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-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 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, Mitsubishi outline new plan to survive coronavirus crisis

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

Renault and Nissan 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.

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.

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 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 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 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 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.

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 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.

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 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 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.

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: 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.

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

Elon Musk: Space entrepreneur’s race to Mars

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

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

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 »

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

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

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

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 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

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 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 faces India mobile payments competition claim

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

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

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 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

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.

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

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

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.

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

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

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...

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.

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 ...

State ownership of airlines may be side effect of coronavirus

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

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)

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.

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.

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

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

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 ...

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.

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.

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

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

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

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

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.

To meet revenue shortfall, Punjab to go for additional borrowing amid corona crisis

The state governments have extremely limited fiscal space, especially after the implementation of the Goods and Services Tax.

Punjab approves reforms to avail additional borrowing of 1.5% of GSDP

The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal

Punjab to go for additional borrowing amid corona crisis

Punjab to go for additional borrowing amid corona crisis: With Punjab staring at 30 per cent shortfall in revenue receipts in the 2020-21 fiscal, the Council of Ministers .... Get all latest entertainment & viral stories on english.lokmat.com

No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

A call focusing on the future US economic outlook hosted by Goldman Sachs that mentioned Bitcoin alongside gold got the crypto market buzzing early this week.

Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open

Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.

Bitcoiners Go Wild After Goldman Revives Tulip Mania Comparison

Goldman Sachs Group Inc. just forged a lot of new enemies -- in the crypto world.

Third phase of Musaffah, Abu Dhabi, sanitisation programme starts

Entry and exit to the area will be restricted during the sanitisation programme

Hotels prepare to reopen facilities in Abu Dhabi

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has issued detailed guidelines for properties in the emirate…

ADX ends Wednesday in green after Eid holiday

Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) closed Wednesday’s trading session on a positive note in its first session after the three-day Eid Al Fitr holiday. The general index rose by 0.51% or 20.86 points to …

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.

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.

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-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-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.

Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked

Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...

Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)

Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.

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

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

Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report

The latest Financial Stability Report uses 'stress tests' to assess bank resilience.

Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses

Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner

Virus could cost SA five years of potential output

Reserve Bank ready to step in with a ‘variety of additional tools’.

Leo Puri to take over as Chairman of JP Morgan

Kalpana Morparia to retire

JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins

Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO

Leo Puriset to join JP Morgan

Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and

MPA, NATO Ask Congress for Temporary Liability Relief as Businesses Reopen

The letter, sent by the U.S. Chamber of Commerce and signed by over 200 trade and business groups, calls for Congress "to quickly enact temporary and targeted liability relief legislation related to the COVID-19 pandemic."

Amtrak requests additional $1.5B in federal funding for coronavirus relief

May 26 (UPI) -- Passenger railroad service Amtrak on Tuesday asked Congress for an additional $1.5 billion in federal funds to help it maintain operations amid the effects of the COVID-19 pandemic.

IndoStar Capital Finance raises Rs 1,225 crore

IndoStar has assets under management of around Rs 10,200 crore and has nearly 70,000 customers.

Brookfield invests ₹1,225 crore in IndoStar

NBFC to get access to debt financing

Over-Leveraged Zombie Companies Threaten Economic Recovery

Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt

Corporate Rescue

Just announcing $4.5 trillion in future spending to support securities markets was enough to keep investors protected from the downsides of the pandemic.

European Union unveils €750 billion economy rescue plan

Bloc will borrow funds from the market and disburse them in loans and grants.

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

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

German firm introducing game-changing solar-wind-wave energy platform

A German power firm will launch demonstrations of a one-of-a-kind, triple-threat power generating platform off Iraklio, Greece, later this year.

German Company Combines Wind, Wave, & Solar Power In One System

Go big or go home. That seems to be the motto of SINN Power of Germany. Founded in 2014 by Phillip Sinn, the company's primary focus is

India initiates anti-dumping probe into imports of polyester yarn from 4 countries

India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.

India initiates anti-dumping probe into imports of polyester yarn from 4 countries

The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.

Patanjali to raise Rs 250 cr through debentures

Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.

Baba Ramdev takes bond street: Patanjali to raise Rs 250 cr in debentures; here’s how it will use the money

Baba Ramdev-led Patanjali Ayurveda is planning to raise Rs 250 crore by issuing debentures, in an attempt to meet its working capital requirement.

5 Dividend Kings to Buy and Hold Forever

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

Iron Mountain: Strong Operating Results Despite COVID-19

Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre

Profit of Tube Investments at ₹74 crore

Tube Investments of India Ltd. (TIIL) has posted a standalone net profit after tax of ₹74 crore for the fourth quarter ended March 2020, including an exceptional item of ₹22 crore.TII had recorded a n

Dabur Q4 profit slides 24% due to Covid-19 impact

FMCG major Dabur India on Wednesday reported a consolidated net profit of ₹281 crore for the quarter ended March 31, down 24 per cent year-on-year (YoY), due to the adverse impact of Covid-19 and the

Canada investigating alleged dumping of steel imports from five countries

Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers

Steel dumping investigation

The Canada Border Services Agency says it has initiated an investigation in alleged dumping of some steel imports from Taiwan, Germany, South Korea, Malaysia and Turkey.

Nevada call center for gig worker unemployment claims down until June 1

The Alorica call center tasked with helping independent contractors and self-employed workers with filing for unemployment insurance benefits appears to have temporarily stopped taking calls.

Nevada gig workers unable to have unemployment claims reviewed until Monday

The Alorica call center tasked with helping gig workers file for unemployment insurance benefits is still open for business, but filers will not be able to connect with an adjudicator until Monday.

NCC suspends Spectrum Trading guidelines - The Nation Nigeria

The Nigerian Communications Commission (NCC) Wednesday suspended the Spectrum Trading Guidelines (2018) for the nation's telecommunications industry.

NCC announces indefinite suspension of 2018 spectrum trading guidelines

By Emmanuel Elebeke The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. The position was taken at a recent meeting of the Board of Commissioners of the Commission and urged all licensed telecommunications operators, prospective investors, industry stakeholders and the general public to take note. In aRead More

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.

Technology that could save 12% of the energy used in pressurized irrigation

Irrigation agriculture not only requires a large amount of water but it also uses a significant amount of energy, which in addition to affecting the environment, constitutes a major financial burden for ...

Technology is studied that could save 12% of the energy used in pressurized irrigation

A study, performed in two Andalusian provinces, analyzed the potential of producing electricity by means of recovering hydraulic energy by implanting new technology based on pumps working as turbines

Stimulus package

And with deft shepherding and appealing to their patriotic duty, the chairman of the congressional panel tackling the massive and historic measure passed muster at the committee level.

The 4 Stimulus Bills Saving America From Its Biggest Depression Ever

The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.

Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore

Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg

Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.

Older workers typically work in jobs that cannot be done at home and that involve close contact with others.

Saudi Arabia tourist visas to be extended for three months

Tourist visas to be extended automatically free of charge for three months

Jawazat to extend tourist visas for 3 months without fee

Jawazat to extend tourist visas for 3 months without fee

'Safety stamp' launched by World Travel & Tourism Council for 'hygienic' destinations and businesses in bid to reassure holidaymakers and speed up tourism recovery

The stamp will allow travellers 'to recognise governments and businesses around the world which have adopted health and hygiene global protocols', so they can experience 'safe travels'.

WTTC launches world’s first ever global safety stamp

The landmark move by WTTC has also received the backing of the influential United Nations World Tourism Organization (UNWTO).

You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy

The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.

Food industry can weather global economic shock: BKPM

Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.

Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output

The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs

OPEC+ must plan exit strategy: Kemp

OPEC+ must plan exit strategy: Kemp

EUR/JPY Price Analysis: Euro pops and retraces vs. Japanese yen, trades near 118.30 level

EUR/JPY is retracing from the May’s highs while trading above its main SMAs on the four-hour chart. However, the spot seems to be struggling to overcome the 1

EUR/JPY Price Analysis: Shifts the focus to the 200-day SMA

EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier at 119.00 the fig

Wheat procurement on target despite lockdown

While it is progressing swiftly in States like Punjab and Haryana, U.P. is lagging behind; Madhya Pradesh crosses target

‘Enough local labour available in Punjab for paddy sowing’

"Some migrant labourers are available in Punjab, while we have plans to use direct seeding system and mechanised paddy transplantation as well."

Mix of loans and grants in Commission €750bn package

Italy and Spain, the worst-hit EU countries by the coronavirus pandemic, will get much of the new money under the European Commission's recovery plans - that mark a turning point for the bloc in moving towards joint debt.

Anger as EU orders all nations to chip into ‘unprecedented’ €750bn coronavirus recovery fund for worst-hit countries

A CONTROVERSIAL €750bn bailout of European Union countries worst hit by the coronavirus is set to spark a furious clash. The “unprecedented” measures will help economies hammered by the…

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

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

The Trip Aboard Carnival Cruises Stock Will Be Stormy

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

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

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

Most Brazilians want tougher lockdowns even as economic cost mounts

SAO PAULO (Reuters) - Most Brazilians support stricter social distancing measures to control the coronavirus, according to a poll published on Wednesday, even as the full economic toll began to emerge with data showing the loss of over a million jobs since the outbreak hit.

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. 

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

Frankfurt Book Fair to go ahead on schedule in October

FRANKFURT (Reuters) - Frankfurt’s annual book fair - the world’s largest - will take place as scheduled in mid-October, its organisers said on Wednesday, a sign of some return to normality amid the coronavirus pandemic.

Frankfurt Book Fair to go ahead on schedule this year

FRANKFURT — Frankfurt’s renowned annual book fair will take place on its original dates in mid-October, its organizers said on Wednesday, a sign of some return to normality amid the coronavirus pandemic.

Lawsuit over festival refunds

Two men are suing organizers of Ultra Music Festival, claiming they were denied refunds after the the three-day electronic dance music festival in Miami was cancelled in March because of the coronavirus pandemic.

Ultra Music Fest Hit With a Class Action Over Refusal to Issue Ticket Refunds

Two Florida residents are suing Ultra Music Festival for refusing to give refunds for their 2020 cancelled electronic music festival.