Economy 655
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
Forbes Strips Kylie Jenner of Billionaire Status for Inflating Size of Her Business
Forbes named Kylie Jenner a billionaire last year making her the younger entrepreneur with that distinction, however, the financial publication has...
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
Latest backstage update on Drew Gulak's WWE contract
It was reported earlier this week that Drew Gulak had re-signed with WWE.
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Williams considers selling F1 team after £13m loss
Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.
Ghana Have Factories: African Nation Bans Importation of Old Cars
Ghana has banned the importation of cars older than 10 years in a move designed to attract automotive plants. As a major importer of second-hand vehicles, the West African nation is largely dependent upon cars discarded by other nations. However, the country’s leadership wants it to become an automotive hub for at least a healthy chunk […]
At 6.1%, growth in per capita income slows: Explained in numbers
The growth in per capita income has been coming down for 3 years.
Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin
Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against
Renault staying in Formula One: Interim CEO
Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures ...
Samsung Exclusive Stores in India are Now Suraksha-Certified for COVID-19 Pandemic - Gizchina.com
Samsung has now undergone Suraksha training program for its Exclusive Stores in India. This means that all stores will follow safety and hygiene guidelines.
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
Chilean regulator approves Uber's purchase of Cornershop grocery app
SANTIAGO (Reuters) - Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.
ACT Fibernet hikes broadband rates in 8 Indian cities - here's why
The fiber-to-home internet service provider has announced that the hikes would range between 2 and 4% though in the case of select plans the upward revision could be higher.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
Crude has best month on record in May as prices surge 88 per cent
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
Tesla performance opens door to Elon Musk payday
Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.
Williams reveals it is for sale
Backmarker Formula 1 team Williams has admitted it may be sold.
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
F-35 Costs Drop for Building Jets But Rise for Operating Them
The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.
How Faster Disbursements Can Help Solve Patients’ Payment Pain Points
The Faster Healthcare Payments Report examines the how payment modernizations to accelerate patient disbursements help them afford healthcare's high costs.
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
BI sees rupiah strengthening to pre-pandemic level as it intervenes in market
BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.
This is the cost of Yaka if you owned an electric Tesla Model X in Uganda – Techjaja
Let's just assume all of a sudden you can afford to buy a fully electric car in this case, Tesla Model X, but what would be the cost of Yaka
Socso says received 302,997 applications for Wage Subsidy Programme
KUALA KUMPUR, May 29 — The Social Security Organisation (Socso) has received 302,997 applications from employers involving 1.98 million workers for the Wage Subsidy Programme (PSU) from April 1 until May 27. Socso’s chief executive officer Datuk Seri Mohammed Azman Aziz Mohammed in a statement...
Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain
Datsun brand will be withdrawing its operations from Russia
The secret life of discontinued apps
When a book goes out of print the publishers don't pop round and remove old copies from your shelves. Similarly, when an app is discontinued it can be taken off the app stores but continues to linger on users' devices.
Why this road along Vaseux Lake was a popular spot for early photographs
The Vaseux Lake bluffs provided lots of camera fodder for pioneer motorists.The large outcropping with a corner blasted out along the edge of Vaseux Lake mu
The £45 'it' dress you've probably never heard of! Striped frock by Seasalt sparks eBay bidding wars that drive prices up by 350% - as shoppers praise the 'comfortable' summer style
Cornwall-based brand SeaSalt has found itself at the centre of bidding wars on eBay. A Mumsnet user revealed she had been outbid on the £45 Mill Pool dress on several occasions.
Plunging sales force Nissan to leave Korea
SEOUL, May 29 (UPI) -- Japanese automaker Nissan Motor announced Thursday that it plans to pull out from South Korea at the end of 2020, 16 years after it entered the country in 2004.
Google Chrome makes it a whole lot easier to remove URL suggestions
Google Chrome's latest release, v83, is rolling out now and makes it much easier for users to delete URL suggestions that they don't want.
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Vodafone Idea stock jumps 35% on report of possible stake sale to Google
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
5 Must-Know Investing Rules for Newbies
Ready to step up your wealth game and start investing? Read this first.
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue
Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue
2 Stocks I'll Hold Forever
These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.
David Price's $1,000 pledge to Dodgers minor leaguers points to bigger MLB issue
David Price is reportedly sending minor leaguers in the Dodgers system $1,000 in the month of June, but that shouldn't be his responsibility.
Standard Chartered is seeking a fintech partner to launch a savings product in Kenya
Standard Chartered plans to roll out a savings product for its Kenyan retail customers and is looking to partner with a fintech on the new product.
How This Week Highlights the Challenges Facing General Electric Stock
GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.
Better Buy: Zoom Video Communications vs. Microsoft
Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?
3 Natural Gas Stocks for a Cleaner Future
Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.
Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT
Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
LG Display asked to step up production as iPad demand ‘surged’ in Asia
While sales of Apple's tablet in China may have suffered in the first quarter of the year, a report today says that iPad demand has surged in Asia since ...
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO
AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
Elon Musk Awarded $800 Million For Doing His Job
Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...
Slim Vaccine Chances Make iBio Stock Too Speculative Here
Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.
J. C. Penney Goes Bankrupt With No Recovery For Shareholders
J. C. Penney filed for bankruptcy and its restructuring support agreement includes no recovery for shareholders. It plans to split into a REIT and an operating
Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China
Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading
TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”
Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can
Outlook & trading strategies for Silver, crude oil by Tradebulls Securities
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
Costa Group CEO Harry Debney to bow out
After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
NZ FinMin Robertson: Economy is opening up and improving
New Zealand’s (NZ) Finance Minister Grant Robertson came out on the wires on Friday, via Reuters, noting that the economy is opening up and improving.
Green Dot To Launch Mobile Banking For US Immigrants
Welcome Technologies is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services.
Google Rescinds Offers To Thousands of Contract Workers
Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...
Nissan Shares Fall as Turnaround Spending Leads to Massive Loss
Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
Tesla CEO Elon Musk gets $700 million in first performance-based payout
Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
Barcelona’s biggest transfer of this summer falls in place
Barcelona target, Lautaro Martinez, will not be sold says Inter director. Inter Milan's Sporting Director has no intention of letting their most important ...
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores
The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Ardagh to repay debt as it raises $715m in bond sale
Glass and metal container group led by Paul Coulsen operates facilities in 12 countries
US Dollar Index drops to 2-month lows near 98.20 ahead of Trump
The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2
How automated communications can enhance customer engagement & brand loyalty [Sponsored]
Technology can drive dynamic content campaigns, at scale, while marketers embrace a more strategic role. Marketers have long since identified the importance of strategic...
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
EUR/USD: The trend is positive but a setback is on the cards
Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-
RBI imposes Rs 4 crore penalty on Citibank; here’s why
The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.
Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals
The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi
Kylie Jenner Responds To Forbes’ Claims That She Lied Her Way To Billionaire Status
After Forbes magazine announced that they were removing Kylie Jenner from their list of billionaires and stripped her of the title “World’s
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
Forbes Magazine Has Revoked Kylie Jenner’s Billionaire Status And Accused Her Of Lying
She's only worth a paltry $900 million.
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding
The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
Tesla's EV Market Share Is Low And Falling
What have you, the investor, assumed for Tesla’s EV market share? Both globally, and in Europe? You are about to find out the real numbers. Investors who are sh
Infiniti Reinvents The Dealer Experience
Across the country, plenty of car dealerships are beginning to reopen their doors to shoppers, often seeing...
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
US approves sale of 84 Patriot missiles to Kuwait
The United States said Thursday it has approved the sale of 84 of the most recent generation of Patriot missiles to Kuwait, plus equipment to modernize the country's antimissile program, for a total of $1.425 billion.
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
Volkswagen looking to buy 50% of JAC's parent company
The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company
National Backs Businesses With $10k JobStart
National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced.
New entry-level Golf revealed with 1.0-litre petrol engine
The change brings the entry price down to £23,300.
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Distressed retailer Party City seeks to cut debt with bond deal
Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report
Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo
Chesterfield radio station name to disappear as owner makes big changes
Bauer Media has said there may be job losses
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
Furious Niger Gov revokes road contract - The Nation Nigeria
Niger Governor Abubakar Sani-Bello has ordered revocation of a road project by Jajove Solutions Services(JSS) in Suleja.He accused the...
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Apple begins selling refurbished iPhone XRs
Apple has started selling refurbished versions of its iPhone XR, MacRumors has reported. Prices start at $499 for the 64GB model, giving you a factory-renewed phone with a one year warranty, box and cables for $100 off the price for a brand new model.
New entry-level Golf revealed with 1.0-litre petrol engine
The change brings the entry price down to £23,300.
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
VAUGHAN, Ont. — CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its greenhouse in Niagara and that it will immediately restart operations.
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
Should You Invest in Companies Likely to Benefit from the Great Lockdown?
Is this a recipe for disaster, or could you beat the market by aiming to predict the future?
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
What does Tesla slashing car prices really mean for the company?
Sales of all autos, generally, tanked in the last two months
New survey data reveals that nearly half of patients are forgoing care amid the pandemic
A Kaiser Family Foundation poll revealed that 48% of US patients have either deferred or skipped medical care as a result of the pandemic.
Clean energy is outperforming fossil fuels in America, UK and Europe
Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.
The future of Indian retail post-Covid
After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
Xiaomi and Samsung receive Suraksha certification in India; stores to reopen
As companies slowly look to resume operations with their stores, here’s what shopping in “the new normal” will be like.
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
John Lewis is giving customers a £100 gift card with selected electrical purchases
The offer is available to new and existing John Lewis members until June 9
Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet
Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.
June 2020 week one fuel price – RON 95 goes up to RM1.43, RON 97 to RM1.73, diesel up 10 sen to RM1.61
Another Friday, which means its time for the regular weekly fuel price update. Not so pleasant news yet again for motorists as fuel prices continue on an
Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser
The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.
Volkswagen says next-gen Amarok will be 'adapted' from new Ford Ranger
Volkswagen says it will create the second-generation Amarok by “adapting” Ford’s upcoming new Ranger bakkie.
Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco
Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.
Formula One: Williams considering selling team after suffering over $15 million in losses
After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.
Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz's Statement That He's 'Stepping Down'
From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we've sha...
Writing Puts For Income With Downside Protection
Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Foreign returnee, another test positive in Mysuru
A foreign returnee and an inter-State traveller tested positive to COVID-19 in Mysuru on Friday.This is the first case of an international traveller contracting the disease on return to Mysuru.The 28-
MDEC: Online business set to stay post-Covid-19
KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...
Market LIVE: Sensex ends 600 pts up from day’s low, Nifty settles at 9,568; HDFC, ITC among top contributors
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 turned positive in the late afternoon deals on Friday. Nifty 50 index reclaimed 9,500-mark to trade at 9,521
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
Razer Has Some Doraemon-Themed Peripherals Coming Up
Razer has had a few Pokemon collaborations that are exclusive to the Chinese market. It looks like the gaming peripheral brand has also worked on some
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
Northern Trust Enters Strategic Alliance with BlackRock
Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .
CannTrust back in business
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
Huawei edges ahead of Apple’s iPad in the falling Chinese tablet market
The Chinese tablet market has been seeing a decline overall during the first quarter of 2020. But despite the slump in the market, the Chinese vendor, Huawei has managed to edge ahead of Apple’s iPad in the same segment. Earlier this year, the Coronavirus pandemic had initially broken out in China. This caused various complications …
Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why
Bitcoin has been on an impressive rally over the past two months.
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.
Nearly 1.5m payment holidays handed out by banks and lenders
UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.
Crude oil prices fall but remains set for biggest monthly gain in years
US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.
Private buses in Mangaluru to introduce Chalo Card
It gives passengers an option to pay travel fares through smart card
When haircut burns a hole in your pocket
Salons in city jack up prices post-lockdown
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Costco to bring back free samples – but it’s not going to be like it was
Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
‘Handover used masks separately to conservancy workers’
Residents urged to use eco-friendly cloth masks instead of disposable ones
School Sets Up Virtual Class To Help SMEs
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11
MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Sotheby's to sell US$60M Bacon painting in virtual auction
The auctioneer will be in an empty room in London, facing a bank of screens showing colleagues from around the world as they bid on behalf of clients remotely.
U.S. Treasury unveils rules for carbon capture tax credits
WASHINGTON (Reuters) - The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.
Twitter says CEO Dorsey informed in advance of decision to tag Trump tweet
Twitter CEO Jack Dorsey was informed in advance by the company's staff of a decision to tag a tweet by President Donald Trump as "glorifying ...
Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada
Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.
Downtown shows resiliency
Coming off record attendance at public events in 2019, the Downtown Vernon Association has faced unexpected challenges – as has the rest of the world – in 2020.
Gigabyte Unveils Pricing For Its AMD B550 Motherboards – Options Range From $99 To $279 For AMD’s Ryzen CPUs
A Gigabyte community manager on Reddit posted a sheet with all of the pricing of the AMD B550 motherboards ranging from $99 to $279.
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
Coronavirus | Koyambedu cluster happened despite precautions, Madras High Court told
‘CMDA distributed masks and disinfected premises daily’
276 stranded sailors return home
NT NETWORK Vasco A special repatriation flight from Rome in Italy brought 276 stranded Indian seafarers to Goa in the wee hours of Friday. According to
What We Are Buying Today: Mishkat
Mishkat is a Saudi fashion brand concept that champions modesty and self respect. It offers modern, creative designs that are locally inspired and give off a vibe of elegance mixed with simplicity and trendiness.
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
How the pandemic will shape the fashion world
A total of 61 per cent Indians reported less time shopping online in the wake of the current crisis, while 43 per cent of Indians have delayed purchasing clothes in the outbreak, says a report
Coronavirus: Technopath offers employers not-for-profit antibody tests
Tipperary firm sees confidence in testing as crucial to getting staff back to work
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
Amazon Doesn't See Demand Slowing Anytime Soon
It still has capacity constraints in its warehouses.
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
Stripped of billionaire status
Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank
The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Verizon 5G Rollout Is Ahead Of Schedule, Good Luck Finding It Though
Verizon CTO, Kyle Malady said that it is actually early with its 5G rollout, that is despite the changes that the company (and the world) had to endure.
Crisis growing as GDP data signals weakening demand, growth impulses
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount
Nick Vile Joins Executive Leadership Team Under Realignment To Promote More Seamless Delivery
oOh!media today announced that Nick Vile, General Manager of its New Zealand operations, has been elevated to the company’s Executive Leadership Team (ELT) as part of a realignment to promote greater cohesion and integration across the business.
Samsung Exclusive Stores in India are now certified for safety by Suraksha
Every Samsung Exclusive Store in India is now Suraksha-certified to ensure consumer safety during the COVID-19 pandemic. Suraksha (meaning 'protection' in Hindi) is a public private initiative that a
Salesforce Writes Off $25 Million as it Abandons Offices
Salesforce adds that cancelling physical events this fiscal year in favor of virtual experiences cost it $65 million. Salesforce offices meanwhile..
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
USD/CAD rebounds from multi-month lows, trades above 1.3770
The USD/CAD pair dropped to its lowest level since early March at 1.3713 during the early trading hours of the American before staging a decisive reco
Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade
Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Real-time payments are seeing rapid uptake during the pandemic
The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.
Lockdown effect: Core sector output crashes record 38.1% in April
Infra segment hurt the most as cement and steel output tank by more than 80 per cent
Could First Solar Be a Millionaire-Maker Stock?
It's a great company, but is it a great stock?
Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock
An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.
Death Stranding Was a Sales Success, Recent Kojima Project 'Fell Through'
Laughs off Silent Hills rumours
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Enterprise became America's largest car rental by hiring 'amiable jocks' straight out of college, and it might help it survive the car rental apocalypse
As other car rental companies begin to bite the dust, Enterprise's unique hiring strategy may allow it navigate unprecedented challenges facing the industry.
Volkswagen invests US$2.2b in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...
Hotels report 82% drop in occupancy; recovery unlikely before September
The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
How to copy iPhone contacts to a PC
Need to transfer your iPhone contacts to your PC for a backup or to import them to Gmail or Outlook? Here's how to do it for free, without iTunes.
The best deals to expect during Amazon Prime Day 2020
Prime Day 2020 is reportedly coming up in September. Here's how to prepare and what types of deals to expect during Amazon's biggest shopping event.
You Can Immediately Save $50 on Apple’s Latest iPad, Pay Just $279
Apple's latest seventh-generation iPad is currently seeing a $50 discount, which means you can pick it up for just $279.
THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market
This report looks at the state of online grocery adoption before the shopping method became vital to many consumers amid the pandemic.
Selling My Uber To Get More Uber
A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
British American Tobacco contests South African lockdown ban
British American Tobacco South Africa says a continued ban on legal cigarette sales threatens the sector and the livelihoods it supports
Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?
From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.
Auto index outperforms benchmark Sensex for second straight month
In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)
Renault to restructure factories, confirms 15,000 job cuts
News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Non-essential shops to reopen: What shops will it include and when will it happen?
The government has unveiled a full list of the shops which will be allowed to reopen in England under new guidelines from 15 June. The measures are part of the second phase in Boris Johnson’s roadmap
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
Meeting planned: Chelsea and Juventus could consider various swap deal options aside for €40m star
Number of potential deals on agenda...
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
Strict safety measures in place for staff and shoppers: Supermarkets
Supermarkets and wet markets have emerged as potential hot spots in the effort to curb the spread of Covid-19 as several people who tested positive for the virus over the past week had visited these places for 30 minutes or more, according to the authorities. The Ministry...
Mitron app crosses 5mn downloads despite ambiguity around privacy, security
Growing criticism for TikTok over violent content on the platform paves way for the Mitron app to shot into spotlight as an Indian alternative to the Chinese app
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD
Appoints French IT services firm's COO Thierry Delaporte for its top post
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
Gold: Strongly rejected at $1727.37
The trend on the hourly chart below is still firmly down. This current wave higher could be the next lower high and there could be some signs of a rej
SMEs need a tech upgrade to survive in the Covid-19 economy
Promoted | Strict lockdown restrictions and social distancing measures aimed at curbing the spread of the novel coronavirus (Covid-19) shut down businesses and limited human movement.
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
VW spending $2.2B to expand in China’s electric car market
Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
Road User Charges from 1 July 2020 - NZ Post
The Government has recently announced changes to the Road User Charges (RUC), which will take effect from 1 July 2020. See the Ministry of Transport website for more information.
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
Learning From The Ups And Downs Of The Stock Market
Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
First Horizon National: A 6.5% Yield Your Portfolio Should Have
First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo
ICSI to conduct online classes for CSEET aspirants
The online classes will begin from June 1. The CS Executive exam will now be held on July 17
SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic
SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Core sector output contracts 38% in April owing to stalled economic activity
In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.
Fashion Label Issues Apology After Maanvi Gagroo Slams Them For Fat-Shaming & Using Her Pictures Without Permission
The fashion label has also removed the advertisement which promoted fat-shaming. Maanvi had lashed out at them for using her picture in the advert without her permission.
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
Priority to Chennai returnees for test: APC
Agriculture Production Commissioner (APC), Y Kikheto Sema, who is also the over all in-charge of Dimapur district for COVID-19 related activities, Friday said that priority for swab test would be given to Chennai returnees.
Go Outdoors to reopen Shrewsbury and Wolverhampton stores
The Go Outdoors stores in Wolverhampton, Kidderminster and Shrewsbury will reopen on Saturday.
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
BharatPe’s card-accepting machinewith zero MDR may go live in June
Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
AUD/USD trades at fresh session highs near 0.6660 ahead of key US data
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
The UK's biggest building society says struggling applicants should be flagged to lenders.
Got $3,000? Here Are 3 Great Biotech Stocks to Buy Right Now
One big biotech and two small biotechs especially stand out as attractive picks.
Pakistan drug firm to import potential COVID-19 treatment from Bangladesh
KARACHI, Pakistan (Reuters) - A pharmaceutical company in Pakistan plans to import the antiviral drug remdesivir, which has shown promise in treating coronavirus patients, from neighbouring Bangladesh, it said in a stock exchange filing on Friday.
ByteDance plans to shift its power center from China - Gizchina.com
ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C
You can now get a delivery even if supermarkets have no slots free
The service allows you to get someone else to do your shopping and bring it to your house
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot
Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.
Tesla solves Model Y frozen door handles and charging port with simple trick
It is evident that the Tesla Model Y was designed to be competitive in areas where winter performance is invaluable. This is one of the reasons why the all-electric crossover is the first in Tesla’s lineup to receive a heat pump instead of a resistive heating system, and why the vehicle is designed in such […]
Magic Leap CEO to step down
Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...
Williams set to sell Formula One team following financial losses
Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...
RBI imposes monetary penalty on 4 banks
The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat
Main Street’s Pandemic-Led Shift To Digital Innovation
With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
Save $300 on 13-inch MacBook Pro, plus Apple’s Magic Keyboards on sale, more in today’s best deals
Apple's previous-generation 13-inch MacBook Pro is $300 off in today's best deals. You can also save on Apple's various Magic Keyboards and Eve accessories.
Listen to Night Shop's New Song with Allison Crutchfield and Jarvis Taveniere
Night Shop, the solo project of Justin Sullivan (Kevin Morby, Flat Worms), has a new song
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
Burger King in Pride Park opens for drive-thru customers
A limited menu is on offer
Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford
Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company
Google Pay now allows you to find nearby essential stores; here’s how
Here's how you can get to know which store is open near you via the Google Pay app.
Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic
In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
Save 15% On Select Office Furniture To Outfit Your New Home Office
Amazon is currently hosting an office furniture sale, since we are all working from home now and looking to make a new home office. And in this sale you
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
Pandemic pain: Output of 8 core sectors contracts 38.1% in April
As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,
Coronavirus Update: How COVID-19 Reforms the Mobility Industry
The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
MCMC warns businesses not to misuse personal data collected for Covid-19 contact tracing
KUALA LUMPUR, May 29 — All business premises allowed to operate during the Conditional movement control order (CMCO) must comply fully with the operating procedures with regards to the collection, processing and storing of personal data, as set by the Communications and Multimedia Ministry...
EUR/GBP retreats from two-month highs, returns below 0.9000
The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Libertex Parent Pays €160,000 to Settle Violations with CySEC
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
The Witcher 3 Redux Version 2.8 Redesigns Alchemy Skills and More
A new version of The Witcher 3 Redux mod has been released online, introducing new changes, improved visual effects and more
Q4 GDP reveals a sorry picture even before the onset of lockdown
With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
Forbes removes Kylie Jenner from billionaires list
Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
Crude has best month
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Key Russian air cargo customer sues Boeing over widebodies, highlighting how coronavirus shifted market
The legal complaint has a weird twist: Russian cargo carrier Volga-Dnepr alleges that it has a binding contract to take four widebody aircraft worth more than $600 million at standard...
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
Report: Dodgers P Price gives $1K apiece to team's minor leaguers
Los Angeles Dodgers pitcher David Price will gift $1,000 to each of the players in the team’s minor-league system, MLB writer Francys Romero reported.
Managed money betting on big crops
A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
The release of private motorists breathes life into the fuel industry
Fuel station proprietors countrywide have got smiles on their faces following the resumption of private cars on the road.
The best deals we found this week: AirPods Pro, Fire TV Cube and more
The best deals from this week include AirPods Pro for $228, Amazon's Fire TV Cube for $100 and $70 off a Google Nest WiFi two-pack.
The Best Kids' Shoes: Sandals, Sneakers and More Styles
Shop comfortable (and adorable) shoes your kids will love to rock.
Kylie Jenner Hits Back at Forbes Taking Away Her Billionaire Title: 'I Thought This Was a Reputable Site'
She particularly took issue with their claims she likely forged her tax returns.
Is Microsoft Stock About to Go Into a Lengthy Stall?
Microsoft trades at 30 times forward earnings. Some believe Microsoft stock is overvalued and about to go into a lengthy stall.
Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%
The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
Kylie Jenner fires back at Forbes after claim she lied to gain billionaire status
Kylie Jenner has fired back at Forbes for claiming she forged documents and over exaggerated her business to attain the billionaire status, saying she is not a billionaire. Kylie bashed the most explosive claim in the
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open
Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.
OnePlus Drops Bombshell That Cheaper Phones Will Sell More Units
Since OnePlus made its smartphone debut with the OnePlus One in 2014, the price of the company's handsets has been creeping up, but CEO Pete Lau says he wants the company to make affordable phones again, while branching out to make other devices.
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
The Week In Payments: How Businesses Can Navigate The Road To Recovery
In this week's payment news: Could voice authentication, digital banking and alternate payment terms help businesses meet the current challenges?
Williams considers selling F1 team after £13 million loss
Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why
While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.
Xiaomi hints at Mi branded laptops for India, takes on Dell, HP and Asus in a new teaser
In a hint that Xiaomi is all set to enter the laptops market in India, the company has now shared a new teaser that directly targets competing brands such as Acer, Dell and Lenovo.
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
KLStep is DBKL’s web-based contact tracing tool similar to SELangkah
While we’ve previously reported of Selangor introducing SELangkah, a contact tracing tool that uses QR codes, Kuala Lumpur mayor Datuk Nor Hisham Ahmad Dahlan is encouraging business premises to use KLStep. The web-based solution works similarly to the previously mentioned SELangkah, as it also uses QR codes as a contact tracing tool.
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
Afterpay says it 'rejects' the notion of performing credit checks on its customers. Here's why their arguments don't add up.
Afterpay has gone out on the defensive yet again, as calls for it to be brought into line persist.
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
Stocks to watch: RIL, Voda Idea, Wipro, Voltas, YES Bank, Cadila Healthcare
Here's a look at the top stocks that may remain in focus today
More central banks eye yield curve control. How does Japan's work?
TOKYO — The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs - memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a ...
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air ...
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Niti Aayog suggests slew of steps to make India’s exports competitive
The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.
New comprehensive I-T form to come in handy for taxman
Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.
The Ford-Volkswagen Pickup Truck Is Right Around The Corner
Two of the world's automotive giants, Ford and Volkswagen, are more commonly known for battling it out on t...
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
Many Choosing Not To Take Vacations This Summer
A new survey published by PRNewswire indicates a large percentage of us plan on keeping our noses to the grindstone all summer long.
Fairfax Financial Holdings left behind amid market rebound
Fairfax is trading at a major discount on TSX as it struggles to recover from COVID-19 impact
Yes Bank launches overdraft facility on FDs
Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.
Coinbase Introduces Tezos (XTZ) Staking to Earn Rewards by Passively Holding Crypto on the Exchange in the UK, certain EU Countries
San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets.
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here
Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.
Taman Jurong Shopping Centre's NTUC FairPrice among places visited by COVID-19 cases while infectious
SINGAPORE: The NTUC FairPrice supermarket at Taman Jurong Shopping Centre was on Friday (May 29) added to a list of public places visited by ...
All-Star pitcher David Price giving Dodgers minor leaguers $1K amid pandemic
May 29 (UPI) -- Los Angeles Dodgers pitcher David Price is donating funds to each minor league player in the organization to help the individuals stay afloat amid the coronavirus pandemic.
Bangladesh becomes 60th nation to receive IMF pandemic aid
The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia
After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
Govt is looking at starting home delivery of petrol, CNG: Pradhan
Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
Reuters: Wizz Air expands with new bases in Italy, Cyprus, Ukraine and Albania
Eleven new aircraft will be deployed at the new bases and there will be 50 new routes.
Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS
Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.
Kylie Jenner Slammed Forbes' Claims She Lied About Her Billionaire Status
Kylie Jenner's billionaire status has long been fraught with controversy, but Forbes' latest article may have started a brand new debate about her net worth. After the magazine published a piece examining the reality star's financial status, Kylie…
Bradley Beal shares interesting story about nearly being traded for James Harden
Bradley Beal has been the Wizards’ unquestioned leader with John Wall sidelined, but it’s crazy to think that he may not have even been on the team in the first place. Beal and Wall hav…
Counterpoint states that Flagship Killer trend is here to stay - Gizchina.com
According to the latest research made by Counterpoint, flagship killer smartphones have became quite popular in South-Korea and worldwide.
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Standard Chartered Completes First Impact-Focused Subscription Finance Facility
Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it comple
A Frito-Lay exec explains why your favorite Doritos and Lay's flavors might be missing from stores since the pandemic hit
Frito-Lay, which is responsible for brands like Tostitos, Doritos, and Cheetos, had to reduce assortment of its flavors at the start of the pandemic.
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
Flour prices raised by Flour Mills Association
The price of a 20 kg bag of flour has been increased by Rs 120
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
CoinMarketCap Revamps Pairs Ranking to Chase Inflated Volumes
CoinMarketCap.com has unveiled a new ranking system for all trading pairs listed on the industry’s go-to aggregator of cryptocurrency data
Drybar CEO John Heffner to Join Summer Fridays
John Heffner has been with Drybar since 2013, and will transition to lead skin-care brand Summer Fridays in June.
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders
Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings
A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
5 important things happening in South Africa today
If you get mingled up in the criminality of illegal cigarettes, the law must take its course, says Dlamini-Zuma; the Eastern Cape is facing a massive coronovirus problem; and the tourism industry is on its knees, lobbying government to open up at level 3.
Donald Trump Signs Executive Order Aimed At Twitter After It Flagged His Tweets
“There’s nothing I’d rather do than get rid of my whole Twitter account.”
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
Magic Leap CEO Rony Abovitz to step down
Magic Leap is not yet naming a replacement.
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
UK property firm Rightmove sees record website views as market picks up
UK property firm Rightmove sees record website views as market picks up
SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses
The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
Govt U-turns on royalties non-deductibility
THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.
Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.
GDP numbers: Data collection affected due to COVID-19 outbreak, says government
The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.
Magic Leap CEO Rony Abovitz is stepping down
Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.
Japan Might Be Subsidizing Your Travels When The Crisis Passes Over
Japan’s tourism numbers in April 2020 were reportedly 99.9% lower than those in April 2019.
Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens
The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June
Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
The American Workplace Is Reopening. Are Employers Ready?
Ready or not, American workplaces are revving into action. Battered by the economic costs of the lockdown, governors are easing closure orders and allowing businesses to reopen. But what will the post-pandemic office look like?
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
FMG appoints Claire Owens as new managing director
Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.
Silver Price Analysis: Struggles to gather upside traction despite diamond breakout
Silver is currently trading near $17.41 per ounce, representing a 0.21% gain on the day, having faced rejection near $17.50 on Thursday. The metal wit
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.
Honor 30 family hits Russia - its first market after China
The Honor 30 Pro+ and Honor 30 are up for pre-order, Honor 30 Pro is missing.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
New York's Cuomo says businesses can turn away people not wearing masks
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear ...
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
Travel disruptions, cost cutting key issues for U.S. business in China: report
Travel disruptions, cost cutting key issues for U.S. business in China: report
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
Amazon Prime Is Giving Away Over $100 Worth Of Video Games In June 2020
Download US$112 worth of raved-about games in June.
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
Should You Pick Ameren Over NextEra?
he stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 105% since the beginning of 2017, driven by the company’s fast-growing renewable energy business. In comparison, Ameren, a regulated utility that operates in Illinois and Missouri...
Watch: Filmmaker David Lynch’s Weird, Jittery Pregnancy Test Ad From 1997
David Lynch used to dabble in advertising, too.
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Capitec sends out Covid-19 warning
Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200
Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
Buy Federal Bank; target of Rs 54: Emkay Global Financial
Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.
Coronavirus pandemic | 2,682 new coronavirus cases in Maharashtra, 116 deaths; 8,381 recover
It took the total number of cases in the state to 62,228, death toll due to the pandemic so far to 2,098 while the number of recoverd patients jumped to 26,998, said a health official here.
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.
Dell Hit By Coronavirus But Wins Millions In Govt Deals
SYDNEY: In its third year in a row, Dell Australia has posted a drop in profits. This year the company posted an after-tax profit of just over AU$31 million for the financial period ended January 31, 2020, slightly down from the $33.6 million recorded in 2019.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
Joseph Capriati reveals new album 'Metamorfosi' on his Redimension label
'Metamorfosi' will be released on September 4
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Creating Value Through Digital Transformation
Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
RBI imposes Rs 4 crore penalty on Citibank
In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.
NZTA negotiating on new cost of Transmission Gully – paying advance of $14m
News from NZTA Waka Kotahi the NZ Transport Agency is making an advance payment to the builder of the Transmission Gully project to reflect the costs of the Covid-19 work shutdown.
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
Buy Coal India; target of Rs 264: ICICI Securities
ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
Nearly half of Apple retail stores now open globally
Apple has managed to reopen nearly 256 retail stores out of more than 500 worldwide, as it aims to safely restart operations.
TikTok's rival Mitron app not made in India, bought for Rs 2,500 from Pakistani company: Report
It had earlier been reported that the Mitron App, which has clocked over 5 million downloads on Google Play Store, was developed by a student of IIT Roorkee and that it works exactly like its Chinese rival TikTok.
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Mahangu to yield surplus
LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961
108 jobs on line in Tower proposal
Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
NBA targets late July date for season return: report
The NBA has a tentative location for when the season returns, and a report Friday indicated the league now has a target return date, as well.
Bearded dragon found in supermarket car park
Shoppers were surprised to see the lizard after it stationed itself outside a Lidl store in Cardiff
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
Every day ke payday for Daily Lotto players
The jackpot prize in the Daily Lotto draw rolled down to the next level with 41 players winning R1 564 by matching four numbers.
Zynn is a TikTok clone that climbed the App Store ranks by paying users to watch videos
Zynn is a TikTok clone from a major competitor out of China, which pays users to watch videos, and has climbed in popularity in the App Store.
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Pedestrian plaza at Pondy Bazaar opens up sans the bustle
Shopkeepers ready with precautions but customers few and far between
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
UPS adds 'peak' surcharge amid coronavirus-fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...
LATAM's bankruptcy filing to delay its Brazil bailout to at least July: sources
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its ...
Indian IT eyes captives as global companies rejig operations
Global companies look to outsource work to large services firms to offset demand slowdown.
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
OnePlus 8 goes on special limited sale today: Price, specifications and features
The OnePlus 8 will be available via Amazon and OnePlus' website during the special limited sale today. Here's all you need to know.
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain
Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis
In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con
Fears for several fashion stores after PAS Group enters voluntary administration
PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…
Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic
Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil
Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
RBI imposes Rs 4 crore penalty on Citibank
India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
Virgin Media Stores Set to Stay Shut for Good Post-Lockdown
The coronavirus pandemic has seen UK high streets shut down completely, but as the lockdown measures ease up and non-essential stores get ready to open, Virgin Media has announced that it won't be reopening its door - ever again.
Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns
Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and
Sebi warns TCS over disclosure of material information to investors
Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors
Bithera to Launch Cryptocurrency Exchange and Start BHC Staking Program on May 30th, 2020
With the rapid growth of Bitcoin and thousands of other digital currencies, in just over 10 years, cryptocurrency has become a “fever” that attracts many technology engineers and investors worldwide. It only takes one opportunity of owning some virtual currencies such as Bitcoin, ETH, XRP, BNB, etc. for your assets to increase unlimitedly to thousands, even millions of times.
How To Transfer Data From Android To iPhone SE (2020)
A secondhand iPhone 8 costs around $300, while at the same price, you can get a brand new Android phone with more advanced specs. This is one of the reasons
Inside Kylie Jenner's quest to become a 'fake billionaire' - orchestrated by momager Kris
Kylie Jenner has been outed as a 'fake billionaire' by Forbes magazine, the very publication that declared her 'the world's youngest self-made billionaire
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
Alfa Romeo to cover finance payments on new cars if you lose job due to coronavirus
The car manufacturer has become the first in the UK to cover finance payments for owners of new vehicles for up to seven months at no cost to the driver if they lose their job due to Covid-19
Over 150 Maharashtra Returnees Among 178 New Cases In Karnataka, State’s Covid-19 Tally Rises To 2,711
Among the Covid-19 cases in the state, 1,793 are active, 869 discharges and 47 deaths.
How To Trade In Used iPhone To iPhone SE
A long-rumored iPhone SE second generation is finally here. If you are one of those who were waiting for this to happen, you must be ready to upgrade your iPhone
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
How To Enable Bold Text On iPhone 11 And Change The Font Size
If you feel that the text on your new iPhone 11 is too small, you can change its font size. You can also enable the bold text to make your
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove
Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each
Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again
Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.
Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End
The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.
Why Aurora Cannabis Stock Dropped 10% This Morning
Investors seem uncertain that a relatively big bet on CBD oil will pay off.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Coronavirus: What help are self-employed getting from government?
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
India urges for wider information sharing under tax treaties within BRICS
The tax heads of other BRICS nations shared the measures taken by their respective tax administrations and their thoughts on other agenda items like tax challenges posed by digitalisation and exchange of information.
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
CBA says crisis reinforces its X15 mission to create new start-ups
CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement: Report
More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-bo
Best of BS Opinion: Diversity in boardrooms, earnings drought, and more
Here is a summary of Business Standard opinion pieces for the day
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11
EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance
RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures
The coronavirus has had a massive impact on Australian businesses.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
Simon & Schuster names Jonathan Karp as new CEO
He replaces Carolyn Reidy, who died two weeks ago.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
Jimmy Haslam Reportedly Took A Shot At Jerry Jones
Cleveland Browns owner Jimmy Haslam saw an opportunity during a recent NFL owner's meeting to take a jab at Jerry…
Binance USD (BUSD) Stablecoin Added to KyberSwap Exchange and other dApps based on Kyber Network
BUSD (Binance USD), a stablecoin pegged 1:1 with the US dollar, will be accessible via the KyberSwap exchange and other decentralized applications (dApps) and p
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
Valuable Treasure: Cute Golden Retriever Puppy Snatches Roll of Toilet Paper
In the past months, toilet paper, or rather the lack thereof in shops, has made headlines across the globe, prompting a barrage of memes about it. Looks like our pets...
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
Google considering taking stake in Vodafone Idea: Report
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
If you injure yourself working from home, is your employer responsible?
Laws governing safety at work apply to all workplaces, no matter where they are
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
Everything shoppers will be banned from doing when stores reopen
Rules and restrictions will be in place for stores and shoppers
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
OnePlus 8 5G special sale in India at 12 PM today
The OnePlus 8 series of flagship phones were made official in April. While the OnePlus 8 5G and OnePlus 8 Pro 5G have been available for purchase in some markets across the globe, India is one of the major regions where the sales of these phones have not started yet. The Chinese firm had planned …
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
Datalogic Makes Investment in AWM Smart Shelf
The deal positions Datalogic for growth into new technology areas.
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
Are low-interest rates making you jittery? Consider P2P lending
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
Agent Scott Boras urges clients not to 'bail out' MLB club owners
Agent Scott Boras recommends his clients refuse Major League Baseball’s attempt to cut salaries during negotiations with the players’ association, claiming
Elon Musk gets a $770 million award as Tesla hits goals
He can't sell the shares yet, though.
Euro zone flash inflation at four-year low in May
Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May
Chelsea face having to pay £27m release clause for target as they eye Plan B option to Sancho
Hefty fee for a Plan B option...
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
BookMyShow cost-cutting to hit 270 employees
Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
These Are The Cheapest iPhones You Can Buy Right Now
Buying a new iPhone doesn’t have to mean breaking the bank, and I firmly believe that most people don’t need to spend $1,500 or more on the latest and greatest model. In the video above, I compare the three cheapest iPhones that Apple currently sells....
GBP/USD: Failing to take over the 1.2360 critical resistance
Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities
The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
No proposal before board now, says Voda Idea on Google picking stake in co
The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
Formula 1: Williams up for sale after £13m loss last year
The Williams Formula 1 team and wider company group are up for sale after posting a £13m loss last year.
Nissan tight-lipped about strategy for Africa as it ‘transforms’
After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.
Labrador Gold announces private placement to raise $3.5m
Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
Need to know: Friday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Apple's iPhone XR now available refurbished from $499
Apple's iPhone XR is now available from Apple's refurbished store with savings of up to $120.
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
Tower Delivers Solid First-half Performance
Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
Consumer confidence and economic climate partially recover in May
Consumer confidence and economic climate indicators “partially recovered” in May in Portugal, after having recorded “strong reductions in April” due to the covid-19 pandemic, the National Statistics Institute (INE) reported
OnePlus 6 and 6T get new OxygenOS 10.3.4 update with May security patch
OnePlus is rolling out a new OxygenOS update for the OnePlus 6 and 6T phones with the May 2020 Android security patch and a few bug fixes. The update also adds a new Work-Life Balance feature and the Epic Games store for users in India.
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.