Economy 1319
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
Arabian Sea to soon host twin low-pressure areas
Monsoon building in right earnest
Bihar, UP outperform most states, Maharashtra tops with 15.26 lakh MSME registrations
As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka
Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs
The nationwide lockdown announced from March 25 brought the entire economy to a standstill .
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.
Travel group says Australia-New Zealand bubble could open in September
A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.
E-commerce transactions grow up to 25% in second week of May
Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce.
Covid-19: Reopening may be gradual, segmented
Experts say measures need to be put in place to ensure no Covid-19 spike after opening economy.
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
Rabi crops not impacted by locusts; efforts on to prevent spread before monsoon to save kharif crops
Locusts -- the oldest migratory pest in the world -- entered India after travelling from Africa through Yemen, Iran and Pakistan. After massive devastation in Pakistan, the swarms of locusts have entered the country through Rajasthan and Gujarat.
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
Morrison is chasing votes at the expense of exports
We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.
Disney, SeaWorld to present Florida theme-park reopening plans
Walt Disney Co. and SeaWorld Entertainment Inc. will be the next two operators to present their reopening plans to the Orange County task force charged with bringing the region’s tourist economy back following a more than two-month closing due to the coronavirus.
Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups
SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...
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.
Locust swarms head for India ahead of planting season
As many as 700 tractors, 75 fire engines and almost 50 other vehicles are engaged in spraying pesticides to kill the locusts, Trilochan Mohapatra, director general of the state-run Indian Council of Agricultural Research in New Delhi said on Tuesday.
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
Cotton trade body writes to Centre seeking early measures to control locust menace
The locust attack in parts of India is feared to pose a threat on the kharif cotton crop in the key growing States. The Cotton Association of India (CAI) has appealed to the Centre for taking immediat
Locusts threaten cotton crop in the North
CAI writes to Centre seeking quick control measures
Empty Steel Canyons In NYC As Commuters WFH?
One victim of the pandemic might be the daily commute. Nowhere is that more apparent than in New York City, where inbound suburbanites are critical to the local economy.
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Government tracks package rollout to gauge impact on ground
Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.
Locusts have not hit rabi crops; efforts on to prevent spread before monsoon to save kharif crops
The officials, however, said that locust swarms would not have posed a big threat to India, had neighbouring Pakistan controlled its spread at its end.
Govt may launch coal blocks auction under commercial mining on Jun 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
France GDP could fall 'around 20pc' in second quarter, statistics agency says
PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
France GDP could fall 'around 20%' in second quarter: Statistics agency
France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE
Congress Should Give Returning Workers a Bonus
A one-time lump-sum payment would also help the overall economy.
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
The vicious fight over the human cost of lockdown
The unexpectedly low COVID-19 death toll has triggered bitter, and public, arguments among Australia's top university economists.
Trying To Buy A Switch Now Is Just Ridiculous
The covid-19 outbreak created an economy of scarcity. Overnight, goods such as toilet paper, cleaning products, and hand sanitiser became valuable commodities. Meanwhile scalpers seized upon the opportunity to hoard and resell those items at ridiculous mark-ups. But as stocks are replenishing, one item that hasn’t...
Disney World to Reopen in July, SeaWorld Orlando to Reopen in June
Walt Disney World is planning on a phased reopening for its four parks in July, while SeaWorld Orlando plans to open its parks in June.
Newsom: California gyms could get reopening road map soon
Newsom said the state is prepared to release guidance in the "very, very near future" as California continues to incrementally restart its economy.
Covid-19 fallout: Lower capex by states to weigh on EPC sector
As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report
Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.
Fix training to end the quiet Australians' fear of uncertainty
Vocational education reform is about encouraging the quiet Australians to profitably invest in their own human capital, so they need not fear Australia’s 21st-century end of certainty in an information age and globalised economy.
Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over
India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
Dudu Myeni was prepared to cause ‘untold harm to SAA and the SA economy’
Parsing a word cloud from the judgment handed down in the North Gauteng High Court declaring Dudu Myeni a delinquent director for life, paints a devastating portrait of the former SAA board chair and friend of Jacob Zuma’s character and mien.
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases
The state has expedited infra projects to boost economy, create jobs in hinterland
Lufthansa bailout 'in Europe's best interests'
German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.
Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
Checkout.com buys Perth-based Pin Payments
Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.
Munster braced for worst of financial crisis due to Thomond Park debt
Province can’t pay off oustanding €6.9m loan from IRFU with no supporters at the match
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
Severe lockdown will ruin India's economy: Swedish expert tells Rahul Gandhi
"I think for India, you will ruin your economy very quickly if you have a severe lockdown. It is better, skip the lockdown, take care of the old and the frail...," Prof Giesecke noted.
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over
The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".
Cotton Association draws Agriculture Minister's attention to locust attack
"We request the Agriculture Minister to take appropriate steps at the earliest for controlling these locusts attacks and also to advise the concerned central and state government agencies to issue necessary guidelines to the farmers in order to protect their interest and jointly fight against this menace," said Atul S Ganatra, president, CAI.
SAT test now optional for US university admissions; Indian test-prep institutes feel the heat
For students, especially from non-native English speaking nations, the SAT is used to test the ability to read and comprehend university-level programmes
Covid-19: Catch up to trend-GDP difficult in three years
However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.
Commentary: What a lousy time to graduate, what an unfair handicap for graduating students
This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.
Home collection offers salve as Covid poses testing times for diagnostics companies
It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q
Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2
The contraction in the Q1 FY21 GDP may be as high as 40 per cent.
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
Morrison takes a tilt at history
The Prime Minister is riding a wave of goodwill as he attempts to cut across decades of rancour to reform industrial relations.
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil
Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19
Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.
Post COVID-19: We're determined to pass local content bill to boost Nigeria's economy - Reps
The widely expected Nigerian Local Content Development and Enforcement Bill 2020, passed second reading on the floor of the House of Representatives recently.
Hong Kong no longer has autonomy from China, Mike Pompeo says
US will end special trade relations with Hong Kong, which could seriously impact the territory’s economy
How South Africa can best balance controlling Covid-19 and avoiding economic disaster
There is intense pressure on the government to lift the lockdown and open the economy. Sustainably lifting out of the lockdown is critical. But there is no roadmap.
Workplace reforms are ‘worth it’, says ACTU boss Sally McManus
Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.
Over a third of Indian women don't own gold but want to buy it: WGC survey
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Official employment survey may capture migration
The ministry of statistics and programme implementation is examining changes that may need to be carried out to assess the extent of unemployment post the reverse-migration in the Periodic Labour Force Survey. The idea is to get a better sense of employment as migration from cities, post-Covid pandemic and lockdown, has been in large numbers.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Bank: Lithuanian billion-rescue-plan may be slowed down by red tape
As the Lithuanian government plans to invest 6.3 billion euros in the economy and human resources in 18 months, Swedbank has pointed to excessive red tape as weakness that could slow down the investments, LRT reports.
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
South African mines record 320 COVID-19 cases ahead of lockdown easing
JOHANNESBURG (Reuters) - South Africa’s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa’s most industrialised economy eases lockdown measures next week.
Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets
N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses
COVID-19 impact and restricted trading is heavily impacting the economy.
$3b saved as NSW public service pay frozen
NSW is freezing pay increases for 410,000 public servants for a year and will use the $3 billion in savings for job creation and recovery.
UP eyeing post-covid investment from US, Japan, Korea: Industry minister
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
US revokes Hong Kong special status as furor grows on China law
The US law says that Hong Kong would lose the trading advantages, including lower tariffs, that it enjoys with the world's largest economy.
Rouhani urges Iran MPs to 'cooperate' as parliament opens
Many MPs are ultra-conservatives who oppose Hassan Rouhani on almost all issues, from running the sanctions-hit economy and combating the coronavirus outbreak to managing relations with the United States
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
Outdoor spaces and improved transport options - how a new east Manchester arena could lead on sustainability as well as boosting the economy
OVG aim to make the proposed new east Manchester arena the most sustainable in the UK
Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
‘Tractors and two wheelers will continue to do well as rural economy is in robust health
Central Bank of Russia Cancels Banking Licence of Morgan Stanley
The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.
UK Parliament is concerned about potential effects of the pandemic on the UK's cash infrastructure
Members of Parliament in the UK are concerned that plummeting ATM usage due to the pandemic may put its cash infrastructure in danger of collapse.
Court upholds suspension of EcoCash agents
The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has ruled, and so there can be no interdict stopping it from doing so.
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
Tshinga Dube calls for GNU to rescue economy
FORMER War Veterans minister Tshinga Dube is known for his straight talk and fearless character. A long-time serving Zanu-PF member and a liberation stalwart, T...
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Los Angeles County reopens in-person shopping, worship
California moved to further relax its coronavirus restrictions and help the battered economy on Tuesday by permitting barbershops and hair salons to reopen while Los Angeles County, moving more cautio
Severe lockdown will ruin Indian economy: Health expert Johan Giesecke to Rahul Gandhi
Claiming that a severe lockdown may disrupt the economic growth, Giesecke told Rahul Gandhi, "India has to ease restrictions one by one.
States tighten locust control measures as pest gives Delhi a miss for now
Govt asserts desert locusts have not impacted rabi crops and efforts are on to eliminate the insects before monsoon in order to save kharif
Greek PM and seven other country leaders discuss efforts to restart the economy
Prime Minister Kyriakos Mitsotakis on Wednesday took part in the third video conference between the leaders of countries that addressed the first wave of the
'We know businesses are hurting': Qld Tourism Minister
Queensland Tourism Minister Kate Jones says it is a delicate balance between health and the economy when dealing with the coronavirus.
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
Explained: In uncertain times, how search for ‘normal year’ leads to data vacuum
Among Covid-19’s casualties are the postponing of Census operations and undertaking of key official primary surveys necessary for a better understanding of the economy
Government has no choice, must listen to wise counsel: Chidambaram
India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
The reality behind the unions' claims of insecure work
There's one flaw in the concerns about the rise of insecure work. The percentage of casuals in the workforce has not changed in more than two decades.
Government has no choice, must listen to wise counsel: Chidambaram
NEW DELHI: The Congress, after rejecting the government’s economic package announced to revive the economy, has said that sooner than … Government has no choice, must listen to wise counsel: Chidambaram Read More »
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
As of July 4th, Motorsport UK wants to race again: "Should support the economy"
The United Kingdom is lagging slightly behind in the control of the COVID-19 coronavirus, but here too the measures are slowly being relaxed. Reason for the motorsport federation Motorsport UK to make plans so that people can race again quickly.
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists
The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with t
French economy making 'cautious' virus lockdown recovery
A return to normal will likely take many months, warns France's national statistics agency
Fewer Australians feeling depressed by the crisis
The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.
French economy making 'cautious' virus lockdown recovery
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
GITAHI: The case for reopening our economy
The economy must be restarted and people given their lives back.
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Commentary: More action needed to bolster economy — and quickly
A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.
Telangana govt to pay 50% salary to staff for third consecutive month
The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
Medical masks, gloves, PPE makers pitch for resumption of exports
Exporters want to attract buyers from US, Europe who are moving away from China
Syria's Assad faces toughest challenges of nine-year war
A public family spat, criticism in Russia and an imploding economy leave Syrian President Bashar Assad vulnerable.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.
ANU cops $225 million financial hit due to coronavirus crisis
The Australian National University will look to find $100 million in savings this year.
India will ruin its economy very quickly if it had severe lockdown: Swedish health expert to Rahul Gandhi
Professor Johan Giesecke of the Karolinska Institute, Sweden, on Wednesday claimed that India will ruin its economy very quickly if it had a severe lockdown.
RBA governor expected to be more upbeat
Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.
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 »
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
UP to bring industry chambers on board for providing jobs to migrants
So far, the state has evacuated more than 2.5 mn stranded workers
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs
Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
China ready for looming financial war initiated by US
China should prepare for a potential financial showdown with the US, as the Trump administration appears to be waging a financial war on China, with crackdowns on US-listed Chinese companies and threats of sanctions over national security legislation for the Hong Kong Special Administrative Region (HKSAR), financial sector experts said on Thursday.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore
Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg
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.
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
What is in the EU’s €750bn recovery plan and how will it affect Ireland?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
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
View: Can India benefit from the world’s frustration with China?
India lacks the sophisticated infrastructure which gives China an edge in manufacturing.
Trump’s Economic Advisers Are Wrong
Forget a V-shaped recovery, or even a U.
Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position
COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
JNU Prof’s Fix for Economy’s Revival Post Lockdown
According to Mumbai-based think-tank, Centre for Monitoring Indian Economy (CMIE), more than 122 million Indians — mainly daily wage … JNU Prof’s Fix for Economy’s Revival Post Lockdown Read More »
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
COVID-19 here to stay till 2021, aggressive testing needed to curb its spread: Health experts
While Jha exuded confidence that a vaccine will be available in a year's time, Prof Giesecke said India should practice a lockdown that is as 'soft' as possible, as a severe lockdown will ruin its economy very quickly.
Reopen the Economy
There is a strong case for the government to review the restrictions and eases them considerably to let the people return to businesses. Going by its economic cost, the lockdown has become unsustainable. As things stand, lockdown is wrecking the businesses, leaving thousands of people unemployed
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore
Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg
The 4 Stimulus Bills Saving America From Its Biggest Depression Ever
The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officia...
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
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
Ireland may decide next week to speed up reopening plan
DUBLIN (Reuters) - Ireland may next week speed up the reopening of its economy if coronavirus infections remain low, Prime Minister Leo Varadkar said on Wednesday, though its chief medical officer said he was likely to advise against any such move.
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
EU to propose €750bn Covid recovery package for states
Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit
Supply side inflation easing
Via the excellent Damien Boey at Credit Suisse:
'Our greatest challenge': How to rebuild the ACT's virus-struck economy?
As business start to reopen and the ACT takes its first tentative steps on the road to recovery, The Canberra Times canvassed the views of politicians, academics, economists and industry groups on the best approach to rebuilding the economy.
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
Walvis councillor orders businesses' closure
WALVIS Bay urban constituency councillor Knowledge Ipinge has ordered a transport company and a bank to close their premises at the town due to fears of the spread of the coronavirus.
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
French economy to shrink by 20% in second quarter as recession deepens
France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
PBoC: China to roll out 11 financial reform measures in near-term
The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
Clarification to a Sunday Mail article dated 10/05/20: Scots banking tycoon accused of cashing in on coronavirus
We now accept that the source of the price increases was abroad and that Wright Cottrell had no control whatsoever of these market changes.
Khamenei urges Iran's new Parliament to concentrate on 'culture and economy'
May 27 (UPI) -- Iran's Ayatollah Seyyed Ali Khamenei told the country's newly elected Parliament on Wednesday the economy and culture should be their highest priority.
PM wants employers to re-hire, cites 'enormous financial pressure' being felt
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus
The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.
Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings
Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
Govt drops plan of suspending banknotes’ varnishing
SBP gave proposal on fear of machinery breakdown during pandemic
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
NZ facing worst downturn in 160 years: central bank
If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.
Surge of financial aid has HALO service ‘optimistic’ about short-term future
Air ambulance organizations in Alberta depend on donations, but charities are suffering after the novel coronavirus pandemic iced the global economy
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional
The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
Congress to launch “Speak Up” campaign on economic crisis created by lockdown
Party’s main demand is assistance of ₹10,000 for every family that falls outside I-T bracket
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet
According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.
NHAI offers 'COVID loan' to private operators at 2% more than bank rate
The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020
How lawmaker ties helped shape Fed chairman's COVID-19 response
Federal Reserve Chairman Jerome Powell's deep ties with lawmakers are paying off as the central bank deploys trillions of dollars in financial support for the economy with the blessing of Congress.
Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul
Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
Gambling craze invades Zimbabwe
Gambling has conventionally always been frowned upon as a social vice and vanity. Where it occurred, it was limited to the state lottery, horse betting, pink lo...
Challenger insurers are doing better than banks during COVID-19
In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
SpeakUp: Congress campaign to mount pressure on Modi govt to deposit Rs 10,000 in bank accounts of poor
SpeakUp Campaign: Congress is demanding from the Modi government to deposit Rs 10,000 in bank accounts of poor who are facing the brunt of the lockdown.
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
New York governor meets with Trump to push for infrastructure investment
WASHINGTON (Reuters) - New York Governor Andrew Cuomo met President Donald Trump on Wednesday to press for investment in the nation’s roads, bridges and railways as U.S. states begin to reopen after the coronavirus outbreak left the economy in tatters.
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Jakarta likely to be ready for 'new normal' phase after Jun 4, says coordinating minister for economy
JAKARTA: Jakarta will likely be able to enter a ”new normal” phase after Jun 4, the last day of COVID-19 curbs known in Indonesia as large-scale ...
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
G20 finance projects give $77 bn a year to fossil fuels: watchdog
Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .
The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.
We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.
UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Shares in Latin America's biggest airline drop 35% after bankruptcy filing
SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings
The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.
G20 finance projects give $77b a year to fossil fuels: Watchdog
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
This year ‘a write-off’ for Irish banks – Davy
This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.
The right economic response to the COVID-19 crisis
Extraordinary measures are needed.
India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report
GoBear raises $17 million for underbanked play
Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.
Kuwait MP set to grill finance minister over fund corruption
The corruption case involves a Malaysian Fund and a Chinese company
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
Northumberland Roman site gets rescue package to help it through coronavirus crisis
Vindolanda Trust gets loan from Lloyds Bank to help mitigate huge loss of visitor income
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
13 YouTube channels to turn yourself from wagecuck to finance god
It seems budgeting, saving, and investing are all the rage nowadays, and that everyone’s joining the FIRE (Financial Independence Retire Early) movement. This is reflected by the increasing popularity of budgeting and trading apps, ETFs (exchange traded funds, baskets of stocks you can invest in to spread your risk), and business news sites. But who […]
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.
How Small Businesses Can Soften the Blow of Bankruptcy
Some dos and don’ts for those teetering on the brink
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
Private/Public Partnerships Could Boost Central Bank Digital Currencies
About 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).
New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
Need for growing NDB into global development institution: FM Nirmala Sitharaman
In her remarks at the meeting, Sitharaman appreciated Kamath for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS (Brazil, Russia, India, China and South Africa) leaders in 2014.
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Road map of post-pandemic Asia may look different
Leading observers on Asia are debating whether nations in the region will consider new approaches to diplomatic and economic engagement.
Trump and Andrew Cuomo discuss plans to 'supercharge' economy with infrastructure
President Trump and New York Gov. Andrew Cuomo plan to send a bipartisan "supercharge" into the U.S. economy.
Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?
Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector
Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.
Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region
Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.
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.
Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis
The acting chair of the Irish Fiscal Advisory Council has said the debt ratio here will be 'almo...
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Is this the death knell for bank branches?
Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
Lagarde: It’s even worse than we thought
ECB president supports more public spending as milder economic predictions are ‘out of date.’
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
China to roll out eleven measures to deepen financial reforms
The measures would include accelerating capital replenishment of small and medium-sized banks, further opening up the credit rating sector, promoting the steady development of the "panda bond" market, and stepping up crackdown on financial irregularities.
EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund
Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."
Sotto: Gov’t needs to rebuild economy
SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
Mike Tyson said he was 'drinking, gorging on food, and f------ women' when he was 'out of control' before filing for bankruptcy in 2003, Business Insider - Business Insider Singapore
Business Insider - "[Having] orgies; I was crazy. I bought a lot of cars for girls," Tyson said. "You can't have bitches around when you're young. they f--- up money.". Read more at businessinsider.sg
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
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.
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
Ralph Lauren Remains on Offense in COVID-19 Crisis
The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.
Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?
Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse
Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week
Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.
Genobank: Looking to Remake the DNA Kit Market
Genobank is looking to raise capital from the crowdfunding site Republic. They are developing a privacy-first DNA kit based on blockchain.
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore
Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg
COVID-19 crisis | 'Massive increase' in youth unemployment, women particularly hard-hit: UN
The novel coronavirus pandemic has led to a surge in unemployment worldwide but it has hit young workers hard, the United Nations said on May 27, noting that more than one in six people aged under 29 were forced to stop working due to the COVID-19 crisis.
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
Impromptu Rugby World Cup and Lions tour replacement proposed for 2021 to raise funds for financially-hit game
An unofficial Rugby World Cup is being proposed next year, with claims it could raise up to $500m for a financially beleaguered game.
Maxim turns to controversial cover model contest during financial struggles
Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest
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
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak
TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Innovating The ATM Beyond Cash
PYMNTS explores the influx in PPP loan applications, an overview of new ATM and ITM technologies and Redwood Credit Union's latest digital innovations.
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
In Spain, food aid queues grow as poverty outpaces 2008 crisis
MADRID, May 27 — Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. Jacqueline Alvarez, 42, is picking up basic foodstuffs in the working-class...
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore
Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
Administrators deny South African Airways set to start flying
JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...
World Bank approves $346m for projects in Nigeria, others
Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...
Why bonds are in great demand
Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.
Ralph Lauren speeds up online shift as store reopenings continue
Ralph Lauren Corp. has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world.
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez
The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said
WHO launches foundation to put finances in better health
The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.
In Spain, food aid queues grow as poverty outpaces 2008 crisis
Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered.
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion
Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.
Bank of Canada urges stores to continue to accept cash
Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.
Vadodara civic body announces 10% property tax rebate to tide over crisis
Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.
Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain
The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
Teaching people to fish
What’s in a number? For some, it means a lot. For others, it reveals nothing. The reality, however, lies somewhere in between.
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
Government may get RBI to monetise deficit
India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio
Facebook wallet for Libra digital coins renamed 'Novi'
SAN FRANCISCO, May 27 ― Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed “Novi” yesterday. The rebranding replaces the original name of “Calibra” for the Facebook digital wallet which would work with the planned virtual currency. The Novi digital wallet set...
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
Immigration recruitment: Ex-minister, fugitive businessman know fate tomorrow
Justice Nnamdi Dimgba of the Federal High Court, Abuja will decide on Thursday whether Patrick Abba Moro, Drexel Global Tech Limited ...
Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure
Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr
Finnish study proposes a model to predict cryptocurrency defaults
University of Vaasa researchers propose a model that is capable of explaining 87 percent of cryptocurrency bankruptcies after only one month of trading. It could potentially serve as a screening tool for investors keen to boost overall performance of cryptocurrency investment portfolios by avoiding investing in unreliable cryptocurrencies.
Hong Kong police fire pepper pellets as protests flare in financial heart
HONG KONG, May 27 — Hong Kong riot police fired pepper pellets to disperse protesters in the heart of the global financial centre today, as new national security laws proposed by Beijing revived anti-government demonstrations. Police also surrounded the Legislative Council where a bill was due to...
Banks plan for arrears; retailers push to open; and watchdog counts Covid cost
Business Today: the best news, analysis and comment from The Irish Times business desk
Ireland could see 'repeated lockdowns and wide financial distress' during three-year recession
The virus may see our national debt soar by 60%
Facebook wallet for Libra digital coins renamed 'Novi'
Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
Japan PM vows to back corporate financing with second extra budget
TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...
COVID-19 exposed structural deficiency of Nigeria
In the preceding editions, much of the focus has been on the medical response to the novel coronavirus disease, both in Nigeria .
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
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
Inflation Fears In A Deflationary World
Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk
Businessman Begs DP Ruto to Repay Ksh1.4M Unpaid Bill [VIDEO]
He disclosed that he supplied marine boards and wood to the DP's hotel but had not been paid since...
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'
The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
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
Visa Taps Chris Newkirk To Serve As Chief Strategy Officer
Chris Newkirk is coming to Visa Inc. as its new chief strategy officer.
2,700 PATH families to get financial assistance
Approximately 2,700 families on the government’s Programme of Advancement Through Health and Education (PATH) are to receive financial assistance as a part of the United Nations (UN) Secretary General’s COVID-19 Multi Partners' Trust Fund (MPTF).
'We're trying to survive': Seniors grow frustrated over slow rollout of COVID-19 financial aid
More than two weeks after the government first announced its plan to give seniors up to $500 to help with their rising costs amid COVID-19, seniors still have no timeline for when they're actually going to receive those funds.
'I have not killed any Tutsis': Alleged financier of Rwandan genocide denies involvement after decades on the run
The accused financier of the genocide of 800,000 men, women, and children denied he was responsible after being captured this month in France.
Value hunting? This stock market has become mouth-wateringly cheap
Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Unibank completes processing stage of TranzAxis migration
Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
India among major markets to see increase in ATM usage over 2019
Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
Shares in Latin America's biggest airline plunge after bankruptcy filing
Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
Crypto.com Expands Card To 31 Countries
i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime
Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims
Central Bank reports €2.5bn profit for last year
The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...
How RuneScape is helping Venezuelans survive
For years, Venezuelan players have been making a living by playing RuneScape
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
BlackLine: A Software Company With A Strong Moat
BlackLine's focus on cross-system functionality gives the company a competitive advantage. BlackLine's moat comes from customers having extremely high switching
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
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
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.
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
Floor price issue may not figure on Trai’s radar for at least 2 months amid COVID-19 crisis: Source
This is not an "opportune moment" to address the issue, and in any case, telecom operators are free to take decisions on tariff matters, the senior Trai official said.
Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet
While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
Azam named top African Brand
Azam was on Sunday named one of the most admired African brands.The Azam non-cyclical consumer segment emerged as one of Most Admired African Brands (prompted) in this year’s Brand Africa.
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.
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
Hyundai Capital America goes live with Sopra’s Cassiopae
Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.
Cash payments declining as contactless methods become the norm - experts
COVID-19 has accelerated the shift away from cash.
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
IEA: Covid-19 crisis causing biggest fall in global energy investment in history
In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in
Singapore fintech firm secures $17M to build out platform | ZDNet
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
Ex-Citi banker's alleged ties at issue in insider trading appeal
When prosecutors knew about possible links between a former Citigroup banker and a wealthy businessman will be one of the issues reviewed.
BMO profits slide
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
'Dangerously naive': APRA warns the worst is ahead
The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Singapore: GDP could contract 4%-7% this year – UOB
Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security
The GSX Group recently announced the launch of "GRID" - platform to create and launch digital securities. GSX is the company that operates the Gibraltar Sto
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Chamber's conversation guests
The Black Country Chamber of Commerce have announced the line-up of guests for its new In Conversation With series of events over the coming weeks.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
Why SpaceX's launch for NASA is such a big deal for Elon Musk's rocket company and the US as a whole, Business Insider - Business Insider Singapore
Business Insider - If SpaceX successfully launches NASA astronauts to the space station, it will open a new era of commercial human spaceflight.. Read more at businessinsider.sg
Ethereum Gets Interoperability Boost With Ren Protocol’s RenVM Release
Ren, a decentralized finance protocol friendly to Ethereum that enables inter-blockchain liquidity, has announced the launch of the RenVM mainnet.
ICAI aims for transparency in Covid-era accounting
India Business News: Will the company be able to continue its operations? Or to paraphrase in accounting terminology — will it be a going concern? In the pre-pandemic era,
ByteDance has become the world's most valuable startup - Gizchina.com
ByteDance has become the world's most valuable startup. The company is the parent company of the controversial TikTok app
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
The Irish Times view on the economic outlook: Counting on a swift recovery
New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio
Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.
French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown
Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.
Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds
A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
French Tennis Federation to help lowly ranked players financially
The French Tennis Federation (FTF) will shortly launch a relief fund totaling 35 million Euros next week, with a million Euros
The Case for Liberal Arts Education in a Time of Crisis
Small, private colleges teach students how to be not only workers but civically engaged citizens of the world.
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020
Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.
Governors meet Wednesday over financial autonomy for states’ judiciary, legislature
The Nigeria Governors’ Forum (NGF) will meet on Wednesday to discuss the issue of financial autonomy for the states’ judiciary and legislature ...
ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling
In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli
Survey looks at binge-drinking, financial anxiety during COVID
TORONTO - A recent survey of about 1,000 Canadians suggests heavy drinking is highest among younger people and those worried about personal finances due to
AUD/JPY: Bears getting set for potential major sell-off
AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t
How is Mumbai, COVID-19 hotbed, handling the crisis?
Notably, Mumbai, the financial capital of the country, has become the hotbed of the coronavirus spread in the state where the number of cases is nearing the 33,000-mark while the death toll has crossed the 1,000-mark as well.
Australian businesses in China urge focus on 'common ground'
While openly confident about trade between the two countries, executives on the ground in China privately fear action beef and barley shipments could be just the beginning.
Crisis causes a rethink on CBD office space
Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,
How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel
The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and credit unions are using to detect and thwart it.
FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?
As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.
$400-M ADB loan to fund PH capital market dev’t
The Asian Development Bank has approved a $400-million policy-based loan to support the government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.
Need to know: Wednesday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
IN DETAIL: Executive order on financial autonomy for state judiciary, legislature
Last Friday, President Muhammadu Buhari signed an executive order granting financial autonomy to the judiciary and legislature in the 36 states of Nigeria. The president is empowered by section 5
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Zoox hinted it's had interest from multiple buyers.
GTA 6 release date is 2023 suggests analyst as Take-Two reveal marketing plans
Take-Two’s own financial predictions point to a massive increase in marketing in 2023 and everyone seems to think it’s for GTA 6.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
Man Utd take out bumper £140m loan that could be used to fund transfer spree
United are still hopeful of landing some of their expensive transfer targets despite executive vice-chairman Ed Woodward admitted it would not be "business as usual" for the club this summer
Quick Profits from the Push out of Tech
We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
The 3 Best Stocks for Beginning Investors
Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.
ZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
Airtel's stake sale to get ready for a bigger fight with Jio
Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
General Electric is selling off its home lighting business after nearly 130 years
After cycling through multiple CEOs, each with their own priorities, the company now has its hands in several different industries, ranging from aviation to healthcare to venture capital and finance.
Tractor Supply Company Is Thriving
Tractor Supply offered Q2 update that is expecting record-breaking sales and earnings Fresh off a stellar Q1, the second quarter is supposed to easily trump tha
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Why Many Cloud Computing Stocks Crashed Today
The stocks behind popular cloud-based business services such as Okta, Datadog, and Twilio fell sharply on Wednesday.
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News
New Delhi: Pension fund regulator PFRDA on Wednesday said it has allowed Aadhaar-based paperless KYC process for onboarding of new … Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News Read More »
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
Teekay LNG: Attractive Long-Term Cash Flow Visibility Will Move The Needle
Teekay LNG Partners reported solid results with record-high Q1 2020 adjusted net income (7th consecutive quarterly increase). Importantly, the TGP IDRs were eli
'Mothership' office on horizon but don't write off London: Canary Wharf
'Mothership' office on horizon but don't write off London: Canary Wharf
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Reliable fibre connectivity will shape workplaces of the future
The COVID-19 lockdown has shown that the successful transition to virtual offices of the future will require extensive investment in digital infrastructure such as fibre.
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Lockdown worth it, say four Duterte men
"Strict lockdown measures have succeeded in flattening the increase of COVID-19 cases." Four cabinet members, Presidential Legal Counsel Sal Panelo, Finance Secretary Carlos Dominguez, Trade and Industry Secretary Ramon Lopez, and Labor Secretary Silvestro Bello, reacted to my May 13 column, “Now, it’s modified,” in which I said “the strictest lockdown in Asia has produced the worst wrong results.”
London-based Greyparrot nabs €2 million to automate recycling sorting
Today British AI tech startup Greyparrot has raised around €2 million to tackle the growing waste crisis, by introducing digitisation and automation to recycling. The round was led by Speedinvest, a leading early-stage industrial tech investor, with participation from Force Over Mass. The new funds
COVID-19 likely to deepen salary crisis in GHADC
TURA: With the ongoing Covid-19 pandemic crisis in the state, agony of the employees of the Garo Hills Autonomous District Council (GHADC) who are yet to be paid their pending dues for over 24 months, is likely to get compounded as there is no certa
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.
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
JP Morgan's chief economist optimistic about Taiwan's growth
Global investment bank forecasts Taiwan will have better financial rebound than most of world
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
Government has no choice, must listen to wise counsel, says Chidambaram
The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.
Otrium is Trying to Solve Fashion’s Inventory Problem
The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
Youth Online Businesses Face Closure as Govt Demands Fees
Deejays and those with online shops selling various goods including clothes, shoes and food items are affected by the pronouncements from...
Food company promises related to healthy eating are rarely met
B Popkin, The Global Food Research Program, shares the global experience with food industry self-regulation and reflects on how healthy eating promises are rarely met
NZF Foundation spent $130k on company run by Winston Peters' lawyer
Tens of thousands in donor's funds given to the New Zealand First Foundation were spent paying expenses, wages and bills for people closely associated with the New Zealand First leader Winston Peters.
'Thousands are in jeopardy': freelance theatre-makers count cost of crisis
When Chester Storyhouse asked how freelancers were faring under Covid lockdown, it was left ‘shocked and enraged’ at how perilous their finances were. Now it is calling for national action
Advent Partners hones in on GP software biz
The Australian buyout firm is delving back into two of its favourite sectors for its latest investment.
World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region
It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.
Need funds after job loss? Your life insurance policy may help you get it in an easy way
People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.
Tottenham boss Jose Mourinho expects much-changed transfer market
Tottenham boss Jose Mourinho has predicted a drastic change in the transfer market once football returns.
Editorial: Get money where it’s needed, ASAP | Honolulu Star-Advertiser
The Legislature is in another recess for the next few weeks, but it had better be a working recess. One in which the work is going to be pretty hard, because there are so many problems to solve, stemming from the COVID-19 pandemic and economic crisis.
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
Facebook renames Calibra digital wallet as Novi
Facebook announced the new name of Novi for its digital payments wallet. Plans for the wallet were first announced almost a year ago under the name Calibra. The digital wallet will be used to transact in Facebook's planned virtual currency Libra.
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
Fraudsters are shaking down YouTubers. Won't the company do anything to stop them?
Game From Scratch reports a harrowing experience — an anonymous threat to pay bitcoin or have false claims made about their game dev tutorials to YouTube — and a horrifying one to go wi…
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Tokocrypto 2.0 powered by Binance Cloud
Tokocrypto has launched Tokocrypto 2.0, an upgraded cryptocurrency exchange powered by Binance Cloud.
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
Thai parliament urged to pass record $60-billion virus stimulus bill
'To get the country back on track...we urgently need the budget of 1.9 trillion baht,' says Thai Prime Minister Prayut Chan-o-cha
‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss
LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...
World Bank approves $346 Million for Nigeria, others on Lake Chad
The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..
CMU failed to disclose bank accounts during AGD audit
Members of the Public Accounts Committee (PAC) were told yesterday that the Caribbean Maritime University (CMU) did not furnish information on all the bank accounts it had during a special audit by the Pamela Monroe Ellis-led Auditor General’...
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
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.
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
Samsung Money is Now Official, Brings a Debit Card Linked to Samsung Pay
Only last month we talked about how Samsung is planning on launching their own debit card and now it has happened. Samsung Money is now official; it is in partnership with SoFi, which is an online personal finance company based out of San Francisco. by partnering up with the company, Samsung Pay would see a …
India’s GDP growth may rebound to 5 pc in FY22, says Subbarao
"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.
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.
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
'Mothership' office on horizon but don't write off London, says Canary Wharf boss
LONDON (Reuters) - The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said.
Court hears 14 ‘credible’ expressions of interest in Joe.ie company
Examiner appointed to Maximum Media Network
Nokia veteran Sari Baldauf takes over as 5G battle rages
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
OnePlus is facing a massive global supply crisis, starts rationing 8 Pro sales
OnePlus can't churn out its flagship 8 Pro as quickly as people are demanding them, which is proving to be a bit of a problem. We've already learned that
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors, Business Insider - Business Insider Singapore
Business Insider - India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.. Read more at businessinsider.sg
Man caught with over $138,000 in cash at Logan Airport after missing his flight
Missing a flight is never fun, but for one traveler, it was an incredibly expensive mistake.
MSMEs set new world record for largest online business lesson
The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.
Rs 223 Crore Bank Fraud: HC Denies Bail To Accused Ex-Chairman
The Jammu and Kashmir High Court on Wednesday rejected plea of former chairman J&K State Cooperative Bank, seeking quashing of FIR against him filed by the Anti-Corruption Bureau in the whopping 230 crore fraud case
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
Strengthen Inclusion and Empower the World’s Invisible Billion
The World Bank announced today the launch of the second Mission Billion Challenge for innovative solutions to increase inclusion and access to digital platforms such as identification systems. This challenge will crowdsource innovations at a time when countries seek to deliver cash relief to vulnerable persons, such as informal workers affected by the COVID-19 pandemic. […]
Experts: Just beating Covid-19 is not enough to return consumer confidence
KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Surrey to pay TransLink $30M in land, $9M in cash for work on cancelled LRT
Council considered staff report on city’s 2019 annual financial statements during Monday’s “virtual” council meeting
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra
“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.
Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis
Most of the reductions will take place this year, according to an internal memo said.
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.
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
COVID-19 to accelerate digital adoption in India
COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.
Strong customer authentication suffers another delay
The Financial Conduct Authority (FCA) recently announced it is allowing extra time for the roll-out of Strong Customer Authentication (SCA) for e-commerce transactions in the UK, and the move is likely to be followed by others across Europe.
Best of BS Opinion: India-China relations, the Covid curve, and more
Here is a summary of Business Standard opinion pieces for the day
SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
UBS to set up fintech venture fund to speed up its digitisation
UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to finance start-ups which are disrupting the banking industry.
Why Prices Of Basic Items Soar In Nigeria Despite Petrol Cost Reduction
While inter-state travel across the country has been banned by the federal government, vehicles carrying essential supplies, as well as essential personnel, retain unrestricted movement. Effiong said the reality on the ground tells a different story.
Company completes 1st overland fiber-optic cable from Alaska
An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
Huawei CFO to find out if her fraud case will proceed
Canada arrested Meng Wanzhou, the daughter of Huawei's founder, at Vancouver's airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China's rise.
Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead
Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are
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.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank
The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b
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
BitGo Launches Crypto Brokerage for Institutions
BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
FSMA: Belgians Traded 5 Times More BEL 20 Shares amid COVID-19
According to the Financial Services and Markets Authority (FSMA), a Belgian regulator, investors traded BEL 20 shares up to five times more.
Samsung Money is the company's Samsung Pay linked debit card
Samsung has provided more details about its Samsung Money debit card program for which it has partnered with SoFi and Mastercard. The debit card will be available in the U.S. from later this summer.
PM Trudeau says jobs available for young people, implores employers to re-hire
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
PM implores employers to re-hire staff, says 45,000 job postings now up for young people
Prime Minister Justin Trudeau used his 65th morning press conference since the COVID-19 pandemic was declared in mid-March to implore Canadian businesses to re-hire their employees, and encouraged young people to look into the 45,000 job postings available to those looking for work this summer.
PICK Is The Pick Of The Litter For Inflationary Times
The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
MSMEs in Visakhapatnam get first instalment of pending incentives
AP Chambers lauds Chief Minister’s initiative
Google Ads credits for SMBs start rolling out
The $340 million program will phase in over the coming weeks.
Volkswagen will sell its new European EVs in a similar way to Tesla — here's how it works, Business Insider - Business Insider Singapore
Business Insider - Volkswagen isn't using a fully direct sales model as it will involve the dealership, but it should eliminate the guesswork when buying a car.. Read more at businessinsider.sg
Samsung Money debit card to launch this summer
The company teamed up with Mastercard and SoFi.
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
Autonomous car company Aurora increases hiring amid industry struggles
Autonomous vehicle startup Aurora committed to hiring employees as it welcomes new executive hires and interns and crosses the 500-employee mark.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Post-Covid Privatisation Will Push Labour Into a Deathtrap
Metaphorically the heart (hruday) represents human goodwill and helping nature toward the helpless and needy, whereas atma (soul) represents the non physical self which is disconnected from physical suffering. One can only take care of one’s own atma and never the atma of others.
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
Pompeo: China in the past year 'has shed any pretense' that people of Hong Kong enjoy high degree of autonomy – Reuters
Reuters reports that the US State Sec. Pompeo says China in the past year 'has shed any pretense' that people of hong kong enjoy high degree of autono
Liverpool withdraw from Timo Werner talks and won't pursue RB Leipzig star transfer
EXCLUSIVE: Werner is highly-rated by Jurgen Klopp, but Liverpool aren't willing to go above £30million amid football's current financial uncertainty and have withdrawn from talks to sign the RB Leipzig star
Canada judge rules Huawei CFO Meng's fraud case will proceed
VANCOUVER - A Canadian judge ruled Wednesday the U.S. extradition case against a senior Huawei executive can proceed to the next stage, a decision that is e
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
Canadian judge rules Huawei CFO Meng Wanzhou’s fraud case will proceed | Honolulu Star-Advertiser
VANCOUVER, British Columbia >> A Canadian judge ruled today the U.S. extradition case against a senior Huawei executive can continue to the next stage, a decision that is expected to further harm relations between China and Canada.
Sea Limited: Skeletons In The Closet
SE is inflating revenue. SE is selling goods for a negative gross margin. The maximum potential value is $59.8/share.
Facebook Marketplace is open for businesses selling new products
The Marketplace used to only be a C2C platform but now there is a major B2C opportunity for US retailers.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
REA, AfDB canvass productive energy use in rural areas
Okechukwu Nnodim, Abuja The Rural Electrification Agency, in collaboration with the African Development Bank, has called for an increase in the productive use of energy in rural communities by fa...
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
This is why The Zimbabwe Dollar remains our best foot forward
ZW$ remains our best foot forward-At the rate at the Zimbabwe dollar is losing its intrinsic value, it may just be a matter of time
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
Xiaomi YEUX mobile solar powerbank launched with a $49 price tag
Xiaomi YEUX mobile solar powerbank is now available in the YouPin platform with an affordable $49 price tag. It has 6,400mAh battery capacity.
AFDB crisis: Adesina maintains innocence over allegations of nepotism
PRESIDENT of the African Development Bank (AFDB) Akinwunmi Adesina has maintained his innocence with regards to the various allegations against him. In a statement personally signed by Adesina, he expressed confidence in the integrity of the bank, its governance systems as well as its rules and procedure. Recall that Adesina was recently accused by a […]
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
Playing Defense With Cloud Software Stocks
Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.
Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care
Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in
In a Tight Corner
States finally have headroom to borrow more from the market. But there's a cost to it
US Treasury pressure leads to new probe of African Development Bank chief
Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.
Liquidation of companies still the most likely outcome under IBC
January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues
COVID-19 response: DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
TUC fights Trade Fair Company over ‘illegal’ mass layoffs
Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
First Fishrot case bail ruling due next week
FORMER Investec Asset Management Namibia client director Ricardo Gustavo, who is one of the six men charged in the Fishrot fishing quotas corruption case, is due to hear on 3 June if his application
Money Matters
Managing your money can be tricky. Send your queries, and personal finance experts will help you resolve any issue
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank
EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
Kentik raises $23.5M for its network intelligence platform
Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]
‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis
Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
Johor police bust syndicate that sent drugs to Singapore via courier
JOHOR BARU, May 27 — The Johor police have crippled and seized RM1.03 million worth of illicit drugs from a syndicate that specialises in using the services of a courier company for its distribution in Singapore. It is understood that the syndicate was known to have been active for the past three...
Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital
The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends
Xiaomi to launch TWS earbuds in the Indian market under Redmi Phone Plus strategy
The Chinese tech giant, Xiaomi, is one of the most popular brands in India. The company and its subsidiary consider the Southeast Asian market as a very important region and have said that it will launch new products under Redmi‘s “Phone-Plus” strategy. According to Xiaomi India’s Chief Marketing Officer, Anuj Sharma, “We have finalized the …
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
5 reasons why a business needs a POS (Point of Sale) system
If you're a small retailer, you should probably be looking at a modern Point of Sale system to help maximize your sales.
XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports
There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to
Stock Market Investment in times of Covid-19: Time to rebalance your portfolio, stay invested for long term
Stock markets are hard to predict. The best way to time the market is to remain invested in the market.
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
Vic Education IT manager misused position, directed $14m to own company
Corruption watchdog finds.
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
HBO Max's content boss explains its DC originals strategy, from J.J. Abrams' Justice League Dark series to the Snyder Cut, Business Insider - Business Insider Singapore
Business Insider - HBO Max will include plenty of DC content, including big-budget originals and the "Justice League" Snyder Cut.. Read more at businessinsider.sg
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
Samsung Pay unveils its first debit card in partnership with SoFi
Samsung Money by SoFi combines a cash management account with no account fee and a Mastercard debit card with exclusive benefits.
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout
The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.
Desperate single dads form long queue outside food bank so they can feed their kids
Shocking footage shows the men inside Elephant and Castle shopping centre in a long line leading up to the office of the Dad's House food bank in south east London
This is how the Yamina party has divided its roles - Inside Israel
'We intend to continue fighting for our values and ideology, we'll fight to advance sovereignty,' MK Ayelet Shaked says.
Police find £1m cash in suspect’s home after stopping his car
The search was carried out by officers from the Metropolitan Police’s Operation Venice.
Police find £1m cash in suspect’s home after stopping his car
The search was carried out by officers from the Metropolitan Police’s Operation Venice.
Samsung Money is a debit card tied to Samsung Pay
Samsung has introduced a debit card, Money, that's tightly linked to Samsung Pay.
Businesses give up office space in Sydney CBD
The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
UTB to market Uganda as safest destination after COVID-19
Kampala, Uganda | THE INDEPENDENT | The Uganda Tourism Board (UTB) has unveiled plans to aggressively market Uganda as the safest destination to visit after the COVID-19 but also re-brand destination Uganda. UTB Chief Executive Officer Lilly Ajarova said that the COVID-19 pandemic has put the world tourism sector back to the same level and …
Back-to-basics billionaire sounds money-printing warning
Legendary stock picker Kerr Neilson says big spending was entirely appropriate to fight COVID-19, but wonders if the world really wants to own more bonds.
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Delhi HC sets aside orders by MoC where it invoked bank guarantees of TSIL
The court has ordered that MoC shall provide TSIL the comments received from the concerned State Government(s) on the aspect whether the delay in achieving the milestones is attributable to TSIL
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
Can Marathon Oil Ever Get Back to $30?
Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?
LINK Has Grown 4x In The Last Year, And May Keep Growing
Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a
Boral faces new class action over US windows strife
Maurice Blackburn's class action over Boral's accounting scandal in a US windows business is the second to be launched in Australia.
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions
COVID-19 crisis: IT employees union writes to CM over lay-offs
National Information Technology Employees Senate (NITES) in the letter written to CM on Tuesday said several IT/ITeS/BPO/KPO companies across Maharashtra have started terminating services of their employees without any reasonable cause and withholding or deducting their salaries.
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Cape Breton theatre company to host movie screenings for family 'bubbles'
SYDNEY, N.S. - Movie enthusiasts in Cape Breton looking for a big screen fix to watch their favourite film will get that opportunity next month at a small r
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore
Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg
Google Search and Maps are making it easier to support small businesses with donations and gift cards
As businesses navigate the largest economic crisis since the Great Depression, those that remain on the playing field are looking for any bit of help they
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
Kohl's Is In Trouble
KSS saw sales plummet more than 40% in Q1, with Q2 shaping up to be even worse. Looking further out, Kohl's is relying upon its digital business, but I don't th
An 'Avalanche of Evictions' Could Be Bearing Down on America's Renters
EUCLID, Ohio -- The United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore
Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
Police find £1,000,000 cash in suspect's home after stopping his car
Officers found banknotes stuffed inside shoe boxes and bags.
Huawei CFO loses bid to dismiss US extradition request
Canadian court ruling will allow proceedings to continue against Meng Wanzhou
Ohio counties sue major pharmacies for role in opioid crisis
May 27 (UPI) -- Two Ohio counties on Wednesday filed a lawsuit against several major U.S. pharmacies, stating they were complicit in perpetuating the opioid crisis.
Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Boeing job cuts start to hit nearly 13,000 workers
A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.
Charter's Q1 2020: Gushing Cash After Integrating TWC
With 2 large acquisitions almost integrated, capex is falling and FCF is up. The internet segment is the key driver, but a slowdown in fleeing TV and voice cust
Huge boost for International Foto Biennale
Councillors voted to give an enormous funding boost to the Ballarat International Foto Biennale in the hope a revamped event will help the city recover from the COVID-19 crisis.
Rs 20 lakh crore Covid-19 relief package: Missing demand
The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.
EDITORIAL: Ease human-animal crisis
The increased attacks could see the people resort to killing the animals, which is illegal.
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
Man breaks into bank to heat up Hot Pockets: ‘Hell yeah it was worth it’
A California man was busted for breaking into a bank so he could use its microwave to heat up Hot Pockets on Wednesday — and he doesn’t regret a thing. “Hell yeah it was worth
West Midlands has big fintech opportunity
The West Midlands has the potential to become a major UK fintech hub if it takes an integrated approach to maximising its advantages, according to a report.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
Two held for swindling Rs 48L through chit fund company
Two persons were arrested for swindling Rs 48 lakh on the pretext of doubling the money within 15 days, police said here on Tuesday. The accused had created a phony chit-fund concern, ‘The Future Company’. They claimed it to be a chain-marketing company which could double
Huawei CFO Meng Loses Key Court Argument in Fight Against Extradition To United States
Huawei's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. From a report: Meng, a Chinese citizen, was arrested in December 2018 on a warrant issued by U.S. authorities, who accuse her of bank fra...
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
It's not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Concept of Transferrable College Credits
Education News: Isha is a bright student in first year B.Sc. at the Dehradun University. Her father is in a bank and gets transferred to Mumbai. Isha wants to reloca
What's behind the bank rally
The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.
GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business
schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...
Maharashtra: Man offers vegetables for free to poor during lockdown
Some look at it with curious eyes, while others appreciate the gesture of the vendor to offer vegetables for free at a time when many people are facing financial difficulties due to the coronavirus-enforced lockdown.
Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
TOLUWANIMI OMOLE: Little queen standing up for children’s rights
At 9, Toluwanimi Omole is already living her dream of standing up for the rights of children. Through her pet project,’Toluwanimi Child’s Rights
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
Dangote, MTN emerge most admired African brands
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of
Huawei CFO loses bid to dismiss US extradition request
Huawei Technologies chief financial officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the US to face bank fraud charges.
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
GTA 6 release date might have just been discovered - and it's bad news
Take-Two Interactive's marketing budget hints at a GTA 6 release date.
This is also time to nurse economies back to health
GCC showed a level of sophistication in combating COVID-19, but much still needs doing
Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad
Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.
Knauf calls in the bankers as Aus building materials sector in play
German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm.
Gaming Is a Billion-Dollar Opportunity for Amazon Stock
Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
Israel Rejects Chinese Bid to Build World's Largest Desalination Plant
Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
Not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Two Jamaican nationals living in Collier County charged with lottery scam
The Collier County Sheriff’s Office arrested two men in connection to a lottery scam that involved victims throughout the United States.
Youth support critical to battle COVID-19-related employment challenges
Researchers from The University of Western Australia's Centre for Social Impact say supporting young people is more important now than ever, highlighting the long-term impact on youth unemployment as ...
Virus sparks record drop in energy investment: IEA
All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
All 8 'Harry Potter' movies are available to stream exclusively on HBO Max, but can still air on NBCUniversal TV networks, Business Insider - Business Insider Singapore
Business Insider - NBCUniversal had previously owned the digital rights to the "Harry Potter" movies until 2025, but they are now available on WarnerMedia's HBO Max.. Read more at businessinsider.sg
New Google My Business features aim to help SMBs pivot and survive COVID-19
The new tools and capabilities mirror the expanding role of GMB as a gateway to both offline and online services.
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Dairy remains ‘resilient’ due to business model
JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.
Upwork: Must Grow Faster
After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Why General Electric Stock Jumped Nearly 10% at the Open Today
The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report
Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs
Hawke’s Bay Regional Council Plans A Climate Smart Economic Recovery
Hawke’s Bay’s Regional Council is focussed on stimulating a climate smart recovery to address the economic challenges facing the region from both COVID-19 and the drought.
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
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
BT Buzz: What added Rs 86,000 crore to DRL, Sun Pharma market cap in 2 months?
Approval to explore new COVID-19 therapies, licensing and supply deals to manufacture drugs to treat the virus and fast approvals for plants under regulatory scanner have turned the fortunes of most of these companies
Tesla slashes EV prices by as much as six percent in North America
Tesla has slashed the price of its electric vehicles by as much as six percent in North America due to waning demand caused by the ongoing Covid-19 pandemic.
High-Fashion Market Continues Its Digital Shift
Shopping for high-fashion apparel continues to change under the pressure of the pandemic, as Instagram makes a play to become the go-to platform for fashion.
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
Moderate participation expected in spectrum auctions: ICRA
IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at
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.
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore
Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg
ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript
ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
Cities being “hung out to dry” on COVID-19 funding
What's the holdup? The issue has become “a jurisdictional hot potato" says the union representing Canada's municipal employees
Huawei Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
AUD/USD risks to visit 0.6000 later this year – Rabobank
The Australian dollar has appreciated steadily despite the grim economic data, however, escalating the tensions between the US and China might endang
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
Britain's new covid queen who will lead test and trace scheme: Baroness Dido is Tory MP's wife who was raised on a pig farm (and thinks there is too much maternity leave)
Baroness Dido Harding, 53, was raised on a Somerset pig farm and will lead the UK's test and trace scheme to tackle the coronavirus, set to launch tomorrow.
The average savings account interest rate is less than 1%, but it's not hard to earn more on your money
The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.
Tesla Slashes Prices By Up to $5,000 on Almost Every Vehicle Line
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Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
Jeffrey Epstein is the subject of a major Netflix docuseries. Here are the key moments from the convicted sex offender's past, famous connections, and controversial death., Business Insider - Business Insider Singapore
Business Insider - The multimillionaire faced charges in the sex trafficking of teenage girls. He died by apparent suicide in the Metropolitan Correctional Center.. Read more at businessinsider.sg
Canadian court greenlights extradition proceedings against Huawei CEO’s daughter
A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United States.
Curfew drops banking hours
According to the Kampala capital City Authority (KCCA), Kampala city roads have a carrying capacity of approximately 45,000.
BoA Experiences Potential Data Breach With PPP Applications
Bank of America notified principal owners of a potential data breach after the bank uploaded loan applications of some customers to a test application platform.
Buhari approves funding for first phase of Siemens power deal
President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens
Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the 3pm closing time, at least …
Can you buy shares in a listed company that wants to delist?
And what happens to those shares if the company does delist?
Huawei CFO Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
Swindling investor lands man behind bars
A Bindura man, who swindled a Singaporean investor Ramason Bupendra of mining machinery worth US$500 000, has been sentenced to an effective seven years in prison.
Bali floats travel bubble as way back for Australians
If cash-starved Bali hotel owners had their way, Australians would be heading back to the resort island as early as July.
How Brian Cashman has ruled the Yankees for so long
Brian Cashman has always made it easy to underestimate him, if that was your inclination. He has always looked like a history teacher. He has always had a self-deprecating air about him. He has never
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
Glenmark gets USFDA nod to market generic drug for muscle pain
Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.
Sony/ATV Promotes Peter Brodsky to General Counsel, EVP Business Affairs
Sony/ATV Music Publishing has promoted Peter Brodsky to general counsel to compliment his longtime role as executive vp, business affairs at the Sony Music company.
Gofrugal helping small retailers go digital
As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
Active Managers Continue To Flounder
Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
Virus outbreak at unnamed business could disrupt reopening
Multnomah County said Wednesday that it hopes to begin reopening in about two weeks, but a mysterious coronavirus outbreak could hinder those plans.
No-touch new car buyers drive towards Let's Haggle
An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.
NordStar Capital to Acquire Torstar
NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
Raila: ODM will not bank on Nasa
ODM leader remains non-committal on whether his party is working on a coalition with Jubilee.
Uncovering the atrocious plot to tarnish mr Adesina’s legacy at Africa’s apex bank
The African Development Bank is currently gearing up for another leadership election.The current President, Adesina, is already dealing
Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down
Chancellor Rishi Sunak will reportedly ban firms for furloughing extra staff as the government looks at winding down the scheme. He is also due to announce later this week how much employers will need to contribute to the scheme from August.
Are new car sales about to boom?
According to Robert Gottliebsen, new car sales may be about to boom:
Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market
Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
Dangote, Glo named most admired Nigerian brands in Africa
In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.
Lapses in handling human crisis: Supreme Court to Centre on miseries of migrants
The court also issued notice to all the states and UTs, directing them to submit their response by Thursday.
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
Ola Electric buys Dutch scooter company Etergo valued at $92 million
Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
NZD/USD trades at fresh multi-month highs above 0.6200
The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi
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
Kaulana Pakele, lead singer of Mana‘o Company dies at age 47 | Honolulu Star-Advertiser
Kaulana Pakele — Na Hoku Hanohano Award- winning member of Ehukai and the Mana‘o Company — died Monday after he was found unresponsive in the water off Makaha Beach Park. He was 47.
Proposed Kannapolis budget has no fee or rate increase
Kannapolis City Manager Mike Legg presented the recommended Fiscal Year 2021 budget to the Kannapolis City Council Tuesday evening.
Covid-19: Congress’ Randeep Surjewala seeks to intervene in SC’s migrants crisis case
Surjewala said he and the Congress were unable to raise the issue of migrant labourers in Parliament as no sessions have been held since March.
GCEX to Use Koine Custody and Settlement Service
Koine, a provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GCEX.
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
Covid-19 highlights importance of agri storage
Promoting storage capacity of food grains at the Gram-Panchayat level will go a long way in making villages and farmers self-reliant
Wednesday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Why Copper Could Rise From Here
Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris
Nyali School Management Accused Of Embezzling Funds As School Runs Bankrupt
The Nyali School is now allegedly bankrupt and forcing parents to pay second term fees in full a year after buying school buses at an exaggerated prices, Kahawa Tungu can reveal.Sources in the sch
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
Lapses in handling human crisis: Supreme Court to Centre on miseries of migrants
The court also issued notice to all the states and UTs, directing them to submit their response by Thursday.
North Carolina budget writers brace for $5B shortfall
North Carolina's budget could be short by about $5 billion as a result of the response to the COVID-19 pandemic, state economists predict.
Tributes to ‘sweet’ girl, 17, who drowned when inflatable boat capsized in Bank Holiday horror
A ‘SWEET’ 17-year-old girl who died in a boating accident on Bank Holiday Monday has been named locally as Gillian Davey. Tributes have poured in for the teenager, who was rushed to hos…
Property tax hike issue to betaken up in Cabinet meeting
Minister in-charge of Dharwad district Jagadish Shettar has promised to take up the property tax hike issue in the next Cabinet meeting and discuss the matter with the Urban Development Minister. Addr
Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear
The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.
Germany's Scholz: Very likely that we will get an agreement on EU recovery plan
Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G
Wall Street opens mixed, falling tech shares weigh on Nasdaq
Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial
EU launches €750bn stimulus package to kickstart economies devastated by Covid-19
It is described as the biggest ever stimulus package and will be comprised mainly of loans and grants for businesses.
Coinbase Set to Acquire Institutional Crypto Brokerage Tagomi
Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed tha
Braddon Northbourne Flats site on the market again, a year after failed sale
The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.
Migrants' crisis: Toddler tries to wake up dead mother at Bihar railway station
According to reports, 35-year-old Avreena Khatoon died en route to Katihar from Ahmedabad by a Shramik Special train via Muzaffarpur.
Bill to regulate mobile money transactions gets committee nod
Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and inadequate protection of payment and …
Google now lets merchants accept bookings for online services
Google is introducing a handful of new features and tools to help businesses transition from the physical to virtual worlds.
Ortom threatens to sanction more traditional rulers over criminal, communal crisis
Governor Samuel Ortom of Benue state has threatened to sanction more traditional rulers in the state caught harbouring criminals in...
Woman charged after theft of charity box cash at hospital
A woman has been arrested and charged following the theft of money from a charity box at a Midlands hospital.
David Luiz set to leave Arsenal on a free transfer this summer
Luiz's stay at Arsenal could be over.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
Google is facing a potential antitrust case in India over its mobile payments app, according to a new report from Reuters.
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing
(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.
Manchester United take out £140m loan as they attempt to beat Chelsea to Jadon Sancho transfer
Manchester United have taken out a £140m loan that could be used by Ole Gunnar Solskjaer to finance signings this summer
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Building an unbeatable business starts with the innovation stack | ZDNet
Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.
Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service
Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.
Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve
To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.
New Jersey businesses seek reopening plan as they worry about survival
The New Jersey Senate Fiscal Recovery Strategists Committee heard some sobering numbers on Tuesday from businesses shut down by the state to slow the spread of COVID-19.
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
Five things to know about the Meng Wanzhou extradition case
VANCOUVER - A B.C. Supreme Court judge ruled against Huawei executive Meng Wanzhou on Wednesday in a key legal argument in her extradition case. Here are fi
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
Why SpaceX’s launch for NASA is such a big deal for Elon Musk’s rocket company and the US as a whole
The last time the United States launched humans into space from American soil was in 2011, when the last space shuttle made its final voyage into orbit.
Wall Street Close: Bulls holding the reigns still and defying gravity
US benchmarks impressed yet again on the bid as a classic case of fear of missing out could well be drawing the less committed, or late decision-makin
Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
Illinois business owner plans his own reopening as governor releases guidelines for businesses
With less than a week before Illinois enters the next phase of the governor's reopening plan, Gov. J.B. Pritzker put out new guidance documents outlining how he wants businesses to operate to minimize the spread of COVID-19.
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
A top trick for great content marketing
Content marketing is a powerful tool – and can be quick and simple to implement for your brand.
Migrant crisis: In heart-wrenching video, toddler tries to wake dead mother at Bihar railway station
The mother was heading to Kathiar along with her two children, sister and sister's husband, the Railway Ministry said
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
Education Department IT manager directed $14m of work to his own company
A former 'go-to guy' for the Education Department misused his position for more than a decade but will not face criminal charges, IBAC says.
Education department IT manager directed $14m work to his own company
'Go-to guy' in Department of Education and Training misused position for more than a decade to direct almost $14m-worth of work to company he owned, IBAC says.
Confirmed COVID-19 cases in Oyo company now 151 — Makinde
According to available information, the company has about 500 staff
Eskom sees lower risk of power cuts during winter
Eskom expects only 3 days of stage one power cuts, where up to 1,000 megawatts is taken off the national grid, during the winter period when demand increases, the chief executive officer said on Wednesday.
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
Antrim: Super scores and saves of Saffron hurling decade
Antrim hurlers set the bar very high for the decade to come in 2010.
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Govt fails on buy local directive
NGHINOMENWA ERASTUS and LAZARUS AMUKESHETHE Agro-Marketing Trade Agency has challenged the government and its agencies to lead by example in implementing its directive to procure locally
Japara flags major impairment,says conditions are tough
The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
Stafford woman sews face masks to raise money for food bank
A woman is making face masks to protect people during the coronavirus outbreak while raising money for a food bank.
Otago dairy farming company fined $270,000 after worker suffers spinal injury
It was also ordered to pay the worker more than $45,000.
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
Cognizant offers voluntary separation package for US staff as Covid hits biz
New Jersey headquartered Cognizant has announced a voluntary separation package (VSP) for its US employees. Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects.
Mothers are nearly 50% more likely to have lost jobs due to Covid crisis than fathers - and are doing lion's share of childcare and housework in lockdown, UK study of 3,500 families shows
In families where both the parents were employed, women spent more time simultaneously trying to work and care for children compared with their partners, according to the Institute for Fiscal Studies.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Businessman splurges on lamborghini, 2 jeeps and 2 porsches
A businessman from Joburg left social media users' tongues wagging when he shared a video showing off his new luxury vehicles. He bought 5 cars in one day.
Opportunities Emerge In Mid-Caps And Small-Caps - Weekly Market Notes May 26, 2020
All fifty states have now allowed some businesses to re-open and this has added fuel to the stock market rally last week. The market seems to be pricing in a qu
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Congress' RS Surjewala moves SC over migrant crisis; seeks to be heard in suo motu case listed for tomorrow
Surjewala has requested in his plea that the Centre should be directed to come up with a nationwide plan to ease the pressure on India's migrant population
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
Organizations want to continue remote work but aren't equipped for secure access
The current crisis has led to a big increase in numbers of people working remotely. Many businesses seem set to continue that when normality returns, but a new report suggests they're not equipped to do so securely.
Back in Business: NASA Is Set to Return to Human Spaceflight with Historic SpaceX Launch
Two astronauts will ride a privately built rocket and spacecraft to orbit, marking the first launch of humans from U.S. soil in nearly a decade
Kia Evaluating Bringing ‘Soul’ To The Indian Market – Report
The Kia Soul is offered with two different ICE powertrains in the foreign markets, including a 2.0-litre NA petrol unit, along with a 1.6-litre turbocharged petrol motor
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
UP’s Industrial Units Seek To Employ 5 Lakh Returnee Migrant Workers From Yogi Govt’s Skill Mapping Data Bank
An official spokesperson said that the Yogi govt was determined to ensure employment for all migrant workers.
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.
The 2 astronauts flying SpaceX's new Crew Dragon spaceship explain what it's like to operate it, Business Insider - Business Insider Singapore
Business Insider - The SpaceX Crew Dragon spacecraft is set to blast off from Cape Canaveral, Florida, on Wednesday at 4:33 p.m.. Read more at businessinsider.sg
Meet Doug Hurley and Bob Behnken, 2 'badass' astronauts, engineers, and dads who are poised to make history for SpaceX, NASA and the world, Business Insider - Business Insider Singapore
Business Insider - SpaceX's first mission with people will be piloted by NASA astronauts Bob Behnken and Doug "Chunky" Hurley aboard the company's Crew Dragon spaceship.. Read more at businessinsider.sg
Man says he broke into San Diego bank just so he could heat up his Hot Pockets
A man who was arrested on suspicion of breaking into a Chollas View bank early Wednesday morning apparently entered the branch just so he can heat up his Hot Pocket sandwiches.
GTA 6's release window possibly revealed by Take-Two
As reported by VentureBeat, Take-Two’s filing shows that it plans to spend $89 million on marketing between April 2023 and March 2024. That’s more than double the marketing budget for any other year over the next half a decade, suggesting…
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
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
Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
Arbor Realty Trust: Undervalued
Q1 earnings were released on May 8, 2020, with the company posting solid figures. The company's performance seems set to improve in Q2 based on current trends.
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
IOOF embarks on pro bono advice offensive
IOOF's financial advisers will provide at least 50,000 hours of free guidance on the JobKeeper program and the superannuation early release scheme.
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
FG builds 200,000 yam storage facility in Benue state for small businesses
The federal government will on Tuesday, June 9, inaugurate a 200,000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue.
Valley company starts production on Sheriff Joe Arpaio TV docu-series
Former Maricopa County Sheriff Joe Arpaio will be the subject of an upcoming TV docu-series, which will look at his life and the controversies around his 24 years as sheriff.
EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank
The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie
An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
20 Lawyers Claim "Apparent Indifference" By Supreme Court To Migrant Crisis
A day before the Supreme Court took suo motu cognisance of the "unfortunate and miserable" plight of migrant labourers, twenty prominent lawyers from Delhi and Mumbai had written a critical letter to Chief Justice of India (CJI) SA Bobde and other judges saying the top court's "apparent indifference" to the humanitarian crisis.
Informa Markets To Launch The Industry’s Largest Digital Tradeshow
Changes are coming! Informa Markets Fashion and wholesale e-commerce platform NuORDER have partnered to launch the industry’s largest digital tradeshow, which will debut alongside Informa’s
Ola Electric to launch global electric two-wheeler; buys dutch scooter firm
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Chewy: Reaping The Benefit Of Stay-At-Home Measures
Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more
Tragedy of migrant crisis in India revealed in disturbing video of child trying to wake up dead mother at railway station in Bihar
A toddler's vain attempt to wake up his dead mother from eternal sleep on a railway platform in Bihar's Muzaffarpur on Wednesday presented the most poignant picture of the massive migrant tragedy
Netflix: Behind The Account Culling
On May 21, 2020, Netflix announced they would be culling accounts dormant for over a year. The company indicated they didn't want people to pay for a service th
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
PMLA court sends Wadhawan brothers to judicial custody till June 11
Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited (DHFL), were produced before a special Prevention of Money Laundering Act (PMLA) court by the Enforcement Directorate on
G.R. Chintala is new chairman of NABARD
G.R. Chintala is the new chairman of the National Bank for Agriculture and Rural Development (NABARD). He has served in various capacities in the bank, including as managing director, NABARD Financial
Man says he broke into San Diego bank just so he could heat up his Hot Pockets
A man who was arrested on suspicion of breaking into a Chollas View bank early Wednesday morning apparently entered the branch just so he can heat up his Hot Pocket sandwiches.
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
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...
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.
Nigeria to benefit as World Bank approves $346m for Lake Chad countries
The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region
Google Rolls Out New Tools To Help Businesses Get Support From Customers
Google has launched a new feature for businesses to get help from customers as the pandemic takes its toll.
Not For A Film Break! Esha Gupta Dropped Out Of Her Law Course In England Due To A Personal Crisis!
Did you know that Esha Gupta was studying law from the Newcastle University, England? In a recent tete-a-tete with a leading daily, actress Esha Gupta made some unknown revelations about her studies and career. Esha wasn’t prepared for entering into showbiz initially.
Rosanne Cash Says Her Daughter Was Called A ‘Liberal P*ssy’ For Wearing A Mask
Johnny Cash’s granddaughter was allegedly called a “liberal p*ssy” by a man in Nashville after she was spotted wearing a mask to buy groceries. Her mother, Cash’s eldest ...
Suspected drugs, cash and Taser seized by police officers in south Bristol
Officers executed warrants at properties in the St Anne’s and Hartcliffe areas
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Facebook Whistleblowers: Company Failed to Report Illegal Activity
Whistleblowers at Facebook have filed a complaint with the SEC alleging that the company was aware of illegal activity on its platform, yet failed to notify the proper authorities, according to a report in the Washington Post.
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Elon Musk told NASA astronauts' kids ahead of the SpaceX launch, 'We've done everything we can to make sure your dads come back OK', Business Insider - Business Insider Singapore
Business Insider - NASA has estimated a 1-in-276 chance that the astronauts on the SpaceX rocket could die during the company's first crewed mission.. Read more at businessinsider.sg
Lady Gaga Fan Tweets Prank Complaint To FedEx, And Company’s Response Is Giving Twitter The Giggles
A Twitter fan account devoted to Lady Gaga issued a tongue-in-cheek tweet aimed at the FedEx help account, and the company's response led the exchange to go viral. A Twitter user using Gaga's new album Chromatica in the handle tagged @FedEx and @FedExHelp, sharing a photo of Mother Monster wearing a spike-covered face mask while sitting…
Wedding video company allegedly creates website to mock customer who sought refund after bride-to-be died
A videography company is being accused of denying a refund to a Colorado man whose bride-to-be died in a car crash and then taking out a website in the man’s name to mock him.
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
Google Maps Is Getting New Online Services Features For Businesses
Google is reportedly rolling out a new set of features for businesses in Maps intended to showcase online-specific services. The company intends the new
When you have to bluff, even three cannot accomplish the task: Devendra Fadnavis takes on govt
On Tuesday, Devendra Fadnavis had alleged that the state did not have the potential to encash Maharashtra's share under various direct and indirect financial Covid-19 welfare schemes – worth Rs 28,104 crore – which it had received from the Centre.
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
ESPN Announcer Releases Heartfelt Message As He Leaves Company
ESPN announcer Adam Amin released a heartfelt message on Twitter on Wednesday evening as he leaves the company.
What Jurgen Klopp has told Timo Werner as Liverpool move stalls
The Liverpool manager has been brutally honest.
CMU to miss report deadline due to auditing delay
OFFICIALS of the Caribbean Maritime University (CMU) were again put in the hot seat at th...
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Bharti Telecom sells 2.75% stake in Airtel
Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ
RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.
PBOC injects $16.8 billion via reverse repos, keeps rate unchanged
With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
APSPDCL MD promises to revise power bills
Many consumers in Anantapur had complained that their bills were inflated
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
Global operators push 5G Extended Reality
A group of fifteen global operators backed a push from Qualcomm to bring 5G-enabled VR ...
Angry farmers force rethink: Khattar govt softens paddy diversification order
The change in government stand came on the day CM Manohar Lal Khattar met farmers in Kurukshetra to take their feedback on the issue.
This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown
Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE
GBP/USD: At 1.38 by year-end in the best scenario – UBS
The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal
Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been.
Alibaba Records Only 9% Lower Profit Than Amazon But Trails By 4x In Revenue
Data gathered by Learnbonds.com shows that Chinese internet company Alibaba registered 9.3% lower profits compared to United States’ Amazon. The data further shows that there is a significant gap in revenues between the two companies by at least four times for the financial year ending March 31, 2020.
OECD GDP Falls By 1.8% In The First Quarter Of 2020
Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.
What every Canadian investor needs to know today
A look at the morning’s market action
Op-Ed: Challenges faced by early-stage clean energy companies
Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.
Tesla cuts car prices by up to $5,000
Its prices in China are also being reduced.
TDP announces Rs 50,000 to LG Polymer victims
TDP announced Rs 50,000 for each deceased in the LG Polymers gas leak tragedy. 12 people died in this incident and all of them will get the benefit from TDP.
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
The Wedge gets creative
Developers of a unique, six-storey downtown office building have come up with a creative way to solve their parking issue.
Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works
KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion
Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips
Absence of EFCC lawyer stalls Oyo-Ita ‘N570m fraud’ case
The trial of Winifred Oyo-Ita, former head of service, was stalled by the absence of Mohammed Abubakar, counsel to the Economic and Financial...
Make sustainable living ‘sexy’ at three-day virtual Conscious Festival
Environmentally minded Singaporeans can find new ways to reconnect with the world at a three-day, sustainable lifestyle event.
AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …
GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high
The GBP/USD pair retreated nearly 100 pips from the daily swing high and refreshed session lows, around mid-1.2100s in the last hour. The emergence of
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
PRO14 address CVC era British and Irish League speculation
Martin Anayi tackles the speculation that has arisen after CVC’s purchase of a 28% stake in PRO14 followed their 27% buy into the Premiership.
HBO Max's content boss explains its DC originals strategy, from J.J. Abrams' Justice League Dark series to the Snyder Cut
HBO Max will include plenty of DC content, including big-budget originals and the "Justice League" Snyder Cut.
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
Greater Than has launched a cloud-based loyalty program
Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.
Real Madrid star only wants to join rivals Atletico Madrid this summer
Real Madrid star James Rodriguez only wants to join cross-town rivals Atletico Madrid this summer
ED begins probe into 20 drug trafficking cases in Punjab
The Enforcement Directorate has registered 20 money-laundering cases in connection with seizures of drugs by various enforcement agencies in Punjab. The probe findings may be incorporated in the repor
Producers, exhibitors reach consensus over OTT release
Those who wish to release movies on digital platform must apply before May 30
Why SMSFs shouldn't attempt to perform their own surgery
With volatility and financial advice costs both at historic highs, a fintech start-up has pioneered a new way for self-managed investors to find help.
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
World’s chief rabbis issue joint call for Jews to set aside differences before shavuot - Jewish World
Letter signed by seven chief rabbis calls on Jews worldwide to take practical steps to overcome both personal and communal conflicts.
NMA lays foundation for secretariat, as contractor assures on quick completion
Nigerian Medical Association, NMA, has performed the foundation laying ceremony for its national secretariat in Maitama, Abuja
Get a package you didn't order? It could mean you're getting scammed
People are getting packages delivered to their homes they didn't order.
How about giving the middle class a break?
They are the heart of India’s consumption engine but seldom get a policy look-in
Cause to celebrate Africa Day amid a lack of energy access
Africa Day, an opportunity to raise awareness on how diverse each African country is and the importance of this diversity in doing business in each region.
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
Stringent lockdown further reduced GDP forecast: Fitch
IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)
Arunma Oteh defends Adesina over allegations of fraud at AfDB
US treasury secretary, Mr. Steven Mnuchin, rejected plans by AfDB's board to end the investigation against Akin Adesina and called for an independent probe.
ED files cases over seizure of drugs
The Enforcement Directorate recently registered over 20 money-laundering cases in connection with the seizure of drugs by various enforcement agencies in Punjab. The findings may be incorporated in th
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
Liverpool's transfer stance after Kylian Mbappe sends message to Jurgen Klopp
Liverpool had been linked to superstar names including Paris Saint-Germain forward Kylian Mbappe and RB Leipzig striker Timo Werner prior to the coronavirus pandemic
Old Fogies kick it for needy
The challenge was accepted, and the goal was reached.
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement ...
Why the people rushing to get life insurance now are doing a smart thing
The pandemic has opened people’s minds about the need to protect dependants in case of an emergency
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
RBA: A reminder that RBA Governor Lowe will appear before the Senate Select
At the top of the hour, we will hear from the Reserve Bank of Australia Governor Phillip Lowe who will appear before the Senate Select Committee on CO
Student, 19, shot dead on way to Lidl ‘gunned down in crossfire of row between two tyre firms’
A LAW student who was shot dead on her way to Lidl was caught in the crossfire of a row between two rival tyre firms, a court heard. Aya Hachem, 19, was hit by a bullet fired from a passing car on …
A Selection Of Appealing Nanocaps
We discuss a selection of nanocap companies with operational and valuation attributes which make them appealing to certain types of investors. Three community b
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
Pro14 has sold its soul to vampires who will bleed it to death
A deck of cards is always a good medium for an analogy. There are a goodly amount of relationships struggling under the lockdown.
Ask the expert: how can I improve my success rate creating partnerships?
In this fortnightly column, Ask The Expert, we aim to provide readers with practical advice on how to grow their businesses.
MediaWorks staff to hear details of proposed redundancies
The radio arm of MediaWorks is meeting with staff today about proposed redundancies. On Monday it announced 130 jobs in its sales and radio...
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
The lockdown can hurt ISPs – Depending on the impact in the coming months
The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
‘We dried our tears’: Addressing the toll on children of Northeast Nigeria’s conflict
Nigeria must address its failures to an entire generation of children in a region devastated by Boko Haram atrocities and gross violations by the military
What India must do to increase its competitiveness
Time-bound reforms would have a significant impact on competitiveness
DBKL to keep up inspection of KL Wholesale Market to ensure compliance with Covid-19 mitigation measures
KUALA LUMPUR, May 27 — Kuala Lumpur City Hall (DBKL) will continue to monitor the area around the walls of the Kuala Lumpur Wholesale Market to ensure that no foreigners use it to enter the market. In a statement issued today, DBKL said patrols and surveillance will be carried out to...
Virgin Orbit analyzing data to find cause of rocket failure
Virgin Orbit engineers were analyzing data Tuesday to find out what caused the maiden flight of its air-launched satellite booster to fail.
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…
Crafty Market Drayton veteran Clive raises more than £1,200 for NHS by making rainbow gifts
A blind veteran who has been making rainbow gifts at home to support the NHS has now raised more than £1,200.
Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier
A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.
Electric cars covering more mileage than petrol cars
EVs nudge ahead of petrol in distance stakes as car makers boast of charging speeds
Electric cars covering more kilometres than petrol models
EVs nudge ahead of petrol in distance stakes as car makers boast of charging speeds
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
When returning to work means staying local
As businesses reopen and get their staff back into the workplace, some employees and firms are deciding to switch the city for the suburbs.
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
New Rochelle, home to NY’s first Covid-19 cluster, slowly reopens for business
The New York suburb of New Rochelle, home to one of the first coronavirus clusters in the US, began to slowly reopen for business on Tuesday.
T-Mobile leads modest growth in Dutch broadband subscribers in Q1, KPN losses continue
A year after launching a major expansion in its fibre footprint, KPN has yet to restore growth in its broadband business. The latest data from Telecompaper shows the incumbent lost another 17,000 broadband subscribers in the first quarter of 2020, while rival VodafoneZiggo added nearly 10,000 new connections. T-Mobile was again the biggest winner, adding the most new broadband subscribers in Q1.
Ola Electric acquires Etergo; will launch scooter in 2021
Ola Electric has acquired Amsterdam-based EV startup Etergo, and will launch an electric scooter in India next year.
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
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
Winter vegetable markets to reopen today with new timings
Winter vegetable markets will reopen today after three-day Eid Al Fitr break with new timings, offering a number of farm fresh local vegetables at competitive prices.
Realme X50T 5G Spotted: Realme Is Flooding The Market! - Gizchina.com
Realme X50T is an upcoming fiveth member of X50 series, Realme just won't stop flooding the market by launching slightly improved phones every now and then.
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
Farmers' Market returning
The Penticton Farmers' Market will be re-opening its outdoor market this Saturday, May 30, taking over its usual spot in the 100 block of Main Street.
NDDC Probe: Leave me out of your battles with NASS, Agbamuche tells Ojuogboh, NDDC
A High Chief from Odozi-Ani of Akwukwu Igbo Kingdom of Delta State, Nelson Agbamuche has dissociated himself from the brewing...
Betaal Director Patrick Graham: “There’s A Bit Of A Gap In The Market For Good, Mature & Honest Horror In India”
Patrick Graham feels every single village in India has its "own spook" story -- waiting to be told. The writer-director, who has captured bits from the mythological world with "Ghoul" and now "Betaa
Staffing giants join forces to decode COVID-19 puzzle
Give a clarion call: ‘Help India Get Back to Work Safely’
Working mothers interrupted more often than fathers in lockdown - study
Mothers are more likely to have lost jobs and are doing more childcare and housework
COVID-19: Taj trust distributed more than 1.6 million meals to doctors, migrant workers
For the meals, the Taj Public Service Welfare Trust has partnered with chef Sanjeev Kapoor.
22-year-old tennis star Naomi Osaka made $37 million last year, surpassing Serena Williams as the highest-paid female athlete. Here's how she did it.
On the heels of back-to-back Grand Slam wins and on the cusp of playing in the Olympics, Naomi Osaka landed several lucrative endorsement deals.
Long-term care home report and sale of Torstar; In The News for May 27
In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what's on the radar of our editors for the morning of May 27 ... --- Key decision in Meng Wanzhou case...
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Death Toll in America Crosses One Lakh figure -
The corona virus has affected almost the whole world, whereas South Korea reported the highest number of infected on Wednesday
UK's Frost: EU needs to evolve its position to reach an agreement
The EU's mandate in key areas is not likely to produce an agreement, the UK's chief Brexit negotiator David Frost told reporters on Wednesday. Key quo
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
Disney World Finally Has a Plan to Reopen
Disney World and SeaWorld Orlando are presenting their reopening plans on Wednesday.
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Upshift Is Looking To Redefine Car Ownership
Upshift is developing a service that makes it easy to lease a car on a short-term basis. The company is also raising capital on the crowdsourcing site, Republic.
Gold Price News and Forecast: XAU/USD at $1,700 again [Video]
With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced
Horner has a solution for limited budget, but still expects pain
Especially teams in the midfield and rear of Formula 1 are struggling due to the corona crisis and are even threatened in their survival if this would last longer. That is why the budget ceiling will be lowered even further in the coming years. However, this will have consequences for the top teams, Christian Horner explains to The Race.
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
Long-term care home report and sale of Torstar; In The News for May 27
In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what's on the radar of our editors for the morning of Ma
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
Regional, municipal administrative buildings could open in mid-June
Most of the buildings have been closed since March 18
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
A survival-of-the-fittest approach towards MSMEs
The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.
Instagram to show ads on IGTV for the first time, share revenue with creators
Instagram launched its IGTV platform back in 2018 as its way of “re-envisioning mobile video” via longer-form content. Now for the first time, IGTV will gain ads and the company will share a cut of the revenue with creators. Additionally “Badges” arrive as a way for fans to donate to creators in Instagram Live videos. […]
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.
Each of Tesla's cars has its own, unique, high-performance personality. I've driven them all, and here's how they stack up.
My favorite remains the Roadster — but the Model 3 is a close second. I've driven them all and have some thoughts about how they stack up.
HBO Max vs. HBO Go vs. HBO Now: What are the key differences?, Business Insider - Business Insider Singapore
Business Insider - HBO Max, HBO Go, and HBO Now all offer access to HBO's lineup of movies and TV shows, but there are some key differences. Here's how they stack up.. Read more at businessinsider.sg
Lockdown-hit farmers in Prakasam press for loan waiver
The All India Kisan Sangharsh Coordination Committee in Prakasam district has urged the Centre to announce a special financial package for farmers who are struggling to cope with the lockdown imposed
5 held for murder of rowdy-sheeter
Five persons have been arrested in connection with the murder of a 40-year-old rowdy-sheeter at the quarry centre on the outskirts of Rajamahendravaram in East Godavari district. The five persons have
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
Blizzard cancels BlizzCon 2020, will consider an online variant next year
This news likely won't be coming entirely out of left field for some of our more avid readers. As we reported last month, Blizzard has expressed uncertainty about BlizzCon's viability in the current health climate. However, event organizers were hopeful…
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Discom reduces T&D losses to 6.64%, says CMD
‘Steps have been taken to solve problems of consumers’
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months
Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Nikola Motor: Investing In The Truck Of The Future
Nikola Motor will compete with the biggest names in trucking, but it won't make a dent to market share until 2024. A very strong product line-up means it can co
Instagram will let influencers make money off ads on IGTV content, following in the footsteps of YouTube's revenue-sharing model, Business Insider - Business Insider Singapore
Business Insider - Instagram will reportedly share with creators 55% of the ad revenue they generate — the same amount YouTube offers with its ad revenue-sharing model.. Read more at businessinsider.sg
Bitstamp Unveils British Pound Trading vs Fiat and Cryptocurrencies
Bitstamp, one of the largest crypto platforms in Europe, has announced its plans of supporting a new set of digital assets after adding the pound sterling trading .
Toyota tops the list, Tesla climbs the ranks in Australia's most trusted car brands
The automotive industry is the fifth most-trusted business sector in Australia, but buyers have more faith in some brands over others.
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
No wonder the betting industry keeps gambling with lives like my father's when they are only fined a pittance, writes campaigner ADAM BRADFORD
ADAM BRADFORD: The death of 25-year-old Chris Bruney (pictured), an electrical engineer with a good career and his whole life ahead of him, will seem inexplicable to many people.
Scott Disick and Sofia Richie have reportedly broken up after 3 years of dating, Business Insider - Business Insider Singapore
Business Insider - The 37-year-old "Flip It Like Disick" star and the 21-year-old model have reportedly split but remain in touch.. Read more at businessinsider.sg
World class ‘Rail Trail’ locked in for Northern NSW
A world class walking and cycling trail between Murwillumbah and Crabbes Creek how now been set in stone. The NSW Government has confirmed $7.8 million in funding for the construction of the Tweed…
Ghislaine Maxwell Basically Vanished After The Events Of Netflix's Jeffrey Epstein Doc
Several of the women featured in Netflix's new docuseries, Jeffrey Epstein: Filthy Rich, recall meeting Epstein's longtime girlfriend Ghislaine Maxwell, alleging that she was a key figure in the sex trafficking ring he was accused of running and…
OnePlus 8 series first phones to run Fortnite at 90fps
Company’s new partnership with Epic Games highlights capabilities of the most expensive OnePlus phones yet
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
Holiday deals hoping to encourage domestic tourism
Cut-price campervan deals are encouraging Kiwis to holiday at home - but hotels, motels and restaurants are not seeing much movement ahead of the...
How Afrihost launched a winning lockdown campaign
Afrihost’s work-from-home campaign shows why it is so popular among consumers and its own employees.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Openview – now powered by 2 million homes
The future of free-to-air satellite TV.
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
France expects economic slow-down by 20% in Q2
French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
Tesla cuts prices by as much as 6% in North America to boost demand
Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
The US gaming headset market is found to have hit new heights as of April 2020
A new market research report states that the gaming headset sector broke records in terms of US retail sales in April 2020. This study also found that 8 of the 10 best-selling devices in this category were from the brand Turtle Beach. Of these, its Stealth 600 has accrued the most revenue in 2020 so far.
Harare man jailed for conning Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.
MLAs slam KHADC move to levy transit fee
SHILLONG: Four Congress MLAs - HM Shangpliang, PT Sawkmie, George Lyngdoh and Kimfa Marbaniang - have shot off a letter to the chief minister lamenting the decision of the Khasi Hills Autonomous District Council (KHADC) to levy a transit fee of Rs 45
Reps accuse NDDC IMC of spending billions despite COVID-19
The House of Representatives said on Tuesday it will not succumb to blackmail in its quest to unravel the corruption allegations rocking the ...
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
DGP sanctions Rs 69 lakh welfare loan, relief for 69 police personnel
Director General of Police (DGP) Dilbag Singh Tuesday sanctioned welfare loan of more than Rs 69 lakh of 69 police personnel. The assistance has been
LG to launch 48-inch OLED TV in June | ZDNet
It is the company's smallest OLED TV to date.
OnePlus confirms they’re making affordable smartphones again
In a recent post on Weibo, OnePlus' CEO Pete Lau has confirmed that the company is working on affordable smartphones again.
Why quant legend says it's 26 days to a new normal
A new measure of how long investors see the COVID crisis lasting from quant legend Dan diBartolomeo neatly tells the story of growing optimism.
GBP/USD: Supported but with no room to rise – OCBC
The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut b
Ismail Sabri orders private business owners to strictly follow MOH’s guidelines in sanitising premises
KUALA LUMPUR, May 27 — Private business owners carrying out sanitisation efforts at their premises before resuming operations must strictly adhere to guidelines issued by the Health Ministry in terms of the disinfectant and chemicals used, Datuk Seri Ismail Sabri Yaakob said today. Ismail Sabri...
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
NZD/USD: Basking in the wave of risk-on euphoria – ANZ
The kiwi basked in the euphoria of the S&P 500 breaking 3000 and broke the 0.6170 resistance. The NZD/USD will remain bid, but analysts at ANZ Bank ar
Traffic free zone for Clifton Village sparks concern from businesses
Business leaders fear temporary plans to pedestrians parts of Clifton Village could become permanent - and damage trade
Johnny Ronan plans boutique hotel after paying €3.8m for Dublin docklands houses
Terrace at 34-38 Upper Mayor Street located beside Ronan Group's Project Waterfront site
Guards, vegetable vendors in ICMR list of frontline workers who need testing
Symptomatic healthcare workers were eligible for testing from the very start, but inclusion of other frontline workers was the big takeaway of the last testing strategy revision.
EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse
Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
Oppo doubles down on mobile chip manufacturing efforts
Oppo, one of China's biggest smartphone manufacturers, is planning to invest more into in-house chip development.
Analytics firm Bonza gets seed funding, releases COVID-19 data
The start-up has recently released data on the nationwide COVID-19 reproduction number (Rt) on its website.
UK lockdown drives fastest growth in grocery sales for over 25 years
Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
Millions gone in Delta market fires - The Nation Nigeria
No fewer than 300 shops were on Tuesday razed in Asaba, the Delta State capital. Gone with shops were articles valued at millions
Family Narrates Brutal Murder of Kin by Police During Curfew [VIDEO]
A family narrated the brutal murder of their kin by police officers during curfew...
How Amar Akbar Anthony Is A Bigger Hit Than Baahubali 2: Amitabh Bachchan Explains In Throwback Post
Manmohan Desais cult classic Amar Akbar Anthony is considered to be one of the most entertaining films of all times. Recently, on the films 43rd anniversary, Big B pulled out a throwback picture from his archives, and shared Amar Akbar Anthonys box office statistics.
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
Tejas inducted into 18 Squadron by IAF, Air Chief Marshal RKS Bhadauria flies fighter
The first LCA-Tejas FOC standard aircraft also completed its contract flight test acceptance within 12 months of the standard of preparation release in February 2019.
LFC want Timo Werner, but won’t pay £48M & plan to haggle price down – Bild
Liverpool do want to sign Timo Werner before the start of next season, whenever that is, but are not willing to simply trigger the £48m release-clause in order to make it happen. This is according …
SpaceX passenger brought down to earth by tax evasion allegations
Japanese billionaire Yusaku Maezawa set to be company’s first space tourist
Meng loses court challenge
The extradition hearing process for Huawei Technologies Co. Ltd. CFO Meng Wanzhou will continue after the judge presiding over the case ruled that Crown prosecutors met the requirement of double criminality.
Redmi Earbuds S will be Available for Sale Today with an Affordable Price -
The demand for true wireless earbuds in the market is constantly increasing and in view of the demand from the
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
How Amar Akbar Anthony Is A Bigger Hit Than Baahubali 2: Amitabh Bachchan Explains In Throwback Post
Manmohan Desais cult classic Amar Akbar Anthony is considered to be one of the most entertaining films of all times. Recently, on the films 43rd anniversary, Big B pulled out a throwback picture from his archives, and shared Amar Akbar Anthonys box office statistics.
Harare man jailed for conning a Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.Fradreck Utsiwegota appeared ...
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
How my pregnant sister was killed by her husband – Man narrates
A Nigerian man has alleged that his pregnant sister who died immediately after child birth was killed by her husband after he abused her while she was heavily pregnant. The man identified as Prince Iyase Kelvin
Ex-IEBC CEO James Oswago Dealt Blow in Ksh1.3B Tender Case
Former Independent Electoral and Boundaries Commission (IEBC) was dealt a blow in the Ksh. 1.3 billion tender case...
Kate Middleton is shutting down rumors that she and Meghan Markle fought over bridesmaids' tights before the royal wedding, Business Insider - Business Insider Singapore
Business Insider - A Kensington Palace spokesperson issued a statement condemning the "swathe of inaccuracies and false misrepresentations" in a new Tatler article.. Read more at businessinsider.sg
Grand Theft Auto 6 could be out in 2023, according to Take-Two SEC filing
Grand Theft Auto. It’s a small, indie game that hasn’t really spread very far beyond the miniscule audience that plays it religiously. You haven’t even heard
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
'Normal People' star Daisy Edgar-Jones opened about up her anxiety and hypochondria, Business Insider - Business Insider Singapore
Business Insider - The "Normal People" star said her anxieties sometimes manifest as worries about her health, but she's learned to control it.. Read more at businessinsider.sg
Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America
It's Supercharger quick-charger is also no longer free for new Model S and X customers.
Arsenal: Why keep Ainsley Maitland-Niles at this point?
Ainsley Maitland-Niles looked to be one for the long-term, but things have changed so drastically that there's no point in Arsenal keeping him now. No one ...
Kylian Mbappe has once again heaped praise on Liverpool FC and manager Jurgen Klopp, saying they make 'winning look easy', Business Insider - Business Insider Singapore
Business Insider - The Paris Saint Germain forward has often spoken of his love for the club, and has been linked with a move to Anfield in the past.. Read more at businessinsider.sg
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore
Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg
ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00
Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
FDA backs BMS’ Opdivo/Yervoy in first-line NSCLC
Bristol-Myers Squibb has finally gained approval from the US Food and Drug Administration for immunotherapy drug Opdivo in combination with low-dose CTLA4 inhibitor Yervoy for the treatment of first-line non-small cell lung cancer (NSCLC).
Tesla cuts prices by as much as 6per cent in North America to boost demand
BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...
Cambuslang hairdresser on why safety has to come first before resuming her business
Barbara Fraser fears her business could take a serious hit even after lockdown is eased
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
Paul Orajiaka: The story of Nigerian businessman who started from scratch
The story of Paul Orajiaka is a good example that Nigerian youths have great entrepreneurial spirits that could turn the least sought-after into an empire.
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
HBO Max is WarnerMedia's ambitious attempt to take on Netflix, and it's now available to stream — here's how to sign up, Business Insider - Business Insider Singapore
Business Insider - HBO Max is a new streaming service with all of HBO's original programming, exclusive shows, classic series, and a film library built to rival Netflix.. Read more at businessinsider.sg
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official
The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
As states reopen, tensions flare between the rule followers and rule breakers
The divide transcends partisan bickering. Some people really do recoil at the imposition of strict rules, while others become anxious when rules aren't followed.
Luvvie vicar who waded into Dominic Cummings row is married father-of-two and ex-marketing consultant with past-life acting on shows from The Bill to starring alongside Michael Elphick and Neil Morrissey in Boon
Reverend Martin Poole, the vicar of St Luke's Prestonville in Brighton, raised the issue at the daily Downing Street press conference in a question to Matt Hancock.
Ex-KRA Manager Facing Prison Sentence Over Multi-million Scam
This led to a sting operation carried out by Ethics and Anti Corruption Commission (EACC) detectives, looking to catch the taxman red-handed...
Maharashtra govt to expedite Dharavi, other slum rehab projects post Covid-19
Awhad has already urged Chief Minister Uddhav Thackeray to take steps to move ahead with the redevelopment of Dharavi spread over nearly 600 acres in the heart of the countrys financial capital.
Use ICWF to bring back poorly paid Indians: HC
Centre told to consider pleas of wives of four Keralites
3 employees positive for COVID-19 at Cedar Bluff Kroger
Three Kroger associates at the Cedar Bluff location have tested positive for COVID-19, according to to an official statement from a company spokesperson.
Ola Electric to launch electric two-wheeler in India in 2021
Ola Electric acquires Etergo in order to enter electric two-wheeler segment. Ola will leverage Etergo technical knowhow and battery tech. Click here to know more.
Doug Liman to direct Tom Cruise film shot in space
May 27 (UPI) -- Doug Liman will direct Tom Cruise in the first narrative feature film to be shot in space.
Takeaway challenges customers to scoff huge burger 'big enough to feed 10 people'
Kebabistan in Preston has added a 14 inch burger containing more than 2kg of meat to its menu - and has challenged people to finish it in less than 20 minutes once lockdown is over
Target is selling outdoor waterbeds with built-in sprinklers, and they're perfect for people who don't have a pool, Business Insider - Business Insider Singapore
Business Insider - The outdoor water beds are rainbow-colored, and retail for $30. They can be purchased both online through Target's website and in stores.. Read more at businessinsider.sg
Australia’s superannuation system drives inequality
Robert Lechte, a welfare-state advocate living in Melbourne, believes that Australia’s superannuation system “enshrines inequality”:
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
HC notice to Haryana on schools’ plea against restriction on fee hike
The schools in Haryana have been ordered by the government to only collect monthly tuition fee from only those who are capable of paying, and not demand other charges like building fund, maintenance fund, admission charges and computer charges in wake of the Covid-19 situation.
Tesla cuts prices by as much as 6% in North America to boost demand
BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Xiaomi confirms a Mi TV Stick is on the way
Xiaomi has been making smart TVs and media streamers for years… but up until a few years ago they were primarily sold in the company’s home country of China. A few years ago the company…
Sari Baldauf takes over as Nokia chair from Siilasmaa
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
Zee TV’s Guddan Tumse Na Ho Paayega To Take A Leap Post Lockdown, Star Cast To Be Replaced!
Guddan Tumse Na Ho Paayega will take a time leap of around 20 years post lockdown. The Zee TV show will be revamped by the introduction of new faces. However, leading actress Kanika Mann will stay put in the revamped version but the main lead Nishant Malkani will make his exit.
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.
Instagram Adds More Monetization Methods for Creators
Instagram will test Badges, a feature allowing creators to monetize live videos, as well as IGTV video ads.
BMW to offer more paint choices throughout the range from July
BMW will offer more paint choices for their models starting Summer 2020. This update will apply to most cars in the range
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
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.
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
Barcelona star rejects offer to leave and possibly ruins a potential swap deal
A big issue with a swap deal is your own player does need to agree to leave.
Budget padding allegation: House of Reps accuse NDDC of deceiving Nigerians
The House of Representatives denied allegations that it is against the ongoing forensic audit of the commission, stressing that it is untrue and misleading.
Dr. Pimple Popper said her 'favorite' pimples to treat are the ones with the biggest pops, Business Insider - Business Insider Singapore
Business Insider - While treating a man with a "mask" of blackheads around his eyes, temples, and forehead, Dr. Sandra Lee said she enjoys tough-yet-satisfying pimples.. Read more at businessinsider.sg
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Six Barrel Soda Expands Overseas Presence, Opens First Auckland Store
Six Barrel Soda Co. is growing its presence in Hong Kong and the United States, hot on the heels of expanding its export markets to include Canada just before the Covid-19 Lockdown.
TV's longest-running comedies, ranked, Business Insider - Business Insider Singapore
Business Insider - "It's Always Sunny in Philadelphia" was just renewed for a record-breaking 15th season.. Read more at businessinsider.sg
‘Colleges, varsities should not insist on exam fee’
The University Grants Commission (UGC) has urged colleges and universities not to insist on payment of semester or examination fee by students.The advisory, issued on Wednesday, comes in the wake of g
Blowout At Oil India Well In Assam, Villagers Shifted To Safety
Residents near an oil well of Oil India Limited in Assam's Tinsukia district had to be evacuated after a "blowout" on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems failed.
Bajaj Chetak design patent registered in Europe
Bajaj had applied to register the design patent for its Chetak e-scooter in February 2020 at EUIPO in a bid to stop plagiarism. Click to know more.
Two women arrested in N.B. after 53 firearms, large quantity of drugs seized
Two women have been arrested in New Brunswick after police seized dozens of firearms and drugs in connection with an ongoing investigation.
Locust Menace: UP, Maharashtra, Punjab on High Alert; Centre Steps up Efforts; Drones to be Deployed Soon
As per updates, about 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now.
'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'.
A mom accidentally flashed her daughter's class on Zoom and shared the story to show parents it's 'OK not to be perfect', Business Insider - Business Insider Singapore
Business Insider - When Ashley Foret Smith realized her daughter's class saw her naked, she was mortified. Then, she saw it as a moment to laugh and support parents.. Read more at businessinsider.sg
The man who filmed his encounter with a woman in Central Park says her actions were 'definitely racist,' but he's asking people to stop making death threats against her, Business Insider - Business Insider Singapore
Business Insider - Christian Cooper told CNN that he thinks Amy Cooper's apology is sincere, and has asked people to stop making death threats toward her.. Read more at businessinsider.sg
Jennifer Aniston was a telemarketer before making it big as an actress
Jennifer Aniston was a telemarketer before making it big as an actress
Indian Air Force gets 15 deadly and heavyweight Chinook Helicopters! To help operations in the Northeast Region
Sources in the Indian Air Force (IAF) have confirmed to Financial Express Online that “The final five of the 15 Chinook heavy-lift helicopters were handed over to the IAF at the Air Force Station, Chandigarh, just before the countrywide lockdown.”
What is the difference between subsidized and unsubsidized student loans?
One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.
SpaceX's launch of NASA astronauts was scrubbed and rescheduled for Saturday due to poor weather, just 17 minutes before liftoff, Business Insider - Business Insider Singapore
Business Insider - Stormy weather can endanger the Crew Dragon spacecraft and the astronauts onboard. Forecasts previously showed a 50% chance of unsafe conditions.. Read more at businessinsider.sg
Britain Connects: Thousands sign up to meet stranger on video for Mirror campaign
People from all walks of life and generations have been virtually meeting over the past few days and they have reported that they found it overwhelmingly positive
Prince Andrew 'told teen "my daughters aren’t far from your age" before they had sex'
Virginia Giuffre, also known as Virginia Roberts, has made the damning allegations in a new Netflix documentary series called Jeffrey Epstein: Filthy Rich. Prince Andrew has denied ever meeting her
SAA business rescue practitioners get leave to appeal lay-offs
'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.
The Bentley Flying Spur Has The Best Back Seat In The Business
With the Mulsanne ending production, the 2020 Bentley Flying Spur will take over as the UK automaker's flag...
Fashion Girls for Humanity Founders Explore Future of Fashion
The Fashion Girls for Humanity panel at Columbia University covered how the coronavirus crisis is changing how business is done.
Memrise is an ideal tool for picking up casual conversational skills in 23 languages — right now you can get a premium subscription for 50% off, Business Insider - Business Insider Singapore
Business Insider - Memrise is especially helpful for its conversational approach to learning languages and its ability to tailor lessons to speakers of several native languages.. Read more at businessinsider.sg
Target - On Target, Fairly Valued
Target is enjoying real momentum in sales, driven by digital and essential categories. The store base and specific headwinds in certain categories, including th
Leon Rose adds ‘experience’ in Knicks’ front-office revamp
Knicks rookie president Leon Rose made it official Wednesday with his front-office shakeup in announcing the hirings of three “experienced basketball executives” – Walt Perrin, Frank
Arsenal and Man United on alert as Barcelona put world class star on the market for €50m
Arsenal and Man United on alert as Barcelona put world class star on the market for €50m
HBO Max Is Hedging Its Bets on HBO Originals and a Large Library of Established Content — Analysis
HBO Max boasts plenty of popular films and TV shows that WarnerMedia is hoping will justify the service's monthly $14.99 price tag.
SC: Why no free Covid care at private hospitals? | India News
NEW DELHI: Amid reports of spiralling cost of Covid-19 patients’ treatment in private hospitals, the Supreme Court on Wednesday asked … SC: Why no free Covid care at private hospitals? | India News Read More »
SC: Why no free Covid care at private hospitals?
India News: NEW DELHI: Amid reports of spiralling cost of Covid-19 patients’ treatment in private hospitals, the Supreme Court on Wednesday asked the Centre why s.
FairPrice supermarkets at Hillion Mall, Bukit Panjang Plaza among places visited by COVID-19 cases while infectious
SINGAPORE: FairPrice supermarkets at Bukit Panjang Plaza and Hillion Mall have been added to a list of public places visited by COVID-19 cases ...
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
Sea of Thieves' big Tall Tale adventures are finally getting checkpoints
The Lost Treasures update also adds daily bounties, weekly 'Fort Nights,' new LTEs, and more.
A white venture capitalist threatened to call the police on a group of black men in a Minneapolis gym, and a video of the incident is trending, Business Insider - Business Insider Singapore
Business Insider - Tom Austin, a venture capitalist, later apologized and said a building manager's email previously flagged concerns of non-tenants using the gym.. Read more at businessinsider.sg
TSL bosses acquitted again
Harare Regional Magistrate Mrs Sandra Mupindu has, for the second time, acquitted three Tobacco Sales Limited (TSL) bosses accused of selling a farm for US$600 000 after it had been gazetted by Government for acquisition under the land reform programme.
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
Communications Systems: Needs Sustained Bottom-Line Growth To Move The Share Price
Firm posts negative earnings in the first quarter. Once again this showed that the company is absent any real competitive advantage. No need to push the boundar
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
Lagos conducts assessment to revitalise 329 PHCs
The Commissioner for Health, Prof. Akin Abayomi, disclosed this on Wednesday at the Ministerial Press Briefing to commemorate Governor Sanwo-Olu's first year in office.
‘Aatmanirbhar’ package for agriculture: Sowing half-reforms
While the government deserves credit for announcing agri-reforms that have long been in the making, these may remain halfway measures as it has refrained from biting the bullet on truly freeing up the sector
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Horoscope Today: Astrological prediction for May 27, what’s in store for Taurus, Leo, Virgo, Scorpio and other zodiac signs
Horoscope Today: Are the stars lined up in your favour? Find out the astrological prediction for Taurus, Leo, Virgo, Scorpio and other zodiac signs for May 27.
Restaurateur determined to serve the city
A Christchurch restaurateur is bucking the trend, forging ahead with the opening of his Indian restaurant, despite the new normal.
No SpaceX T-shirts for tourists at Cape Canaveral
NASA begged tourists to watch the SpaceX launch online, but space fans are still showing up in Florida. It would have been pretty good news for Brenda Mulberry -- if she'd had some SpaceX T-shirts to sell them.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
How Sarahi Espinoza Salamanca Turned An Idea To Help Families Pay Rent During COVID-19 Into A $1 Million Fund
The #FirstOfTheMonth Fund was started with a $1 million goal in mind, which would help close the financial rent gap for close to 150 families, and would see the disbursement of funds to those families in need within 48 hours of qualifying for the aid.
GHADC staff file contempt notice in HC
SHILLONG: The Non-Gazette Employees’ Association of the Garo Hills Autonomous District Council (GHADC) on Tuesday filed a contempt case against the Chief Executive Member and the Secretary of the Council in the High Court of Meghalaya for non-payment
Broadway League Head Hopes Theaters Will Reopen in January
Charlotte St. Martin tells The Daily Beast Broadway is seeing a loss of $35 million per week during the shutdown
How Your Kid’s (Or Kids’) School Can Go Solar
With solar being a popular choice for those looking to save on their energy costs, it's no surprise that schools are taking advantage of it as well. Furthermore, many more schools could save money by going solar. [caption id=
Slack threatens Microsoft’s entire Office 365 empire: CEO
After claiming earlier this month that Microsoft Teams is not a real competitor to Slack, Stewart Butterfield, the CEO of the enterprise
From Kabuga’s trial, we must learn how to prevent another genocide
Felicien Kabuga’s trial will be a lesson in history.
Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
Connect First Credit Union appoints former ATB exec as new COO
Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.
Tesla = #1 In Brand Loyalty In Norway & #16 In Customer Satisfaction
By Johnna Crider & Zach Shahan A new study has found that Tesla has the highest brand loyalty in Norway. Additionally, the Norwegian news site Dagens Naeringsliv shared that despite Tesla falling a bit in Norwegian customers' eyes in early 2019 in terms of overall customer satisfaction (a different category from brand loyalty), the company is now
Police chief kills toddler and grandmother in crash, allegedly while drunk driving
A chief of a police sub-precinct in Rembang, Central Java is under investigation for a car crash that killed a toddler and her grandmother, with witnesses of the incident saying that the cop seemed to be driving under the influence of alcohol at the...
EUR/USD put bias weakest in over two months, risk reversals show
One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha
Inside Khloe Kardashian's Calabasas mansion she's selling for £16 million
Khloe Kardashian has put the mansion she bought with ex-husband Lamar Odom on the market and could make a cool £10m million profit from the property
Navarro on Hong Kong: CCP Is Trying to 'Put Them in Concentration Camps' Like in Tibet and Xinjiang
On Tuesday's broadcast of the Fox News Channel's "The Story," White House Trade Adviser Peter Navarro warned of the Chinese Communist Party trying to | Clips
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
Crowdfunding campaign launched to support family of Sanatan Deka; Aims to raise 30 lakhs through the campaign in 19 days
Sanatan Deka was lynched to death by Faizul Haque and friends for selling vegetables in a Muslim majority area near Guwahati during Ramzan.
Two arrested after disabled man in wheelchair robbed at ATM
Two men have now been arrested over the alleged heartless robbery of a wheelchair-bound man at an ATM in Sydney’s CBD. The 42-year-old man, who suffers from spastic diplegia (paraplegia) cerebral…
Used OnePlus 8 Pros are selling for hundreds of dollars above MSRP due to scarcity
Back when OnePlus had initially launched its first phones, it was quite common for these devices to be quickly sold again with a price tag over the MSRP. The reason for these higher priced reselling was due to the company’s then invite-only sales system. Now, the OnePlus 8 Pro is suffering from a similarly inflated …
After decade of work, Victoria firm submits lupus drug to FDA for approval
Victoria pharmaceutical firm Aurinia is one step closer to bringing to market its treatment for lupus nephritis after submitting a new drug application to the Food and Drug Administration in the . . .
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
Mbappe goes mad for Klopp & Liverpool when asked simple Premier League question
Kylian Mbappe was asked if he watches the Premier League in an interview yesterday, but it sounds like he only really pays attention to Jurgen Klopp’s Reds! The PSG forward is celebrating his…
Brian O'Driscoll believes rugby is in a 'dangerous place' due to Covid-19
Finances will be a huge issue going forward and O'Driscoll reckons players must show understanding
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
This Pidilite Industries-promoted stock has rallied over 100% in one month
Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
Only The Lonely Can Play
Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we
How to move beyond the burden of legacy systems [Q&A]
These days, companies are seeking to stay competitive and current by pursuing and succeeding at end-to-end digital transformation.
LG’s 48-inch CX OLED TV is finally rolling out worldwide
The very first OLED TVs featuring 48-inch panels are finally on their way, now that LG has confirmed the new size for its CX OLED television would be rolling out in the coming weeks.
G Suite launches beta program for sharing folders in shared drives
Google Drive is a cloud storage product that everyone from single users, to enterprises, to educational facilities can use. Recently, Google cleaned up
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Tom Cruise in space
NASA is rolling out the International Space Station’s red carpet for Tom Cruise to make a movie in orbit.
Geneva Motor Show Might Not Return Until 2022
The 2020 Geneva Motor Show became one of the first high-profile automotive events to be canceled due to the...
How Rich Are You? Richer Than You Think
Take a look at how much money other people have and live on, and your situation might look better than you thought.
You sold out our party - Kashamu tells ex-PDP chairman in Ogun
Senator Buruji Kashamu has accused the Peoples Democratic Party (PDP)'s former chairman in Ogun, Chief Bayo Dayo, of selling the party out for financial gains.
Pico Neo 2 enterprise-grade 4K 6DoF VR headsets are now available
The Pico Neo 2 and Pico Neo 2 Eye are two brand new standalone VR headsets designed with enterprise in mind. These Snapdragon 845-powered VR HMDs feature an incredible 4K resolution, 6DoF tracking, and motion controllers complete with eye-tracking on the higher-end model.
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
Shrewsbury Food Hub benefits from college donations
Boxes of surplus food and toiletries from the empty bedrooms of a Shropshire college have been distributed to Shrewsbury Food Hub.
Search for men wanted in string of Queens burglaries
Police are searching for the men behind several break ins at businesses in Queens.
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
Sold drugs, declared dead 3 times and homeless; this rapper just bagged a master’s degree
Rapper Kirk Williams was lucky in avoiding being one of many African American felons in the United States. At the age of 14, Williams had been a drug dealer
Funding Cut For Kaikoura Council’s Survival Project
The government has turned off the funding tap for Kaikoura District Council's financial sustainability project.
This Is How I Lost $1,200 Worth of Ethereum (ETH) In 100 Seconds: A Tale of a Costly Mistake
An interesting and certainly education Reddit thread surfaced today, showing the importance of being extra careful when it comes to dealing with sensitive
HTC Will Reportedly Launch A 5G Smartphone In July
HTC has been silent for quite some time in the smartphone industry. However, the company seems to be quite optimistic about its comeback. According to a
Luweero district council rejects proposal to spend UGX 80m on food
Luweero, Uganda | THE INDEPENDENT | Luweero district council has rejected a proposal to use the COVID-19 facilitation from area Members of Parliament to buy food and clear allowances for members of the COVID-19 task force. Each member of Parliament had received 20 million Shillings from the Parliamentary commission to facilitate their activities during the …
Best wireless earbuds: the best Bluetooth earbuds and earphones in 2020
Cut the cord with the best wireless earbuds you can buy in 2020.
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
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.
India-Bound 2021 BMW 6 Series GT Revealed With Mild Hybrid Powertrain
2021 BMW 6 Series GT comes with design revisions and interior updates while boasting mild-hybrid system across the lineup
The Best Way to Play the Current Tech Rally Is eBay Stock
Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.
ALL McDonald’s drive-thrus in Suffolk to reopen next week
More than 1,000 McDonald’s drive-thru restaurants, including all sites in Suffolk, will be reopened to the public from next week.
AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections
No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter
Bill Clinton again denies visiting Jeffrey Epstein’s island as Netflix documentary reveals new claims
A second person has claimed Bill Clinton visited the late Jeffrey Epstein’s island in a new Netflix documentary, but the former president again denied these allegations.Netflix’s Jeffrey Epstein: Filthy Rich, a four-part docuseries released on Wednesday, includes an interview from a longtime tech worker
New bid for 27 self-build and custom-built homes in Suffolk village
Plans for up to 27 new homes in Melton have been re-submitted by developers.
South Korea 'comfort women' activist group battles to survive amid scandal
The South Korean organization that first raised the issue of "comfort women" is defending its activities as counter-protests grow.
Phase 3 still weeks away
British Columbia is now in the second week of its Phase 2 of reopening businesses, but any thoughts of removing additional COVID-19 restrictions is still at least three weeks away.
Djokovic confirms 2 more big names added to Adria tour line-up
Novak Djokovic has confirmed that Croatians Marin Cilic and Borna Coric have been added to the star-studded lineup for the Adria Tour event.
Adobe Sneaks: Introduces a new way to pick outfits in eCommerce with AI
Adobe Sneaks “Project Clothes Swap” introduces a new way to pick Outfits shopping in eCommerce with AI. Gives an option to try out an item online.
Video: BMW 5 Series LCI gets emotional first video
For the launch of the new BMW 5 Series LCI, the German carmaker created a unique video to promote the revamped model.
Indore: Man commits suicide after facing harassment from borrower
Due to the lockdown, Pahawa was facing some financial difficulties and he went to Rathi's place for his money on Tuesday.
PlayStation 5 reveal set for June 3rd according to multiple sources
Multiple sources have suggested that Sony will be holding a PlayStation 5 event on June 3rd."The virtual event could be held June 3, though some people also cautioned that plans have been in flux
Manhunt for fugitive UConn student expands to Maryland after latest gas station sighting
The now six-day manhunt for the University of Connecticut student wanted in connection to two homicides, a home invasion, and a kidnapping widened in Pennsylvania Wednesday after a firefighter spotted a man matching the suspect’s description hiding behind a dumpster at his station house.
With test results delayed, it is a longer stay at quarantine centre for many
Besides financial implications, they all have complaints about poor facilities
Chris Kirubi: What I Miss About Family Life
"It was an interesting life just looking after the kids, taking them to school, working with them on their homework and you...
Some hairdressers 'living hand to mouth', court hears in bid to reopen salons
Some hairdressers are living hand to mouth and are pleading for the ability to earn an income, the Western Cape High Court heard in an urgent court application.
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)".
Machinery Must Be Used For Shifting Heavy Items
Machinery should be used for shifting heavy items – not staff. That is the message from WorkSafe after a worker on an Otago dairy farm was left with a spinal injury.
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
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
Newcastle United’s reported interest in Xherdan Shaqiri is perfect for Liverpool
Newcastle United might be the only team around who can pay Liverpool's initial price-tag for the Swiss star.Newcastle United might be the only team around who can pay Liverpool's initial price-tag for the Swiss star.
Zimbabwe Buys US$5 Face Masks For US$28 In Shocking Covid-19 Scandal
A shocking corruption scandal has been unearthed in which the government of Zimbabwe bought Covid-19 equipment at hugely inflated costs from a private
Brewdog launch 'Barnard Castle eye test' IPA 'for tall tales' amid Cummings row
Today the brewery announced the tongue-in-cheek name chosen by fans for its newest drink after the Dominic Cummings furore, caused by the government advisor's drive to Durham - with proceeds goinmg to the NHS
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
Biotech Stocks Have Been on Fire, But Timing Is Everything
Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.
Chevrolet Groove Is The Rebadged Baojun 510 – Details Inside
Just as Baojun 530 became the Chevrolet Captiva in Southeast Asia, the Baojun 510 will be launched as Chevrolet Groove in Latin America
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
Arsenal could lose out on highly-rated defensive target thanks to Real Madrid stance
Arsenal could lose out on highly-rated defensive target thanks to Real Madrid stance
AT&T Stock Jumps 3% on HBO Max Launch
AT&T (T) stock is getting a boost Wednesday following the launch of HBO Max, which is the company's new premium streaming service.
French court rejects release of Rwandan genocide suspect Felicien Kabuga
After two decades on the run, a Rwandan suspect in the 1994 genocide against the Tutsis has appeared in front of a French court. Felicien Kabuga says all the charges he faces are lies. Meanwhile in C…
What is double criminality? Meng Wanzhou ruling explained
The alleged fraud that Huawei executive Meng Wanzhou is accused of committing by U.S. authorities would be considered a crime in Canada if it happened here, a British Columbia judge ruled Wednesday, marking a major loss for the powerful Chinese businesswoman in her ongoing extradition battle.
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
MPs' fury as betting giant dodges £3.5million fine for death of addict who was given a £400 'bonus' just hours before taking his own life
Chris Bruney, from Sheffield, took his own life hours after being plied with £400 of bonuses by staff at online casino Winner.co.uk, owned by Playtech.
ZTE Axon 11 SE is coming on June 1 with MediaTek Dimensity 800 SoC
ZTE has just confirmed via Weibo that the new affordable ZTE Axon 11 SE will be revealed on June 1. Coming with Dimensity 800 5G SoC.
Roy Halladay’s wife reveals heartbreaking accounts of his addiction
On the mound, Roy Halladay was an all-time great, a Hall of Fame pitcher and eight-time All-Star who was one of the very best of his era. Off the field, his life was far more challenging, a fight
Netflix’s Jeffrey Epstein: Filthy Rich gives voice to victims, but can’t tell the whole story
Four-part docuseries on disgraced financier and sex offender explains a lot, but not everything
Flying high: SAA rescue practitioners defend their R30m fees
Rescue practitioners Siviwe Dongwana and Les Matuson have come under fire for the R30m in fees that they have invoiced and the R10bn spent on restructuring SAA since it was placed under business rescue on 5 December 2019.
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover
Saudi Arabia's bid for Premier League rights helping to smooth Newcastle takeover