Sun Pharma to test pancreatitis drug in COVID-19 patients in India

BENGALURU (Reuters) - Drugmaker Sun Pharmaceutical Industries Ltd said on Friday it has received Indian regulatory approval to start clinical trials of a pancreatitis drug in COVID-19 patients.

Sun Pharma to test pancreatitis drug in Covid-19 patients in India

Sun Pharma it has initiated manufacturing of the active pharmaceutical ingredient and the finished product of the drug using technology from its unit, Pola Pharma Japan.

Sun Pharma to conduct clinical trial of pancreatitis drug in COVID-19 patients

Shares of Sun Pharma rose 5 percent intraday on Friday after receiving approval from the Indian drug regulator for clinical trial of its drug on COVID-19 patients.

In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality

Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.

Total shareholders reject motion to boost climate credentials

PARIS (Reuters) - A majority of French oil major Total’s shareholders have rejected a resolution by a group of investors aimed at changing the company’s statutes to do more to meet its obligations under the 2015 Paris climate accord.

Motor racing: Renault staying in Formula One - interim CEO

PARIS (Reuters) - Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker’s restructuring measures including plans to cut 15,000 jobs worldwide.

Norway plans $369 million green industry investments

OSLO (Reuters) - The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.

Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss

The UK's biggest building society says struggling applicants should be flagged to lenders.

10 things you need to know before the opening bell

This is what traders are talking about.

Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown

Harrods outlet store opens at Westfield shopping center in London in July.

Renault to slash about 15,000 jobs in €2bn cost-cutting plan

Carmaker eyes production cuts after fall in demand during coronavirus crisis

SoftBank investment chief given 113% pay rise despite Vision Fund woes

Ex-Deutsche trader Rajeev Misra earns $15m even after historic losses at Japanese tech group

BaFin examines Wirecard chief’s share purchase

Markus Braun’s move falls within pre-results period when managers usually may not trade

Coronavirus impact: Output in eight core industries declines 38% in April

All eight core sectors reported massive decline in production during April, with coronavirus-mandated lockdowns in place. Cement and steel reported the biggest losses in output at 86 per cent and 83.9 per cent, respectively

Lockdown impact: Eight core industries' output contracts by 38.1% in April

Output of eight infrastructure sectors saw 5.2% growth in year-ago period

Core sector output contracts 38% in April owing to stalled economic activity

In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.

Output of eight infrastructure sectors contracts by 38.1% in April

During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively

India's eight core infrastructure sectors contract 38.1% in April

Massive contraction recorded amid a nationwide lockdown to contain the spread of coronavirus

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.

Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google

On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.

Vodafone Idea dismisses report of Google buying stake

"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said

Vodafone Idea issues clarification on reports of Google picking stake in company

Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before

TJ Maxx, Marshalls, HomeGoods expect to reopen end of June

TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.

TJ Maxx, Marshalls, HomeGoods expect to reopen end of June

There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.

Lifetime community rating cited for rise in low cover health plan purchases

Research suggests many first time buyers bought cheap plans with limited benefits

Lifetime community rating leads to rise in low cover plan purchases

Research suggests many first-time buyers bought cheap plans with limited benefits

Automatic refill: Driverless prescription delivery is here | ZDNet

Coming off pandemic, health is a growth sector for robots.

ByteDance plans to shift its power center from China - Gizchina.com

ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China

TikTok maker ByteDance looks to shift power out of China amid rising global tensions

TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.

Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11

Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping

Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next

Bitcoin traded lower on Friday as traders refrained from taking more significant risks amid escalating geopolitical tensions between the U.S. and China.

Warren Buffett's Berkshire Hathaway lost Bill Gates as a director this year. Here are its 14 board members.

Warren Buffett's Berkshire Hathaway lost one of its highest-profile directors when Microsoft cofounder and billionaire philanthropist Bill G...

COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch

Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.

₹32.86 crore allocated for horticulture farms in Virudhunagar

Drip and sprinkler irrigation facility to be provided under Central scheme

Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market

The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...

Stop and Shop extends 10% pay bump for hourly workers

Stop and Shop plans to extend a 10% pay increase until July 4.

Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ

Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank

Wall Street Breakfast: U.S.-China Tension Ratchets Up

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted

Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense

True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat

TMX Group: A Consistently Growing Dividend

TMX Group operates the Toronto Stock Exchange and the TSX Venture Exchange. Higher volatility levels should result in a strong Q2 (on the back of an improved Q1

Unique ETFs With Downside Protection | Part 1 - SWAN ETF

SWAN ETF is a means of participating in the upside of the S&P 500 (not by 100%) while limiting your downside significantly. Think of this as a treasury fund wit

A Few Safe-Haven REITs To Help You Sleep Well At Night

This isn't the financial crisis. It isn't the dot.com crash before that. Nor is it the Great Depression. So, we have to treat it differently.

Learning From The Ups And Downs Of The Stock Market

Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b

Tracking Robert Karr's Joho Capital Portfolio - Q1 2020 Update

Robert Karr's 13F portfolio value decreased from $671M to $386M this quarter. Joho Capital decreased Microsoft, Global Payments, and Floor & Decor Holdings duri

Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening

The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan

First Horizon National: A 6.5% Yield Your Portfolio Should Have

First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo

Booz Allen Hamilton Holding Corporation 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Booz Allen Hamilton Holding Corporation in conjunction with their 2020 Q4 earnings call.

Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt

Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved

Elastic: Attractive Expansion Around Its Core Competencies

Elastic is leveraging its core competence in IaaS search technology to expand into the fast-growing cloud security and APM markets. It also continues to maintai

Consumer confidence up for first time in five months in Japan

The figure is the second-lowest since April 2004 and lower than the 27.5 posted in January 2009 during the global financial crisis.

‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot

Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.

Friday’s small-cap stocks to watch

Our roundup of Canadian small-caps making news and on the move today

Citi indicator sees 70% chance of market losses from here

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

Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble

Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago

Faster Malaysia-Singapore entry permit vetting during MCO with myPASS

JOHOR BARU, May 29 — The Malaysian Entry Permit Application System (myPASS), a new dedicated web-based application system, is expected to deliver faster and easier processing of entry permit applications by eligible travellers from Singapore to Malaysia during the movement control order (MCO). In...

World Bank lends Philippines US$500m to counter virus impact

MANILA, May 29 — The World Bank Group approved a US$500 million (RM2.2 billion) loan for the Philippines to help it cope with the economic impact of the novel coronavirus pandemic, the Bank said today. The Philippine government will begin easing from June 1 one of the world’s toughest and...

Portugal’s once-booming tourism collapses due to coronavirus

LISBON, May 29 — Portugal’s once-booming tourism sector collapsed in April as lockdowns to contain the spread of the coronavirus grounded flights and kept visitors from the country’s largest market Britain away. The National Statistics Institute (INE) said in its flash estimate today the...

Mah Sing’s Q1 net profit falls to RM30.07m

KUALA LUMPUR, May 29 — Mah Sing Group Bhd’s net profit in the first quarter ended March 31, 2020 (Q1 2020) fell to RM30.07 million from RM55.01 million in the same period last year. Revenue declined to RM371.13 million from RM450.33 million previously. In a filing with Bursa Malaysia today, Mah...

Ringgit higher against US dollar on improved global sentiment

KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...

OGRA proposes Rs7.06 per litre cut in petrol price

Recomm­endati­on in line with decrea­se in global crude prices­

Better Buy: Magellan Midstream Partners vs. NuStar Energy

A midstream player that's changed its business or one that's stuck to its knitting? The choice isn't easy with both offering 9%+ yields.

Decoding the Stock Market: The Vocabulary of Volatility

Here are some of the most important volatility concepts for investors to know.

Got $3,000? Here Are 3 Great Biotech Stocks to Buy Right Now

One big biotech and two small biotechs especially stand out as attractive picks.

National Strategy For Careers And Employability Is The enduring Solution Grant Robertson Is Seeking

In announcing the Covid Income Relief Payment this week the Hon. Grant Robertson stated the Government is also considering an “enduring solution” to support New Zealanders experiencing job loss beyond the current crisis. The Career Development Association of New Zealand (CDANZ) welcomes this news but also asks: where is a National Strategy for Careers and Employability that would underpin such an initiative?

Here Comes The Great Coronavirus Depression

by Nomi Prins

COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway

More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.

Singapore top FDI source for India in FY20 with $14.67 bn in investments

In the past two financial years, FDI from Singapore has surpassed that from Mauritius

World coronavirus dispatch: The UK-NZ-Germany success, and Korea's haste

From carmaker Renault laying off 14,600 people, to S&P's downgrading Rolls-Royce to junk, and the third type of coronavirus transmission - read these and more in today's world dispatch

I am cautiously optimistic about demand revival in H2: TVS Motor CEO

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

Use of public transport likely to dip for 6 mnths post lockdown: CSE survey

Within six months after the lockdown, metro ridership will decline from 37% in pre-lockdown period to 16%, the CSE said.

Chevy Working On A Secret New Sports Car

Although all-electric vehicles currently account for a very low percentage of total vehicle sales in the US...

Brexit Boost: Nissan Backs Britain as It Pulls out of EU

Japanese carmaker Nissan has announced that it will retain its plant in Sunderland, England, but will be closing its factories in Spain.

Lamborghini Miura P400 Listed for $1M USD

The 1968 model is just one of 275 produced.

CWB reports Q2 profit down as provisions for credit losses soar

CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.

Amazon in talks for new Dublin office even as virus hits

Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.

Uber Says AB5 Could Cost 158,000 Drivers Their Jobs

If Uber is forced to classify drivers in California as employees, 158,000 will be out of work, the company said. Passengers could see prices rise by 120 percent.

Starling Scores $49 million From Its Investors

Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.

Mastercard Debuts COVID-Recovery Data Tools For Business, Gov’t

Mastercard is offering its data insight tools to businesses and governmental bodies looking to try and assess how to move out of the pandemic.

Goldfinch acquires 80% of Vesta for $125 million

Venture capital firm Goldfinch Partners has spent $125 million to acquire an 80% stake in fraud protection and e-commerce payments outfit Vesta.

PruPay Building Text-Based Payments System with PayPal

Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.

Heralding a new era for agriculture

While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge

BharatPe’s card-accepting machinewith zero MDR may go live in June

Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be

Asia’s pension reforms call for a multi-pillar approach

As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.

EU's Greenhouse Gas Emissions Continue To Fall As Coal Ditched

An anonymous reader quotes a report from The Guardian: Greenhouse gas emissions in the EU continued their fall in 2018, the latest year for which comprehensive data is available, according to a new report from Europe's environment watchdog. Emissions fell by 2.1% compared with 2017, to a level 23% l...

7 5G Stocks to Buy for the Future of Telecom

Sure, many investors are still obsessing over the coronavirus, but it's time to invest in the future. That's why these 5G stocks are buys now.

Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays

CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.

Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues

MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market

AMD Stock May Look Weak, but There’s Still Lots of Opportunity

It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.

SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic

SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.

AUD/USD trades at fresh session highs near 0.6660 ahead of key US data

The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over

EUR/CHF: Base completed with next resistance at 1.0710/17 – Credit Suisse

The EUR/CHF short-term trend has accelerated to the upside, with key resistance seen at 1.0710/17, ahead of 1.0772/88, per Credit Suisse. See: EUR/CHF

When is the Canadian GDP report and how could it affect USD/CAD?

Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C

EUR/JPY Price Analysis: Scope for a test of 121.00

The march north in EUR/JPY remains unabated and it has already left behind the 119.00 yardstick. The cross is now flirting with the key 4-month resist

Inertia and the power grid: A guide without the spin

The power grid is evolving to include ever-higher levels of wind and solar generation—which do not provide inertia, historically a key source of grid reliability. Should system planners and operators ...

Really Australia, it's not that hard: 10 reasons why renewable energy is the future

Australia's latest greenhouse gas figures released today show national emissions fell slightly last year. This was by no means an economy-wide effort—solar and wind energy did most of the heavy lifting.

UK Seizing £150 Million From Dormant Accounts Proves Why We Need Bitcoin

Less than a week ago, the Government of the United Kingdom ‘unlocked’ £150 million from dormant accounts to help tackle the coronavirus pandemic. While it

P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver

Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak

Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support

The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis

Lockdown 4.0 May Be Last Of Its Kind; Economic Revival Is Now Everybody’s Priority

We should see June as the transition month for a changeover from Lockdown 4.0 to Revival 1.0.

Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant

Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.

Two-Mile-Borris' Blackcastle Farm sausages for Aldi from this Sunday

The amazing 1% fat  beef sausages will be on sale from this Sunday for a week as part of Aldi Grow project

Bharti Infratel share price doubles from March lows, stock gains 8% today; check new target prices

Brokerages seem to be bullish on Bharti Infratel stock and see the upside of nearly 23 per cent. Amid lockdown restrictions, Bharti Infratel last month extended its deadline for completion of a merger with Indus Towers to June 24.

This telco stock has doubled in two months; eyes fresh highs

Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year

Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss

Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.

Work and wellbeing bounce back during coronavirus crisis

Government measures to arrest the economic impact of COVID-19 have helped stop further job losses and declines in working hours, new analysis from The Australian National University (ANU) shows.

Madras High Court slaps notices to Franklin Templeton MF, Sebi, says Investors Group

SpiceJet gets DGCA approval to conduct drone trials, plans delivery of essentials in remote areas

A SpiceXpress-led consortium had submitted a proposal to the regulator for conducting experimental Beyond Visual Line of Sight (BVLOS) operations of remotely piloted aircraft in response to a DGCA notice inviting Expression of Interest.

Punjab Govt hikes MBBS fee by 80%; Twitter says 'will discourage brilliant students from poor families'

Circor: 1Q Earnings Snapshot

BURLINGTON, Mass. (AP) _ Circor International Inc. (CIR) on Friday reported a loss of $78.9 million in its first quarter.

Rupee rises 11 paise to 75.65 against US dollar in early trade

The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors

Renault to cut 15,000 jobs, save RM9.7 billion by 2024

Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses

SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…

The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.

Formula 1: Williams considers sale of team as board struggles from £13 million loss in 2019

Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review.