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

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

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

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans "several thousand remaining layoffs" in coming months but did not say where those would take…

Boeing Cuts Jobs for 12,000 Workers in the US

Boeing has been reeling from a drop in demand for aircraft, as travel plunges amid the pandemic and worsens the pressure on the company, which was already in crisis...

Boeing slashes 12,000 jobs

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

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

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

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

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

Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned

Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...

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

By David Shepardson WASHINGTON (Reuters) - Boeing Co said Wednesday it was eliminating more than 12,000 U.S.

Boeing cutting more than 12,000 US jobs, thousands more planned

WASHINGTON, May 28 — Boeing Co said yesterday it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in...

Boeing cutting more than 12,000 US jobs, thousands more planned

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...

Boeing cutting more than 12,000 US jobs with thousands more planned

Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...

Boeing cuts 12,000 jobs, resumes production of grounded jet

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

Boeing Slashes Over 12,000 US Jobs Amid COVID-19, Thousands More Planned

Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.

Boeing slashes 12,000 jobs as coronavirus impacts travel industry

A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic

Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.

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

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

COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry

Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day

Boeing job cuts start to hit nearly 13,000 workers

A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.

Boeing sends layoff notices to more than 6,000 employees

May 27 (UPI) -- Boeing said Wednesday it is laying off more than 6,000 employees in the first phase of its plans to reduce its workforce by 10 percent as the airline industry reels from the coronavirus pandemic.

Boeing to axe 12,000 US workers even as Max assembly resumes

Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’

Boeing workers cope with the virus threat as layoffs loom

Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore

Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg

Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis

Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

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

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing cuts 12,000 jobs, resumes production of grounded jet

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

Boeing cutting more than 12,000 US jobs, thousands more planned

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...

Renault-Nissan-Mitsubishi deepen their alliance

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

Renault-Nissan-Mitsubishi deepen their alliance

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen their alliance, a top global producer of cars, that only months ago seemed on the verge of breakup.

Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.

Nissan-Renault alliance to share more parts, technology

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

Nissan-Renault alliance to share more parts, technology

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

Renault-Nissan-Mitsubishi plan to deepen cooperation

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and

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

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

Renault and Nissan rule out merger

As they unveil survival plan.

Renault's Senard says it does not need to merge with Nissan

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan (7201.T) and Mitsubishi (7211.T).

Renault's Senard says it does not need to merge with Nissan

Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi. "We do not need a merger to be efficient," Senard said at a news

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

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

Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

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

Renault and Nissan rule out merger as they unveil survival plan

Companies to cooperate more closely on car production to save costs

Renault and Nissan rule out merger as they unveil survival plan

PARIS/TOKYO (Reuters) - Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.

Renault and Nissan rule out merger as they unveil survival plan

Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...

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

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

Nissan and Renault unveil steps to cut costs and revamp alliance

Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

TOKYO (Reuters) - Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

Renault SA , Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in ...

Nissan and Renault Divvy Up Production Responsibilities

Nissan and Renault opted against a full merger on Wednesday, but neither side seemed to feel now was the time to disband the alliance and see how they might fare as a solo act. Every member of the Renault–Nissan–Mitsubishi Alliance took time to address financial concerns last year, encouraging further product integration as a cost-mitigation strategy. […]

Renault and Nissan scrap Ghosn strategy in move to slash costs

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

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

As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic

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

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

Renault could build cars at Nissan’s Sunderland factory in the future

The Renault Nissan Mitsubishi Alliance has been outlining its plans for the future.

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

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

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

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

Nissan's Future Is About To Be Decided

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

Nissan-Renault alliance to share more parts, technology

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

European Commissions unveils €750-billion recovery plan

The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday

EU Commission: European recovery plan and next long-term budget to use €1.85 trillion

The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

EU proposes 750 billion-euro coronavirus recovery fund

BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over...

EU proposes €750 billion coronavirus recovery fund

The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.

European Commission proposes €750B EU recovery package

‘Today we face our very own defining moment,’ Ursula von der Leyen says.

Greece “will invest, not spend, its share” of the EU €750 billion recovery plan

Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government

EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis

The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.

Pandemic recovery funds could help jump-start European Green Deal initiative

The €750 billion recovery plan and the separate €1.1 trillion budget for 2021–27, which were unveiled Wednesday, have earmarked billions for renewable...

EU’s Von der Leyen to unveil trillion-euro recovery plan

Brussels, Belgium | AFP |  European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states. The global coronavirus outbreak has thrust the EU into its deepest ever recession, and Von der Leyen’s proposal will set out to help …

EU reactions to Commission 750 bln euro coronavirus recovery scheme

BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan

Von der Leyen seeks to rally Europe behind ‘next generation’ recovery plan

European Commission president to pitch for a huge increase in spending power

Battle ahead for EU's massive virus recovery plan

If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.

Battle ahead for EU’s massive virus recovery plan

Brussels, Belgium | AFP | European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it. The global coronavirus outbreak has already thrust the EU into its deepest ever recession, and Von der Leyen’s proposal would help the worst affected countries. But …

Brussels wants €750bn borrowing power to fund virus recovery

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

Factbox: Key climate spending in EU's 'green recovery' plan

BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.

Europe Proposes $823 Billion Pandemic Aid Package

To bring a divided and battered continent together, the chief executive of the European Union on Wednesday laid out an ambitious $823 billion plan to help Europe recover from the coronavirus pandemic and move toward a greener and more technologically advanced future.

Von Der Leyen: Europe's next generation will benefit from rescue deal

European Commission president tells Euronews that the massive stimulus package is 'Europe's moment'.

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

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

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

The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...

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

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

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe but will have to win over sceptical member states to push it through.

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

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

IEA forecasts a 20% drop in global energy investment in 2020

The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic

Global energy investment to drop by $400bn

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

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

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

IEA: Covid-19 crisis causing biggest fall in global energy investment in history

In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in

COVID-19 crisis is causing biggest fall in global energy investment in history: IEA

The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions

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

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

Virus sparks record drop in energy investment – IEA

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

Virus sparks record drop in energy investment: IEA

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

Virus sparks record drop in energy investment: IEA

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

Virus sparks record drop in energy investment: IEA

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

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history

Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.

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

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

COVID-19 crisis causing biggest fall in global energy investments

Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new report released today. The unparalleled …

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

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

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

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

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore

Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg

Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

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

Japan's new stimulus package to be worth ¥117.1 tril

Japan will compile a new 117.1 trillion yen ($1.1 trillion) stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world's third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra…

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

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

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

Japan OKs funds for US$1.1T stimulus to fight pandemic woes

Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.

Japan doubles down on stimulus with extra $1 trillion in aid

Package includes financing for companies, rent subsidies and healthcare assistance

Japan outlines fresh stimulus package for virus-hit economy

'With this world's biggest package equivalent to 40% of our GDP, we'll protect the Japanese economy through this once-in-a-century crisis,' says Prime Minister Shinzo Abe

Japan outlines fresh stimulus package for virus-hit economy

Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus pandemic tipped the ...

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

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

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

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

Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout

The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.

Japan's new budget to include US$302b in direct spending, reports Mainichi

TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...

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

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

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

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

SpaceX: Elon Musk's spacecraft launches today but here's how it could land closer to Kerry than outer space

A spacecraft that is expected to launch from American soil tonight could end up landing closer to Co Kerry than in outer space.

Elon Musk's SpaceX chases history with launch while bigger hurdles loom

SpaceX's first flight with humans aboard is spurring the competitive space industry to new heights, with Boeing also preparing to carry people to orbit

Elon Musk: Space entrepreneur’s race to Mars

Where did Musk’s obsession with Mars come from and how are current plans progressing?

LETTER: Elon Musk and Tesla to Nevada?

Bad move — he should try Texas.

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

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

Elon Musk rocket launch postponed due to bad weather

Craft was to be the first private enterprise vehicle in history to take humans into space

Binoculars at the ready: Elon Musk rocket to be seen in Irish skies tonight

SpaceX craft will be the first private enterprise in history to take humans into space

Watch out for SpaceX rocket in the skies tonight

A rocket from Elon Musk’s SpaceX may be visible above Suffolk and north Essex later tonight - if the skies remain clear.

What The Average American Should Know About The SpaceX Crew Dragon Launch

Here are a few talking points to help you make sense of the SpaceX Crew Dragon mission - the historic first private manned mission to space.

Weather delays SpaceX’s first astronaut launch from Florida

CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was forced by foul weather to scrub a planned launch on Wednesday of two Americans into orbit from Florida, a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

SpaceX launch postponed due to bad weather

Just minutes away from take off, and SpaceX has had to call of its historic launch. Billionaire entrepreneur Elon Musk’s company was set to become the first private company to launch astronauts into…

NASA and SpaceX's launch was postponed, but at least we got to see their wildly corny spacesuits

The much-heralded joint launch between NASA and Elon Musk's SpaceX was postponed on Wednesday due to light rain in Florida. It was a disappointing anticlimax for the first manned space launch from American soil since 2011 — all systems were "go" just an hour before astronauts Robert Behnken

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

NASA set to resume human spaceflight from US soil after nine years with historic SpaceX launch

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of

NASA set to resume human spaceflight from US soil with historic SpaceX launch

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on ...

Elon Musk: Space entrepreneur’s race to Mars

Where did Musk’s obsession with Mars come from and how are current plans progressing?

Lufthansa bailout 'in Europe's best interests'

German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) - Lufthansa's $10 billion government bailout was thrown into doubt on Wednesday after the German airline's supervisory board refused to accept the conditions attached by Brussels. The board, which had been expected to sign off on the aid, instead refused EU requirements that Lufthansa permanently give up take-off and landing slots at Frankfurt and Munich airports, where it commands a two-thirds market share. The bailout plan nevertheless remains

Lufthansa refuses to accept EU conditions on $10-billion bailout

Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.

Lufthansa board rejects EU conditions on US$10 bln bailout

German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...

Lufthansa supervisory board unable to approve bailout package

Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...

Lufthansa supervisory board postpones approval of bailout package

Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...

Lufthansa says currently ‘unable to approve’ state rescue over EU conditions

FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...

Ryanair condemns 9 billion euros state aid to Lufthansa

Ryanair condemned the German Government’s decision to award 9bn euros of State Aid to Lufthansa on top of the extensive payroll support already given to the German airline, which will further strengthen Lufthansa’s monopoly like grip on the German air travel market. The German and French Governments continue to provide enormous State Aid to their companies, many of whom do not need it, which distorts competition with other providers across Europe. Non-State Aided airlines like Ryanair, EasyJet, BA and others, will

Merkel vows a ‘tough fight’ with Brussels over Lufthansa rescue

Merkel and Vestager brace for a fight over how far Berlin can go to save its flag carrier.

New turbulence in high-stakes Lufthansa rescue drama

Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'

New turbulence in high-stakes Lufthansa rescue drama

Coronavirus-stricken airline group Lufthansa wavered Wednesday on grabbing a nine-billion-euro ($9.9 billion) German state lifeline, throwing up new turbulence for a rescue that could decide the fate ...

Lufthansa says 'unable to approve' coronavirus rescue over EU conditions

Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.

Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions

Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.

State ownership of airlines may be side effect of coronavirus

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

Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions

Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.

Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions

Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.

HP Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by HP Inc. in conjunction with their 2020 Q2 earnings call.

Photronics, Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Photronics, Inc. in conjunction with their 2020 Q2 earnings call.

Bank of Montreal 2020 Q2 - Results - Earnings Call Presentation

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Net 1 UEPS Technologies, Inc. 2020 Q3 - Results - Earnings Call Presentation

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New Frontier Health Corporation 2020 Q1 - Results - Earnings Call Presentation

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Itamar Medical Ltd. 2020 Q1 - Results - Earnings Call Presentation

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Columbus McKinnon Corporation 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Columbus McKinnon Corporation in conjunction with their 2020 Q4 earnings call.

Royal Bank of Canada 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Royal Bank of Canada in conjunction with their 2020 Q2 earnings call.

Golden Ocean Group Limited 2020 Q1 - Results - Earnings Call Presentation

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Star Bulk Carriers Corp. 2020 Q1 - Results - Earnings Call Presentation

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Box, Inc. 2021 Q1 - Results - Earnings Call Presentation

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Petropavlovsk PLC 2019 Q4 - Results - Earnings Call Presentation

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Prosafe SE 2020 Q1 - Results - Earnings Call Presentation

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Keysight Technologies, Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Keysight Technologies, Inc. in conjunction with their 2020 Q2 earnings call.

NetApp, Inc. 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by NetApp, Inc. in conjunction with their 2020 Q4 earnings call.

Google faces antitrust case in India over payments app

The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential

Google may face antitrust case in India over payments app

The Google antitrust complaint alleges the company is able to leverage its strong position in the Android market to promote the app, the first source added. Android mobile operating platforms power around 98% of the 490 million smartphones in India, data from Counterpoint Research showed.

Google faces antitrust case in India

Plaint says it promotes payments app in its Android store, giving it unfair edge

Google faces antitrust case in India over payments app: Report

India Business News: The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote it

Exclusive: Google faces antitrust case in India over payments app - sources

India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile ...

Exclusive: Google faces antitrust case in India over payments app - sources

NEW DELHI (Reuters) - India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.

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

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

Payments app: Google comes under CCI lens

India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the

Google to face another antitrust investigation in India - Gizchina.com

Google to face another antitrust investigation in India. The Indian Competition Commission (CCI) is already looking into the case

Google faces antitrust case in India to unfairly promote its mobile payments app in country

India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters

Google faces India mobile payments competition claim

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

Google may face an antitrust case in India over the unfair promotion of its payment apps

India's antitrust body Competition Commission of India (CCI) has filed a case against Google a few days back. CCI is investigating Google's practice of promoting Google Pay app on the Play Store.

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

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

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

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

Anant Ambani joins Jio Platforms as director

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

Anant Ambani follows 2 older siblings, joins Jio as director

Anant Ambani (File photo) MUMBAI: More than five years after his older siblings were appointed to the boards of key … Anant Ambani follows 2 older siblings, joins Jio as director Read More »

With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China

Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.

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

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

Is India's richest man Mukesh Ambani betting on US-China tech war?

US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate

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

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

Reliance Jio pushed internet usage in India, coronavirus to accelerate it further: Morgan Stanley

While Mukesh Ambani’s Reliance Jio brought telecom services revolution in India, the coronavirus pandemic will give a further push to digital adoption in the country as more and more people take to e-commerce to buy products.

RIL launches WhatsApp chatbot to answer rights issue queries

Reliance Industries Ltd (RIL), a company controlled by Asia’s richest man Mukesh Ambani, has launched a chatbot to provide answers to shareholders on its ₹53,125-crore rights issue.The chatbot, the fi

A Tech Billionaire May Find Use in a Cold War

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

Companies Act amended to make PM CARES Fund eligible for CSR contributions

Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.

Contributions to PM CARES Fund will be considered as CSR: Centre

The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime

Donations by companies to PM-CARES Fund notified as CSR, says govt

Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund

Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News

New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »

Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.

Govt amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law

Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure

India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp

Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure

NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »

Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds

The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28. 

Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates

Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...

PM CARES now eligible to receive contribution under CSR; govt amends Act

The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26

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

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

Nokia Shuts Plant in Tamil Nadu After 42 Employees Test Positive for COVID-19

Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19.

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

NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...

Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report

Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.

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

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

Nokia shuts Tamil Nadu plant after 42 employees test positive for Coronavirus

Chinese smartphone maker OPPO last week suspended operations at a recently re-opened plant on the outskirts of New Delhi after at least nine workers tested positive for the novel coronavirus.

Coronavirus crisis: Nokia closes Tamil Nadu plant after 42 employees test positive

Nokia, however is not the first factory to shut down over coronavirus cases. Chinese smartphone company OPPO suspended its operations at a Greater Noida factory after 6 workers tested positive for COVID-19 last week

Nokia shuts factory in Tamil Nadu after 42 test positive for COVID-19

Earlier this month, Nokia shut down its manufacturing plant in Tamil Nadu, India. The company made the move after employees tested positive for the Coronavirus infection. While the official numbers weren’t given out, a source close to the situation claimed that the infected number of people reached 42. Back when the COVID-19 cases had initially …

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

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

Tamil Nadu reports 817 new positive COVID-19 cases, death toll rises to 133

Six more COVID-19 deaths in Tamil Nadu took the death toll on Wednesday to 133.

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

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

Tesla to cut car prices in North America, China

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

Tesla to cut car prices in North America, China

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

Tesla to cut prices for some models in North America, China

U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, ...

Tesla cuts prices by as much as 6% in North America to boost demand

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.

Tesla cuts prices by as much as 6% in North America to boost demand

BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.

Tesla slashes EV prices by as much as six percent in North America

Tesla has slashed the price of its electric vehicles by as much as six percent in North America due to waning demand caused by the ongoing Covid-19 pandemic.

Tesla reduces car prices in North America and China

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

Tesla cuts prices by as much as 6per cent in North America to boost demand

BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...

Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump

Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.

Tesla Slashes Prices By Up to $5,000 on Almost Every Vehicle Line

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Tesla knocks $5,000 off Model X price as coronavirus hurts demand

Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model

China traders buying Hong Kong stocks like never before

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

Global stocks mixed on unease over Hong Kong security law

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

Global stocks mixed on unease over Hong Kong security law

Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.

Asia stocks mixed on uncertainty over Hong Kong security law

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

Asia stocks mixed on uncertainty over Hong Kong security law

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

Asia stocks mixed on uncertainty over Hong Kong security law

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

Asian stocks pull back as Hong Kong uncertainty weighs

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

Hong Kong unrest worries curb global shares rally

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

Hong Kong unrest worries curb global shares rally

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

Stocks, euro rise on massive EU stimulus plan

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

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

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

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

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

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

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

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

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

Boeing starts job cuts with 6,770 layoffs in U.S. this week

Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.

Boeing set to announce significant US job cuts this week

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

Boeing set to announce significant US job cuts this week

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

Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week

Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.

Boeing begins involuntary layoffs, but defense biz to remain mostly untouched

Only about 100 of the more than 6,000 Boeing workers to be laid off this week will come from its defense division.

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

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

ThredUp Is The Win You Didn’t Know Walmart Needed

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

Walmart Goes Full-Throttle on Resale With ThredUp

As part of an ongoing mission for fashion dominance, Walmart enters resale.

Walmart teams with ThredUP to sell used clothing online

NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.

Walmart, ThredUp Join Forces For Second-Hand Clothes

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

Walmart partners with online fashion reseller thredUP

May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.

Walmart partners with thredUP to offer new and pre-owned clothing

Shoppers can now purchase thredUP's secondhand wares through Walmart.com.

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

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

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

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

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

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

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

Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg

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

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

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore

Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg

Tuesday Morning becomes 5th big retailer to file Chapter 11; 230 stores to close

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Discount chain QD reopens six more stores

A discount retailer is reopening a further six of its stores around East Anglia.

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

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

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

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

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

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

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

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore

Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg

Teens are getting into their dream schools as colleges dip into their waitlists during the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - Experts say some students are reluctant to commit to schools, and a drop in enrollment could force schools to dive deep into their waitlists.. Read more at businessinsider.sg

Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic, Business Insider - Business Insider Singapore

Business Insider - The Tesla Model X SUV and Model S sedan are $5,000 cheaper, while the Model 3 got a $2,000 cut. The move comes as COVID-19 tanks overall car sales.. Read more at businessinsider.sg

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades, Business Insider - Business Insider Singapore

Business Insider - From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.. Read more at businessinsider.sg

68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore

Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg

International students are torn on whether to study in Britain as universities contemplate virtual classrooms, Business Insider - Business Insider Singapore

Business Insider - One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.. Read more at businessinsider.sg

Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore

Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg

Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore

Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg

Google to begin reopening offices in July

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

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

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

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

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

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

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

Google May Reopen Some Of Its Offices Starting July 6

Google is looking to start bringing some of its employees back to work physically, as it plans to reopen some of its offices starting July 6. What's more

Google to reopen offices from July 6, gives workers $1,000 each

Google has set July 6 the date for its employees to return to office in a gradual, phased manner and has announced to give $1,000

Google to reopen offices from July 6, gives workers $1,000 each

Google's original plan was to keep work from home policy until June 1

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

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

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

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

SBI Home, Personal Loan EMI moratorium extended by three months! Bank notifies customers

SBI today said in a statement that it has also proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions

SBI simplifies EMI deferment process

India Business News: India's largest lender by assets State Bank of India on Wednesday said following RBI's extension on EMI moratorium by another 3 months - it has decide

SBI Simplifies Loan EMI Deferment Process. Here Is How To Do It

State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers.

SBI customers to SMS ‘yes’ for moratorium

State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,

SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all

SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''

The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions

SBI extends moratorium on loans by three months

Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.

Worried about how to defer EMI? For SBI borrowers, this would be lot more easy

State Bank of India slashes FD rate by 40 bps, second cut in May

The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request

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

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

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

The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.

India may need to pump Rs 1.5 L crores into coronavirus-hit state banks

India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump $20 bln into coronavirus-hit state banks: Sources

India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise

Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.

Government may need to pump $20 billion into coronavirus-hit state banks: Report

India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du

Government may need to pump $20 billion into coronavirus-hit state banks: Report

MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »

India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks

India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

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

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

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

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

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

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

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

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

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

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

Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses

Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier

RBC profit falls 54 per cent

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

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

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

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

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

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

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

Torstar shares climb after privatization deal with NordStar Capital

TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.

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

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

New owners of Torstar face financial, political challenges

TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze

TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.

ByteDance Hit $3 Billion in Net Profit Last Year

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

ByteDance has become the world's most valuable startup - Gizchina.com

ByteDance has become the world's most valuable startup. The company is the parent company of the controversial TikTok app

I've not stepped down as AfDB president, says Adesina

African Development Bank (AfDB) President Dr. Akinwumi Adesina has denied stepping down from office.Adesina, in a statement, said “the bank’s...

Akinwumi Adesina has not stepped down as AfDB President – Oladokun

In the face of the call by the United States government for a fresh investigation into some allegations against the Akinwumi Adesina

I’ve not violated AfDB’s code of ethics – Adesina

The President of the African Development Bank, AfDB, Dr Akinwumi Adesina, has reiterated his confidence in the integrity of the Bank

AfDB:I maintain my innocence on allegations – Adesina

Adesina said this in a statement he personally signed and issued on Wednesday.

AFDB crisis: Adesina maintains innocence over allegations of nepotism

PRESIDENT of the African Development Bank (AFDB) Akinwunmi Adesina has maintained his innocence with regards to the various allegations against him. In a statement personally signed by Adesina, he expressed confidence in the integrity of the bank, its governance systems as well as its rules and procedure. Recall that Adesina was recently accused by a […]

Report: AfDB succumbs to US’ demand, agrees to independent probe of Adesina

This comes after US treasury secretary rejected the report of the bank's ethics board which absolved Adesina of allegations of favouritism.

AfDB board bows to US pressure to probe its president

Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the

US Treasury pressure leads to new probe of African Development Bank chief

Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.

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

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

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

Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...

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

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

Dow climbs 325 points as investors cheer efforts to boost global economies

US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.

Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore

Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg

Dow climbs 350 points as investors cheer efforts to boost global economies

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Fewer cancellations on second day of domestic flights

The second day of resumption of domestic flights witnessed fewer cancellations as more passengers took to the skies on Tuesday. Civil Aviation Minister Hardeep Singh Puri said airports across the

Day 3 of domestic flights: Airports handle 354 departures till 5 pm, says Puri

Domestic services resumed on Monday after a gap of two months, and 428 flights were operated within the country that day.'Till 5pm on day 3 today, there have already been 354 departures & 288 arrivals with a total of 47,917 people at various airports,' said Puri

354 domestic flights soar the skies on day 3: Aviation minister

354 domestic flights soar the skies on day 3: Aviation minister. Domestic passenger flights are currently permitted to operate from all airports in the country except the ones in West Bengal.

Numbers continue to grow, 354 domestic flights operated till 5pm today: Aviation Minister

After two months of being grounded, India resumed its domestic flight services on Monday with 428 flights functioning on day one.

Domestic flight services in India: 445 flights carrying 62,641 passengers operated on May 26, says Hardeep Singh Puri

Services were resumed on Monday after a gap of two months and 428 flights were operated within the country on the same day.

445 domestic flights carrying 62,641 passengers operated on Tuesday: Aviation Minister

A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday

Preparations in Full Swing as West Bengal to Resume Domestic Flight Operations From Tomorrow

Starting from May 28, the Kolkata and Bagdogra airports will each handle 10 arrivals and 10 departures per day.

Day 2: Airline operations smoother, but AI faces ire

Operations at India's airports were smoother on the second day after the chaos that marked the resumption of domestic flights on Monday.

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

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

South Africa's SAA aims to resume domestic flights from mid-June

South Africa's SAA aims to resume domestic flights from mid-June

South Africa's SAA aims to resume domestic flights from mid-June

South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...

Administrators rule out mid-June return for SAA flights

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

Administrators deny South African Airways set to start flying

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

Administrators deny South African Airways set to start flying

JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.

Administrators deny South African Airways set to start flying

South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...

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

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

News Corp to stop printing more than 100 Australian regional papers

Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…

News Corp to axe hundreds of jobs

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

News Corp to cut hundreds of jobs in restructure

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

Hundreds of jobs to go as News Corp confirms restructure

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

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

News Corp to axe hundreds of jobs

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

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

Latam becomes largest airline driven to bankruptcy by coronavirus

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

LATAM becomes largest airline driven to bankruptcy by coronavirus

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

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

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

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

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

Latam Airlines seeks bankruptcy protection as travel slumps

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

Why Latin American airlines are going belly-up?

The move allows Latam Airlines Group to keep operating while it works out a plan to pay creditors and turn around the business.

Is American Airlines Worth Saving?

The U.S. airline industry is in the process of moving from payroll support grants which most carriers received to carrier-specific and optional loans from the U

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

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

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore

Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg

Economists expect another 2.1 million Americans filed for unemployment insurance last week

The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.

Economists expect another 2.1 million Americans filed for unemployment insurance last week

Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.

Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore

Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg

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

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

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

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

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

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

After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus

Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.

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

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

States need to Raise 20 Lakh Crore rupees to Fight Coronavirus -

Union Minister Nitin Gadkari on Wednesday said that in the wake of the crisis arising out of the Covid-19 pandemic,

More liquidity needed, states should come forward with Rs 20 trn: Gadkari

Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"

Merkel: We have to make clear pandemic not over

BERLIN (Reuters) - German Chancellor Angela Merkel said on Wednesday it has to be made clear that the coronavirus pandemic is not over and basic measures such as social distancing and wearing face masks are still needed.

German Presidency in EU to Prioritize Relations With US, China, Merkel Says

BERLIN (Sputnik) - Relations with China and the United States, as well as broader transatlantic cooperation, are going to be the priorities of Germany's upcoming...

Merkel: German states taking increasing responsibility for coronavirus steps

BERLIN, May 27 — Germany’s federal government is monitoring the coronavirus closely but practical responsibility lies increasingly with the 16 states, Chancellor Angela Merkel said today, adding care must be taken to avoid the virus spreading fast again. “We are still at start of the...

Germany can't confirm Merkel will attend G7 in person: spokeswoman

BERLIN (Reuters) - German Chancellor Angela Merkel cannot confirm her physical presence at an envisaged summit of the Group of Seven (G7) in the United States yet, a spokeswoman said on Wednesday, adding that this would depend on how the coronavirus pandemic develops.

EU must play global role in virus crisis, says Merkel

German Chancellor Angela Merkel on Wednesday said the European Union should take more global responsibility in the coronavirus crisis, especially as ties with the United States were currently

Merkel insists on basics as states take bigger role in virus controls

BERLIN (Reuters) - Chancellor Angela Merkel has conceded more responsibility to Germany’s 16 states for tackling the coronavirus epidemic, but insisted that social distancing and mask-wearing were needed to avoid a new wave of infections.

Hawks to doves? Germany's new generation of economists

For many Europeans, Angela Merkel's change looked sudden. But the groundwork started two years ago. Germany slowly ripened for the Merkel-Macron plan. This explains why it didn't meet massive public resistance in Germany.

Boeing Resumes Production Of 737 Max At "Low" Rate

Boeing has resumed production of the 737 MAX at a "low" rate following two deadly crashes that led to the aircraft's global grounding by regulators, the company said Wednesday.

Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

Boeing resumes production of embattled 737 Max

Jet hasn’t flown commercially since March 2019 after 2 deadly crashes

Boeing Restarts Production of 737 MAX Jet Liner

The production was halted for four months following two deadly crashes in less than five months, which killed all 346 people on board, with software programming...

Boeing resumes production of its troubled 737 Max airplane

The plane involved in two fatal crashes is starting back up production.

Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers

Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.

Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore

Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg

Flights to resume in Saudi Arabia

Domestic flights within Saudi Arabia will resume on June 8

Saudi Arabian airlines to resume some domestic flights from May 31

CAIRO (Reuters) - Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, the state news agency said on Wednesday.

Saudi aviation authority denies increase in tickets prices, flights resume Sunday 

RIYADH: Saudi Arabia’s General Authority of Civil Aviation (GACA) on Wednesday denied there would be any increase in ticket prices.  GACA spokesman, Ibrahim Alrosa, said that the rumors about an 80 percent increase in domestic flight prices were false. The authority plans to operate 60 domestic flights as services resume from Sunday after Saudi authorities announced a

Saudia to operate 60 domestic flights during first phase

Saudia to operate 60 domestic flights during first phase

Saudi Arabia to open two new airports

Al Jouf and Arar airports ready to be operational from Sunday 31

KSA to resume local flights, railway operations

Riyadh – Mubasher: The Saudi General Authority of Civil Aviation (GACA) announced that domestic flights through national carriers will be resumed on Sunday, 31 May. GACA will coordinate operations with airports, air carriers, civil aviation …

Saudi Arabian airlines to resume some domestic flights from May 31

CAIRO- Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, the state news agency said on Wednesday.

ECB’s Lagarde ‘not overly concerned’ about new euro crisis

FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...

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

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

Preview: A Youth Dialogue with ECB’s Lagarde on the COVID-19 response

The European Central Bank (ECB) President Christine Lagarde’s speech will be closely eyed ahead of the European Union (EU) Summit to reach an agreemen

Lagarde speech: ECB’s mild growth scenario already outdated

Speaking about the European Central Bank’s (ECB) response to the COVID-19 pandemic at the European Youth Dialogue 2020, President Christine Lagarde sa

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

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

ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling

In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli

German ECB executive shrugs off court ruling against bond buying

Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank

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

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

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

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

India’s GDP growth may rebound to 5 pc in FY22, says Subbarao

"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.

Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2

The contraction in the Q1 FY21 GDP may be as high as 40 per cent.

India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report

For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP

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

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

Covid-19: Catch up to trend-GDP difficult in three years

However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.

USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows

The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit

USD/JPY on the defensive around mid-107.00s, below 50-DMA

The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined in a narrow trading band around mid-107.00s. The

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

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

USD/JPY stays firm above 107.50 amid risk reset

USD/JPY extends the previous day’s gains while being mildly positive around 107.75 amid Thursday’s Asian session. The yen pair recently benefited from

USD/JPY Price Analysis: Bounces off intraday low to regain 107.50 as risks dwindle

USD/JPY pulls back from the daily bottom to 107.55 ahead of the European session on Wednesday. In doing so, the yen pair recovers from 21-day EMA whil

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

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

USD/CHF Price Analysis: Bullish Doji on H4 favors recovery above 0.9650

USD/CHF portrays gradual recovery from the intraday low while taking the bids near 0.9670, up 0.13% on a day, during the pre-European session on Wednesday.

Coinbase Set to Acquire Institutional Crypto Brokerage Tagomi

Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed tha

Coinbase Strengthens Institutional Focus, Acquires Leading Crypto Brokerage

Major cryptocurrency firms continue to pave the way for institutional involvement in the space. The US-based digital asset exchange, Coinbase, just

Coinbase Buys Tagomi to Boost Institutional Trading

Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.

BitGo Launches Crypto Brokerage for Institutions

BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.

BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime

Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims

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

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

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee opened weak.

Rupee settles 5 paise lower at 75.71 against US dollar

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

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

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

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

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

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

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

Rupee Edges Lower To Close At 75.71 Vs Dollar Amid COVID-19 Lockdown

The rupee is down 6.10% against the dollar so far this year After starting the day nearly unchanged at 75.67 … Rupee Edges Lower To Close At 75.71 Vs Dollar Amid COVID-19 Lockdown Read More »

Goldman Sachs warns of a 'start-and-stop' economic recovery

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.

Goldman Sachs warns global economic recovery could be bumpy

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.

Goldman Sachs president says bank on track to meet growth goals

By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus. However, the economic shutdown has caused some negative impacts, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product to next year, Waldron said. Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest U.S

Goldman Sachs on target to meet medium,long-term growth goals: executive

Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...

Goldman Sachs warns of a 'start-and-stop' economic recovery

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.

Goldman Sachs warns of a 'start-and-stop' economic recovery

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.

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

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

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

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

SBI cuts interest rates on FDs

Mumbai: India's largest public sector bank State Bank of India (SBI) on May 27 cut fixed deposit interest rate by 40 basis points across all tenors. This is the second rate cut in a month. The...

Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.

SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond

India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin

Coronavirus: SBI extends term loan EMI moratorium by 3 months, simplifies EMI deferment process

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI

Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

The proposed investment will be towards company's proposed brownfield expansion at company's Oragadam facility near Chennai

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

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

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

Despite virus outbreak, Tamil Nadu attracts 17 investors worth Rs.15,128

The companies which signed the MoUs are from Germany, Finland, Taiwan, France, South Korea, Japan, China, USA, Australia, UK

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

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

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

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

Stocks mixed as tech sector weighs on the market

Stocks were mixed Wednesday as a decline in tech shares kept the gains in check.

Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.

While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.

3 Reasons to Buy Stocks Right Now

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

Stocks Have a Psychologically Important Day

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

Market Pulse on May 26th

S&P 500 2991,77 +36,32.

The Real Reason This Market Is Defying Gravity

Stocks Analysis by Jani Ziedins covering: S&P 500. Read Jani Ziedins's latest article on Investing.com

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

S&P 500 rises on boost from bank shares

The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...

Wall Street gains with economic hopes; bank stocks jump

The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...

Wall Street gains amid economic hopes; tech shares decline

The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

3 Stocks to Buy After You Take Profits on Wayfair Stock

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

The 3 Best Stocks for Beginning Investors

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

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

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

These 4 Chinese Stocks Are Too Risky to Own

Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.

10 Stocks to Buy as They Ride a Coronavirus Tailwind

These names are either heavily discounted or are actually riding high on the outbreak.

10 Stocks Worth Your Time on Robinhood’s Top 100 List

Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.

Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript

Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C

Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript

Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting

Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript

Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P

Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript

Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation

Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript

Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T

Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B

Prospects for global economic recovery look bleak – Reuters poll

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

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

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

World economic prospects darken, rebound delayed: Poll

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

World economic prospects darken, rebound delayed – Poll

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

Economic recovery following Covid-19 may be more sluggish than initially predicted

27 May The global economy is expected to face a prolonged downturn due to the Covid-19 pandemic. Many have predicted...Read More...

More than eight in 10 Ryanair passengers are STILL waiting for refunds for cancelled flights, says Which?

Just five per cent of Ryanair customers have had their money returned to them for cancelled flights within the seven day legal time frame, according to a poll by the UK consumer champion.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Which? launches new way to report delays to your flight refund

A number of customers have been waiting weeks for a flight refund

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

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

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

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

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

Gold Price Analysis: XAU/USD declines to 2-week lows, challenges $1700/oz

XAU/USD is losing considerable strength while trading below the main SMAs on the four-hour chart. Gold is slowly reversing its monthly gains while challenging

Gold Price News and Forecast: XAU/USD at $1,700 again [Video]

With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced

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

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

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

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

Gold slips below $1700 mark, over 2-week low

Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina

What is in the EU’s €750bn recovery plan and how will it affect Ireland?

Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?

Coronavirus: What is involved in the EU’s recovery plan?

Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?

EU to unveil virus recovery plan amid split over way ahead

The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

EU to propose €750bn Covid recovery package for states

Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit

EU to propose €750bn Covid-19 recovery package

Ireland in line for grants of €1.9bn in scheme weighted by how badly economies have been hit

Bharti Telecom sells 2.75% stake in Airtel

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

Bharti Telecom raises $1.1B from Airtel stake sale

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

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

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

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

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

Airtel's stake sale to get ready for a bigger fight with Jio

Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board

Why Kotak Mahindra Bank share price rose 8% today

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

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

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

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

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

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

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

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 27

Among Sectors, Nifty Bank rose 7 percent followed by IT, metal and energy space, while pharma index ended marginally lower.

Ackman says hedge fund up 27 per cent year to date, dumped Berkshire

The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year

Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...

Ackman dumps stake in Buffett’s Berkshire Hathaway

Hedge fund manager says he can be ‘more nimble’ than his mentor’s conglomerate

Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

Bill Ackman dumps investments in Berkshire Hathaway, Blackstone

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

South Korea sees highest daily coronavirus spike in more than a month

South Korea reported its highest daily spike in new coronavirus cases in about a month-and-a-half Wednesday —  an outbreak linked to a now-closed facility run by one of the country’s

Coronavirus outbreak at South Korea e-commerce warehouse drives spike in new cases

SEOUL (Reuters) - South Korea reported the highest daily number of new coronavirus cases in 49 days on Wednesday, as one of the country’s largest e-commerce companies battled an outbreak linked to a now-shuttered logistics facility.

Coronavirus outbreak at S.Korea e-commerce warehouse drives spike in new cases

SEOUL, May 27 — South Korea reported the highest daily number of new coronavirus cases in 49 days today, as one of the country’s largest e-commerce companies battled an outbreak linked to a now-shuttered logistics facility. The Korea Centers for Disease Control and Prevention (KCDC) reported 40...

Coronavirus outbreak at S.Korea e-commerce warehouse drives spike in new cases

SEOUL — South Korea reported the highest daily number of new coronavirus cases in 49 days on Wednesday, as one of the country’s largest e-commerce companies battled an outbreak linked to a now-shuttered logistics facility.

South Korea reports biggest spike in coronavirus cases in 49 days

South Korea reported the highest daily number of new coronavirus cases in 49 days on Wednesday, as one of the country's largest e-commerce companies battled an outbreak linked to a now-closed logistics facility.

Coronavirus outbreak at S. Korea e-commerce warehouse drives spike in new cases

South Korea reported the highest daily number of new coronavirus cases in 49 days on Wednesday, as one of the country's largest e-commerce companies battled an outbreak linked to a now-shuttered logistics facility.

Amazon in Talks to Buy Autonomous Vehicle Startup Zoox

Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

Amazon in talks to buy autonomous vehicle start-up Zoox

Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

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

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

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

Amazon Eyes Zoox Acquisition For Autonomous Cars

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant's reach in autonomous vehicle technology.

External attacks on Cloud accounts up 630% amid Covid-19: McAfee

Rise in cyber attacks as cloud services use goes up during Covid-19-induced work-from-home: McAfee

Use of cloud collaboration tools increased by up to 600%, with the education sector seeing the most growth as more students are required to adopt distance learning practices.

Use of cloud collaboration tools surges and so do attacks

Some industries have seen increases in cloud-related threat events rise as much as 1,350% since the COVID-19 crisis began.

Sharp IT budget cuts expected in wake of COVID-19

Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.

Cyberattacks on collaboration tools see major increase

Businesses urged to ensure cloud and collaboration services stay secure.

NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

This assumes significance because NTPC is primarily power generation company.

NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".

NTPC eyes majority stake in ADAG’s Delhi power utilities

Power giant, the first PSU in the race for stake in two BSES firms

NTPC to enter distribution space, eyes ADAG's two BSES discoms in Delhi

The ADAG has two discoms namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL)

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

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

ICRA expects muted participation in spectrum auction, sees industry debt rising

Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.

ICRA expects muted participation in spectrum auction, sees industry debt rising

It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.

Moderate participation expected in spectrum auctions: ICRA

IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA

Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry

Stock markets mixed as China-US tensions return to fore

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

Stock markets mixed as China-US tensions return to fore

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Deficit Monetisation: Government may get RBI to monetise deficit | India Business News

NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »

Government may get RBI to monetise deficit

India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao

Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date

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

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

Tax and the Pandemic Unemployment Payment: Your questions answered

The payment is taxed but you will not face a lump sum of a tax bill

Covid-19: Tax on unemployment payment could be collected by reducing credits

Revenue responds amid claims those in receipt of subsidy may face surprise bill

TD challenges Varadkar to live on €350 a week before considering reducing pandemic payment

Leo Varadkar has said the Government will extend the pandemic unemployment payment beyond June 8 but a date for how long it will continue has not been decided yet.

Covid supports to continue beyond 8 June - Taoiseach

Taoiseach Leo Varadkar has said the Government is not considering cutting the €350 a week Pandemic Unemployment Payment (PUP) for someone who was working full time on minimum wage before the Covid-19 emergency.

Pandemic Unemployment Payment: Your questions answered

The payment is taxed but you will not face a lump sum of a tax bill

US stocks open higher, Dow +1.4 pc, Nasdaq: +0.2pc

NEW YORK, May 27 — Wall Street stocks opened higher today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. Shortly after the opening bell, the Dow Jones Industrial Average stood at 25,338.80, up 1.4 per cent. The...

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

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

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

The Dow broke above 25,000.

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

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

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

The Dow broke above 25,000.

GITAHI: The case for reopening our economy

The economy must be restarted and people given their lives back.

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

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

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

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

Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April

Government data will probably show expansion slowed in January-March to 1.5%

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

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

Animal Spirits stuck at the same place as lockdown stall economic activity

The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.

Coronavirus pushes global credit rating downgrade threat to record high

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

Coronavirus pushes global credit rating downgrade threat to record high

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

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

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

S&P Global Reports Record Number of Potential Downgrades

In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.

Coronavirus pushes global credit rating downgrade threat to record high

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

LAIX, Inc. (LAIX) CEO Yi Wang on Q1 2020 Results - Earnings Call Transcript

LAIX, Inc. (NYSE:LAIX) Q1 2020 Earnings Conference Call May 26, 2020, 21:00 ET Company Participants Chuhan Wang - Head, IR Yi Wang - Chairman & CEO Bing Sun

Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript

Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne

Ooma, Inc. (OOMA) CEO Eric Stang on Q1 2021 Results - Earnings Call Transcript

Ooma, Inc. (NYSE:OOMA) Q1 2021 Earnings Conference Call May 26, 2020 5:00 PM ET Company Participants Matt Robison - Director of IR and Corporate Development Eri

China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript

Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J

Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript

Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct

One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

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

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

Government furlough scheme now covers 8.4 million workers

At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.

Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down

Chancellor Rishi Sunak will reportedly ban firms for furloughing extra staff as the government looks at winding down the scheme. He is also due to announce later this week how much employers will need to contribute to the scheme from August.

One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.

Lengthy housing recovery

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

Realtors dismiss 'nightmare'

Canada Mortgage and Housing Corp. (CMHC) released a housing forecast May 27 that envisioned a nightmare collapse of the housing market with national sales dropping up to 29 per cent, starts plunging by 50-70 per cent and average house prices dropping as much as 18 per cent with no real recovery until 2022.

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

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

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

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

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

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

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

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

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

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

U.S. economic activity fell sharply due to coronavirus disruptions, Fed says

Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.

Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery

Economic activity “sharply” declined across the U.S.

US outlook highly uncertain, businesses 'pessimistic': Fed

The Fed's beige book survey of economic conditions showed US economic activity continued to fall sharply in recent weeks in all regions, with auto sales falling sharply and tenants unable to pay rent

Fed says pandemic inflicted most ‘severe’ damage on travel sector

Beige Book report on economic conditions shows activity fell sharply in most parts of US

Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs

Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv

How China’s tensions could be good for Hong Kong’s stock exchange

Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.

Commentary: China's tensions could boost Hong Kong's stock exchange

HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.

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

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

Gold dips to two-week low on recovery hopes

By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.

Value hunting? This stock market has become mouth-wateringly cheap

Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success

How South Korea made itself a global innovation leader

Systemic reform backed by strong investment has brought rapid and long-lasting results.

A new deal for South Korea’s science?

The global innovation leader confronts new research challenges.

S. Korea’s global GDP ranking slips to 10th place: data

South Korea’s global GDP ranking slipped to 10th place last year, the first drop since the 2008 global financial crisis, data showed Wednesday.  According to the Organization for Economic Cooperation and Development, the country’s nominal GDP stood at $1.64 trillion in 2019 ranking No. 10 out of 38 OECD member countries, two rungs down from 2018. Asia’s fourth-largest economy was outpaced by C...

S. Korea's GDP ranks 10th worldwide in 2019

South Korea's gross domestic product (GDP) ranked 10th in the world in 2019, down two notches from the previous year, data showed Wednesday. Asia's fourth-largest economy registered $1.64 trillion in nominal GDP last year, according to the data from the Organization for Economic Cooperation (OECD). It marked South Korea's first ranking drop since the 2008 global financial crisis. The OECD analyzed 38 advanced and e...

Childbirths drop 10.1% in March

The number of babies born in South Korea dropped 10.1 percent in March from a year earlier, data showed Wednesday, in the latest evidence underscoring the low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. The data compiled by Statistics Korea showed that 24,378 babies were born in March, compared with 27,116 tallied in the same month of 2019. It marks the lowest number of ne...

Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O’Leary said in an interview on Wednesday, reporting a “big surge” in holiday bookings from the country.

Ryanair’s holiday bookings surge, sees UK dropping quarantine

DUBLIN, May 27 — Ryanair expects Britain to join other European nations in dropping Covid-19 quarantine plans in the coming weeks, its CEO told Reuters today, as he reported a “big surge” in holiday bookings from the country. Last week, Britain announced a 14-day quarantine from June 8 for...

Ryanair's holiday bookings surge, sees UK dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join other European nations in dropping COVID-19 quarantine plans in the coming weeks, its CEO told Reuters on Wednesday, as he reported a “big surge” in holiday bookings from the country.

Ryanair CEO reports surge in holiday bookings, sees UK dropping quarantine

Ryanair expects Britain to join other European countries in dropping COVID-19 quarantine plans in the coming weeks, chief executive Michael ...

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

COVID-19 to accelerate digital adoption in India

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

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

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

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

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

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

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

10 things in tech you need to know today, Business Insider - Business Insider Singapore

Business Insider - Twitter trumps Trump. Zuckerberg embraces difference. YouTube defends China.. Read more at businessinsider.sg

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

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

The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore

Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg

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

Zoox hinted it's had interest from multiple buyers.

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

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

Air France to cut 40% of domestic flights after bailout

Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid

Air France to cut 40% of domestic flights after bailout

French government has made any bailout contingent on profitability improvements

Air France to cut 40% of domestic flights after bailout

Air France-KLM will slash 40 percent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, ...

Air France agrees to cut many domestic flights

The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…

National airlines need government aid to survive

 National airlines will largely depend on domestic flights to grow because international flights are expected to remain severely restricted until a COVID-19 vaccine is available.

Over $500m to help digital transformation of companies

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

LS Group to respond to digital transformation by accelerating R&D

LS Group said Wednesday it is strengthening its digital capabilities by increasing research and development in automation, big data and artificial intelligence technologies in response to digital transformation amid the pandemic. “It will be difficult for the time being as uncertainties in achieving this year’s management goals have increased due to the pandemic, but I hope you will take an extraordinar...

Why do organisations need technologists to drive digital transformation strategies?

IT professionals are under immense pressure and need to be provided with the tools, leadership and support to deliver positive business outcomes in response to Covid-19

Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet

According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.

How to move beyond the burden of legacy systems [Q&A]

These days, companies are seeking to stay competitive and current by pursuing and succeeding at end-to-end digital transformation.

USD/CNH faces further upside pressure – UOB

FX Strategists at UOB Group expect USD/CNH to edge higher in the near term. Key Quotes 24-hour view: “USD traded between 7.1355 and 7.1491 yesterday,

USD/JPY does not rule out a move to 107.20 – UOB

According to FX Strategists at UOB Group, USD/JPY could slip back to the 107.20 region in the short-term horizon. Key Quotes 24-hour view: “USD traded

EUR/USD: Extra gains expected above 1.1020 – UOB

FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s

NZD/USD: Further gains lie ahead if 0.6230 is cleared – UOB

A break above 0.6230 in NZD/USD should open the door to further upside, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We highli

GBP/USD: Potential move to 1.2400 on the cards – UOB

Cable could extend the upside momentum to the 1.2400 mark in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterda

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

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

Ralph Lauren Earnings: RL Stock Ticks Lower On Q4 Misses

Ralph Lauren earnings on Wednesday have RL stock slightly lower after the company missed both EPS and revenue estimates from Wall Street.

HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance

HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.

Adamis Pharmaceuticals: Barely Holding On After Q1 Report

Adamis recently reported their Q1 earnings with a miss on EPS and revenue. The COVID-19 pandemic has had a significant impact on the company's US Compounding sa

HEICO Beats Again, But Caution Is Warranted

HEICO has beat EPS and revenue estimates for the 10th consecutive quarter despite a slowdown in commercial aircraft orders. This is good news, but Q3 and Q4 wil

3 Gold Stocks to Buy on the Dip

Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.

Don’t Get Caught Up in the Hype of Gold Stocks

The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.

Gold Stocks Are a Safe Haven From the Upcoming Recession

If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.

A Much Higher Gold Price Is No Flight of Fancy

Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.

7 Cheap Stocks to Buy With Great Potential

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

Air Force Operationalises 2nd Squadron Of Home-Made Tejas Combat Aircraft

The Indian Air Force has operationalised its No.18 Squadron, the "Flying Bullets", at Sulur near Coimbatore in Tamil Nadu, equipping it with the fourth generation Mk1 LCA (Light Combat Aircraft) Tejas.

LCA Tejas joins IAF 18 Squadron today; Air Chief Marshal RKS Bhadauria flies fighter

LCA Tejas IAF(Indian Air Force) News: All you need to know about the newly inducted combat aircraft Tejas. Air Chief Marshal RKS Bhadauria flies fighter jet Tejas in his first solo sortie as IAF chief

Tejas inducted into 18 Squadron by IAF, Air Chief Marshal RKS Bhadauria flies fighter

The first LCA-Tejas FOC standard aircraft also completed its contract flight test acceptance within 12 months of the standard of preparation release in February 2019.

IAF inducts improved LCA

Four more aircraft expected to join squadron soon

IAF to operationalise No.18 Squadron at Coimbatore today

The Indian Air Force (IAF) will operationalise its No.18 Squadron at Coimbatore in Tamil Nadu today, equipping it with the fourth generation LCA Tejas aircraft.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil

Analysis: Pennsylvania’s unemployment trust fund faces insolvency as pandemic continues

Pennsylvania’s unemployment trust fund, the mechanism used alongside the federal CARES Act to provide benefits to unemployed residents amid COVID-19, could face insolvency if the number of claimants remains high into the summer.

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

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

Pandemic creating ‘lockdown generation’ as one in six youths stop work: UN

The Covid-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing more than one in six people aged under 29 to stop working, the UN said Wednesday.

Pandemic creating ‘lockdown generation’ as one in six youths stop work ― UN

The COVID-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing under 29 to stop working.

Coronavirus job losses creating ‘lockdown generation,’ UN group warns

The United Nation's International Labor Organization issued the grim prediction in a report showing that more than one in six young people have stopped working since the COVID-19 crisis began.

After Covid-19, Africa can come back better

These are challenging times for Africa, and, like the rest of the world, the continent is fighting to recover from the pandemic. But there are ways of helping to ensure that Africa comes back stronger than ever.

COVID-19: Jonathan tasks Africa to look inward for solutions

AS the COVID-19 pandemic continues to ravage the world, Former President, Dr Goodluck Ebele Jonathan, has tasked African

African, global philanthropists team up to manufacture Covid-19 medical equipment in Africa

AFRICAN and global philanthropists have teamed up to help African nations secure urgently needed ventilators, breathing support devices and other medical equipment, in the battle against the Covid-19 pandemic. Prominent Zimbabwean business man, Mr Strive Masiyiwa, also co-founder of Higherlife Foundation, who has recently been appointed as an African Union Special Envoy to mobilise the private sector response to Covid-19, is leading a private partnership to start local manufacturing of the equipment. Working with fellow philanthropists such as Sir Richard Branson and Jeff Skoll, the group has identified two solutions, which will be manufactured in South Africa.  In a media statement, the group said the initiative will start with the production of 1,000 bridge ventilators, a design that was provided to this partnership for free by Virgin Orbit and has recently received emergency use authorisation by the US Food and Drug Administration (FDA). The model is designed with a price significantly lower than a normal…

COMMENT: Africa’s collaboration in fight against Covid-19 commendable

THE 57th anniversary of Africa Day on Monday came at a time the continent and the entire world is grappling with Covid-19 and its effects it has had on the lives of the people as well as its economic impact on nations. Since the outbreak of the virus, African states have come together to share strategies on how to curb the spread of the virus and also on mitigation measures on the economies of the continent affected by virus. To date, more than 100 000 Covid-19 cases have been recorded across Africa with 40 000 recoveries and 3 000 deaths. Various meetings have been held between AU Heads of State and Government and a number of stakeholders including African business leaders and chairpersons of the regional economic communities (RECs) among others in a bid to come up with fortified responses to Covid-19. As a result of those interactions, AU chairperson and South African President Cyril Ramaphosa has appointed Zimbabwean billionaire Mr Strive Masiyiwa to coordinate a private sector-led continental effort to procure…

2nd UBA Africa Day Conversations held virtually with calls for collaboration to fight COVID-19 fallout

Kampala, Uganda | THE INDEPENDENT | Pan-African lender, United Bank for Africa joined countries on the African continent to celebrate the African Day. Formally the African Freedom Day and African Liberation Day, Africa Day, is commemorated on May.25 annually as a foundation for the formation of the Organisation of African Unity in 1963, now known as …

Covid-19 package — World and India

Thomas Carlyle called economics “a dismal science”. Multiple opinion production by dismal economic scientists continued into the 21st century.

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

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

India's COVID-19 Count Cross 1.5L Mark

NEW DELHI:  In the last week of fourth phase of nationwide lockdown, India on Wednesday crossed 1.5 lakh mark of total COVID-19 cases so far. With nearly 6,387 new cases, the country's tally reached

Lockdown to now focus on 11 cities with 70% of India's COVID-19 cases; check list here

As the total number of confirmed cases of COVID-19 infection in India crossed the 1.51 lakh-mark on Wednesday, the central government is mulling over strategies to implement for the road ahead in the fight against the coronavirus disease (COVID-19) pandemic outbreak in India.

A sobering comparison

India’s Covid trajectory should be measured against that of its neighbours.

Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Govt may launch coal blocks auction process under commercial mining on June 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

Govt may launch coal blocks auction process

The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected

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

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

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

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

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

Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...

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

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

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

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

Americas will be hardest hit by Covid-19 job losses, says ILO

GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...

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

The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, ...

Americas will be hardest hit by COVID-19 job losses: International Labour Organization

The outbreak also risks creating a "lockdown generation" of young people forced to play catch-up on the labour market for at least 10 years, the Geneva-based body said.

America to face the hardest job losses due to pandemic, ILO says

The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organisation (ILO) said on Wednesday.

France GDP could fall 'around 20%' in second quarter: Statistics agency

France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE

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

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

France expects economic slow-down by 20% in Q2

French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.

French economy making 'cautious' virus lockdown recovery

A return to normal will likely take many months, warns France's national statistics agency

French economy making 'cautious' virus lockdown recovery

Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.

‘Farmers are not opposing paddy diversification…political men have problems’: Haryana Agriculture and Farmers Welfare Minister JP Dalal

Earlier, they had questioned wheat procurement, while stating that it won’t be completed even in three months. But the procurement was very smooth, which has upset the Opposition, Haryana Agriculture and Farmers Welfare Minister JP Dalal said

Angry farmers force rethink: Khattar govt softens paddy diversification order

The change in government stand came on the day CM Manohar Lal Khattar met farmers in Kurukshetra to take their feedback on the issue.

Haryana CM stresses water conservation, crop diversification

Haryana Chief Minister Manohar Lal Khattar on Tuesday said the State was making policies to save water and had sought farmers' suggestions and feedbacks. Expressing concern over falling groundwater level, he said while interacting with farmers in Kurukshetra town that it had reached below 40

Will launch statewide agitation if curbs on paddy cultivation stay: Former Haryana CM Bhupinder Singh Hooda

Hooda's warning has come a day after Haryana Chief Minister M L Khattar defended the recently launched Mera Pani, Meri Virasat scheme, aimed at crop diversification.

Construction at lowest level since 2010

While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Saudi Arabia extends tourist visas for 3 months for free

RIYADH: Saudi Arabia has extended the validity of all tourist visas which had expired during the period of suspension of international flights, the Saudi Press Agency reported. The General Directorate of Passports that the extension is done automatically through the system and does not require travel to the Directorate’s offices.

Saudi Arabia to end virus curfew next month

But the kingdom is yet to make any announcement about Haj.

Saudi takeover of Newcastle United in doubt after WTO finding

The prospect of the Saudi Arabian Government taking a majority stake in Newcastle United has suff...

The World Trade Organisation responds to claims over reports regarding Saudi Arabia and TV piracy

Newcastle United fans are awaiting news on the buy-out of the club but have still yet to receive a positive outcome

WTO disputes explained as report puts Newcastle United takeover in further doubt

The World Trade Organisation's confirmation of a dispute against Saudi Arabia could provide another obstacle to a buy-out of the Magpies

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

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

Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore

Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg

10 things you need to know before the opening bell

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

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

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

10 things you need to know before the opening bell

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

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

The U.S. auto industry reopened many plants last week after a two-month shutdown due to the global pandemic

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

In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...

Reopened US car factories see coronavirus cases as production rolls on

In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US

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

In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...

BPCL privatisation bid deadline further extended until July 31

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

Government extends BPCL bid deadline to July 31

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

BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region

It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.

World Bank approves $346 Million for Nigeria, others on Lake Chad

The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..

Nigeria to benefit as World Bank approves $346m for Lake Chad countries

The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region

World Bank approves $346m for projects in Nigeria, others

Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...

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

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

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

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

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

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28

“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.

Govt to discontinue 7.75% taxable savings bonds scheme from May 28

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

Government to withdraw 7.75% Savings (Taxable) Bonds scheme

The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.

Govt to discontinue 7.75% saving bonds from May 28

The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the

Buy Ford Stock Before It Restores the Dividend

Ford may have suspended its dividend, but investors are in for a treat when it comes back. If you buy F stock now, you could see 50% gains.

This Energy Stock Plans to Maintain Its 10%-Yielding Dividend

ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.

AT&T: Do Not Let The Yield Fool You

While the dividend yield is tempting, be cautious and do not let it fool you. Huge debt load means shareholder returns are limited. I give T a true value of $40

Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream

Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit

Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul

A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India

ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case

During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.

ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case

The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.

JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court

The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.

India’s worst recession is here, says Crisil

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

India’s worst recession is here

New Delhi, May 27: Indias fourth recession since Independence, first since liberalisation, and perhaps the worst to date is here, according to rating agency, Crisil.

India facing its worst recession in current fiscal: Crisil

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

India's 4th, 'perhaps worst' recession is here, warns CRISIL

India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore

Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.

Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore

Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg

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

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

Investors pile into stocks that win in a full economic recovery

Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.

Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next

A roundup of investment ideas for active investors

Why Technology Is Proving Surprisingly Defensive

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

Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI

RBI has directed the banks to link floating rates on housing loans to external benchmarks

Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs

It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.

Despite rate cuts, your EMIs may still not fall as much

Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank

Loans to MSMEs may get ‘risk-free’ tag

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

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

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

Banks go digital to maintain social distancing in post Covid world

Contactless services set to gain ground

Challenger insurers are doing better than banks during COVID-19 

In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?

As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.

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

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

Three Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop

Bitcoin has been subject to troubling price action over the past week.

Bitcoin Bull Case Swells as White House Mulls China Sanctions Over Hong Kong

One of the biggest narratives in the Bitcoin market in 2019 was, tensions between China and the U.S. were pushing the cryptocurrency higher. As tensions

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

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

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

IFM Investors eyes 'nation building' accord

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

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore

Business Insider - Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.. Read more at businessinsider.sg

Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June

Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.

Congress has yet to agree on the latest coronavirus relief package, so don’t expect another stimulus check in June

Americans probably shouldn’t count on getting another coronavirus stimulus check in June.

Disney World is set to reopen on July 11 with masks and temperature checks required, Business Insider - Business Insider Singapore

Business Insider - Disney told a Florida task force that it plans to open the Magic Kingdom and Animal Kingdom first, followed by Epcot and Hollywood Studios.. Read more at businessinsider.sg

Saudi Arabia’s private sector employees to resume work from Sunday, May 31

The decision comes as part of a slew of measures introduced by Saudi authorities

Saudi Arabia’s private sector employees to return to their offices

RIYADH: Private sector employees will be able to start working from their offices soon, Saudi Arabia’s Ministry of Human Resources and Social Development said on Wednesday. The ministry added that all private sector entities must prepare work spaces so that they are in line with Ministry of Health guidelines to prevent the spread of COVID-19. The Kingdom is easing coronavirus

Private sector employees can resume duties in offices: Ministry

Private sector employees can resume duties in offices: Ministry

Saudi public sector employees will return to work starting May 31

Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak.

UCO Bank slashes lending rate by 40 basis points

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

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

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

Banks' lending rates further drop in April on aid package

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

SA Reserve Bank says lenders can handle coronavirus crisis

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

Gold Futures: Downside seen shallow

Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar

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

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

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

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

Gold prices hit 2-week low on reopening optimism

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

Singapore Fintech GoBear Secures $17 Million Through Latest Investment Round to Expand Financial Services For Asian Markets

GoBear, a Singapore-based fintech, has reportedly secured $17 million through its latest investment round. The investment brings GoBear’s total funding to $97

Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App. HKT Financial Services offers mobile payments, merchant services, O2O solutions, insurance packages under the Tap & Go, HKT Merchant Services and HKT Care. HKT Financial Services is a key part of HKT Group’s digital ecosystem, which provides an integrated

The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional

The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.

Singapore fintech firm secures $17M to build out platform | ZDNet

Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.

What's behind the bank rally

The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.  

What triggered the 15% rally in bank stocks today?

Nifty Bank, which consists of 10 stocks, saw its best day in about two months.

Banks surge in $17 billion catch-up rally

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

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

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

10 REITs One Year Later - Part 1

It's been a year since I wrote a series of articles about the ten REITs with A or A- S&P credit ratings. Earlier in 2020, I added two REITs from this group of t

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

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

2 Dividend Picks From A Resilient REIT Sector

These 2 industrial REITs have collected almost all their rents during April. The triple-net lease model combined with long leases make the cashflows more predic

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

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

Current Heat Wave Likely To Continue For 2 More Days In Northwest, Central India

Conditions are favourable for further advance of Southwest Monsoon.

Heatwave likely to continue during next 24 hours: IMD

The ongoing heatwave over several parts of north and central India is likely to continue during the next 24 hours, the India Meteorological Department said on Wednesday, even as the southwest monsoon

No respite from scorching summers! Heatwave likely to continue during next 24 hours, says IMD

On the progress of the southwest monsoon, the national weather forecasting centre of the IMD said it has further advanced into some more parts of south Bay of Bengal.

In pictures | Heatwave adds to nation's miseries

The ongoing heatwave over several parts of north and central India is likely to continue during the next 24 hours, the India Meteorological Department said on Wednesday, even as the southwest monsoon

Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent

New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.

Stringent lockdown further reduced GDP forecast: Fitch

IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)

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

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

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

Updates from the world of economy, markets, and finance

Farmers benefit from e-learning despite lackluster internet access

The Environment and Forestry Ministry is hosting an online farming program for farmers affected by COVID-19 pandemic.

COVID-19: Going local, with help for the farmer in Kerala

A group of women entrepreneurs in Kerala forms a Facebook group to help local farmers sell their produce

Morning market opened at Nongpoh town

NONGPOH: Ri Bhoi Deputy Commissioner, RM Kurbah on Wednesday inaugurated the morning market of Nongpoh Town at Mawspeng ground to enable farmers to sell their produce keeping in mind the importance of social distancing due to COVID-19 pandemic.

Enjoying the fruits of their labour

Farmers deserve the freedom to market their produce at a place of their choice

Analysts: On-chain Data shows Ethereum is “Undervalued”

Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered. 

Ethereum’s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months

The use case that helped power Ethereum's record-setting string of positive weekly closes in early 2020, has now gone parabolic.

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

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

Raiden Network’s Alderaan Beta Launched on the Ethereum Mainnet Ahead of the Beacon Chain

On May 26, 2020, the Beta version of Raiden Network’s Alderaan was launched on the Ethereum mainnet. In an announcement made through GitHub, this version follows up on the Red Eye release and introduces monitoring services, path-finding services, and mediation fees. There is no news on Atomic Swaps.

EUR/USD remans under pressure around the 1.0960 area

The single currency came under selling pressure on Wednesday and is now forcing EUR/USD to retreat to the 1.0960 region. EUR/USD sheds ground on USD-b

EUR/USD loses upside momentum near 1.1030

After advancing to almost 2-month peaks in the 1.1030 region, EUR/USD lost upside momentum and it has now returned to the sub-1.1000 area. EUR/USD boo

EUR/USD: Failure at 1.10 may fuel a fall

EUR/USD Wednesday's four-hour chart is showing some weakness after failing to top 1.10, as FXStreet’s analyst Yohay Elam notes. OCBC Bank also sees th

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

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

GRAINS-U.S. soybeans firm after rain slows Midwest planting progress

* Wet weather in U.S. Midwest slows corn, soybean planting pace* Positive COVID-19 case at Brazil port supports soybeans* Wheat range-bound as northern Hemisphere weather watched (Rewrites throughout with U.S. market open, adds quote, updates prices, changes byline, changes dateline from PARIS/SINGAPORE)By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more rain lifted prices to two-week highs, although technical selling kept a lid on gains.

GRAINS-U.S. soybeans firm after rain slows Midwest planting progress

* Wet U.S. Midwest weather slows corn, soybean planting pace* Positive COVID-19 case at Brazil port supports soybeans* Wheat range-bound as northern hemisphere weather watched (Adds closing prices)By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more disruptive weather lifted prices to two-week highs, although technical selling kept a lid on gains.

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

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

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

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

Wall St rises with economic hopes; bank stocks jump

By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery

Dow Closes Above 25,000 For First Time Since March

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

Wall Street rises with economic hopes; bank stocks jump

NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...

Wall Street closes higher on economic revival hopes

Stocks closed higher on Wall Street Wednesday, extending the market's gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home mandates imposed due to the coronavirus pandemic and clear the way for more businesses to reopen.Despite a choppy day of trading, the S&P 500 gained 1.5% and finished above the 3,000-point mark for the first time since early March. The Dow Jones Industrial Average crossed above 25,000 points, where it hasn't closed since March.Financial, industrial and health care stocks accounted for a big slice of the gains.

SpaceX to add sunshades to all future Starlink satellites

SpaceX has decided to add sunshades to future Starlink satellites to reduce their impact on astronomy, having opted for constellation-wide implementation of the reflective hardware. 

Bankrupt OneWeb seeks license for 48,000 satellites, even more than SpaceX

OneWeb asks FCC for expanded license as it prepares to exit bankruptcy.

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

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

Exact times to see the SpaceX Nasa CrewDragon rocket over UK

You can watch a live stream of the launch and - if you're lucky - see the real thing too

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

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

Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic

The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic

JPMorgan CEO Jamie Dimon said at a Deutsche Bank conference on Tuesday that the US could see a fairly rapid recovery, Bloomberg reported. 'The g...

No quick return to bank share buybacks, says Jamie Dimon

The head of America’s largest bank predicted another big provision for loan losses in the second quarter.

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

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

Online UK grocery spending hits record in lockdown shopping spree

Overal­l UK grocer­y sales increa­sed by 13% year-on-year

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

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

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

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

Investors hot in pursuit of ETFs

The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.

7 American ETFs for the Hometown Crowd

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

ETFs pave the road for those seeking diversification

ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.

Don't Get Ambushed By The FANG/FANMAG Factor

ETFs are supposed to be top-down portfolios oriented toward an asset class, a region, a line of business or a general combination of these. Holders of ETF share

Stripe launches in five new European countries

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

Stripe expands in Europe, adding five more countries

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

Stripe Expands to 5 More European Nations

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

Stripe Expands In Europe, Inks JCB Tie-Up In Japan

Stripe, a technology company that allows businesses to make and receive online payments, has launched in five more European countries.

Be Ready to Sell Speculative Marathon Oil Stock at Any Moment

Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.

Can Marathon Oil Ever Get Back to $30?

Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?  

Marathon Oil Stock Still Deserves Your Attention Despite Analyst Concerns

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

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

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

L&T delivers critical equipment to global clients during lockdown

The final 4 coke drums part of a package of critical hydrocracking reactors for Duqm Refinery in Oman was delivered on time

L&T delivers critical nuclear power plant equipment to global customers during lockdown

The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.

L&T Heavy Engineering achieves delivery of critical equipment during lockdown

L&T Heavy Engineering achieves delivery of critical equipment during lockdown

L&T Heavy Engineering supplied critical equipment to four countries during lockdown

COVID-19: Death toll rises to 4,337; total cases reach 1,51,767 in India

The death toll due to COVID-19 rose to 4,337 and the total number of cases climbed to 1,51,767 in the country, registering an increase of 170 deaths and 6,387 cases in the last 24 hours, the Union health ministry said on Wednesday. The number of active coronavirus cases stands at 83,004, while

Covid-19: Death Toll Rises To 4,337; Total Cases Reach 1,51,767 In India

The death toll due to COVID-19 rose to 4,337 and the total number of cases climbed to 1,51,767 in the country, registering an increase of 170 deaths and 6,387 cases in the last 24 hours

COVID-19: India death toll rises to 4,337

Total coronavirus cases reach 151,767 in country

Coronavirus Update: India’s Covid-19 Tally Tops 1.5 Lakh With 6,387 New Cases; Here’s The Latest State-Wise Breakup

The total number of active cases in the country has also increased to 83,004.

Progression Of Trans-Tasman Bubble Offers Lifeline To Tourism Industry

New Zealand must move quickly to make the most of Australians’ enthusiasm for trans-Tasman travel, says Tourism Industry Aotearoa.

Smart, safe travel zone - BusinessNZ

A proposed blueprint into how safe trans-Tasman travel could re-open is advancing fast, with a draft to be presented to New Zealand and Australian governments for consideration in early June.

Proposal For Trans-Tasman Bubble Considers Every Step Of A Passenger’s Journey

A proposed blueprint into how safe trans-Tasman travel could re-open is advancing fast, with a draft to be presented to New Zealand and Australian governments for consideration in early June.

Overseas travel inches closer to an arrival date

Australia's international travel ban could be lifted within weeks, with a draft plan for the proposed trans-Tasman bubble just days away from consideration.

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

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

NZD/USD: Basking in the wave of risk-on euphoria – ANZ

The kiwi basked in the euphoria of the S&P 500 breaking 3000 and broke the 0.6170 resistance. The NZD/USD will remain bid, but analysts at ANZ Bank ar

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

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

NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150

NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A

City projects under budget

Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.

FIA approves Formula One budget caps over next five seasons starting from 2021

The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.

FIA approves Formula One budget caps over next five seasons starting from 2021

The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.

FIA approves F1 budget caps over next five seasons starting from 2021

The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.

23 U.S. states sue Trump administration over fuel efficiency rollback

A group of 23 U.S. states led by California, the District of Columbia and four major cities are filing suit Wednesday to challenge a Trump administration decision to weaken Obama administration fuel efficiency standards. In March, the Trump administration issued final rules requiring 1.5% annual increases in efficiency through 2026 - far weaker than the 5% increases in the discarded Obama-era rules - but abandoned its August 2018 proposal to freeze requirements at 2020 levels through 2026. Las

U.S. states sue Trump administration over fuel efficiency rollback

WASHINGTON — A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.

U.S. states sue Trump administration over fuel efficiency rollback

WASHINGTON (Reuters) - A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.

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

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

Natural gas futures up 0.54% in evening trade

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

Silver futures dip 0.44% in afternoon trade

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

SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,050 shares of the software maker’s stock after selling 927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings […]

AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]

Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]

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

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

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

NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »

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

Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.

How lawmaker ties helped shape Fed chairman's COVID-19 response

Federal Reserve Chairman Jerome Powell's deep ties with lawmakers are paying off as the central bank deploys trillions of dollars in financial support for the economy with the blessing of Congress.

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

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

Are the Coronavirus Bailouts Working? What We Know So Far

If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.

ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript

ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden

Autodesk, Inc. (ADSK) CEO Andrew Anagnost on Q1 2021 Results - Earnings Call Transcript

Autodesk, Inc. (NASDAQ:ADSK) Q1 2021 Earnings Conference Call May 27, 2020 5:00 PM ET Company Participants Abhey Lamba - Vice President, Investor Relations Andr

Autodesk, Inc. (ADSK) CEO Andrew Anagnost on Q1 2020 Results - Earnings Call Transcript

Autodesk, Inc. (NASDAQ:ADSK) Q1 2020 Earnings Conference Call May 27, 2020 5:00 PM ET Company Participants Abhey Lamba - Vice President, Investor Relations Andr

Sari Baldauf takes over as Nokia chair from Siilasmaa

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

Nokia veteran Sari Baldauf takes over as 5G battle rages

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

Nokia veteran Sari Baldauf takes over as 5G battle rages

Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...

NordStar Capital buys Torstar Corp. for $52-million

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

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

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

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

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

Madhya Pradesh: 'Doubling rate of COVID-19 cases is at 21 days', says CM Chouhan

Coronavirus outbreak: CM Chouhan claims doubling rate of COVID-19 cases stands at 21 days

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said the doubling rate of COVID-19 cases in the state was at 21 days, which is better than the national average.

MP to play key role in self-reliant india: CM

Chief Minister Shivraj Singh Chouhan has said that Madhya Pradesh will have significant contribution in building a self-reliant India. In Madhya Pradesh, maximum efforts will be made for a strong economy through job-oriented works in the fields of agriculture, horticulture, cooperatives, fisheries,

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

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

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

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

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

PM wants employers to re-hire, cites 'enormous financial pressure' being felt

Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.

PM implores employers to re-hire staff, says 45,000 job postings now up for young people

Prime Minister Justin Trudeau used his 65th morning press conference since the COVID-19 pandemic was declared in mid-March to implore Canadian businesses to re-hire their employees, and encouraged young people to look into the 45,000 job postings available to those looking for work this summer.

PM Trudeau says jobs available for young people, implores employers to re-hire

Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.