Economy 4529 May12:0014:0016:0018:0020:00
French carmaker Renault to cut 15,000 jobs worldwide

29 May 00:00 27 articles

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the

29 May 00:00 The Washington Times 8941836442755062329.html
French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

29 May 12:49 CTVNews 2422791599140171880.html
Renault to cut 15,000 jobs

Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

29 May 00:00 Telangana Today 8182025568155724037.html
Renault to cut 15,000 jobs

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

29 May 06:46 Castanet 616068603019488300.html
French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs

Top official admits that manufacturer had been spending way too much, plans 10% job cuts

29 May 06:51 Gulf News 2086521545202241887.html
French carmaker Renault announces 15,000 job cuts worldwide

Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global

29 May 00:00 The Pioneer 1146783232630092176.html
French carmaker Renault announces 15,000 job cuts worldwide

PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.

29 May 06:52 KitchenerToday.com 52741009702364975.html
French carmaker Renault announces 15,000 job cuts worldwide

The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.

29 May 07:50 The Economic Times 7653256037411750161.html
French carmaker Renault announces 15,000 job cuts worldwide

Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide

29 May 08:01 TechGenyz 5378425015846222589.html
French Carmaker Renault Plans to Eliminate Nearly 15,000 Jobs Worldwide Amid Pandemic

Earlier, French President Emmanuel Macron said that authorities intend to send 8 billion euros to support the automotive industry.

29 May 06:01 Sputniknews 967333868241438153.html
Renault to cut 15,000 jobs in US$2.2b cost cutting plan

PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...

29 May 07:13 CNA 5644198863133049479.html
Renault to cut 15,000 jobs worldwide, including 4,600 in France: Sources

French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said Thursday. The plan,

29 May 07:44 Deccan Herald 2027555797721716978.html
Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France

French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…

29 May 04:19 France 24 5635134571035291232.html
Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

29 May 08:04 Tech Xplore 4945708898730161403.html
Renault to cut 15,000 jobs in 'vital' cost-cutting plan

French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce

29 May 12:30 Rappler 1882105643772097192.html
Renault to cut 14,600 jobs worldwide and lower capacity

Cost reductions aimed at outlasting the downturn that has rocked the auto industry

29 May 07:56 The Irish Times 8204772967574399179.html
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs

Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.

29 May 09:46 Interesting Engineering 7328942541817317440.html
Renault poised to announce 15,000 layoffs worldwide

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.

29 May 04:35 The Indian Express 2885715105049920910.html
Renault to slash about 15,000 jobs in €2bn cost-cutting plan

Carmaker eyes production cuts after fall in demand during coronavirus crisis

29 May 11:08 Ft 707176890028434978.html
Renault to restructure French factories in high-stakes reboot plan

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...

29 May 13:45 CNA 5644198862401630530.html
Renault poised to announce 15,000 layoffs worldwide: union

French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...

29 May 02:40 CNA 5644198862558315927.html
Renault announces nearly 15,000 job losses worldwide

Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.

29 May 06:24 RTE.ie 7595237278015603014.html
Renault to restructure factories, confirms 15,000 job cuts

News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.

29 May 06:25 The Times of India 6060938663569387067.html
Renault poised to announce 15,000 lay offs worldwide

Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.

29 May 00:00 Moneycontrol 1603024965087732964.html
Renault to restructure French factories in bid to slash costs

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...

29 May 13:45 CNA 5644198862648852852.html
Renault staying in Formula One despite massive restructuring

Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures including plans to cut 15,000 jobs worldwide. Renault's F1 future had been uncertain given the financial pressures on the French car giant and a slump in demand due to the COVID-19 pandemic. Renault finished fifth overall last season.

29 May 08:50 Autoblog 4372976973040782190.html
Coronavirus crisis: Renault to lay off 150,000 employees globally

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France

29 May 03:50 Business Today 1145527431237434548.html
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD

29 May 03:58 24 articles

Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD

India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,

29 May 03:58 The Times of India 6060938664650064741.html
Capgemini's top executive Thierry Delaporte is new Wipro CEO

Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines

29 May 03:45 Business Today 1145527432291867301.html
Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD

Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6

29 May 04:15 Business-Standard 1502508924853868927.html
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

29 May 04:05 NDTV.com 5090057681448379975.html
Wipro appoints Thierry Delaporte as new CEO and MD

Wipro's 3-month old leader hunt comes to an end

29 May 05:34 The Hindu 6679535025833020055.html
Wipro appoints Thierry Delaporte as CEO and MD

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi

29 May 13:08 BusinessLine 5283602107987840.html
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June

Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.

29 May 04:10 Firstpost 4760741712676426010.html
Wipro appoints Thierry Delaporte as CEO & Managing Director

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio

29 May 08:44 BusinessLine 5283600313163776.html
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD

Appoints French IT services firm's COO Thierry Delaporte for its top post

29 May 06:59 Business-Standard 1502508926502333377.html
Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

29 May 04:26 Business-Standard 1502508925200004732.html
Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte

Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.

29 May 03:35 The Economic Times 7653256037181841993.html
Wipro shares up by nearly 4%, after appointment announcement of Capgemini exec, Thierry Delaporte

29 May 06:42 Free Press Journal 9080771787338818279.html
Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

29 May 04:26 Business-Standard 1502508926271545722.html
Thierry Delaporte appointed as CEO and Managing Director of WIPRO

29 May 04:02 Free Press Journal 9080771787223824047.html
India's Wipro names new CEO; Thierry Delaporte to take over July 6

Thierry Delaporte to join from Capgemini and will be based in Paris

29 May 05:21 Gulf News 2086521543999459969.html
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company

Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020

29 May 06:10 Firstpost 4760741713225168042.html
Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT

Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.

29 May 13:19 The Economic Times 7653256037122761091.html
Who is Wipro’s new MD and CEO?

Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.

29 May 08:03 The Indian Express 2885715104357463079.html
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts

Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete

29 May 08:03 Livemint 6614605818012450478.html
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss

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

29 May 11:07 The Financial Express 1288289579772078494.html
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts

Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.

29 May 00:00 Moneycontrol 1603024963631016671.html
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director

Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.

29 May 04:51 NDTV.com 5090057682265371242.html
Wipro shares jump 7 per cent on new CEO appointment

Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.

29 May 00:00 Telangana Today 8182025566728535733.html
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?

Wipro's peers TCS and HCL Tech have always placed faith in long-timers.

29 May 00:00 Moneycontrol 1603024965112212963.html
Google considering taking stake in Vodafone Idea: Report

29 May 04:52 20 articles

Google considering taking stake in Vodafone Idea: Report

A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.

29 May 04:52 The Indian Express 2885715105377118764.html
Google could pick up stake in Vodafone Idea

A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.

29 May 00:56 The Asian Age 2126266544114886149.html
Google may pick 5% stake in Vodafone Idea

Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook in investing in the world’s fastest-growing mobile arena. Google may take a stake of about 5% in Vodafone Idea, though the deliberations are at a very early stage, the FT cited people familiar with the matter as saying.

29 May 08:22 Deccan Herald 2027555797023268434.html
Vodafone Idea not considering any proposal from Google

On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.

29 May 00:00 Moneycontrol 1603024964936570175.html
No proposal from Google, says Vodafone Idea

29 May 10:21 Free Press Journal 9080771788789875236.html
Google mulls Vodafone Idea stake acquisition - report

Google plans to invest in Indian operator Vodafone India. The US giant seeks to acquire a 5 percent stake in Vodafone Idea, Financial Times reports, citing unnamed sources familiar with the matter. No financial details related to the planned transaction have been disclosed. 

29 May 07:53 Telecompaper 8935967933746773.html
Vodafone Idea dismisses report of Google buying stake

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

29 May 11:47 Business Today 1145527431791070335.html
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google

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

29 May 11:21 Bloomberg | Quint 7403450741658805191.html
Vodafone Idea stock jumps 35% on report of possible stake sale to Google

Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt

29 May 13:36 Business-Standard 1502508925047644177.html
Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities

The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.

29 May 09:32 The Economic Times 7653256037222191068.html
Vodafone Idea issues clarification on reports of Google picking stake in company

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

29 May 11:12 The Statesman 1191309781477413474.html
Vodafone Idea shares up by 30% amid reports of Google investment

29 May 08:01 Free Press Journal 9080771788353054062.html
Vodafone Idea surges 35% on report Google eyeing 5% stake, trims gain later

The stock has been more-than-doubled from Rs 3.04 on April 1, as compared to a 13.4 per cent rise in the S&P BSE Sensex during the same period.

29 May 03:49 Business-Standard 1502508926166912033.html
Vodafone Idea share price zooms 35% on report Google eyeing stake in telco

Share price of Vodafone Idea gained 35% to Rs 7.85 compared to the previous close of Rs 5.82 on BSE

29 May 04:09 Business Today 1145527431317231067.html
Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco

Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.

29 May 10:08 The Financial Express 1288289579567506377.html
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report

Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo

29 May 12:26 BusinessLine 5283601659934867.html
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale

Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.

29 May 00:00 Moneycontrol 1603024965273217916.html
No proposal before board now, says Voda Idea on Google picking stake in co

The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.

29 May 09:48 Business-Standard 1502508925815974829.html
Daily briefing: Satellite picks up Chinese artillery near LAC; Google mulls taking stake in Vodafone Idea

After Facebook bought a stake in Jio, now Google is looking to invest in Indian telecom. The Financial Times reported that it is eyeing the debt-laden Vodafone Idea.

29 May 03:51 The Indian Express 2885715105274612102.html
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco

For a 5 per cent stake, Google will have to shell out $110 million.

29 May 04:22 The Economic Times 7653256038275645702.html
How important is Hong Kong to China as a free finance hub?

29 May 00:00 16 articles

How important is Hong Kong to China as a free finance hub?

China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.

29 May 00:00 Moneycontrol 1603024964861033475.html
How important is Hong Kong to China as a free finance hub?

While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.

29 May 08:15 The Economic Times 7653256037791915878.html
Stocks slip as markets await Trump’s Hong Kong response

Sino-US tensions outweigh optimism over re-opening.

29 May 04:43 Moneyweb 1092550948003994197.html
Explainer: How important is Hong Kong to China as a free finance hub?

Explainer: How important is Hong Kong to China as a free finance hub?

29 May 00:00 Investing.com 5710361976153450662.html
Explainer: How important is Hong Kong to China as a free finance hub?

Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing

29 May 08:53 Business-Standard 1502508926679069074.html
Explainer: How important is Hong Kong to China as a free finance hub?

HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.

29 May 08:32 Reuters 8334514179850264376.html
Hong Kong stocks end week with more losses

HONG KONG, May 29 — Hong Kong stocks finished with more losses today as traders nervously await Donald Trump’s news conference, in which he will set out the US response to China’s plans to impose a security law on the financial hub. The Hang Seng Index fell 0.74 per cent, or 171.29 points, to...

29 May 08:43 Malaymail 302165934961430597.html
Stocks slip as investors await Trump's Hong Kong response

LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.

29 May 08:13 Financial Post 2379081493464431795.html
Battle for Hong Kong Is Shifting to City’s Financial Markets

The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.

29 May 08:36 Bloomberg.com 4032480122169782439.html
Asian markets fall as new Chinese law puts Hong Kong’s future in doubt

Asian markets mostly fell in early trading Friday, ahead of a news conference by President Donald Trump regarding China.

29 May 03:13 MarketWatch 8975941548969900549.html
Asian Stocks Down as Investors Await Trump Action

Asian Stocks Down as Investors Await Trump Action

29 May 00:00 Investing.com 5710361975784103997.html
Global stocks slip as markets await Trump's HK response

SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...

29 May 02:51 Malaymail 302165936440667508.html
Equities drop as Trump lines up China response

HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...

29 May 09:17 Malaymail 302165934650455768.html
Investors Skittish Ahead of Expected Sanctions on China

Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.

29 May 13:52 Courthouse News Service 1799505150363622928.html
US-China tension to push Asian shares lower in choppy trade

All eyes are now on Friday's press conference hosted by Trump where he will address his response to China over its treatment of Hong Kong.

29 May 00:00 Moneycontrol 1603024964768579582.html
US Declaration Of (Cold) War

Stocks Analysis by Ed Yardeni covering: S&P 500, Dow Jones Industrial Average, ZTE Corp-H, S&P 500 Financials. Read Ed Yardeni's latest article on Investing.com

29 May 00:00 Investing.com 5710361976424023521.html
India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points

29 May 13:03 16 articles

India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points

RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".

29 May 13:03 India News, Breaking News, Entertainment News | India.com 7150386083582528444.html
India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20

Output of eight infrastructure sectors contracted by 38.1% in April.

29 May 12:32 HUFFPOST 6665507017308153118.html
Covid-19 impact: India GDP growth slows to 3.1% in March quarter

Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter

29 May 12:21 Livemint 6614605819506458709.html
India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20

India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.

29 May 13:04 The Statesman 1191309782474209857.html
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus

GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.

29 May 13:08 India Today 4286117813185149037.html
Amid coronavirus outbreak India’s GDP growth slows to 3.1% in Jan-March quarter of FY20

29 May 12:50 Free Press Journal 9080771788935583669.html
Q4 GDP data today: Why does the growth number matter to us?

Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.

29 May 00:00 Moneycontrol 1603024963766404024.html
GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%

Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.

29 May 12:19 India Today 4286117813701412525.html
March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print

A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).

29 May 00:00 Moneycontrol 1603024964984493095.html
India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain

Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21

29 May 05:02 Business Today 1145527431870800492.html
Q4FY20 GDP estimates out today: What's in store for India's economy

Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.

29 May 05:20 India Today 4286117813650801898.html
GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening

The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report

29 May 06:22 Firstpost 4760741711868037707.html
Canada GDP in April fell a record 11% as COVID-19 shutters economy

Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.

29 May 00:00 Moneycontrol 1603024963977858061.html
What's the cost of Covid lockdown? Today’s GDP data will give an idea

To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.

29 May 05:33 The Economic Times 7653256037626196390.html
GDP numbers: Data collection affected due to COVID-19 outbreak, says government

The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.

29 May 00:00 Moneycontrol 1603024964002400698.html
Canada’s economy saw record decline in March, with worse numbers forecast for April

Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold

29 May 13:18 The Globe and Mail 68426411143120148.html
Aritzia Inc. 2020 Q4 - Results - Earnings Call Presentation

29 May 03:14 15 articles

Aritzia Inc. 2020 Q4 - Results - Earnings Call Presentation

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

29 May 03:14 Seeking Alpha 5725634556454028287.html
Olympus Corporation 2020 Q4 - Results - Earnings Call Presentation

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

29 May 11:43 Seeking Alpha 5725634557596730019.html
B.O.S. Better Online Solutions Ltd. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by B.O.S. Better Online Solutions Ltd. in conjunction with their 2020 Q1 earnings call.

29 May 13:26 Seeking Alpha 5725634556614665058.html
iMedia Brands, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by iMedia Brands, Inc. in conjunction with their 2020 Q1 earnings call.

29 May 13:28 Seeking Alpha 5725634557906387052.html
Elekta AB (publ) 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Elekta AB (publ) in conjunction with their 2020 Q4 earnings call.

29 May 13:53 Seeking Alpha 5725634557663685872.html
Vipshop Holdings Limited 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Vipshop Holdings Limited in conjunction with their 2020 Q1 earnings call.

29 May 13:24 Seeking Alpha 5725634557624909298.html
Summit Wireless Technologies, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Summit Wireless Technologies, Inc. in conjunction with their 2020 Q1 earnings call.

29 May 13:22 Seeking Alpha 5725634556232819360.html
KNOT Offshore Partners LP 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by KNOT Offshore Partners LP in conjunction with their 2020 Q1 earnings call.

29 May 13:38 Seeking Alpha 5725634557544941703.html
Booz Allen Hamilton Holding Corporation 2020 Q4 - Results - Earnings Call Presentation

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

29 May 11:54 Seeking Alpha 5725634556524283000.html
AutoZone, Inc. 2020 Q3 - Results - Earnings Call Presentation

The following slide deck was published by AutoZone, Inc. in conjunction with their 2020 Q3 earnings call.

29 May 11:52 Seeking Alpha 5725634558094765039.html
ReneSola Ltd 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by ReneSola Ltd in conjunction with their 2020 Q1 earnings call.

29 May 11:45 Seeking Alpha 5725634558007163140.html
StoneCo Ltd. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by StoneCo Ltd. in conjunction with their 2020 Q1 earnings call.

29 May 12:02 Seeking Alpha 5725634557918275824.html
Hitachi, Ltd. 2020 Q4 - Results - Earnings Call Presentation

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

29 May 13:52 Seeking Alpha 5725634556912593585.html
Euroseas Ltd. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Euroseas Ltd. in conjunction with their 2020 Q1 earnings call.

29 May 13:29 Seeking Alpha 5725634556468364434.html
BRP Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by BRP Inc. in conjunction with their 2020 Q1 earnings call.

29 May 13:33 Seeking Alpha 5725634557251525937.html
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

29 May 08:15 8 articles

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement

29 May 08:15 Firstpost 4760741712337206522.html
Madras high court issues notices to Franklin Templeton MF, Sebi: Investors Group

India Business News: Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors gro

29 May 10:33 The Times of India 6060938664018412824.html
Madras High Court slaps notices to Franklin Templeton MF, Sebi, says Investors Group

29 May 11:02 Free Press Journal 9080771786911147082.html
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group

It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.

29 May 13:22 The Financial Express 1288289579541332474.html
Madras High Court issues notices to Franklin Templeton MF, Sebi

Last month, Franklin Templeton had closed six debt funds.

29 May 12:05 The Economic Times 7653256036600987555.html
Franklin Templeton to soon start e-voting process for winding up six debt schemes

Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.

29 May 01:49 The Financial Express 1288289580907297067.html
Franklin Templeton’s legal troubles rise as Madras HC issues notice

The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June

29 May 11:20 Livemint 6614605818260377020.html
Sebi seeks time to file counter in High Court on PIL against Franklin MF

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

29 May 12:23 Business-Standard 1502508924569181185.html
Greece to open to tourists from 29 countries from June 15

29 May 12:12 10 articles

Greece to open to tourists from 29 countries from June 15

Europe News: ATHENS: Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.

29 May 12:12 The Times of India 6060938663585570988.html
Greece to open to tourists from 29 countries from June 15

ATHENS (Reuters) - Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.

29 May 12:22 Reuters 8334514180411317766.html
Greece to allow visitors from 29 countries from June 15, but not UK

Greece listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic. The Greek Tourism Ministry said travellers from the permitted countries will be able to enter Greece on direct flights to Athens and to the northern city of Thessaloniki.

29 May 13:56 ITV News 2184971257594903162.html
Greece: Tourists from 29 countries can fly in as of June 15

Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.

29 May 00:00 The Washington Times 8941836442034552444.html
Greece open for travel from June 15th

The tourism ministry on Friday announced the list of countries for which Greece's borders will be "open" from June 15th, with flights permitted to land in

29 May 13:01 Greek City Times 1506177377752438103.html
Greece to allow visitors from 29 countries next month, but not UK

Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.

29 May 12:42 independent 5894610845057693618.html
Greece to allow visitors from 29 countries next month, but not UK

The popular tourist destination was quick to impose a lockdown.

29 May 12:46 Jersey Evening Post 6141642773394909198.html
Greece Will Welcome Tourists Back, But Not Americans

Visitors from nearly 30 countries can travel to Greece as early as June 15

29 May 00:00 Forbes 6028587531128963984.html
Greece bans Britons from going on holiday in the country when it reopens its borders on June 15 due to high level of UK coronavirus cases

While citizens of 29 other countries will be allowed to travel when Greece's airports reopen to tourists on June 15, the UK's number of coronavirus cases is still too high. Pictured, Mykonos.

29 May 13:27 Mail Online 124328112590668910.html
Greece to allow visitors from 29 countries next month, but not UK

The popular tourist destination was quick to impose a lockdown.

29 May 12:44 Express & Star 7324224458859505678.html
Renault announces it is staying in F1

29 May 09:21 8 articles

Renault announces it is staying in F1

Renault is staying in Formula 1 for now.

29 May 09:21 Sports Mole 7750663361946820868.html
Renault to cut 15,000 jobs, save RM9.7 billion by 2024

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

29 May 11:16 Paul Tan's Automotive News 7862472106882391314.html
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

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

29 May 00:00 Investing.com 5710361974738730182.html
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros ($2.22 billion) in savings over the next three years. "We thought too big in terms of sales," said interim Chief Exe

29 May 08:54 Autoblog 4372976972555997065.html
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot

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

29 May 11:03 The Globe and Mail 68426410031045063.html
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...

29 May 13:35 Malaymail 302165934447216501.html
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

29 May 13:01 Reuters 8334514179832803463.html
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

29 May 13:01 Reuters 8334514181111796543.html
Support For Arts And Music Sector Recovery

29 May 12:08 7 articles

Support For Arts And Music Sector Recovery

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.

29 May 12:08 SCOOP 5315659000301448806.html
Support for arts and music sector recovery - Ardern, Sepuloni, Robertson

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.

29 May 13:00 www.voxy.co.nz 6138926315511519977.html
Govt announces package to boost arts sector

The government has announced a $175 million package to boost the arts and creative sector in the wake of Covid-19. This story was first published...

29 May 00:00 Otago Daily Times Online News 3107042078866378201.html
Green Party Welcomes Crucial Financial Support For Creatives

The Green Party says new government support for creatives and artists is a vital lifeline for a sector struggling to survive the COVID crisis.

29 May 12:03 SCOOP 5315658999185114462.html
Govt announces package to boost arts sector

The government has announced a $175 million package to boost the arts and creative sector in the wake of Covid-19. This story was first published...

29 May 00:00 Otago Daily Times Online News 3107042079290011135.html
Support for arts and music sector recovery - Government

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.

29 May 13:55 www.voxy.co.nz 6138926315804721701.html
'Green Party welcomes crucial financial support for creatives'

The Green Party says new government support for creatives and artists is a vital lifeline for a sector struggling to survive the COVID crisis.

29 May 13:04 www.voxy.co.nz 6138926314902144455.html
GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent

29 May 12:34 6 articles

GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent

The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.

29 May 12:34 The Economic Times 7653256037299460965.html
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%

On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.

29 May 13:30 Abplive 5873643725920283825.html
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

29 May 12:19 Business-Standard 1502508925541543150.html
Coronavirus Impact: GDP growth lowest in 11 years

India's gross domestic product (GDP) grew at 3.1 per cent in the final quarter of financial year 2019-20, lowest in 44 quarters, according to the government data released on Friday. Overall growth for FY20 slumped to 4.2 per cent - lowest since FY09 when

29 May 00:00 Business Today 1145527431028913291.html
Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20

Business Standard brings to you the top headlines of the day

29 May 10:25 Business-Standard 1502508926046619621.html
India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis

India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)

29 May 12:15 Business Today 1145527432738635945.html
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

29 May 00:00 6 articles

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.

29 May 00:00 Moneycontrol 1603024964460067268.html
India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy

According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks

29 May 07:10 TechGenyz 5378425016004523179.html
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.

29 May 07:06 The Economic Times 7653256037824296285.html
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19

29 May 12:48 Deccan Herald 2027555796568003260.html
Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer

India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.

29 May 13:18 The Financial Express 1288289580695987978.html
India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

29 May 09:54 Business-Standard 1502508925035428504.html
Volkswagen spending $2.2 billion to expand in China’s electric car market

29 May 00:00 5 articles

Volkswagen spending $2.2 billion to expand in China’s electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

29 May 00:00 Telangana Today 8182025567132434382.html
VW spending $2.2B to expand in China’s electric car market

Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.

29 May 06:38 TechGenyz 5378425015913960931.html
VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...

29 May 07:58 Tech Xplore 4945708899343696713.html
VW spending $2.2B to expand in China's electric car market

BEIJING — Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic.

29 May 06:05 680News 8014034334214280675.html
VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

29 May 13:03 CTVNews 2422791598231115851.html
Peet’s Coffee IPO Raises $2.5 Billion 

29 May 00:00 5 articles

Peet’s Coffee IPO Raises $2.5 Billion 

Peet’s Coffee IPO Raises $2.5 Billion 

29 May 00:00 Investing.com 5710361976379843304.html
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO

AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.

29 May 13:50 Reuters 8334514180678443740.html
Douwe Egberts' parent valued at €15.6 billion in Amsterdam IPO

Coffee maker JDE Peet's, parent company of Douwe Egberts among others, made its stock debut on Amsterdam's AEX on Friday, one of only a handful of IPOs launched in the coronavirus crisis. Shares

29 May 09:30 NL Times 9001346994252203355.html
As Peet’s Coffee Parent Shares Surge Post IPO, Expect It To Be A Bigger Contender Against Starbucks

The coronavirus pandemic may have shut restaurants and cafes, but it’s not quenched the thirst for coffee: shares of Peet’s Coffee parent JDE Peet's surged 14% on Friday after an initial public offering, likely paving the way for Peet’s to be a bigger challenger against coffee house giant Starbucks.

29 May 00:00 Forbes 6028587532409905373.html
European coffee giant brews a strong IPO

JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace

29 May 05:53 Gulf News 2086521544181435112.html
COVID-19 pandemic: US consumer spending tumble in April

29 May 00:00 4 articles

COVID-19 pandemic: US consumer spending tumble in April

The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.

29 May 00:00 Moneycontrol 1603024964495244188.html
Coronavirus depresses U.S. consumer spending in April

U.S. consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. The Commerce Department said on Friday consumer spending,

29 May 13:03 Yahoo 7097669637980581976.html
Coronavirus depresses U.S. consumer spending in April

WASHINGTON (Reuters) - U.S. consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression.

29 May 13:34 Reuters 8334514179704286533.html
Government's stimulus program to boost consumer spending

The world has been experiencing an unprecedented economic downturn due to the COVID-19 pandemic. A significant number of economic activities have shut down. With increasing unemployment, economists are devising and proposing economic measures that could help ensure a sustainable increase in consumer spending and circumvent a long-term economic recession. However, whether the proposed economic measures are going to provide a long-term solution to these problems remains a concern.

29 May 04:00 EurekAlert! 8889232468082336633.html
Volkswagen invests 2 billion euros in Chinese electric vehicle sector

29 May 13:20 3 articles

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech

29 May 13:20 Rappler 1882105642751442254.html
Volkswagen invests two billion euros in China – new acquisitions are part of its electrification strategy

Volkswagen has announced some big moves in China as part of its electrification strategy in the world's largest auto market. The German giant plans to

29 May 08:20 Paul Tan's Automotive News 7862472106291726060.html
Volkswagen Ploughs Over $2 Billion Into the Chinese Electric Car Industry

On Friday, Volkswagen announced it would be investing $2.2 billion in two companies in the Chinese electric vehicle sector in a bid to push forward the "world's biggest market" towards the electrification of cars.

29 May 08:44 Interesting Engineering 7328942541279250305.html
Financial sector weighs on S&P/TSX composite, U.S. stock markets down

29 May 08:00 3 articles

Financial sector weighs on S&P/TSX composite, U.S. stock markets down

Losses in the financial sector helped weigh down Canada's main stock index in late-morning trading as it posted a triple-digit decline, while U.S. stock markets also moved lower.

29 May 08:00 CTVNews 2422791598238444055.html
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading

Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks.

29 May 08:00 CTVNews 2422791598816352092.html
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading

TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.

29 May 13:48 KitchenerToday.com 52741010189574190.html
SAA’s BRPs ask for another extension to finalise rescue plan

29 May 00:00 3 articles

SAA’s BRPs ask for another extension to finalise rescue plan

This will be their fourth extension since taking charge of the embattled airline since December last year.

29 May 00:00 ewn.co.za 2308610108161451945.html
SAA's BRPs criticised for delaying rescue plan

The plan was expected to be made public on Friday but the practitioners have asked for an extension to 8 June.

29 May 00:00 ewn.co.za 2308610107759650173.html
Another delay in release of SAA rescue plan

Rescue practitioners Siviwe Dongwana and Les Matuson have asked creditors for another extension — the fourth thus far — to the deadline to publish SAA’s business rescue plan.

29 May 13:13 Daily Maverick 2373996787291754192.html
Vestager says she is not placing extra hurdles in way of Lufthansa bailout

29 May 09:20 3 articles

Vestager says she is not placing extra hurdles in way of Lufthansa bailout

BRUSSELS — EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.

29 May 09:20 Financial Post 2379081491987432001.html
Vestager hits back at Lufthansa bailout criticism

Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.

29 May 13:42 EUobserver 625925298145076137.html
Preliminary agreement reached in Lufthansa bailout row: source

Preliminary agreement reached in Lufthansa bailout row: source

29 May 00:00 Investing.com 5710361975896341358.html
Analysts welcome reduction of lending rate by CBN

29 May 13:01 3 articles

Analysts welcome reduction of lending rate by CBN

Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would

29 May 13:01 Premium Times Nigeria 5456729301195852637.html
Ex-CBN director lauds MPC over interest rate reduction

A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.

29 May 10:59 The Guardian 7580308505399080232.html
Access Bank plans more loans for health care - The Nation Nigeria

Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...

29 May 06:17 Latest Nigeria News, Nigerian Newspapers, Politics 2658445900604553237.html
With 'Main Street' in view, Fed weighs risks of job, productivity shocks

29 May 00:00 3 articles

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

With 'Main Street' in view, Fed weighs risks of job, productivity shocks

29 May 00:00 Investing.com 5710361976264321318.html
With 'Main Street' in view, Fed weighs risks of job, productivity shocks

WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.

29 May 05:06 Reuters 8334514180592306397.html
With 'Main Street' in view, Fed weighs risks of job, productivity shocks

U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...

29 May 13:10 CNA 5644198863281265621.html
Tokyo to further relax coronavirus curbs on Monday, governor says

29 May 05:39 3 articles

Tokyo to further relax coronavirus curbs on Monday, governor says

TOKYO — Curbs in Japan’s capital of Tokyo to contain the coronavirus are to be eased further from Monday, Governor Yuriko Koike said, citing the recommendation of an advisory panel.

29 May 05:39 National Post 4816958590890092740.html
Tokyo to further relax coronavirus curbs on Monday, governor says

TOKYO: Curbs in Japan's capital of Tokyo to contain the coronavirus are to be eased further from Monday (Jun 1), Governor Yuriko Koike said, ...

29 May 13:59 CNA 5644198863591917744.html
Tokyo to further relax coronavirus curbs on Monday, governor says

TOKYO (Reuters) - Curbs in Japan’s capital of Tokyo to contain the coronavirus are to be eased further from Monday, Governor Yuriko Koike said, citing the recommendation of an advisory panel.

29 May 09:57 Reuters 8334514180448095948.html
Better Buy: Alibaba vs. Alphabet

29 May 13:40 3 articles

Better Buy: Alibaba vs. Alphabet

These two technology giants are leaders in their respective markets. Discover what makes one a better investment choice.

29 May 13:40 The Motley Fool 2231313659125647414.html
2 Stocks I'll Hold Forever

These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.

29 May 13:15 The Motley Fool 2231313658008280693.html
Better Buy: Zoom Video Communications vs. Microsoft

Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?

29 May 13:30 The Motley Fool 2231313658755361716.html
20 Lakh Crore Economic Package Was A Show Off By The Government: Abhishek Manu Singhvi

29 May 10:45 3 articles

20 Lakh Crore Economic Package Was A Show Off By The Government: Abhishek Manu Singhvi

Senior Congress leader Abhishek Manu Singhvi attacked the government over a faltering economy. 'GDP is falling continuously,' he said adding that the 20 lakh crore economic package is a mere show-off by the government.

29 May 10:45 Abplive 5873643726212308916.html
Bengal’s Amphan-Damage Assessment Of Rs 1 Lakh Crore May Be Grossly Inflated, And That’s Why Centre Should Scrutinise It Closely

There are many reasons to doubt this seemingly fantastical Amphan-damage assessment figure of Rs 1 lakh crore.

29 May 13:19 Swarajya 4977622828831642158.html
FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%

This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore

29 May 13:35 Livemint 6614605819622432221.html
CBOT Trends - Corn, wheat mixed; soybeans down 4-6 cents

29 May 13:06 3 articles

CBOT Trends - Corn, wheat mixed; soybeans down 4-6 cents

CHICAGO, May 29 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Friday.WHEAT - Mixed, up 2 cents to down 2 cents per bushel* Technical selling pressuring wheat after most-active contract rallied 2% on Thursday. But strong export sales report supportive.

29 May 13:06 Successful Farming 8502642054091810514.html
GRAINS-Corn set for biggest weekly gain in more than 7 months

SYDNEY, May 29 (Reuters) - U.S. corn futures rose for a fifth consecutive session on Friday as concerns about adverse weather impacting crops pushed the grain towards its biggest weekly gain in more than seven months.FUNDAMENTALS* The most active corn futures on the Chicago Board Of Trade were up more than 3% for the week, heading for their biggest weekly gain since October 2019.* Corn was up 0.5% at $3.29 a bushel by 0106 GMT after rallying more than 2% on Thursday, when prices hit their highest since April 23 at $3.30-3/4 a bushel.

29 May 01:26 Successful Farming 8502642053910484359.html
GRAINS-Corn extends gains, set for biggest weekly jump in 7 months

* Corn firms for fifth straight session* Wheat poised to finish the week up 1%* Soybeans on course for biggest weekly gain in two monthsBy Colin PackhamSYDNEY, May 29 (Reuters) - U.S. corn futures rose for a fifth consecutive session on Friday as concerns about adverse weather impacting crops and signs of increased demand pushed the grain towards its biggest weekly gain in more than seven months.Wheat was little changed but was on course to finish the week up 1%, while soybeans were poised to record their biggest weekly gain in two months.

29 May 03:44 Successful Farming 8502642053702816297.html
Uber introduces a new hourly rate for longer, multistop trips

29 May 13:18 3 articles

Uber introduces a new hourly rate for longer, multistop trips

Uber will charge $50 an hour for these longer trips.

29 May 13:18 The Verge 1337119303300853172.html
Uber now lets U.S. riders book trips for $50 an hour

Uber is introducing a new service that allows riders in the U.S. to book trips for $50 per hour up to a maximum of seven hours.

29 May 13:00 VentureBeat 6273363636141269069.html
Uber launches hourly ride booking option in some U.S. cities

(Reuters) - Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic.

29 May 13:07 Reuters 8334514180628238083.html
Fed's Mester says it's hard to imagine quick V-shaped recovery

29 May 00:00 3 articles

Fed's Mester says it's hard to imagine quick V-shaped recovery

Fed's Mester says it's hard to imagine quick V-shaped recovery

29 May 00:00 Investing.com 5710361975417775229.html
Fed’s Mester Leans Against Yield-Control Move at June FOMC

Fed’s Mester Leans Against Yield-Control Move at June FOMC

29 May 00:00 Investing.com 5710361975646525389.html
Fed's Mester: Hard to imagine a quick V-shaped recovery as consumers remain cautious

The Federal Reserve's actions so far improved the market liquidity and functioning, Cleveland Federal Reserve President Loretta Mester told Bloomberg

29 May 13:23 FXStreet 4480975638807589333.html
Australia's 'war cabinet' shifts focus to jobs: PM

29 May 05:28 2 articles

Australia's 'war cabinet' shifts focus to jobs: PM

SYDNEY (Reuters) - Australia’s “war cabinet” will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel coronavirus, Prime Minister Scott Morrison said on Friday.

29 May 05:28 Reuters 8334514180205558563.html
Australia's 'war cabinet' shifts focus to jobs

Australia's "war cabinet" will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel ...

29 May 13:51 CNA 5644198864260411077.html
German regulator examines stock trades by Wirecard CEO

29 May 00:00 2 articles

German regulator examines stock trades by Wirecard CEO

German regulator examines stock trades by Wirecard CEO

29 May 00:00 Investing.com 5710361974467534840.html
German regulator examines stock trades by Wirecard CEO

FRANKFURT (Reuters) - Germany’s market regulator said on Friday it was investigating whether Markus Braun, the CEO of payments firm Wirecard, had violated insider-trading rules by buying stock during the quiet period before publication of its annual report.

29 May 13:45 Reuters 8334514180198992311.html
GDP growth in 2019-20 slows to 11-year low of 4.2%, Jan-Mar growth dips to 3.1%

29 May 13:08 2 articles

GDP growth in 2019-20 slows to 11-year low of 4.2%, Jan-Mar growth dips to 3.1%

In 2019-20, the Indian economy grew by 4.2% against 6.1% growth rate in 2018-19.

29 May 13:08 DNA India 7533428661811494979.html
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%

In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.

29 May 13:27 The Hindu 6679535025305301562.html
Bitcoin Could Hit $11,000 in June 2020; Here’s Why

29 May 13:12 2 articles

Bitcoin Could Hit $11,000 in June 2020; Here’s Why

Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month.

29 May 13:12 NewsBTC 7232133509684588591.html
Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next

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

29 May 11:00 NewsBTC 7232133510942686038.html
Lagos BRT increases fares by 50%

29 May 06:05 2 articles

Lagos BRT increases fares by 50%

Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...

29 May 06:05 Punch Newspapers 3524240995106930164.html
Lagos BRT fares hike unnecessary, wicked —Commuters

Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state. The News Agen...

29 May 13:42 Punch Newspapers 3524240993992161450.html
Reopen Koyambedu market with safety regulations in place, traders’ associations say

29 May 08:57 2 articles

Reopen Koyambedu market with safety regulations in place, traders’ associations say

Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space

29 May 08:57 The Hindu 6679535025819966577.html
Reopen Koyambedu market, other shops, traders urge govt.

Association says alternative site affected business, farmers’ livelihood

29 May 13:26 The Hindu 6679535025661622683.html
MultiChoice customers to purchase television items on Jumia

29 May 13:10 2 articles

MultiChoice customers to purchase television items on Jumia

Kampala, Uganda | JULIUS BUSINGE | MultiChoice Uganda customers can now access a range of items including decoders, dish, external antenna, remote control on the e-commerce website – Jumia, officials announced on May 29. Colin Asiimwe, the MultiChoice Uganda head of marketing said that the partnership between the two firms is timely in light of the …

29 May 13:10 The Independent Uganda: 5099025989120498957.html
Vivo Energy cleans up its fuel stations as private cars return on the road

Kampala, Uganda | Julius Businge | Vivo Energy Uganda, the distributor and marketer of Shell branded fuels and lubricants in Uganda embarked on a deep cleaning and sanitizing exercise at its Shell service stations countrywide in preparation for the resumption of vehicle traffic on the roads. The company said on May 25 that the move followed …

29 May 04:30 The Independent Uganda: 5099025990631891933.html
How This Week Highlights the Challenges Facing General Electric Stock

29 May 13:44 2 articles

How This Week Highlights the Challenges Facing General Electric Stock

GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.

29 May 13:44 InvestorPlace 24614509308095101.html
General Electric (GE) Presents at Bernstein 36th Annual Strategic Decisions Virtual Conference (Transcript)

General Electric Company (NYSE:GE) Bernstein 36th Annual Strategic Decisions Virtual Conference Call May 28, 2020 10:00 A.M. ET Company Participants Larry Culp

29 May 04:27 Seeking Alpha 5725634557509236452.html
SpaceX Starship Launch Insurance Requirement Jumps To $198 Million

29 May 13:54 2 articles

SpaceX Starship Launch Insurance Requirement Jumps To $198 Million

Aerospace manufacturer SpaceX was granted a license for suborbital flights by the FAA yesterday, which included new insurance costs.

29 May 13:54 Wccftech 3677959679283942906.html
SpaceX Starship test vehicle explodes moments after test-firing

A full-size prototype of SpaceX’s Starship violently exploded in South Texas moments after a test-firing of its Raptor engine Friday, dealing a setback to the company’s next-generation reusable rocket program.

29 May 00:00 Spaceflightnow 836874142799998930.html
3 Natural Gas Stocks for a Cleaner Future

29 May 13:08 2 articles

3 Natural Gas Stocks for a Cleaner Future

Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.

29 May 13:08 InvestorPlace 24614509155648983.html
Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed

The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling

29 May 06:03 Seeking Alpha 5725634557612117206.html
Siemens wins compression contract for Golden Pass LNG export project

29 May 07:52 2 articles

Siemens wins compression contract for Golden Pass LNG export project

Boil-off gas compressor (Source: Siemens) Siemens Gas and Power GmbH & Co. KG (Erlangen, Germany) was awarded a contract from CCZ JV — a joint venture

29 May 07:52 Chemical Engineering 9204118373067319756.html
The world’s first integrated power-to-X-to-power hydrogen gas turbine demonstrator

With the HyflexPower project, a consortium — made up of Engie Solutions (Paris, France), Siemens Gas and Power GmbH & Co. KG (Munich, Germany), Centrax

29 May 13:13 Chemical Engineering 9204118374868701937.html
Wage cuts, even symbolic ones, aren't going to help anybody

29 May 13:20 2 articles

Wage cuts, even symbolic ones, aren't going to help anybody

An economic recovery needs to be built on the back of real jobs and real economic activity, not on cheap political wins from wage cuts and freezes.

29 May 13:20 Brisbane Times 2314609339242466455.html
Wage cuts, even symbolic ones, aren't going to help anybody

An economic recovery needs to be built on the back of real jobs and real economic activity, not on cheap political wins from wage cuts and freezes.

29 May 13:20 WAtoday 6806590899688656023.html
UK plans new 5G club of 10 democracies, including India: Report

29 May 13:45 2 articles

UK plans new 5G club of 10 democracies, including India: Report

A so-called 'D10' club of democratic partners, including G7 countries – UK, US, Italy, Germany, France, Japan and Canada – plus Australia, South Korea and India will aim to create alternative suppliers of 5G equipment and other technologies to avoid relying on China

29 May 13:45 Livemint 6614605817749459893.html
UK plans new 5G club of 10 democracies, including India: Report

The move to speed up such a club comes as the UK launched an inquiry into Huawei's involvement in the country's mobile network upgrade in the wake of US sanctions against the company.

29 May 13:37 The Economic Times 7653256036439054144.html
Anil Khanna defends decision, says can't authorise expenditure in absence of approval from president or secretary general

29 May 12:37 2 articles

Anil Khanna defends decision, says can't authorise expenditure in absence of approval from president or secretary general

Tokyo Olympics News: Indian Olympic Association's finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookings relating

29 May 12:37 The Times of India 6060938662968253716.html
Tokyo Olympics 2020: Anil Khanna defends decision to not give early clearance for hotel bookings, argues absence of president or SG

IOA President Narinder Batra had asked Khanna to furnish

29 May 13:45 Firstpost 4760741713486650796.html
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue

29 May 13:53 2 articles

Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue

Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue

29 May 13:53 Wccftech 3677959677855535010.html
Google Rescinds Offers To Thousands of Contract Workers

Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...

29 May 02:05 tech.slashdot.org 8720761277124249631.html
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre

29 May 00:00 2 articles

Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre

Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.

29 May 00:00 Moneycontrol 1603024964005982595.html
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre

India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.

29 May 13:48 The Times of India 6060938663596538516.html
Friday’s small-cap stocks to watch

29 May 11:53 2 articles

Friday’s small-cap stocks to watch

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

29 May 11:53 The Globe and Mail 68426410700191826.html
Market movers: Stocks seeing action on Friday - and why

Laurentian down sharply after dividend cut; Canopy sinks on earnings

29 May 13:47 The Globe and Mail 68426411166762546.html
Sweden snubbed as Norway and Denmark open borders

29 May 13:54 2 articles

Sweden snubbed as Norway and Denmark open borders

Countries will remain closed to Swedish visitors because of its Covid-19 infection rate

29 May 13:54 Ft 707176889117199561.html
Nordics want to open borders but Sweden may be frozen out

Denmark, Finland and Norway mull whether to extend or relax regional travel restrictions, but their neighbor may not be included.

29 May 11:30 POLITICO 2584151347126981983.html