energy president and CEO Anthony Marino steps down from company
CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.
German Startup Creates Ocean Platform to Generate Power from Waves, Wind, and Solar
A German startup has created a prototype of an impressive hybrid ocean platform that can harness power from wind, waves, and solar separately as well as all together.
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
S&P 500: The market is not going to fall off a cliff again – Charles Schwab
Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if
Flash PMI Shows Japan On Course For Record Downturn In Second Quarter
Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde
Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer
Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
French carmaker Renault could close plants and cut jobs, says union
PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...
Rushed Log Legislation Deserves The Chop
Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.
UK, Nigeria pledge to sustain trade relations amid CoVID-19
With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment
Factbox: EU recovery fund - the battle lines
BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.
Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog
European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau
Chief Executive of Ghana Commodity Exchange, Dr Kadri, says they are working to reverse the drop in trading due to COVID-19
The Chief Executive of the Ghana Commodity Exchange (GCX), Dr Alfa Kadri has said that they are working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations.
ECB Facing Testy Stimulus Debate After Call to Scrap Limits
The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus
The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.
Only technology exports can secure Australia’s future
Australia finds itself at a historically significant moment. But continued heavy dependence on the export of raw materials to one significant buyer poses an existential risk to our lifestyle.
Will The Pandemic Mean Less Age Discrimination For Boomers?
An anonymous reader quotes Psychology Today's "Boomer's 3.0" blog: More and more companies, especially those in the tech sector, are wisely concluding that the physical infrastructure constructed to put employees together in a building is largely inefficient if not unnecessary. Beyond the potential...
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
Rural Ahmedabad: 35% of Covid cases from industries
Two employees, one each from Intas Pharmaceuticals and Zydus Cadila tested positive for the virus, taking the number of positive cases to 170 in rural Ahmedabad, where 35 per cent of the infected are working in industrial clusters, according to officials.
'Companies remain fundamentally bad at risk management'
The COVID-19 pandemic has highlighted gaps in the way many organisations deal with risks in their business, especially around cyber-security.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance
This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).
GCash registrations increase by 250%
Globe Telecom Inc. saw an increase in mobile wallet users amid the enhanced community quarantine in the country.
Analysis: Will Europe unite around the EU's coronavirus recovery plan?
Euronews' political editor Darren McCaffrey looks at the splits over the EU's coronavirus recovery plan.
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
L&T Rating: Buy — A modest showing in the final quarter
FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained
Tiger Brands looking at 'significant' job losses as it counts cost of pandemic
Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.
How To Sustain And Strengthen Company Culture Through The Coronavirus Pandemic
Shape, cement and leverage company culture through difficult times.
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
Dublin-based Buymie expands its online supermarket to the UK via partnership with Co-op
Irish startup Buymie, the personalised online grocery delivery provider, has teamed-up with major supermarket Co-op to offer same-day home grocery deliveries and full personal shopping services across Bristol as a first UK city deployment. We featured Buymie this month in our list of 10 online super
Buy Colgate ; target of Rs 1520: Motilal Oswal
Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.
Productivity over meetings: Survey reveals what developers want to be more productive at work
During the survey, when developers were asked what they would need to achieve 100 percent productivity at work, 70 percent of developers opted for fewer meetings.
Safaricom retains top position as the most valuable firm in the region
It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.
Toyota Kirloskar Motor to resume manufacturing operations from May 26
The company officials are closely monitoring and evaluating the situation to gradually ramp up operations, the company added.
One-stop spot for fresh vegetables
SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d
Buy Essel Propack; target of Rs 200: Motilal Oswal
Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.
Alireza Kohany Suggest 5 Things You Can Do Right Now to Prepare for the Post-Coronavirus Business World
Is your business ready for the five largest macro-trends we are about to see? Alireza Kohany explains...
TAB to slash jobs
The sports betting agency the TAB is informing staff of job losses, after a proposal to cut hundreds of roles due to the Covid-19 downturn.
Industry insider reveals the true impact of the lockdown on the South African travel industry
An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...
Sovereign rating: Economists shrug off downgrade fear amid Covid crisis
Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.
Tiger Brands faces R500 million-plus hit to profit because of lockdown
South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.
CEO buys struggling New Zealand media company for $1
WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.
USD/JPY: Bulls targeting 108.00 catch a breath amid mixed clues
USD/JPY buyers catch a breath near 107.70 at the start of Tuesday’s Asian session. While the absence of traders from the UK and the US seems to have l
Only a Few Hedge Funds Made Money in March and April. Here’s How
Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.
Nissan and Renault shelve merger plans to repair their alliance - sources
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
Tim Wilson wants fresh inquiry into Hostplus conflicts
The federal MP has asked regulators to investigate 'vertical integration' in the industry superannuation sector.
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum capital base....
ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods
ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.
Regal, Tribeca-backed Trident Resources mulls spearing the ASX
There could be a new type of mining exposure heading Down Under before too long.
Westpac's lagging view of credit risk 'challenging'
Controversial review of Westpac systems found its inability to generate timely and granular commercial property risk data a particular problem.
Half of UK drivers say they will walk more to maintain cleaner air after the coronavirus pandemic, survey reveals
Half of UK drivers say they will walk more to maintain cleaner air after the coronavirus pandemic, according to results of a survey by motoring association AA.
‘An opportune time to invest in markets’
Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO
Coronavirus impact: Toyota will resume production from May 26
Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.
Ontario used auto dealers expect tough year ahead, prices already down
A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.
Purchase A GXT5 To Help Disadvantaged Kids Get The Education Assistance They Need
Auckland, New Zealand [May 25, 2020] – From now until the end of June, Vertiv is proudly donating $50 from the sale of every GXT5 to help support children in need in Australia and New Zealand.
NNPC, subsidiaries have 6,621 staff nationwide – Report
In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has
China's Great Wall expects mild domestic auto sales growth in H2
BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Current equity losses underline why planned exit from investment is important
In investing, the level at which you invest is just as important as the value when you exit.
Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
Last 10 days, positivity curve begins to steepen
The latest trends come as India ramps up testing from under 30,000 daily in mid-April to over 1 lakh tests now. More than 6000 new cases have been reported for the last four days in a row.
China's Great Wall expects mild domestic auto sales growth in second half
BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t
Brands, local and global, get vocal about their Indian roots
According to senior people in several companies The Indian Express spoke with soon after the Prime Minister said that every Indian “has to become vocal for their local, not only to buy local products, but also to promote them proudly”, C-level executives scrambled to come up with a plan to get the brand’s messaging across.
Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets
Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets
GBP/USD retraces three-day losses below 1.2200 on UK/US holiday
GBP/USD seesaws around 1.2180, up 0.05% on a day, during the pre-European session on Monday. In doing so, the Cable pair snaps the previous three-day
U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national
Some business risks can be prepared for in advance
Corporates will now need to fast track learning from pandemic-enforced disruptions too
Derby tea rooms to reopen for takeaways after tough few months
The family-run business was hit by Storm Dennis and then the Covid-19 pandemic
Aston Martin CEO Being Replaced With Mercedes-AMG CEO
Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston ...
Got $5,000? Then Invest It in These Cheap High-Yield Dividend Stocks.
These top-tier businesses boast sustainable yields ranging from 6.8% to 9.9%.
Hard times for Boeing, long a symbol of American might
Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.
Trade deal with Europe seems a long way off
The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.
Health, leisure worst hit by 'double dipping' ruling
A Credit Suisse analysis has found a ruling that grants regular casuals paid leave could see some industries' holiday pay bill climb by hundreds of millions of dollars.