Economy 778
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
Apple reopens all of its stores in Arizona
Apple confirmed Tuesday that it would reopen all six of its retail stores in Arizona this week for in-store service, technology support, and curbside pickup.
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
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.
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
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Formula 1's cost-cutting proposals approved by FIA
Formula 1's plan for cost-cutting measures is approved by the sport's governing body the FIA.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
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
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.
SpaceX is about to launch NASA astronauts to the International Space Station on its Crew Dragon spaceship. Here's what to expect.
Wednesday's SpaceX launch is set to send the company's first-ever passengers into space: NASA astronauts Bob Behnken and Doug Hurley.
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.
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
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.
Becky Lynch breaks silence about possible WWE return after pregnancy
Becky Lynch addressed her WWE future and what could happen after she gives birth.
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.
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
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.
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
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.
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...
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
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.
'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.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
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.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
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
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Apple to reopen about 100 US stores, most with curbside pickup
Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
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.
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.
Capcom just rolled out a five-day Mega Man Switch sale
Mega Man started out on a Nintendo platform, so it only feels natural that Capcom bring as many games as possible to the Switch. Although things were very slow going at first (bring every Mega Man on NES and SNES to the Switch Online suite,...
55 Covid-related goods makers keen on investing in PH
Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.
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.
Why Technology Is Proving Surprisingly Defensive
In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite
Aldi announces plans to open new store in Cork
Aldi has said that the new store will see “substantial investment” in the area.
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.
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
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.
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 …
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
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
Spotify finally gets this most-wanted feature – and real music lovers will be relieved
Spotify has announced that it's scrapping the limit on how many songs you can download to your personal library.
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.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
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.
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
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.
World’s top companies, including Apple, borrowed $1 trillion in just five months
Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage.
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
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
Walmart partners with thredUP to offer new and pre-owned clothing
Shoppers can now purchase thredUP's secondhand wares through Walmart.com.
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
Using the cloud ensures business continuity in crisis
Business leaders dedicate the bulk of their time to strategizing for growth and longevity by equipping their organizations with the data and technology required to get things done smarter and faster. However, as is often the case, one small crisis like a security breach or a natural disaster can significantly compromise your business data and disrupt business continuity. To
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
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.
A.O. Smith partners with FoxyMoron to enhance digital presence
The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement
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.
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 ...
The original Google Home is 'no longer available' in the company's US store
Google's original Home speaker is listed as 'no longer available' in the official US store, prompting questions about its future.
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
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
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
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.
Apple To Reopen Approximately 100 US Retail Locations
Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.
Skullcandy releases four new headphones with built-in Tile trackers
The four newest earbuds from Skullcandy all have advanced Tile tracking features, all while looking like the perfect accessory for Snap's Spectacles.
How to change website language on Amazon Prime Video
Amazon Prime Video is among the most popular video streaming services. Same as every other service, this one allows you to make some changes so that you can have the
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
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
Walmart partners with online fashion reseller thredUP
May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.
Google faces antitrust case in India over payments app
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
DC Trivia #17: Every Superhero Needs To Plan Look Breaks For THIS Legit Reason
DC Trivia #17: We all get that 'wow' feeling when seeing Christian Bale in a Batman suit or drool over Margot Robbie's Harley Quinn costume. But, do you know every DC superhero has a weird rule to f
‘Nobody Is Signing Contracts Except For Pitso’
Highlands Park are not engaging in any contract talks at the moment, with the club yet to make a decision on the future of their number one goalkeeper Marlon Heugh.
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.
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.
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.
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
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.
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
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.
Pinterest Introduces Shopping Spotlights With Influencers And Publishers
Pinterest is introducing a new feature called shopping spotlights that brings expert recommendations from influencers and publishers directly to consumers.
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Google now lets businesses clarify what online services they offer during the pandemic
Businesses in more countries will also be able to list donation links.
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.
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
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
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
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.
LG to launch 48-inch OLED TV in June | ZDNet
It is the company's smallest OLED TV to date.
Quibi advertisers already wary of streaming service amid struggles
The star power of Sophie Turner didn’t offer enough immunity to protect Hollywood mogul Jeffrey Katzenberg from the pain of the pandemic. Large advertisers are seeking to defer payments to
'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 ...
Apple to Reopen More Than 100 Stores in The US This Week
Apple will reopen more than 100 stores in the U.S. this week, as the tech giant looks to rebound from the body-blow its suffered due to the coronavirus
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
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...
Google to gradually return to work as Apple reportedly plans to re-open more stores | ZDNet
'Googlers' will get $1,000 to make work from home life more accommodating.
Business, unions decide reform is too hard
Big news: nothing will happen! At New Daily:
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
Maharashtra: Nashik farmers unable to sell onions at fair prices
Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said
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 ...
800 export consignments stranded at Lagos ports
ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen
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 ...
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
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...
Bengaluru: Sex work goes online as new norms ban touch
The new normal post the Covid-19 outbreak has hit commercial sex workers in Bengaluru, with most clients preferring to stay away from them fearing phy
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
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.
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.
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
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
Nokia shutters manufacturing plant as employees test positive for Covid-19
Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.
[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...
Woman with Covid-19 symptoms collapses in B&M but customers told to 'keep queuing'
Staff at the B&M in Grimsby, Lincolnshire, have claimed the store also wasn't properly cleaned after the woman was overheard telling paramedics she had coronavirus symptoms
Halfords to reopen 53 stores after physical-distancing trial
Customers allowed in store for first time since UK coronavirus lockdown started on 23 March
[BREAKING] COVID-19: Tesla Now Cuts Prices of Model Sedan Cars up to Lowest Price $37,000
Due to Coronavirus, a lot of businesses now offer discounts. And Elon Musk's Tesla might be one of them.
The coronavirus has taken a sledgehammer to live entertainment. Ticketek explains how it has kept the ball rolling through the pandemic.
Ticketek has switched to virtual events as several live entertainment shows have been cancelled or postponed during the coronavirus pandemic.
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
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...
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.
EUR/USD: The 1.1012 200-day ma to cap advances – OCBC
The EUR/USD may be headline-driven, as the Franco-German virus recovery plan is tabled for discussion today. Terence Wu, an FX strategist at OCBC Bank
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
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
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
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.
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.
Truecaller denies reports that data of 4.75 cr Indians was put up for sale on the dark web for Rs 75,000
The data on sale includes phone numbers, gender, city, mobile network, Facebook id and so on.
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
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
Largan sells China plant
Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.
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.
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.
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
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
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
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
Genesis Energy LP: Too Risky For The Current Environment
Even though it shows some rebound after March lows, Genesis Energy LP remains a risky buy in the current environment. The stock shows high volatility and a high
Another NFL Owner Reportedly Took A Shot At Jerry Jones
Another NFL owner reportedly took a shot at Dallas Cowboys owner Jerry Jones during a teleconference call.
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
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
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.
Jadeveon Clowney spurned ‘richest offer on the table’ from Browns
It’s not all about the money this time for Jadeveon Clowney. The No. 1 overall pick in the 2014 NFL Draft has reportedly rejected a significant offer from the Browns, who have been “the
7 ‘Harry Potter’-themed masks you can buy online
Whether you’re a Disney, “Schitt’s Creek,” or “Friends” fan, there’s a themed face mask on the market for you.
Apple is reopening more stores, but online progress also sparks optimism
Apple Inc. is slowly reopening more of its stores in what one analyst calls a “sign of improving trends,” but the company seemed to be making strides in the...
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
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.
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.
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.
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
OnePlus wants to get back to its roots with cheap phones
OnePlus has gotten away from what kickstarted their brand in recent years. The original OnePlus One was an incredibly cheap phone especially for the specs,
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
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
Pablo Escobar’s Brother Is Now Selling 24k Gold-Plated iPhone 11 Pro Models for $499 Only
The brother of Pablo Escobar now wants to sell you gold-plated iPhone 11 Pro models at just $499, but there’s always a catch
Bath & Body Works Is Closing 50 Locations Nationwide, and Malls Just Won't Be the Same
Bath & Body Works announced it will be closing 50 stores across the country, mostly in malls.
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
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
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 ...
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
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,
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
John Lewis reveals exact date for reopening of Ipswich store
Retailer John Lewis has revealed Ipswich will be one of the first locations to reopen among a handful of UK branches.
Heir To Huawei
With Huawei having to confront the prospect of becoming primarily a domestic brand, it makes sense for the world’s second largest manufacturer of smartphones – and almost certain to be the next No.1 – to make its own chips.
John Lewis unveils plans to reopen department stores from June 15
It is part of a phased reopening - but some stores are expected to remain shut.
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...
Jewellery, textile showrooms seek permission to open
TIRUCHI Faced with heavy losses due to the lockdown, owners of major textile showrooms, jewellers, utensil shops and other big commercial establishments have urged the district authorities to allow th
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Factbox: Renault and Nissan's plan to rebuild their alliance
TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.
Apple will reopen 100 stores in the U.S. this week
Apple is reopening 100 more retail stores in the United States this week that it was forced to close because of the coronavirus, though customers won't be able to enter many of them just yet.
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.
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 […]
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
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.
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 ...
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
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
HONOR 9X Lite Malaysia price announced for RM699 with Magic Earbuds and weighing scale bundle
In this short news announcement, HONOR Malaysia have finally announced the official price tag for the HONOR 9X Lite, HONOR Magic Earbuds and HONOR Scale 2. Launching officially from today onwards (27 May), the Magic Earbuds and Scale 2 are part of the 9X Lite bundle which is RM699 in Emerald Green and Midnight Black.
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
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’
Reopen Long Island: Long Island enters phase one of reopening
Nassau and Suffolk counties are moving into phase one of reopening which includes manufacturing, construction, agriculture, wholesale trade, and retail stores, which can now offer curbside pick-up only.
How to edit payments in Amazon Prime Video
Amazon Prime Video is a great streaming service and for some time now it is considered to be among the best and most popular ones. When you sign up for
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
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
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 […]
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
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.
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
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
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
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.
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.
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
Engineering firm Downer secures $294m Eliwana contract from Fortescue
Downer EDI has secured a contract from Fortescue to complete works at the Eliwana iron ore mine in the Pilbara region of Western Australia.
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
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
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.
Google faces antitrust case in India over payments app: Report
India Business News: The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote it
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
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 […]
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
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
New sweet shop specialising in American candy opens
Sweet-toothed fans have been snapping up the sugary treats
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
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...
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
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.
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.
Banks go digital to maintain social distancing in post Covid world
Contactless services set to gain ground
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
Saudi Arabia: Tax authority begins inspections of shops in retail sector
Campaign aims to ensure commitment of shop owners to VAT system
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
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
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019
ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.
Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel
Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.
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.
Andhra Pradesh natives happy to return home
The first domestic flight landed at Vijayawada airport from Chennai with 79 passengers
CEO pay tops $12.3M
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.
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.
Sharp IT budget cuts expected in wake of COVID-19
Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.
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
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.
Tesla slashes EV prices by up to $5,000 in North America and China
Tesla has given its more expensive models, the Model S and the Model X, the biggest price cut, slashing $5,000 off their old purchase price. The Model S Long Range Plus EV is now listed for $74,990 from $79,990, while the Performance version now costs $94,990.
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
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.
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.
Author Vikram Kapur on how the pandemic has made our lives go ‘online’
Vikram Kapur writes that the society that emerges after the pandemic promises to be one where humans are more reliant than ever on technology
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.
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
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.
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.
4.75 crore Indian Truecaller data on sale for Rs 75,000? Company responds
As per a report coming from online intelligence firm Cyble, some personal data of 4.75 crore Indians have been put on sale for $1,000 (that roughly translates to around Rs 75,000) on dark web.
Nordstrom Needs to Bring Back What Made it Special
Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why.
Lowy family-backed fund pays $40m for Melbourne homemaker centre
The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
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...
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).
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
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.
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.
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
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.
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.
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
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
Amazon trucks could soon be self-driven: Ecommerce giant may buy robo-taxi startup Zoox, says WSJ
Zoox was founded in 2014 with a mission to build a “fleet of fully autonomous, battery electric, zero-emission vehicles
The 20 car models with the most 2019 surplus inventory still left over unsold
The Dodge Grand Caravan tops the list of the most-unsold car with 66.3% of its inventory still in stock.
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
Forever 21 Sale: Take 30% Off Select Summer Styles -- Dresses, Denim and More
Save on the latest trends on the affordable fashion retailer's website.
The 20 car models with the most 2019 surplus inventory still left over unsold, Business Insider - Business Insider Singapore
Business Insider - The Dodge Grand Caravan tops the list of the most-unsold car with 66.3% of its inventory still in stock.. Read more at businessinsider.sg
Pay special daily allowance to contractual workers: Bombay HC tells NMMC
Judge says it was unfair of the corporation to differentiate between them and regular employees
Ritchie Street shoppers park on Anna Salai, hinder traffic flow
Lanes leading to the electronics hub have been barricaded
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 ...
Publicise WhatsApp numbers of shopkeepers, avoid complete shutdown, Bombay HC tells authorities
The petitioner told the court the authorities had announced a complete shutdown in containment zones from May 15 to May 20, causing inconvenience to both the consumers and shopkeepers selling essential goods.
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.
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
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
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.
Google Ads credits for SMBs start rolling out
The $340 million program will phase in over the coming weeks.
‘Jersey Shore’ Preview: Angelina Makes A Last Minute Wedding Invite As The Group Returns To Seaside
The 'Jersey Shore' cast returns to Seaside and visits Danny at the Shore Store in this exclusive preview of the upcoming episode.
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
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Gold picks up as market sentiment sours
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are
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...
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.
Exclusive: Google faces antitrust case in India over payments app - sources
NEW DELHI (Reuters) - India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.
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
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.
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
Exclusive: Google faces antitrust case in India over payments app - sources
India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile ...
Govt Delivers Security For Construction Subcontractors
Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.
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.
Consumers can now book LPG refills on WhatsApp
A company source said since many consumers were comfortable using the messaging application on their smart phones, the company was offering this option too.
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
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
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.
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.
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.
TikTok app has achieved the highest in-app revenue in April 2020
TikTok app has achieved the highest in-app revenue in April 2020. TikTok reportedly generated nearly $78 million in the App Store and the Google Play Store.
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.
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.
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.
M&S announce permanent closure of Nottingham city centre store
Staff will transfer to the other city centre store
Reliance Jio now offers monthly double data benefits to Jio Fiber broadband subscribers; here are all the plans
Coming to the Jio Fiber Diamond plan it now provides annual subscribers with 4,000 GB of high-speed monthly data benefits.
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
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.
Lockdown impact: NHAI to extend contract for private highway developers
25% average toll collection loss to get one-day extension
HBO Max is an expansion of the HBO streaming service you already use, but with a new name
Looking for episodes of “Sesame Street” but can’t seem to find your HBO streaming app? Or maybe you noticed that the app changed to a slightly different logo and name?
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
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
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.
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
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.
The two things Kerr Neilson fears in pandemic
The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.
Times Square billboards to go dark in support of struggling businesses
More than 100 million pixels will be darkened at 9 p.m. at 46th Street and Broadway and the corner of 47th Street and Seventh Avenue to send a message that more federal support is needed.
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
Nissan's Future Is About To Be Decided
Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...
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.
Here's the deal regarding RAM upgrades in the XPS 15 (9500)
The refreshed 15.6-inch XPS 15 (9500) retains the ability to upgrade RAM after purchase, but there are some thing you need to know to ensure the best chances for compatibility.
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.
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.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
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.
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.
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.
[Update: Rolling out] Google Maps adds ‘Support this business’ section linking to gift cards, donations
Local businesses are struggling amid the ongoing COVID-19 pandemic due to decreased foot traffic sales. Google business listings donate...
Podcast: How can designers help brands drive rapid digital change?
Design Week caught up with Studio Output creative director Johanna Drewe and Resn creative director Simon Jullien to find out.
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 …
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
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.
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
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.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
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
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
Apple Fixes iOS 13.5 App Store Bug That Prevented Users From Opening Certain Apps
Apple fixes iOS 13.5 App Store bug that prevented users from opening certain apps as numerous apps saw updates in the App Store.
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
Liverpool ONE reopening with one-way walking lanes & reduced hours
There will be strict limits on the number of customers allowed in stores at one time too
Tesla knocks $5,000 off Model X price as coronavirus hurts demand
Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model
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
Over $500m to help digital transformation of companies
More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
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.
Gold Price Analysis: Pressed to critical support, break or bounce? – Confluence Detector
Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at
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.
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
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.
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...
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
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.
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.
Majority of US small businesses optimistic in face of coronavirus pandemic, study says
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.
Natural Gas Price: Cautiously positive
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
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.
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 . . .
PUBG Mobile: How to get free character vouchers in season 13
There are currently only 3 characters in PUBG Mobile, but a new one Andy will be introduced soon.
Money Saving Expert advice can save thousands on your Council Tax
You can claim back huge refunds, reduce your payments or even cut Council Tax to zero
Apple Fixes Latest iOS 13.5 Bug That Prevented Some iPhone Apps From Opening
Image for representation. The bug impacted apps such as Audible.com, Discord, Facebook, WhatsApp, and YouTube, among others. IANS … Apple Fixes Latest iOS 13.5 Bug That Prevented Some iPhone Apps From Opening Read More »
‘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.
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
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
China's GAC keeps target of 3per cent sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
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
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
SMBs Can Apply for Full Paycheck Protection Program (PPP) Loan Forgiveness
Small businesses can now apply for a full paycheck protection program (PPP) with loan forgiveness. To qualify organizations must show 75 percent of their loans were used on payroll and the other 25 percent was spent on expenses like rent or utilities.
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
Export of Irish beef to China temporarily suspended
The Department of Agriculture has confirmed that the export of Irish beef to China has been suspended temporarily after a 14-year-old cow tested positive for 'Atypical BSE'.
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
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
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.
UK Fintech SumUp Launches Payment Tools to Help Businesses Conduct Operations while Observing Social Distancing Measures Due to COVID-19
UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing meas
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
Tesla’s Model S and Model X EVs are now $5K cheaper — but there’s no more free Supercharging
Buying a new Tesla got a little less sweet on one hand and sweeter on the other. Its cut the price of Model S and X EVs, but removed free Supercharging.
OnePlus Z is real hints OnePlus CEO Pete Lau; affordable flagship coming soon to India
If you’ve been waiting for OnePlus to go back in time when its phones were flagship killers rather than full-on flagships, there’s some good news coming for you.
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.
Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown
A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
Apple reopens doors to nearly 100 US stores
Apple plans to reopen around 100 of its stores in the US by the end ...
Top investor in Italy's Nexi cuts stake as M&A looms
MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
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.
5 Stocks to Start Investing in 2020
These top businesses can form the foundation of your investment portfolio.
RB Leipzig boss admits Timo Werner is pondering future amid Liverpool transfer interest
Timo Werner continues to be linked with a transfer to Liverpool and RB Leipzig boss Julian Nagelsmann concedes he has a decision to make
Google Store stops selling original Google Home in the US
Google's smart speaker lineup is currently comprised of four devices, with the latest being the Nest Mini from October 2019. The original Google Home...
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
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...
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
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.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
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.
Tottenham boss Jose Mourinho expects much-changed transfer market
Mourinho expects big fees to be a thing of the past for now after the coronavirus pandemic.
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.
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.
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.
Tesco will use technology to monitor crowds in its stores
Tesco will begin introducing a new system to help control the number of people within its stores. The new technology will count how many people enter and ex
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
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.
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.
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.
VMLY&R India wins the digital mandate for Colgate-Palmolive
The agency will encompass digital campaign planning, creative thinking, as well as social listening
Tesla reduces car prices in North America and China
Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.
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.
Google faces antitrust case in India over promoting payments app: Report
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said
Tesla lowers Model S, Model 3, and Model X pricing in eve of coming battery milestones
Tesla has implemented a series of price adjustments for the Model S, Model 3, and Model X. Based on observations from the Tesla community, several variants of the three vehicles have seen their prices drop by as much as $5,000, on the eve of Tesla’s speculated rollout of its next-generation batteries. Recent reports indicate that […]
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
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
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.
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.
Tokocrypto 2.0 powered by Binance Cloud
Tokocrypto has launched Tokocrypto 2.0, an upgraded cryptocurrency exchange powered by Binance Cloud.
2 out of 3 MSMEs are well-placed in lockdown
IANS New Delhi Two out of three micro, small and medium enterprises (MSMEs) are well-placed to surge through the lockdown while 30 per cent are very stron
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
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
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
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.
Disney World is set to reopen on July 11 with masks and temperature checks required, Business Insider - Business Insider Singapore
Business Insider - Disney told a Florida task force that it plans to open the Magic Kingdom and Animal Kingdom first, followed by Epcot and Hollywood Studios.. Read more at businessinsider.sg
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines, Business Insider - Business Insider Singapore
Business Insider - Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.. Read more at businessinsider.sg
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.
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
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
Lane Neave Advises MIE Pay On Australian Listing
Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.
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
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.
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.
Price Chopper: Tesla Sinks Stickers As U.S. Factory Comes Back Online
Hoping to reduce the coronavirus pandemic's strain on its balance sheet, Tesla slashed prices on three of its four models on Wednesday.
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.
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.
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.
Browns owner Jimmy Haslam reportedly could be heard saying Jerry Jones should be on ‘permanent mute’ after the Cowboys owner forgot to unmute on an NFL zoom call
A light-hearted moment unfolded on a video conference call with NFL owners recently when Dallas Cowboys owner Jerry Jones may have struggled with the “mute” button.
Instagram Wants Its Influencers to Make More Money
The platform announced updates aimed at helping creators monetize their audience.
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.
RIL expanded in every conceivable technology trend: report
IANS Mumbai Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging
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.
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
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
Instagram brings ads to IGTV and paid badges to live streams
Facebook-owned Instagram has announced new monetization tools for creators on the platform, including the addition of ads on IGTV, as well as the ability to buy badges in live streams.
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.
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
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.
Google faces India mobile payments competition claim
Google could be the latest mobile payments provider probed by authorities in India, as reports ...
50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report
The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months
OnePlus CEO may have confirmed the existence of OnePlus Z
OnePlus recently came under fire from its core fanbase for its new smartphone strategy that includes making more premium smartphones in order to compete against industry leaders like Samsung and Apple. Besides premium smartphones, OnePlus will also release lower-priced smartphones — a strategy that many popular flagship brands like Apple and Samsung are pursuing. In […]
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
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...
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.
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
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.
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic
Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.
Key steps to take to keep remote workers secure
The demand for remote working as a result of COVID-19 has invariably placed pressures on organizations to ensure the availability of resources outside of corporate control. How secure is this process? Cindy Provin discusses with Digital Journal.
'Mother of all sales' predicted for Devon and Cornwall's shops as they reopen
According to experts, there could be the 'mother of all sales' for the next few months
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.
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
Google Pay rolls out Nearby Stores feature in 35 Indian cities
Last month, the feature was launched only in a few cities. The feature referred to as Spot by the company is a commerce layer on the app. It enables businesses to open mini digital storefronts within the payment app where users can browse for products and services.
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.
Wife whose husband won 'more than £250K' on a scratch card reveals his brother and sister want the money to be split three ways - and is branded 'greedy' when she says they plan to keep the money for themselves
Posting anonymously on the British parenting site Mumsnet , the woman explained the dispute over the scratchcard had caused a rift within the family.
TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze
TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.
Far Cry 5 is free for the weekend on the PC platform
Ubisoft has announced that the fifth main instalment in the Far Cry series, Far Cry 5, will be available to play for free this weekend to players all over the globe on the PC platform.
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
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
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.
See who's there from anywhere with Eufy's 2K video doorbell on sale for $100 today
Comes with free wireless chime with fun ringtones. Includes a 2K image with advanced HDR and Distortion Correction. Two-way audio lets you speak in real time to guests. Can detect body shapes and faces, sending you smart alerts that matter.
Liverpool among clubs to argue against paying €384m TV rebate
Premier League’s top six liable to have to pay back broadcasters more than €30m each
See who's at the door with Eufy's 2K video doorbell on sale for $100
Comes with free wireless chime with fun ringtones. Includes a 2K image with advanced HDR and Distortion Correction. Two-way audio lets you speak in real time to guests. Can detect body shapes and faces, sending you smart alerts that matter.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
BJP, JSP launch ‘Vizagnot for sale’ campaign
‘It is imprudent to sell away prime land for doling out freebies’
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.
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...
The coronavirus sword falls heaviest on the weakest and smallest automakers
Even with factories and dealerships slowly opening back up, sales of new vehicles could take a long time to fully recover
Hema Malini dissociates herself from Kent’s ‘classist’ ad against maids, company chairman issues public apology
BJP MP Hema Malini has dissociated herself with the controversial ad placed by Kent RO Systems after Twitterati exploded in anger, accusing the company of being classist. The controversy was triggered by Kent's ad promoting its new product, an atta maker.
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
Withdraw notification on PWD contractors: GFP
NT NETWORK Panaji The Goa Forward Party has demanded that the government immediately withdraw its recent notification as issued through the office of the
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
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
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
AdDuplex: Windows 10 v1909 is now installed on more 35% of Windows 10 devices
AdDuplex has released the numbers for May 2020, giving us details about the market share of different Windows 10 versions. According to the stats, the market
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results
As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
Mira Bhayandar: 36 new Covid-19 cases, two deaths on Wednesday
Following a day's drop in the number of COVID-19 cases on Tuesday, the metropolitan satellite township of Mira Bhayandar witnessed another dramatic spike in the spread of the virus on Wednesday when 36 persons tested positive for the infection.
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
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.
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
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 ...
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
OnePlus CEO confirms company is working on cheaper smartphones
Pete Lau says OnePlus is exploring cheaper phones and denies BBK link in exclusive interview with Fast Company
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...
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
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Facebook wallet for Libra digital coins renamed 'Novi'
The rebranding replaces the original name of 'Calibra' for the Facebook digital wallet which would work with the planned virtual currency Libra
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
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.
Samut Sakhon gets ready for thousands of returning migrant workers
The Nation/ANN - Samut Sakhon province is bracing for the 5,400 migrant workers set to return from Myanmar next month by demanding that employers arrange facilities for their 14-day quarantine. Provincial governor Veerasak Vijitsaengsri said the authorities and the private sector are confident they can control the spread of Covid-19 among migrant workers, who will return to work next month.
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.
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
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
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
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.
Coronavirus Refunds: AT&T DirecTV Customers Will Receive Credits For Sports Subscriptions
The DirecTV business of AT&T is providing MLS Direct Kick and MLB Extra Innings subscribers with credits for payments they have made for their plans.
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
Govt spokespersons should acknowledge figures of 2017-18: Jahangir Tareen
Jahangir Tareen said he was the only mill owner who paid full price of sugarcane to farmers
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
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.
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
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
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
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.
Too early to celebrate value comeback
Via the excellent Damien Boey at Credit Suisse:
NZ April fall largest since the filled jobs series began more than 20 years ago
New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV
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 ...
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).
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.
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.
Ukrainian airline switches to cargo to weather COVID crisis – media
The impact of the novel coronavirus pandemic on the airline industry has prompted several carriers to seek state aid.
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.
Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations
The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.
Many Americans say the pandemic changed their spending habits for the better, but experts are skeptical it will last
As state and local economies begin to reopen, Americans will be putting their newfound spending habits to the test.
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.
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.
I've Changed My Mind About Norwegian Air - The Future Is Brighter
Norwegian Air Shuttle was, effectively, bust, but it has managed to get the creditor takeover, the rights issue, and the government aid all through. It's thus a
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
Woman wins $127,000 jackpot using money from making face masks
May 27 (UPI) -- An Oregon woman who took up sewing face masks when she was laid off due to the COVID-19 pandemic said the money from her efforts scored her a $127,000 lottery jackpot.
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...
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic
Tesla has slashed pricing for its Model 3, Model X, and Model S models as the coronavirus pandemic ravages US car sales, as Reuters reports.
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
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.
OPPO Reportedly Accelerating Its Own Chipset Plan
The US-China trade war has been going on for a couple of years now and there's seemingly no end in sight. OPPO, the second largest smartphone brand in
Google Home speaker ‘No Longer Available’ in U.S. Google Store
The speaker, released back in 2016, is no longer available on the U.S. Google Store,
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
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
Used car sales recover after COVID-19 lockdowns
Many wholesalers either weren’t trading-in cars, or were making low offers amid market uncertainty, but the used market is now showing signs of recovery.
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.
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 ...
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.
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
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic, Business Insider - Business Insider Singapore
Business Insider - The Tesla Model X SUV and Model S sedan are $5,000 cheaper, while the Model 3 got a $2,000 cut. The move comes as COVID-19 tanks overall car sales.. Read more at businessinsider.sg
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 …
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
Amazon is in advanced talks to purchase self-driving vehicle start-up Zoox
Amazon is reportedly in advanced talks to purchase self-driving vehicle start-up Zoox. Sources familiar with the matter tell The Wall Street Journal that the deal would value the company under $3.2 billion, the valuation its 2018 round of funding was based on.
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
Why good credit matters — even if you don’t plan to borrow
Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.
ANALYSIS: Vegan boom is heading for a meat-fuelled bust
Vegan companies were struggling with increasing costs even before the coronavirus pandemic.
Paytm allows Vodafone Idea feature phone users to recharge using UPI
Paytm said it has partnered Vodafone Idea and National Payments Corporation of India (NPCI) to allow feature phone users to recharge their numbers using UPI.
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
VTA’s suggestion to MSME Minister Gadkari on GECL
Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]
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.
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.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
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
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.
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
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.
Lockdown Impact: As states lose revenue, here's why they turn to alcohol
Indian states have been wanting to lift ban on the sale of liquor since the implementation of lockdown in the country. The state governments have been running out of money to sustain their fight against novel coronavirus.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
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.
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
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...
Backup to Microsoft Azure with Veeam Direct Restore
Direct Restore to Microsoft Azure is included in the Veeam Backup and Replication solution and allows companies in East Africa to restore Veeam backups directly on their Azure platform in just two steps.
Twitter Adds ‘Misleading’ Warning To Donald Trump’s Tweets For The First Time
Twitter has marked two of Donald Trump’s Twitter posts as “potentially misleading.”
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.
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.
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.
Motorola On A Roll As Retailers & Carriers Take On New Models
It was a great US smartphone brand, that became the #1 brand in Australia, their hero was the Motorola Razr then it all fell apart because of a lack of competitive Android based products, that was until now.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
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.
A match made in heaven: How Vows for Eternity is redefining confidential matchmaking for global Indians
Headquartered in New York City with an established presence in Mumbai, Delhi, London and Dubai, Vows for Eternity is a global, confidential and personalised matrimonial search firm that brings life partners together based on mindsets, values and personalities
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Best of BS Opinion: India-China relations, the Covid curve, and more
Here is a summary of Business Standard opinion pieces for the day
Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million
Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.
ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion
It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.
Major markets in Sekondi-Takoradi to be closed over surge in coronavirus numbers
Major markets in the Sekondi-Takoradi metropolis are expected to be closed down today for disinfection due to the rise in COVID-19 numbers in the region.
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
Coronavirus pandemic | Maharashtra reports 105 COVID-19 deaths and 2,190 new cases
This is for the first time that Maharashtra has reported deaths in three digits, the official said, adding that they included 32 fatalities from Mumbai.
Google faces antitrust case in India over payments app
The complaint alleges the US tech giant more prominently showcases its Google Pay app inside its Android app store in India, giving it an unfair advantage over apps of competitors which hurts consumers, the source added.
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.
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
5 important things happening in South Africa today
Confusion after Health Department presentation says Covid-19 hotspots to remain at level 4; government is facing a slew of legal challenges over its lockdown rules; schools are now being targetted by criminals looking to steal personal protection equipment; and Ramaphosa lifts the ban on religious gatherings – with restrictions.
Big companies to get bigger after Covid: BofA Securities
The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.
Food prices in South Africa have spiked – particularly these items
Families in South Africa living on low incomes may be spending 30% more on food than they did two months ago, the Pietermaritzburg Economic Justice and Dignity Group (PEJDG) says.
Tesla to cut car prices in North America, China
The price cut comes as states after lockdowns during which demand for cars waned.
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?
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better
Existing health insurance plans offer far more features and benefits, but come with higher premiums
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Talk of agreement between Porto and PSG for Telles
Negotiations between Porto and Paris Saint Germain over Alex Telles have apparently been successful. The press atre reporting that the two clubs have agreed on a transfer fee of 25 million euros.
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.
Coronavirus pandemic | COVID-19 death toll in Delhi mounts to 303; highest spike of 792 cases
This is the first time in Delhi that over 700 COVID-19 cases have been reported in a day.
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.
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.
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.
Boeing slashes 12,000 jobs as coronavirus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
Used cars: Leasing companies will have to ‘work harder’
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
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.
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.
Redmi Display 1A pre-sale begins: 23.8-inch IPS monitor from Xiaomi with narrow bezels for just 599 yuan (US$84)
The Redmi Display 1A monitor from Xiaomi is now official and has been put up for pre-sale. Customers in China can reserve one of the external monitors for 100 yuan (US$14) deposit while the full price for the Redmi Display 1A is 599 yuan (US$84). The thinnest part of the display measures a tiny 7.3 mm.
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Apple fixes bug that stopped some iOS apps from opening
Apple has fixed a bug in its Family Sharing system that prevented some iOS and iPadOS apps from opening. The bug led to iOS users getting
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...
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.
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
Gartner: Global Device Shipments To Slip 13.6% in 2020
Gartner has forecast a 13.6% drop in global device shipments (including tablets, mobile phones and PCs) for 2020, warning the coronavirus pandemic could have throttled the industry more had work-from-home conditions not been enforced.
Ex-HTC Boss Plots Comeback With 5G VR Headset & New Platform
Tech entrepreneur and former boss of then-strong phone maker, HTC, has prepared a comeback to consumer electronics with a new 5G virtual reality (VR) headset and immersive online platform – three years in the works.
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.
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.
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.
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.
US company trials vaccine candidate in Aus
Canberra: A US biotechnology company began injecting a coronavirus vaccine candidate into people in Australia on Tuesday with hopes of releasing a proven vaccine this year.Novavax will inject 131 volunteers in the first phase of the trial testing the
The double price reduction that Juventus hope to achieve
Juventus have various deals going on at the moment. According to the Italian press, Juve want to sign Napoli attacker Arkadiusz Milik, and Lyon CM Houssem Ouar. However, they are reportedly working to achieve a price reduction for both of them.
How China’s tensions could be good for Hong Kong’s stock exchange
Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.
The amount Barca want for each player
Barcelona have got several footballers they would like to sell either to cash in on them or at least get a good replacement for them.
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.
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.
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.
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.
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
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.
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.
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...
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.
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
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.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?
The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
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.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
State hosts forums for businesses planning to reopen
State officials have planned a series of virtual forums this week for the owners and operators businesses that will be allowed to reopen next week as Rhode Island's economic restart continues.
Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%
Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.
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.
Morgan Stanley Tip Westfield Malls Best Set To Recover
Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19
Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
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.
COVID-19 here to stay till 2021, aggressive testing needed to curb its spread: Health experts
In an interaction with Congress leader Rahul Gandhi, health experts Professor Ashish Jha and Professor Johan Giesecke talked about the COVID-19 pandemic as part of the series being aired on Congress social media channels.
Data leak on UIF COVID-19 relief scheme website
The Unemployment Insurance Fund has made changes to the website for its Temporary Employer-Employee Relief Scheme after a security researcher reported a data leak.
Motorola Moto G Pro launched with 48 MP triple-camera setup and a Stylus: Everything you need to know
The Moto G Pro is priced at EUR 329 (Roughly Rs 27,300) and is only available in a 4GB RAM and 128GB storage model.
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
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
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
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
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
What you need to know about paying your Local Property Tax
The year 2020 is bringing a lot of changes for the Local Property Tax. Here's everything you need to know in simple terms.
Netflix sued by immigration detention center operators over use of logo in 'Messiah'
A private company that operates some U.S. prisons and detention centers is suing Netflix over the use of its logo in negative scenes depicting squalid conditions in immigrant detention centers on the show 'Messiah.'
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
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.
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.
Aston Villa boss Dean Smith's father Ron dies after contracting coronavirus
Villa manager Dean Smith’s father has died aged 79 after contracting coronavirus, the club has announced.
Coronavirus Impact: 72% consumers want to buy from locally sourced items going forward: Deloitte Consumer Tracker Report
Consumers are carefully evaluating needs versus wants of products and services making a shift towards less discretionary purchases
Instagram introduces ads and purchasable badges to IGTV that let creators share in revenue for first time
Ads as long as 15 seconds will start appearing on some IGTV videos next week for 200 English-speaking creators and will feature brands like Puma, Ikea, and Sephora according to The Verge.
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers
Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.
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.
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.
When is Amazon Prime Day 2020? Everything you need to know, including the new speculated date.
Amazon has not yet announced the official dates of Prime Day 2020, but reports say it has been pushed back to September. Here's everything we know.
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.
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
Newcastle ace looks set to leave for free as no new deal is offered
His agent has been speaking to several La Liga clubs
Police, army yields to Wike’s directive, remove barricade from Ikoku market
The Police and the Nigerian army have yielded to the directive of the Rivers State Governor, Nyesom Wike, on the opening of Ikoku spare parts market after about two months of shutdown.
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
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.
Small signs of normality returning to our town centres ahead of shops reopening
While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
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.
Primark's new rules for when stores reopen
Shops will be allowed to welcome back customers in England from June 15
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 »
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier
A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.
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
Gold Futures: Downside seen shallow
Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar
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
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.
EXCLUSIVE: Benny the Butcher on Rappers Going Broke Trying to Compete with Each Other
Part #17: Benny the Butcher on His Friend Ending Up in Wheelchair After Jewelry AmbushPart #1: Benny the Butcher: I Think Shady Regrets Not Signing...
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
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
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
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.
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
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
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
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.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
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
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
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
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
Shopify Will Remain an E-Commerce Powerhouse
Shopify is capitalizing on this shifting trend in e-commerce as people avoid brick-and-mortar stores. SHOP stock is a strong buy right now.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
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
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 […]
City springs back to life with almost all shops open
Managements are strictly following guidelines to prevent virus spread
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.
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
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 . . .
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.
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 . . .
Photos of crowds at Disney World’s shopping center show how difficult social distancing might be once the theme park reopens
Disney World is still temporarily closed, but that isn’t stopping die-hard fans from visiting the theme park’s recently-reopened shopping center.
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.
Ant McPartlin and ex wife Lisa Armstrong's dog wreaks havoc in her garden
Lisa Armstrong took to Instagram to reveal how Hurley, who she shares with ex Ant McPartlin, wrecked his brand new paddling pool
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
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
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?
Truecaller data for sale on dark web is from 2019 leak
A day after data of 4.75 crore Indian Truecaller users was found to have been offered up for sale on the dark web, Truecaller on Wednesday stated that the data seemed to be from a set leaked in May 20
What will downtown Kampala look like post-COVID?
The multitude of trucks, boda bodas, human traffic and bustling business that populated this part of Kampala were gone.
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
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
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.
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
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
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
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 ...
Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
Apple to reopen about 100 stores in US, most with curbside pickup
CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...
Canada Learning Code has a digital literacy goal amid the pandemic
The Canada Learning Code organization transition to online learning has motivated it to deliver 10 million learning experiences by 2027.
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.
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.
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
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.
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
‘Call taxis ready to install fiber glass partition and ply’
The association said about 25,000 drivers have been struggling to make ends meet owing to the lockdown.
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 ...
Walmart Goes Full-Throttle on Resale With ThredUp
As part of an ongoing mission for fashion dominance, Walmart enters resale.
Apple Is Reopening 100 Retail Stores in the United States
Apple will be reopening 100 stores in the United States, based on easing restriction and data on local COVID-19 spread.
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
‘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
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Sainsbury's massive sale starts today with clothes for £1
Sainsbury's up to 70% off sale launches across stores today with huge savings to be made
Informa Teams With NuOrder to Digitalize Trade Show Experience
The trade show operator and e-commerce platform will work to bring brands and retailers together.
Are new car sales about to boom?
According to Robert Gottliebsen, new car sales may be about to boom:
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.
Tesla to cut car prices in North America, China
BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Walmart teams with ThredUP to sell used clothing online
NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.
Augmented reality can improve online shopping, study finds
A recent survey found that online shoppers return 70% of the clothing they order, more than any other category of purchase. This has an indirect but real impact on the environment.
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.
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
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
Tesla cuts car prices by up to $5,000
Its prices in China are also being reduced.
Geely Chairman wants more cooperation with Daimler, report says
Geely Chairman Li Shufu looking to expand further with Daimler
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
China reports one new mainland COVID-19 case vs seven a day earlier
China reported 1 new confirmed coronavirus case in the mainland as of end-May 26, up from 7 a day earlier, the National Health Commission reported.
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.
Lengthy housing recovery
Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.
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.
Strict rules Primark fans will need to follow when stores reopen
Primark stores will look very different with changes to how customers shop and browse items
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.
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
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.
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
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.
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
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.
How To Change MAC Address Of Your Android Device
Check out how to Change MAC Address Of your Android Device. If you want to browse anonymously in android then you need to change MAC Address
GBP/USD: Focus on the strong resistance at 1.2360
GBP/USD Wednesday's four-hour chart is painting a bullish picture with clear resistance at 1.2360, as FXStreet’s analyst, Yohay Elam notes. UBS expect
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
Okinawa Oki100 motorcycle: another rebranded Chinese EV?
Okinawa has stated that its upcoming Oki100 motorcycle will be a fully localised product. Click here for all the details.
CBS Hit by Newest Round of ViacomCBS Layoffs
The cuts at the broadcast network come a month after similar actions at the company's cable properties.
Volkswagen in final talks to seal top M&A deal in China EV sector: Report
The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan