Economy 100027 May12:0014:0016:0018:0020:00
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

27 May 12:50 20 articles

Factbox: Renault and Nissan's plan to rebuild their alliance

TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.

27 May 12:50 Reuters 8334514180936186332.html
Renault and Nissan scrap Ghosn strategy in move to slash costs

Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus

27 May 10:42 Ft 707176888516954575.html
Nissan-Renault alliance to share more parts, technology

Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.

27 May 08:47 The Economic Times 7653256037834434101.html
Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation

(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

27 May 11:35 Reuters 8334514180972436677.html
Nissan and Renault unveil steps to cut costs and revamp alliance

Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor

27 May 12:13 The Japan Times 6673764367335510887.html
Renault and Nissan rebuild their alliance to ride out the coronavirus storm

When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...

27 May 05:45 CNA 5644198862449809904.html
Renault-Nissan announce plan to deepen cooperation to ensure group's survival

Renault SA , Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in ...

27 May 15:20 CNA 5644198863918676939.html
Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

27 May 15:05 Business-Standard 1502508926165808198.html
Renault-Nissan-Mitsubishi deepen their alliance

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

27 May 12:45 Rappler 1882105643872887964.html
Renault's Senard says it does not need to merge with Nissan

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan (7201.T) and Mitsubishi (7211.T).

27 May 08:20 Reuters 8334514179899739477.html
Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis

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

27 May 07:26 Business-Standard 1502508925052657259.html
Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

27 May 00:00 The Washington Times 8941836441865018688.html
Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

27 May 00:00 Investing.com 5710361974939385857.html
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.

27 May 09:10 Motor1.com 1648269241009478522.html
Nissan and Renault Divvy Up Production Responsibilities

Nissan and Renault opted against a full merger on Wednesday, but neither side seemed to feel now was the time to disband the alliance and see how they might fare as a solo act. Every member of the Renault–Nissan–Mitsubishi Alliance took time to address financial concerns last year, encouraging further product integration as a cost-mitigation strategy. […]

27 May 18:11 The Truth About Cars 8594295342959464655.html
Renault and Nissan rule out merger

As they unveil survival plan.

27 May 10:04 Moneyweb 1092550946454573403.html
Renault and Nissan deepen cooperation in bid for survival

TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...

27 May 08:22 Malaymail 302165935524892050.html
Nissan's Future Is About To Be Decided

Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...

27 May 14:45 CarBuzz 4034462236472836343.html
Renault's Senard says it does not need to merge with Nissan

Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi. "We do not need a merger to be efficient," Senard said at a news

27 May 14:26 Deccan Herald 2027555797036641328.html
Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

27 May 05:12 Firstpost 4760741713535667051.html
Global energy investment may see a record fall in 2020 over Covid-19: IEA

27 May 04:24 12 articles

Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA

PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.

27 May 04:24 Reuters 8334514181339995726.html
Global energy spending to fall $400bn due to coronavirus crisis

IEA says investments in low-carbon technologies falling far short of climate goals

27 May 04:00 Ft 707176888580857182.html
IEA forecasts a 20% drop in global energy investment in 2020

The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic

27 May 14:56 The Globe and Mail 68426411695870309.html
Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

27 May 07:29 Business-Standard 1502508924994879477.html
Virus sparks record drop in energy investment – IEA

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

27 May 05:30 Rappler 1882105642686355368.html
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore

Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg

27 May 12:20 www.businessinsider.sg 5090408755903294982.html
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history

Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.

27 May 12:20 Business Insider Malaysia 8325046882487725574.html
Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...

27 May 08:03 Tech Xplore 4945708899756875975.html
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA

PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...

27 May 04:31 Malaymail 302165934798306438.html
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA

The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions

27 May 16:31 Times of Oman 5168079154594938335.html
Global spending on oil to drop by $1 trillion in 2020 says IEA

Investment in energy sector will see its biggest drop this year says the agency

27 May 08:18 Gulf News 2086521543751258182.html
Global energy investment to drop by $400bn

An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.

27 May 08:49 ESI-Africa.com 2679729877377327273.html
How China’s tensions could be good for Hong Kong’s stock exchange

27 May 12:06 18 articles

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package

Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...

27 May 12:06 Business Insider 3364799148185423254.html
Global stocks shake off concern over US-China tensions

Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong

27 May 21:10 Ft 707176889248566911.html
Asian shares slip as new Hong Kong tensions rise

Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.

27 May 05:05 The Indian Express 2885715104518529551.html
Value hunting? This stock market has become mouth-wateringly cheap

Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success

27 May 22:01 The Globe and Mail 68426409945347090.html
Stocks, euro rise on massive EU stimulus plan

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

27 May 08:40 CNA 5644198863467919313.html
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore

Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg

27 May 10:04 www.businessinsider.sg 5090408757578967240.html
Hong Kong's future as China's gateway to the West is under threat

China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.

27 May 02:01 The Age 7967730562652415188.html
How China’s tensions could be good for Hong Kong’s stock exchange

Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.

27 May 00:45 Australian Financial Review 3974284486690748801.html
Hong Kong's future as China's gateway to the West is under threat

China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.

27 May 02:01 Brisbane Times 2314609339671487700.html
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package

Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.

27 May 10:04 Business Insider Malaysia 8325046884163397832.html
China expands scope of Hong Kong security legislation – Reuters

Citing the stories from the Chinese media outlets, RTHK and the South China Morning Post (SCMP) on Wednesday, Reuters reports that Beijing has widened

27 May 03:29 FXStreet 4480975639314382914.html
Asian stocks pull back as Hong Kong uncertainty weighs

NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...

27 May 00:54 Malaymail 302165935477014733.html
Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.

27 May 12:00 manilastandard.net 4715274785298966108.html
Stock markets mixed as China-US tensions return to fore

Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.

27 May 00:00 The Zimbabwe Mail 3765424161575214764.html
Asian shares slip as new Hong Kong tensions rise

Nikkei down 0.2%, ex-Japan Asian loses 0.3%.

27 May 04:50 Moneyweb 1092550946944335388.html
Asian markets in retreat as China-US tensions return to fore

Markets are concerned about another flare-up in Hong Kong on a controversial security law

27 May 03:42 Gulf News 2086521544964428227.html
Stock markets in retreat as China-US tensions return to fore

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.  

27 May 00:00 Telangana Today 8182025567457651602.html
Trade War 2.0 or worse? Trump strips Hong Kong of its special trading status, dramatically escalating US-China tensions

In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.

27 May 00:00 Notebookcheck 6932799089916882177.html
Lufthansa bailout 'in Europe's best interests'

27 May 21:25 12 articles

Lufthansa board rejects EU conditions on US$10 bln bailout

German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...

27 May 21:25 CNA 5644198862784753417.html
Lufthansa supervisory board postpones approval of bailout package

Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...

27 May 21:25 CNA 5644198864100559509.html
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions

Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.

27 May 21:24 The Age 7967730561282793573.html
Lufthansa refuses to accept EU conditions on $10-billion bailout

Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.

27 May 21:24 Business-Standard 1502508924648587859.html
State ownership of airlines may be side effect of coronavirus

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

27 May 04:40 The Irish Times 8204772967540514055.html
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions

Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.

27 May 21:24 Brisbane Times 2314609338301866085.html
Lufthansa says 'unable to approve' coronavirus rescue over EU conditions

Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.

27 May 00:00 Deutsche Welle 550934689632316758.html
Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

27 May 00:00 Investing.com 5710361975649753350.html
Lufthansa bailout 'in Europe's best interests'

German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.

27 May 18:00 Irishexaminer 8196011178477244896.html
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions

FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...

27 May 14:58 Malaymail 302165935792463406.html
Lufthansa board rejects EU conditions on $10 billion bailout

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) - Lufthansa's $10 billion government bailout was thrown into doubt on Wednesday after the German airline's supervisory board refused to accept the conditions attached by Brussels. The board, which had been expected to sign off on the aid, instead refused EU requirements that Lufthansa permanently give up take-off and landing slots at Frankfurt and Munich airports, where it commands a two-thirds market share. The bailout plan nevertheless remains

27 May 18:36 Firstpost 4760741713014879035.html
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions

Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.

27 May 21:24 WAtoday 6806590898748055653.html
Amazon in advanced talks to buy self-driving startup Zoox - WSJ

27 May 10:04 12 articles

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Zoox hinted it's had interest from multiple buyers.

27 May 10:04 Business Insider 6060062399890759279.html
Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

27 May 10:05 CNA 5644198862946658167.html
Amazon in talks to buy driverless-technology startup Zoox

Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.

27 May 00:59 MarketWatch 8975941548434788018.html
Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox

Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...

27 May 08:30 slashdot.org 7963433142207272909.html
Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

27 May 08:55 CNA 5644198862635345622.html
Amazon in advanced talks to buy self-driving startup Zoox: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.

27 May 01:20 Reuters 8334514181531918517.html
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore

Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg

27 May 10:04 www.businessinsider.sg 5090408756122001007.html
Amazon Eyes Zoox Acquisition For Autonomous Cars

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant's reach in autonomous vehicle technology.

27 May 10:42 PYMNTS.com 7357138824859760924.html
Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.

27 May 00:45 Financial Post 2379081491813726324.html
Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

27 May 02:54 Ft 707176888298170415.html
Amazon in talks to buy autonomous vehicle start-up Zoox

Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

27 May 05:54 TechCentral 724913819594613771.html
Amazon in Talks to Buy Autonomous Vehicle Startup Zoox

Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

27 May 03:17 Daily Maverick 2373996789262194070.html
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

27 May 02:13 10 articles

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

27 May 02:13 Yahoo 7097669638763027423.html
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

27 May 03:28 The Indian Express 2885715104574672605.html
Abe Cabinet OKs another ¥117 trillion package to fend off COVID-19 fallout

The new package is aimed at further shoring up steps to help individuals and companies that are financially struggling due to the coronavirus.

27 May 09:16 The Japan Times 6673764368335030945.html
Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

27 May 10:54 The Jakarta Post 7678601103943431611.html
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

27 May 05:22 Financial Post 2379081493770929787.html
Japan PM vows to back corporate financing with second extra budget

TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...

27 May 09:27 CNA 5644198862932756413.html
Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

27 May 03:42 FXStreet 4480975640148569000.html
Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

27 May 02:41 Malaymail 302165934873282147.html
Japan's new budget to include US$302b in direct spending, reports Mainichi

TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...

27 May 00:47 Malaymail 302165935255733618.html
Japan doubles down on stimulus with extra $1 trillion in aid

Package includes financing for companies, rent subsidies and healthcare assistance

27 May 12:51 Gulf News 2086521545504208423.html
Boeing slashes 12,000 jobs as virus seizes travel industry

27 May 21:52 12 articles

Boeing job cuts start to hit nearly 13,000 workers

A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.

27 May 21:52 BBC News 3883826128897231924.html
Boeing to axe 12,000 US workers even as Max assembly resumes

Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’

27 May 22:14 Ft 707176888551207342.html
Boeing Cuts Jobs for 12,000 Workers in the US

Boeing has been reeling from a drop in demand for aircraft, as travel plunges amid the pandemic and worsens the pressure on the company, which was already in crisis...

27 May 21:31 Sputniknews 967333868087835743.html
Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

27 May 19:56 The Age 7967730562778155481.html
Boeing slashes 12,000 jobs as virus seizes travel industry

The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

27 May 22:55 The Financial Express 1288289579711187604.html
Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

27 May 19:56 Brisbane Times 2314609339797227993.html
Boeing cutting more than 12,000 U.S. jobs

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans "several thousand remaining layoffs" in coming months but did not say where those would take…

27 May 20:00 Japan Today 8582716285871266969.html
Boeing to eliminate more than 12,000 U.S. jobs

Boeing announced on Wednesday it is immediately cutting more than 12,000 U.S. jobs, and several thousand more will be eliminated over the next few months. This week, the company will lay off 6,770 employees. Boeing said an additional 5,520 workers accepted buyout offers, and will leave within the next few weeks. Globally, the company has about 160,000 employees, and most of the layoffs are expected to be in the Seattle area, where workers focus on commercial airplanes, The Associated Press reports. Air travel is down tremendously because of the coronavirus, and Boeing CEO David Calhoun wrote in a memo to employees on Wednesday that because of this, there will be "a deep cut in the number of commercial jets and services our customers will need in the next few years, which in turn means fewer jobs on our lines and in our offices." Catherine Garcia

27 May 22:48 The Week 149215354925157809.html
Boeing cutting more than 12,000 US jobs, thousands more planned

WASHINGTON, May 28 — Boeing Co said yesterday it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in...

27 May 22:50 Malaymail 302165934795462270.html
Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

27 May 19:56 WAtoday 6806590900243417561.html
Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.

27 May 19:11 WVLT 4089046911802243342.html
Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis

Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.

27 May 21:16 Mail Online 124328110710906403.html
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

27 May 11:12 3 articles

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

27 May 11:12 Reuters 8334514180918881229.html
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

27 May 11:06 The Globe and Mail 68426410647909865.html
Japan outlines fresh stimulus package for virus-hit economy

Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus pandemic tipped the ...

27 May 18:55 CNA 5644198863584795715.html
EU unveils unprecedented 750 bn euro recovery plan

27 May 09:31 7 articles

EU Aims to Back Struggling South With Fiscal Shock and Awe

The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.

27 May 09:31 Bloomberg.com 4032480120687491547.html
'Defining moment': Brussels proposes $1.2trn EU rescue plan

The huge program of loans and grants aims to restore the EU's tanking economies, shore up its strained solidarity and revive its climate ambitions.

27 May 14:12 Australian Financial Review 3974284487139254851.html
EU chief von der Leyen to propose €1 trillion coronavirus recovery fund

It comes after Germany and France proposed a €500 billion fund instead of coronabonds – but it’s still not clear if the funds will be loans or grants.

27 May 06:43 TheJournal.ie 6446904417995795381.html
EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

27 May 02:00 Digital Journal 4566489172105439864.html
EU’s Von der Leyen to unveil trillion-euro recovery plan

Brussels, Belgium | AFP |  European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states. The global coronavirus outbreak has thrust the EU into its deepest ever recession, and Von der Leyen’s proposal will set out to help …

27 May 07:30 The Independent Uganda: 5099025988922647126.html
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis

The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.

27 May 10:53 France 24 5635134572075767788.html
COVID-19: EU aims to back struggling south with fiscal shock and awe

Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact

27 May 16:27 Gulf News 2086521544304079977.html
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19

27 May 07:10 8 articles

Nokia resumes operations at its Sriperumbudur facility after employees test positive

ET wrote to Nokia to find out how many employees from the Sriperumbudur plant had tested positive and is awaiting a response from the Finnish firm. The factory had resumed operations under the standard operating procedures that had been laid down by the State government as the lockdown norms were eased for the manufacturing sector, in a bid to revive the economy.

27 May 07:10 The Economic Times 7653256038455657423.html
Nokia shutters manufacturing plant as employees test positive for Covid-19

Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.

27 May 07:21 TechRadar 2111116915209270427.html
Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19

NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...

27 May 00:45 CNA 5644198863551122497.html
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report

Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.

27 May 09:21 India News, Breaking News, Entertainment News | India.com 7150386084392082229.html
Nokia shuts factory in Tamil Nadu after 42 test positive for COVID-19

Earlier this month, Nokia shut down its manufacturing plant in Tamil Nadu, India. The company made the move after employees tested positive for the Coronavirus infection. While the official numbers weren’t given out, a source close to the situation claimed that the infected number of people reached 42. Back when the COVID-19 cases had initially …

27 May 07:42 Gizmochina 1751854815947098652.html
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19

Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.

27 May 00:00 Moneycontrol 1603024963789458053.html
Nokia Shuts Plant in Tamil Nadu After 42 Employees Test Positive for COVID-19

Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19.

27 May 06:50 The Hans India 817019415118118370.html
Coronavirus crisis: Nokia closes Tamil Nadu plant after 42 employees test positive

Nokia, however is not the first factory to shut down over coronavirus cases. Chinese smartphone company OPPO suspended its operations at a Greater Noida factory after 6 workers tested positive for COVID-19 last week

27 May 02:50 Business Today 1145527431647701628.html
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

27 May 12:30 6 articles

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

27 May 12:30 CNA 5644198862942586339.html
VW reportedly close to sealing biggest-ever deals in China's EV sector

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

27 May 08:15 Autoblog 4372976972756070560.html
Volkswagen in final talks to seal top M&A deal in China EV sector: Report

The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan

27 May 09:41 Business-Standard 1502508924727905443.html
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

27 May 00:00 Investing.com 5710361976311579214.html
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV battery maker Guoxuan High-tech Co Ltd, the people said, adding both deals could be announced as early as Friday.

27 May 04:35 The Economic Times 7653256038124432886.html
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector

The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture

27 May 07:58 Business Today 1145527430843523441.html
Asia stocks mixed on uncertainty over Hong Kong security law

27 May 20:23 7 articles

Stocks rally on EU stimulus plan, euro gains

NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.

27 May 20:23 Reuters 8334514181000551667.html
Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.

27 May 08:14 CTVNews 2422791597395111999.html
Global stocks mixed on unease over Hong Kong security law

Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.

27 May 16:10 The Financial Express 1288289579902289315.html
Global stocks mixed on unease over Hong Kong security law

Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.

27 May 00:00 The Washington Times 8941836441910068952.html
Hopes of economic revival give markets 3rd straight win

Department store chains, which took some of the market’s worst losses this year, surged amid optimism that life can inch back toward normal.

27 May 21:27 Las Vegas Review-Journal 8640648837815307564.html
Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s status as a global financial center. The…

27 May 06:15 Japan Today 8582716286940679743.html
Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

27 May 03:48 THE OKLAHOMAN 7193318760894784064.html
Walmart teams with ThredUP to sell used clothing online

27 May 04:01 4 articles

Walmart Goes Full-Throttle on Resale With ThredUp

As part of an ongoing mission for fashion dominance, Walmart enters resale.

27 May 04:01 WWD 5490910668907005475.html
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.

27 May 04:01 Business Insider Malaysia 8325046883769222095.html
Walmart teams with ThredUP to sell used clothing online

NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.

27 May 04:02 680News 8014034334737411332.html
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.

27 May 04:05 Pulse Live 3606876836534291787.html
Mukesh Ambani's Jio listing can profit from US-China tech war

27 May 04:43 2 articles

A Tech Billionaire May Find Use in a Cold War

Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.

27 May 04:43 Bloomberg.com 4032480122123629384.html
Mukesh Ambani's Jio listing can profit from US-China tech war

Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?

27 May 07:39 The Economic Times 7653256036757835942.html
Huawei disappointed by a Canadian court ruling against CFO meng Wanzhou’s bid to avoid extradition

27 May 19:40 4 articles

Huawei CFO is one crucial step closer to being extradited to the US

A Canadian court has ruled that Huawei's financial chief Meng Wanzhou is eligible for extradition.

27 May 19:40 Engadget 96641516491000440.html
Canadian court greenlights extradition proceedings against Huawei CEO’s daughter

A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United States.

27 May 19:33 Washington Examiner 4625792332653057341.html
Huawei disappointed by a Canadian court ruling against CFO meng Wanzhou’s bid to avoid extradition

Following a Canadian court ruling that the case of senior Huawei executive Meng Wanzhou, who is fighting extradition to the United States, can go forw

27 May 20:12 FXStreet 4480975639081111767.html
Canadian court arrives at decision for Huawei's CFO, Meng Wanzhou

In December 2018, Meng Wanzhou, Huawei's CFO, was arrested in Canada at the request of the United States. Today, a court in Canada has finally made its decision about what should happen.

27 May 19:16 Neowin 8633418616404196620.html
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks

27 May 10:33 8 articles

Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks

The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).

27 May 10:33 The Indian Express 2885715104922492637.html
Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

India Business News: Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The

27 May 10:14 The Times of India 6060938663823756188.html
Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

27 May 10:01 The Financial Express 1288289580292965428.html
Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

NSE Nifty fell 13.70 points.

27 May 05:28 The Hindu 6679535025022382140.html
Short covering or a catch-up rally? What drove Sensex up 996 points

Among the blue chips, bank and financial stocks were in heavy demand.

27 May 09:12 The Economic Times 7653256038292384825.html
Sensex up 183 points, banking stocks rally | Markets News

New Delhi: Markets opened on a positive note led by rally in banking stocks. The BSE Sensex was trading 183.81 … Sensex up 183 points, banking stocks rally | Markets News Read More »

27 May 04:20 ISSCNC 6824315490401471623.html
Market Update: Sensex surrenders opening gains, drops over 60 points

27 May 05:12 Free Press Journal 9080771788495121197.html
Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

27 May 10:23 DNA India 7533428662290251794.html
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

27 May 15:23 3 articles

India may need to pump $20 billion into coronavirus-hit state banks: Sources

The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.

27 May 15:23 The Economic Times 7653256037613085581.html
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

27 May 15:34 Business-Standard 1502508925821335314.html
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks

India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

27 May 20:59 Deccan Herald 2027555796339920902.html
UK tells EU: break the Brexit 'impasse' so we can do trade deal

27 May 16:34 4 articles

UK tells EU: break the Brexit 'impasse' so we can do trade deal

LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.

27 May 16:34 Reuters 8334514180519178039.html
UK tells EU: break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during

27 May 12:26 Yahoo 7097669637934395157.html
UK tells EU: Break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...

27 May 23:02 CNA 5644198863253476265.html
UK's Frost: EU needs to evolve its position to reach an agreement

The EU's mandate in key areas is not likely to produce an agreement, the UK's chief Brexit negotiator David Frost told reporters on Wednesday. Key quo

27 May 12:12 FXStreet 4480975638586388297.html
JPMorgan CEO: bank will again boost credit reserves in second quarter

27 May 14:45 5 articles

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic

JPMorgan CEO Jamie Dimon said at a Deutsche Bank conference on Tuesday that the US could see a fairly rapid recovery, Bloomberg reported. 'The g...

27 May 14:45 Business Insider 3364799147389733076.html
No quick return to bank share buybacks, says Jamie Dimon

The head of America’s largest bank predicted another big provision for loan losses in the second quarter.

27 May 03:40 Australian Financial Review 3974284486286513748.html
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg

27 May 12:41 www.businessinsider.sg 5090408756278694621.html
JPMorgan CEO: bank will again boost credit reserves in second quarter

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...

27 May 01:30 CNA 5644198863879030234.html
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic

The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.

27 May 12:41 Business Insider Malaysia 8325046882863125213.html
Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover

27 May 21:00 4 articles

Saudi Arabia to move for Premier League TV rights to ensure Newcastle takeover

Newcastle's £300million takeover bid has been held up over the Saudi state's alleged involvement with beoutQ, a pirate service that has illegally broadcast Premier League matches

27 May 21:00 mirror 675785261302525352.html
The World Trade Organisation responds to claims over reports regarding Saudi Arabia and TV piracy

Newcastle United fans are awaiting news on the buy-out of the club but have still yet to receive a positive outcome

27 May 09:29 ChronicleLive 1984146901419829548.html
Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover

Saudi Arabia's bid for Premier League rights helping to smooth Newcastle takeover

27 May 22:41 CaughtOffside 8169236757208557763.html
Saudi takeover of Newcastle United in doubt after WTO finding

The prospect of the Saudi Arabian Government taking a majority stake in Newcastle United has suff...

27 May 09:26 Newstalk 7635722259484597756.html
Oil falls on demand concerns, US-China tensions

27 May 06:13 4 articles

Oil slips on demand worries, Hong Kong tensions

Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.

27 May 06:13 The Indian Express 2885715104407461247.html
Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...

27 May 08:35 CNA 5644198862429640756.html
Oil prices slip on demand worries even as Covid lockdowns begin to ease

Brent crude futures fell 21 cents, or 0.6 per cent, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9 per cent, at $34.04 a barrel

27 May 06:53 Business-Standard 1502508925469960099.html
Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the

27 May 08:05 Deccan Herald 2027555797623114164.html
Coronavirus pushes global credit rating downgrade threat to record high

27 May 11:14 3 articles

Coronavirus pushes global credit rating downgrade threat to record high

LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.

27 May 11:14 Reuters 8334514181290009081.html
Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning.

27 May 11:07 The Economic Times 7653256038413407497.html
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high

A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate

27 May 11:12 The Globe and Mail 68426410851506061.html
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years

27 May 20:00 5 articles

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.

27 May 20:00 Business Insider 6060062399473041578.html
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years

Widespread unemployment could linger longer than expected and slow an economic recovery.

27 May 00:00 Forbes 6028587531749228897.html
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore

Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg

27 May 20:00 www.businessinsider.sg 5090408755704283306.html
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.

27 May 20:00 Business Insider Malaysia 8325046882288713898.html
Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs economists say the unemployment rate could remain high for the next two years due to policies designed to mitigate the pandemic's effects.

27 May 21:31 PYMNTS.com 7357138825166875457.html
Goldman Sachs on target to meet medium,long-term growth goals: executive

27 May 21:40 6 articles

Goldman Sachs warns of a 'start-and-stop' economic recovery

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.

27 May 21:40 The Age 7967730561700741649.html
Goldman Sachs on target to meet medium,long-term growth goals: executive

Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...

27 May 22:25 CNA 5644198863265752858.html
Goldman Sachs warns of a 'start-and-stop' economic recovery

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.

27 May 21:40 Brisbane Times 2314609338719814161.html
Goldman Sachs warns global economic recovery could be bumpy

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.

27 May 17:31 BNN 3833521689316287058.html
Goldman Sachs president says bank on track to meet growth goals

By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus. However, the economic shutdown has caused some negative impacts, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product to next year, Waldron said. Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest U.S

27 May 18:36 Firstpost 4760741713685258779.html
Goldman Sachs warns of a 'start-and-stop' economic recovery

The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.

27 May 21:40 WAtoday 6806590899166003729.html
10 Stocks Worth Your Time on Robinhood’s Top 100 List

27 May 14:21 5 articles

Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan

‘Government will reinvest that money for the welfare of the people

27 May 14:21 The Economic Times 7653256038203362220.html
Current crisis calls for a revised Union Budget

The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment

27 May 10:07 BusinessLine 5283601300739742.html
Factors To Consider With REM, REML And Individual mREITs

The damage to the agency mREITs resulting from the sudden extreme decline in interest rates is now over. All mREITs are trading at deep discounts to book value.

27 May 05:02 Seeking Alpha 5725634556457024902.html
10 Stocks Worth Your Time on Robinhood’s Top 100 List

Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.

27 May 16:21 InvestorPlace 24614509187551169.html
Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain

Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...

27 May 06:10 CNA 5644198863933774405.html
Tesla to cut car prices in North America, China

27 May 14:13 4 articles

Tesla Cutting Car Prices to Spur Demand

The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.

27 May 14:13 The Motley Fool 2231313657839567548.html
Tesla to cut car prices in North America, China

BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

27 May 04:40 Financial Post 2379081492021387095.html
Tesla to cut car prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned.

27 May 00:00 Moneycontrol 1603024963462217626.html
Tesla Slashes Prices By Up to $5,000 on Almost Every Vehicle Line

This site may earn affiliate commissions from the links on this page. Terms of use.

27 May 18:02 Extremetech 653399569908298907.html
News Corp to stop printing more than 100 Australian regional papers

27 May 08:46 4 articles

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

27 May 08:46 The Age 7967730562951915274.html
News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

27 May 08:46 Brisbane Times 2314609339970987786.html
News Corp to cut hundreds of jobs in restructure

News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.

27 May 08:46 Australian Financial Review 3974284486955783000.html
News Corp to stop printing more than 100 Australian regional papers

Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…

27 May 22:40 Japan Today 8582716285746797411.html
McDonald’s announces all Irish drive-throughs to reopen on June 4th

27 May 16:04 9 articles

McDonald's to reopen all UK and Ireland stores in June

Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures

27 May 16:04 the Guardian 1491978796134363379.html
McDonald's reveals when they're reopening all UK drive-thrus

The chain has announced it will reopen all of its drive-thrus and many more restaurants for delivery.

27 May 11:28 Metro 970161748195419514.html
McDonald’s announces all Irish drive-throughs to reopen on June 4th

High levels of anticipated demand will see each location revealed on morning of opening

27 May 16:31 The Irish Times 8204772967284658453.html
McDonald's to open all drive-thru restaurants by next Thursday

Fast food chain McDonald's will open its 28 drive-thru restaurants in Northern Ireland by Thursday of next week.

27 May 11:23 The Irish News 993067245495245.html
All of McDonald's Irish drive-thrus to reopen by next Thursday

All 51 drive-thrus in Ireland will be open by 4 June.

27 May 11:05 TheJournal.ie 6446904417306150984.html
McDonald’s to reopen more than 1,000 restaurants by next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

27 May 11:46 Express & Star 7324224459588185901.html
McDonald’s to reopen more than 1,000 restaurants by next week

The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.

27 May 11:46 Jersey Evening Post 6141642774123589421.html
McDonald's to reopen more than 1,000 restaurants by next week

McDonald's is rapidly expanding its store openings across the UK and Ireland to have more than 1,000 restaurants reopened for drive-thru or delivery by next Thursday, June 4. Last week, the fast food chain reopened 33 drive-thru sites but the company said it decided to close some lanes where demand "impacted local communities or the safety of our people or customers" due to long queues.

27 May 12:19 ITV News 2184971258167595428.html
All McDonald's Drive-Thrus To Open Across The Country By June 4th

All McDonald's Drive-Thrus will reopen by Thursday June 4th.

27 May 12:10 SPIN South West 8165439735651438619.html
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses

27 May 08:33 4 articles

Gold prices hit 2-week low on reopening optimism

US gold futures were down 0.5 per cent to $1,697.60.

27 May 08:33 The Economic Times 7653256038373530090.html
Gold hits 2-week low on optimism around reopening of economies

Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.

27 May 08:33 The Indian Express 2885715105063783640.html
Gold prices hit two-week low on optimism around reopening of economies

Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13

27 May 09:08 Business-Standard 1502508925918444823.html
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses

Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses

27 May 08:32 Firstpost 4760741713281444100.html
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

27 May 17:04 3 articles

SBI customers to SMS ‘yes’ for moratorium

State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,

27 May 17:04 The Hindu 6679535025650458509.html
SBI Home, Personal Loan EMI moratorium extended by three months! Bank notifies customers

SBI today said in a statement that it has also proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions

27 May 17:58 The Financial Express 1288289580711078465.html
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all

27 May 21:30 Deccan Herald 2027555795939864923.html
Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

27 May 05:58 4 articles

Mega lockdown puts India's animal spirits to sleep in April

India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.

27 May 05:58 The Times of India 6060938663945117198.html
Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

27 May 02:35 The Economic Times 7653256038227400890.html
Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

The Reserve Bank of India expects contraction in the current fiscal year India’s economy was pushed into a state of … Virus Lockdown Put India Animal Spirits To Sleep, Signals Data Read More »

27 May 04:34 ISSCNC 6824315490476499663.html
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April

Government data will probably show expansion slowed in January-March to 1.5%

27 May 14:32 Gulf News 2086521545628884790.html
Nokia veteran Sari Baldauf takes over as 5G battle rages

27 May 15:42 3 articles

Nokia veteran Sari Baldauf takes over as 5G battle rages

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

27 May 15:42 Reuters 8334514180814017020.html
Nokia veteran Sari Baldauf takes over as 5G battle rages

Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...

27 May 22:40 CNA 5644198863489780764.html
Nokia veteran Sari Baldauf takes over as 5G battle rages

Nokia veteran Sari Baldauf takes over as 5G battle rages

27 May 00:00 Investing.com 5710361975482966183.html
China to loosen flight restrictions after outcry from stranded citizens

27 May 13:45 1 article

China to loosen flight restrictions after outcry from stranded citizens

Starting June 2020, the number of permitted flights in China will nearly triple to 407 per week

27 May 13:45 Rappler 1882105643232876550.html
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million

27 May 02:25 9 articles

Toronto Star owner Torstar to be sold, taken private in deal worth $51-million

The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight

27 May 02:25 The Globe and Mail 68426410801295933.html
Media company Torstar to go private after sale to NordStar Capital in $52M deal

NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private

27 May 01:47 Financial Post 2379081493595777313.html
Torstar to be sold, taken private in $52-million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

27 May 00:44 CTVNews 2422791598438378575.html
Toronto Star owner Torstar to be sold, taken private in $52- million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

27 May 00:44 CTVNews 2422791598749195281.html
Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

27 May 10:43 KitchenerToday.com 52741009901782796.html
Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

27 May 03:25 KitchenerToday.com 52741010737096732.html
Torstar to be sold, taken private in $52 million deal

Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

27 May 00:31 CP24 1887544296349792373.html
NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

27 May 02:44 finanzen.at 7258357742932240365.html
Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.

27 May 10:43 680News 8014034333863704664.html
ICC deny reports October’s T20 World Cup will be postponed

27 May 03:25 15 articles

Path cleared for ICC elections, 2021 T20 World Cup 'likely' to remain in India

Cricket News: The members boards of the ICC came to a tacit understanding through a 2/3rd majority on Tuesday that incumbent chairman Shashank Manohar will not be a

27 May 03:25 The Times of India 6060938663461691260.html
ICC deny reports October’s T20 World Cup will be postponed

Ireland skipper Balbirnie has cast doubt on tournament in Australia going ahead

27 May 16:52 The Irish Times 8204772967792384624.html
‘Planning continues’ for 2020 T20 World Cup

The event is scheduled to take place in Australia from October 18 to November 15.

27 May 12:36 Express & Star 7324224460701787658.html
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL

Cricket News: The postponement of this year's T20 World Cup in Australia to 2022, which might open up a window for the lucrative Indian Premier League in October, i

27 May 07:07 The Times of India 6060938663718179099.html
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL

Some of the issues that BCCI as well as all other stakeholders will be dealing with include, limited or no spectators as per ICC regulations.

27 May 12:49 The Financial Express 1288289580553785087.html
‘Planning continues’ for 2020 T20 World Cup

The event is scheduled to take place in Australia from October 18 to November 15.

27 May 12:37 Jersey Evening Post 6141642774730007516.html
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL

The decision, if it is formalised, owing to the COVID-19 pandemic will give members a chance to chalk out their bilateral blue-print in the coming months.

27 May 00:00 Moneycontrol 1603024964719244945.html
ICC threatens to shift 2021 T20 World Cup from India over tax issues

The Indian board's request for a deadline extension due to the Covid-19 pandemic has been rejected | ESPN.co.uk

27 May 08:34 ESPN 8538773402138098699.html
Coronavirus: ICC denies T20 World Cup postponement reports

The International Cricket Council (ICC) has denied reports that the Men's T20 World Cup in Australia...

27 May 00:00 SportsMax 4584028976048191785.html
BCCI confident ICC won't commit harakiri by taking away 2021 T20 World Cup

The BCCI was needed to throw light on the tax exemption issue 18 months before the 2021 T20 World Cup which meant the deadline was April.

27 May 14:45 The New Indian Express 4718288654416094935.html
India could lose 2021 T20 World Cup hosting rights as BCCI fails to secure tax exemption

The 2021 T20 World Cup is scheduled to be held in India between October-November as the official replacement for the ICC Champions Trophy next year.

27 May 03:56 India Today 4286117813752722104.html
ICC Board Meeting: World T20 most likely to be postponed to 2022, October window for IPL

New Delhi: The postponement of this year’s T20 World Cup in Australia to 2022, which might open up a window … ICC Board Meeting: World T20 most likely to be postponed to 2022, October window for IPL Read More »

27 May 06:46 ISSCNC 6824315491175610179.html
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL

Nagaland Page is an English newspaper published from Dimapur, Nagaland.

27 May 14:50 Nagaland Page 3615638286303263820.html
Cricket: After reports suggesting T20 World Cup in Australia set to be postponed to 2021, ICC denies

The ICC Board is also likely to discuss the issue of tax exemption for the 2021 World T20 in India as BCCI has sought more time.

27 May 10:45 Scroll.in 8669301692388270117.html
Crucial ICC meeting on Thursday

The postponement of this year's T20 World Cup in Australia to 2022, which might open up a window for the lucrative Indian

27 May 00:00 Telangana Today 8182025567530088291.html
Trading strategy losses hurt banks’ capital markets profit

27 May 23:28 4 articles

Trading strategy losses hurt banks’ capital markets profit

The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility

27 May 23:28 The Globe and Mail 68426411303588745.html
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.

27 May 11:13 CTVNews 2422791598987675703.html
The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing

Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.

27 May 11:04 BNN 3833521688055722905.html
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge

By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.

27 May 18:35 Firstpost 4760741712566787526.html
Rupee slips 8 paise to 75.74 against US dollar in early trade

27 May 05:24 3 articles

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.

27 May 05:24 The Indian Express 2885715105719708925.html
Rupee settles 5 paise lower at 75.71 against US dollar

The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus

27 May 09:32 The Hindu 6679535026027585249.html
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic

27 May 05:43 Firstpost 4760741713553299982.html
South Africa's SAA aims to resume domestic flights from mid-June

27 May 14:25 6 articles

South Africa's SAA aims to resume domestic flights from mid-June

South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...

27 May 14:25 CNA 5644198862915179333.html
South African Airways aims to resume domestic flights in mid-June

SAA, which is under a form of bankruptcy protection, suspended all commercial passenger flights in late March, when the government imposed one of the strictest lockdowns on the African continent.

27 May 07:00 Africanews 6630243979728138117.html
South Africa's SAA aims to resume domestic flights from mid-June

South Africa's SAA aims to resume domestic flights from mid-June

27 May 00:00 Investing.com 5710361976126653549.html
Business rescue practitioners shut down SAA’s plans to fly again

South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.

27 May 00:00 BusinessTech 2153596440008513821.html
Administrators rule out mid-June return for SAA flights

Without approval of practitioners, SAA announced its planes would be back in the skies.

27 May 00:00 The East African 3857388831469790303.html
BRPs stop SAA flights before they even take off

In a statement on Tuesday, SAA said it would resume operations between Johannesburg and Cape Town from mid-June.

27 May 00:00 ewn.co.za 2308610107970435410.html
CMHC sees declines in home prices, sales, starts that will linger to end of 2022

27 May 21:22 3 articles

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.

27 May 21:22 CTVNews 2422791598521370804.html
CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.

27 May 19:12 CP24 1887544294507441174.html
CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

27 May 20:30 North Delta Reporter 5327740410806194573.html
Latam Airlines seeks bankruptcy protection as travel slumps

27 May 04:02 4 articles

Shares in Latin America's biggest airline drop 35% after bankruptcy filing

SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...

27 May 04:02 CNA 5644198863844611774.html
Shares in Latin America's biggest airline plunge after bankruptcy filing

Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.

27 May 08:06 Tech Xplore 4945708899080101481.html
Latam Airlines seeks bankruptcy protection as travel slumps

BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...

27 May 00:00 Jamaica Observer 5357348614181313057.html
Latam becomes largest airline driven to bankruptcy by coronavirus

NEW YORK, May 27 — Latam Airlines Group, the continent's largest carrier, filed for US bankruptcy protection yesterday, becoming the world's largest carrier so far to seek an emergency reorganisation due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America's...

27 May 03:11 Malaymail 302165936192710802.html
Travel group says Australia-New Zealand bubble could open in September

27 May 08:08 3 articles

Travel group says Australia-New Zealand bubble could open in September

A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.

27 May 08:08 The Age 7967730561455616188.html
'Trans-Tasman bubble' between Australia and New Zealand could open in September

A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.

27 May 22:26 Traveller 679876629474690985.html
Overseas travel inches closer to an arrival date

Australia's international travel ban could be lifted within weeks, with a draft plan for the proposed trans-Tasman bubble just days away from consideration.

27 May 12:14 The New Daily 5848147785828735554.html
Ryanair says holiday bookings surge, sees Britain dropping quarantine

27 May 09:39 3 articles

Ryanair says holiday bookings surge, sees Britain dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O’Leary said in an interview on Wednesday, reporting a “big surge” in holiday bookings from the country.

27 May 09:39 Reuters 8334514180089520090.html
Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

27 May 00:00 Investing.com 5710361975981698803.html
Ryanair’s holiday bookings surge, sees UK dropping quarantine

DUBLIN, May 27 — Ryanair expects Britain to join other European nations in dropping Covid-19 quarantine plans in the coming weeks, its CEO told Reuters today, as he reported a “big surge” in holiday bookings from the country. Last week, Britain announced a 14-day quarantine from June 8 for...

27 May 12:19 Malaymail 302165935906023264.html
GE switches off light bulb business after almost 130 years

27 May 04:50 4 articles

GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business

schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...

27 May 04:50 slashdot.org 7963433142429044987.html
GE switches off light bulb business after almost 130 years

GE started with lighting, but today it’s more of an “industry and debt” firm.

27 May 15:04 Ars Technica 5028555108228809114.html
Why General Electric Stock Jumped Nearly 10% at the Open Today

The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.

27 May 15:02 The Motley Fool 2231313658961018638.html
Latest GE sale extinguishes lightbulb business

General Electric is getting out of the light bulb business, shedding a foundational enterprise from the days of Thomas Edison, the company announced Wednesday.

27 May 18:22 Tech Xplore 4945708899039672837.html
Boeing begins involuntary layoffs, but defense biz to remain mostly untouched

27 May 08:47 9 articles

Boeing set to announce significant U.S. job cuts this week: union

WASHINGTON (Reuters) - Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.

27 May 08:47 Reuters 8334514179949956347.html
Boeing begins involuntary layoffs, but defense biz to remain mostly untouched

Only about 100 of the more than 6,000 Boeing workers to be laid off this week will come from its defense division.

27 May 18:36 Yahoo 7097669638121209134.html
Boeing set to announce significant US job cuts this week: union

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

27 May 10:20 CNA 5644198864134545078.html
Boeing set to announce significant US job cuts this week: Union

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".

27 May 10:24 The Jakarta Post 7678601103299985459.html
Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees

27 May 00:00 Moneycontrol 1603024964405539256.html
Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union

27 May 10:56 Deccan Herald 2027555797754521990.html
Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know

Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.

27 May 18:39 InvestorPlace 24614509264519869.html
COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”

27 May 05:33 Firstpost 4760741713089193381.html
Boeing cuts 12,000 jobs, resumes production of grounded jet

Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.

27 May 23:56 KitchenerToday.com 52741010035991156.html
Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

27 May 09:30 4 articles

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

27 May 09:30 The Economic Times 7653256036959892078.html
Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

The proposed investment will be towards company's proposed brownfield expansion at company's Oragadam facility near Chennai

27 May 06:28 Business-Standard 1502508925165040943.html
Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

27 May 00:00 Moneycontrol 1603024965304020199.html
Despite virus outbreak, Tamil Nadu attracts 17 investors worth Rs.15,128

The companies which signed the MoUs are from Germany, Finland, Taiwan, France, South Korea, Japan, China, USA, Australia, UK

27 May 18:50 The Asian Age 2126266544055998633.html
News Corp shuts down more than 100 print titles, hundreds of jobs to go

27 May 23:05 4 articles

News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

27 May 23:05 The Age 7967730561334131126.html
News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

27 May 23:05 Brisbane Times 2314609338353203638.html
Hundreds of jobs to go as News Corp confirms restructure

News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.

27 May 22:58 Australian Financial Review 3974284487653214502.html
News Corp shuts down more than 100 print titles, hundreds of jobs to go

News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.

27 May 23:05 WAtoday 6806590898799393206.html
Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis

27 May 23:30 4 articles

The Irish Times view on the economic outlook: Counting on a swift recovery

New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead

27 May 23:30 The Irish Times 8204772967645992180.html
Cuts of €6-€14 billion until 2025 needed to recover from Covid-19 pandemic, Fiscal Council warns

There will be ‘almost historic highs’ of debt ratios in Ireland as a result of Covid-19, the Fiscal Council’s report states.

27 May 08:21 TheJournal.ie 6446904418799531937.html
Ireland could see 'repeated lockdowns and wide financial distress' during three-year recession

The virus may see our national debt soar by 60%

27 May 05:00 Irish Mirror 2875825629418575421.html
Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis

The acting chair of the Irish Fiscal Advisory Council has said the debt ratio here will be 'almo...

27 May 07:44 Newstalk 7635722258049371801.html
Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

27 May 08:07 3 articles

Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

The euro-area economy is faring worse than hoped, facing a recession as bad as the European Central Bank’s more pessimistic forecasts.

27 May 08:07 Bloomberg.com 4032480120854599675.html
Euro economy facing recession as bad as worst forecasts – ECB president

Christine Lagarde says estimates for milder slump ‘out of date’

27 May 10:27 The Irish Times 8204772967313673647.html
Lagarde speech: ECB’s mild growth scenario already outdated

Speaking about the European Central Bank’s (ECB) response to the COVID-19 pandemic at the European Youth Dialogue 2020, President Christine Lagarde sa

27 May 07:38 FXStreet 4480975638268636896.html
ByteDance Hit $3 Billion in Net Profit Last Year

27 May 04:30 4 articles

ByteDance Hit $3 Billion in Net Profit Last Year

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

27 May 04:30 Bloomberg 4032480120650215801.html
ByteDance has become the world's most valuable startup - Gizchina.com

ByteDance has become the world's most valuable startup. The company is the parent company of the controversial TikTok app

27 May 22:38 Gizchina 5392375275694574001.html
TikTok owner made over R52 billion net profit last year – Report

TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.

27 May 00:00 MyBroadband 3036103788954014897.html
Tiktok maker ByteDance hit $3-billion in net profit last year

TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.

27 May 07:06 TechCentral 724913820440138783.html
IFM Investors eyes 'nation building' accord

27 May 14:00 4 articles

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

27 May 14:00 The Age 7967730562775533657.html
$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

27 May 14:00 Brisbane Times 2314609339794606169.html
IFM Investors eyes 'nation building' accord

Former Future Fund boss David Neal says there are no constraints on funding ability for big projects, and warns interest rates could be lower "forever".

27 May 14:00 Australian Financial Review 3974284487938390434.html
$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

27 May 14:00 WAtoday 6806590900240795737.html
More than eight in 10 Ryanair passengers are STILL waiting for refunds for cancelled flights, says Which?

27 May 13:54 5 articles

Which? launches new way to report delays to your flight refund

A number of customers have been waiting weeks for a flight refund

27 May 13:54 Wales Online 7686550515988529318.html
Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

27 May 23:03 Express & Star 7324224460057326290.html
Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

27 May 23:04 Shropshire Star 3480199992089007767.html
Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

27 May 23:04 Jersey Evening Post 6141642774592729810.html
More than eight in 10 Ryanair passengers are STILL waiting for refunds for cancelled flights, says Which?

Just five per cent of Ryanair customers have had their money returned to them for cancelled flights within the seven day legal time frame, according to a poll by the UK consumer champion.

27 May 23:01 Mail Online 124328111623608690.html
BPCL privatisation bid deadline extended; check new date

27 May 20:13 2 articles

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

27 May 20:13 Business-Standard 1502508925619036142.html
BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

27 May 15:09 The Financial Express 1288289580117275489.html
Google to start reopening offices, sees 30per cent capacity by September

27 May 11:45 4 articles

Google to start reopening offices, targets 30per cent capacity in September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10per cent of their capacity beginning July 6 and scale ...

27 May 11:45 CNA 5644198863467738076.html
Google to start reopening offices, sees 30per cent capacity by September

Alphabet Inc's Google said on Tuesday it would start to reopen buildings in more cities beginning July 6 and scale up to 30per cent in September.

27 May 05:15 CNA 5644198864171109029.html
Google offices to gradually start reopening

Will give staff US$1000 for home office setup.

27 May 14:36 iTnews 4425008559363944064.html
Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September

Google had allowed their employees to work from home in early March. Alphabet Inc’s Google said on Tuesday it would … Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September Read More »

27 May 05:36 ISSCNC 6824315490977496269.html
Government has no choice, must listen to wise counsel: Chidambaram

27 May 05:00 4 articles

Government has no choice, must listen to wise counsel: Chidambaram

India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su

27 May 05:00 The Times of India 6060938664629854741.html
Sooner than later, govt will accept our suggestions on economy: Chidambaram

A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram

27 May 07:19 Business-Standard 1502508926132546987.html
Government has no choice, must listen to wise counsel: Chidambaram

NEW DELHI: The Congress, after rejecting the government’s economic package announced to revive the economy, has said that sooner than … Government has no choice, must listen to wise counsel: Chidambaram Read More »

27 May 06:05 ISSCNC 6824315491258594785.html
Government has no choice, must listen to wise counsel, says Chidambaram

The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.

27 May 08:43 The New Indian Express 4718288654413995008.html
Leo Puriset to join JP Morgan

27 May 17:03 1 article

Leo Puriset to join JP Morgan

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

27 May 17:03 The Hindu 6679535025467149778.html
Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

27 May 12:28 3 articles

What triggered the 15% rally in bank stocks today?

Nifty Bank, which consists of 10 stocks, saw its best day in about two months.

27 May 12:28 The Economic Times 7653256038523170194.html
Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

27 May 11:39 Free Press Journal 9080771787616190530.html
Value buying in banks leaves investors richer by Rs 2 lakh crore

Short covering by institutional investors, mostly in banking stocks helped Sensex (363 points) and Nifty (77 points) cover losses of last two sessions

27 May 14:11 Business Today 1145527432725584305.html
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs

27 May 18:20 3 articles

‘Pass on repo rate reduction to realty sector’

CREDAI writes to Governor of Reserve Bank of India

27 May 18:20 The Hindu 6679535024433794397.html
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs

It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.

27 May 22:39 The Financial Express 1288289580222686707.html
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI

RBI has directed the banks to link floating rates on housing loans to external benchmarks

27 May 14:22 Business-Standard 1502508924984579395.html
Boris Johnson says 'air bridges' could remove need to quarantine by end of June

27 May 17:47 5 articles

Boris Johnson says 'air bridges' could remove need to quarantine by end of June

The Prime Minister suggested that "air bridges" could allow people to return to the UK from some countries from the end of next month without needing to quarantine

27 May 17:47 mirror 675785261546799759.html
PM signals ‘air bridges’ between countries could be introduced

The UK is to impose a 14-day quarantine requirement for anyone arriving in the country from June 8, but the rules will be reviewed every three weeks.

27 May 18:01 Express & Star 7324224460525796963.html
Some countries could be exempt from UK quarantine rules, Boris Johnson says

So-called 'air bridges' could give hope to those still dreaming of a summer holiday without having to self-isolate when they get back.

27 May 23:04 Metro 970161747673648002.html
PM signals ‘air bridges’ between countries could be introduced

The UK is to impose a 14-day quarantine requirement for anyone arriving in the country from June 8, but the rules will be reviewed every three weeks.

27 May 18:00 Shropshire Star 3480199992979619427.html
PM signals ‘air bridges’ between countries could be introduced

The UK is to impose a 14-day quarantine requirement for anyone arriving in the country from June 8, but the rules will be reviewed every three weeks.

27 May 18:01 Jersey Evening Post 6141642775061200483.html
Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

27 May 20:38 6 articles

Ackman says hedge fund up 27 per cent year to date, dumped Berkshire

The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year

27 May 20:38 The Globe and Mail 68426410883847444.html
Ackman dumps stake in Buffett’s Berkshire Hathaway

Hedge fund manager says he can be ‘more nimble’ than his mentor’s conglomerate

27 May 18:11 Ft 707176888551457101.html
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...

27 May 18:33 Business Insider 3364799146731404351.html
Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

27 May 00:00 Forbes 6028587531890260697.html
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone

The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.

27 May 22:00 Australian Financial Review 3974284486536121488.html
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore

Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg

27 May 16:30 www.businessinsider.sg 5090408756825177104.html
Motorsport UK aims to resume racing activities from 4 July without spectators

27 May 12:14 4 articles

Motorsport UK aims to get back on track from July 4

LONDON (Reuters) - The governing body for motorsport in Britain aims to resume racing activities without spectators from July 4, it said on Wednesday.

27 May 12:14 Reuters 8334514181308121887.html
Motorsport UK aims to get back on track from July 4

LONDON: The governing body for motorsport in Britain aims to resume racing activities without spectators from July 4, it said on Wednesday. ...

27 May 20:15 CNA 5644198864083690834.html
National News: Motorsport UK plans for motorsport to begin again on 4 July

Motorsport UK intends for national motorsport to resume in Britain from 4 July and, from the start of next month, will allow organisers to begin applying for event permits again

27 May 00:00 Autosport 3695548570676341907.html
Motorsport UK aims to resume racing activities from 4 July without spectators

Motorsport UK suspended all its events throughout the country from March to the end of June due to the COVID-19 pandemic.

27 May 14:39 Firstpost 4760741713041056520.html
Stripe Expands In Europe, Inks JCB Tie-Up In Japan

27 May 07:00 4 articles

Stripe launches in five new European countries

Expansion, which is being led by Dublin office, means company now in 39 countries

27 May 07:00 The Irish Times 8204772967308040097.html
Stripe Expands In Europe, Inks JCB Tie-Up In Japan

Stripe, a technology company that allows businesses to make and receive online payments, has launched in five more European countries.

27 May 16:07 PYMNTS.com 7357138825108479037.html
Stripe Expands to 5 More European Nations

Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.

27 May 09:57 Finance Magnates 8992138266220168837.html
Stripe expands in Europe, adding five more countries

Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.

27 May 08:44 independent 5894610845935902414.html
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore

27 May 15:54 3 articles

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.

27 May 15:54 Business Insider 6060062399580433888.html
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore

Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg

27 May 15:54 www.businessinsider.sg 5090408755811675616.html
A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.

27 May 15:54 Business Insider Malaysia 8325046882396106208.html
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore

27 May 20:23 3 articles

Economists expect another 2.1 million Americans filed for unemployment insurance last week

The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.

27 May 20:23 Business Insider 6060062399576431153.html
Economists expect another 2.1 million Americans filed for unemployment insurance last week

Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.

27 May 20:23 Business Insider Malaysia 8325046882392103473.html
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore

Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg

27 May 20:23 www.businessinsider.sg 5090408755807672881.html
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore

27 May 22:09 3 articles

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

27 May 22:09 Business Insider 3364799147684743201.html
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore

Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg

27 May 20:06 www.businessinsider.sg 5090408755499899820.html
Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.

27 May 20:06 Business Insider Malaysia 8325046882084330412.html
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

27 May 04:39 5 articles

More liquidity needed, states should come forward with Rs 20 trn: Gadkari

Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"

27 May 04:39 Business-Standard 1502508925710056674.html
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari

"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.

27 May 10:42 The Economic Times 7653256037883565561.html
States should come forward with ₹20 tn to battle COVID-19 disruptions: Gadkari

More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with ₹20 trillion, while another ₹10 trillion can be harnessed from public-private investment, said Nitin Gadkari

27 May 10:39 Livemint 6614605819573996028.html
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately

27 May 00:00 Moneycontrol 1603024964550714990.html
States need to Raise 20 Lakh Crore rupees to Fight Coronavirus -

Union Minister Nitin Gadkari on Wednesday said that in the wake of the crisis arising out of the Covid-19 pandemic,

27 May 16:06 News Hunt Media 8859517518521126460.html
State Bank of India slashes FD rate by 40 bps, second cut in May

27 May 17:10 2 articles

State Bank of India slashes FD rate by 40 bps, second cut in May

The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request

27 May 17:10 Business-Standard 1502508925561427152.html
SBI cuts interest rates on FDs

Mumbai: India's largest public sector bank State Bank of India (SBI) on May 27 cut fixed deposit interest rate by 40 basis points across all tenors. This is the second rate cut in a month. The...

27 May 18:22 The Hans India 817019413905268391.html
Bharti Airtel block deal: Now, Sunil Mittal’s telecom group looks to go debt-free after Mukesh Ambani’s RIL

27 May 10:33 6 articles

Bharti Airtel block deal: Now, Sunil Mittal’s telecom group looks to go debt-free after Mukesh Ambani’s RIL

Bharti Airtel’s promoter firm Bharti Telecom raised Rs 8,433 crore on Tuesday, selling 2.75% stake in the telecom major to institutional investors through an accelerated book building process in the secondary market.

27 May 10:33 The Financial Express 1288289580916343908.html
Bharti Telecom raises $1.1B from Airtel stake sale

Bharti Telecom, the holding company of India’s Bharti Airtel, sold a 2.75 per cent stake ...

27 May 08:32 Mobile World Live 2109488010681113673.html
Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

27 May 06:23 Telecompaper 8935969264432390.html
Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

27 May 06:23 Telecompaper 8935967691193557.html
Airtel's stake sale to get ready for a bigger fight with Jio

Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board

27 May 16:01 Business Today 1145527431502502382.html
Bharti Telecom sells 2.75% stake in Airtel

Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore

27 May 00:00 Telangana Today 8182025567150906748.html
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue

27 May 16:53 4 articles

Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money

The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.

27 May 16:53 The Financial Express 1288289579805496223.html
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

27 May 12:16 Business-Standard 1502508925597282738.html
Aditya Birla Fashion plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.

27 May 10:54 The Economic Times 7653256037634512318.html
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.

27 May 00:00 Moneycontrol 1603024965221930271.html
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery

27 May 20:37 3 articles

Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery

Economic activity “sharply” declined across the U.S.

27 May 20:37 TheHill 355432919594993734.html
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports

Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.

27 May 00:00 Forbes 6028587531245464154.html
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says

Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.

27 May 18:13 Financial Post 2379081491690914063.html
GDP growth may rebound to 5% in FY22: Former RBI governor

27 May 15:48 2 articles

GDP growth may rebound to 5% in FY22: Former RBI governor

The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency

27 May 15:48 BusinessLine 5283601287591102.html
Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

27 May 15:20 Business-Standard 1502508925807511660.html
Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank

27 May 23:07 3 articles

Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank

CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.

27 May 23:07 Reuters 8334514180795270589.html
Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank

CARACAS — Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.

27 May 21:39 Financial Post 2379081492047098687.html
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank

By Deisy Buitrago CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday

27 May 22:40 Firstpost 4760741712022749796.html
Four recruitment firms join hands to help India Inc return to work

27 May 08:37 3 articles

Four recruitment firms join hands to help India Inc return to work

India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work

27 May 08:37 The Times of India 6060938664722972967.html
Staffing giants join forces to decode COVID-19 puzzle

Give a clarion call: ‘Help India Get Back to Work Safely’

27 May 10:52 The Hindu 6679535024351716594.html
Four recruitment firms join hands to help India Inc return to work

(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »

27 May 09:55 ISSCNC 6824315491340916937.html
Boeing Restarts Production of 737 MAX Jet Liner

27 May 21:30 7 articles

Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers

Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.

27 May 21:30 Business Insider 6060062400302186035.html
Boeing resumes production of its troubled 737 Max airplane

The plane involved in two fatal crashes is starting back up production.

27 May 21:49 The Verge 1337119303936595656.html
Boeing Restarts Production of 737 MAX Jet Liner

The production was halted for four months following two deadly crashes in less than five months, which killed all 346 people on board, with software programming...

27 May 23:48 Sputniknews 967333868304307137.html
Boeing cutting more than 12,000 US jobs, thousands more planned

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...

27 May 23:30 CNA 5644198862714215360.html
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore

Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg

27 May 21:30 www.businessinsider.sg 5090408756533427763.html
Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

27 May 00:00 Investing.com 5710361976519021891.html
Boeing Resumes Production Of 737 Max At "Low" Rate

Boeing has resumed production of the 737 MAX at a "low" rate following two deadly crashes that led to the aircraft's global grounding by regulators, the company said Wednesday.

27 May 23:02 NDTV.com 5090057681500013587.html
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

27 May 05:56 5 articles

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

PARIS (Reuters) - Sanofi (SASY.PA) will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron (REGN.O), the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.

27 May 05:56 Reuters 8334514180826323135.html
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.

27 May 00:00 Moneycontrol 1603024963673508277.html
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares

Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...

27 May 14:00 CNA 5644198863841280646.html
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership

27 May 08:10 Business-Standard 1502508926197448910.html
Regeneron Stock Is a Solid Long-Term Buy

Investors are excited about Regeneron stock for its Covid-19 treatment. They're missing the point. Regeneron is a great long-term buy.

27 May 14:55 InvestorPlace 24614509677250258.html
AfDB:I maintain my innocence on allegations – Adesina

27 May 21:13 4 articles

I've not stepped down as AfDB president, says Adesina

African Development Bank (AfDB) President Dr. Akinwumi Adesina has denied stepping down from office.Adesina, in a statement, said “the bank’s...

27 May 21:13 Latest Nigeria News, Nigerian Newspapers, Politics 2658445901503857699.html
AfDB:I maintain my innocence on allegations – Adesina

Adesina said this in a statement he personally signed and issued on Wednesday.

27 May 21:38 The Eagle Online 1463511648261682475.html
US Treasury pressure leads to new probe of African Development Bank chief

Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.

27 May 04:55 Moneyweb 1092550947468403252.html
I’ve not violated AfDB’s code of ethics – Adesina

The President of the African Development Bank, AfDB, Dr Akinwumi Adesina, has reiterated his confidence in the integrity of the Bank

27 May 18:07 Vanguard News 4125100340724902708.html
Hong Kong unrest worries curb global shares rally

27 May 08:40 3 articles

Hong Kong unrest worries curb global shares rally

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

27 May 08:40 CNA 5644198862968126237.html
Geopolitical time bomb ticks under market rally

Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.

27 May 07:19 Australian Financial Review 3974284487450888230.html
Stock markets mixed as China-US tensions return to fore

HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...

27 May 09:15 Malaymail 302165935234399886.html
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

27 May 12:54 3 articles

Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.

27 May 12:54 Business Insider 6060062401071377852.html
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore

Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg

27 May 12:54 www.businessinsider.sg 5090408757302619580.html
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer

Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.

27 May 12:54 Business Insider Malaysia 8325046883887050172.html
European Commissions unveils €750-billion recovery plan

27 May 15:41 1 article

European Commissions unveils €750-billion recovery plan

The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday

27 May 15:41 Times of Oman 5168079154662746097.html
Amazon provides free COVID-19 health insurance for its sellers

27 May 16:33 2 articles

Amazon provides free COVID-19 health insurance for its sellers

Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.

27 May 16:33 The Financial Express 1288289580346812632.html
Amazon offers free health cover upto ₹50,000 for its sellers

Amazon on Wednesday said it would provide a COVID-19 health insurance, completely free of cost, for its sellers in India. The insurance will cover the expenses related to COVID-19 hospitalisation and

27 May 10:55 The Hindu 6679535024248353932.html
Wall Street gains with economic hopes; bank stocks jump

27 May 20:11 4 articles

Wall Street gains with economic hopes; bank stocks jump

The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...

27 May 20:11 CNA 5644198864117017145.html
Wall Street rises with economic hopes; bank stocks jump

NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...

27 May 22:34 Malaymail 302165935030535732.html
Wall Street gains with economic hopes; bank stocks jump

By Caroline Valetkevitch (Reuters) - U.S.

27 May 20:36 Firstpost 4760741713810166811.html
Wall Street closes higher on economic revival hopes

Stocks closed higher on Wall Street Wednesday, extending the market's gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home mandates imposed due to the coronavirus pandemic and clear the way for more businesses to reopen.Despite a choppy day of trading, the S&P 500 gained 1.5% and finished above the 3,000-point mark for the first time since early March. The Dow Jones Industrial Average crossed above 25,000 points, where it hasn't closed since March.Financial, industrial and health care stocks accounted for a big slice of the gains.

27 May 21:10 THE OKLAHOMAN 7193318762449263898.html
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28

27 May 20:32 4 articles

Govt to discontinue 7.75% taxable savings bonds scheme from May 28

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

27 May 20:32 Business-Standard 1502508924982689384.html
Government to withdraw 7.75% Savings (Taxable) Bonds scheme

The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.

27 May 23:03 The Financial Express 1288289580877052302.html
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28

“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.

27 May 00:00 Moneycontrol 1603024963694243060.html
Govt to discontinue 7.75% saving bonds from May 28

The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the

27 May 23:06 Deccan Herald 2027555796255128758.html
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

27 May 00:00 3 articles

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

27 May 00:00 Moneycontrol 1603024964465119211.html
COVID-19 to accelerate digital adoption in India; Jio helped spur internet usage: Morgan Stanley

India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US. Morgan Stanley projected India's 670 million internet users to rise to 914 million by 2027 and online shoppers to jump to 590 million from 190 million in 2020.

27 May 08:31 The Economic Times 7653256038126151773.html
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

27 May 12:44 Business-Standard 1502508924778976288.html
Tesla knocks $5,000 off Model X price as coronavirus hurts demand

27 May 12:45 3 articles

Tesla cuts prices by as much as 6per cent in North America to boost demand

BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...

27 May 12:45 CNA 5644198863783458407.html
Tesla knocks $5,000 off Model X price as coronavirus hurts demand

Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model

27 May 14:52 New York Post 7654946769457079654.html
Tesla cuts prices by as much as 6% in North America to boost demand

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.

27 May 00:00 Moneycontrol 1603024965089035918.html
Tech selloff weighs on S&P 500, Nasdaq

27 May 06:46 4 articles

Microsoft: On The Edge

Analysts remain optimistic about Microsoft. Now it’s rare enough. MSFT's price is now balanced relative to the main blue chips on Nasdaq. The capitalization of

27 May 06:46 Seeking Alpha 5725634557174223459.html
Tech selloff weighs on S&P 500, Nasdaq

Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...

27 May 20:11 CNA 5644198863388023940.html
S&P 500 rises on boost from bank shares

S&P 500 rises on boost from bank shares

27 May 00:00 Investing.com 5710361975849071420.html
Tech selloff weighs on S&P 500, Nasdaq

Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.

27 May 00:00 Moneycontrol 1603024965340871069.html
Macron unveils US$8.8b French auto rescue, champions electric cars

27 May 07:30 3 articles

Macron's $8.8 billion plan would make France Europe's top clean car producer

President Emmanuel Macron announced an 8 billion euro (7 billion pounds) plan on Tuesday to make France the top producer of clean vehicles in Europe and urged French carmakers to make vehicles in their own country. French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the auto sector badly, and Macron wants to accelerate the transition to electric cars to help revive the industry. "We need a motivational goal: make France Europe's top producer

27 May 07:30 Autoblog 4372976972591981778.html
Macron unveils US$8.8b French auto rescue, champions electric cars

ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an eight billion euro (US$8.8 billion) plan to revive France's auto ...

27 May 01:52 CNA 5644198863367219333.html
France unveils $8.7 billion plan to rescue ailing car industry

The plan focuses on the production of environmentally-friendly vehicles

27 May 16:34 Times of Oman 5168079156045665110.html
UK PM Johnson to join post-Brexit talks as key deadline nears

27 May 17:04 1 article

UK PM Johnson to join post-Brexit talks as key deadline nears

UK Prime Minister Boris Johnson will meet EU leaders in a bid to reinvigorate stalled post-Brexit negotiations ahead of a key deadline, officials said on Wednesday. Britain officially left the

27 May 17:04 Deccan Herald 2027555798000351244.html
IAF gets second Tejas squadron; Air Chief shows the way with solo sortie

27 May 21:13 2 articles

IAF gets second Tejas squadron; Air Chief shows the way with solo sortie

Air force chiefs, including Pakistan's recently, often go up for a spin to boost the morale of their fighter pilots.

27 May 21:13 Business-Standard 1502508925386956763.html
'Flying Bullets' operationalised, IAF chief takes Tejas sortie

Coimbatore: Chief of Air Staff Air Chief Marshal R K S Bhadauria flew a Tejas single-seater light combat aircraft at the Sulur air force station on Wednesday. Officials said Air Chief Marshal...

27 May 08:46 www.thehawk.in 4118436624751557076.html
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

27 May 10:28 2 articles

Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of

27 May 10:28 The Times of India 6060938663493624055.html
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19

NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »

27 May 10:55 ISSCNC 6824315491402382399.html
Airlines given $123 billion in state aid – IATA

27 May 03:49 3 articles

Global airlines body raises alarm over bailout debts

Says heavy debts from govts will delay indust­ry’s recove­ry

27 May 03:49 The Express Tribune 1105816786720511928.html
Airlines given $123 billion in state aid – IATA

While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid

27 May 00:00 Rappler 1882105643682260102.html
Airline debt could rise to US$550 billion by year-end: IATA

IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…

27 May 00:00 Business Traveller 900610881179523494.html
Coinbase Strengthens Institutional Focus, Acquires Leading Crypto Brokerage

27 May 14:38 3 articles

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.

27 May 14:38 Bitcoinist.com 1696346936465631618.html
Coinbase Buys Tagomi to Boost Institutional Trading

Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.

27 May 12:38 Finance Magnates 8992138266364480090.html
Coinbase Strengthens Institutional Focus, Acquires Leading Crypto Brokerage

Major cryptocurrency firms continue to pave the way for institutional involvement in the space. The US-based digital asset exchange, Coinbase, just

27 May 11:54 CryptoPotato 7087008390309041541.html
Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday

27 May 14:32 3 articles

Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore

Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg

27 May 14:32 www.businessinsider.sg 5090408756742064327.html
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries

Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.

27 May 14:32 Business Insider Malaysia 8325046883326494919.html
Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday

Shares of cruise industry stocks jumped out of the gate Wednesday -- then dropped anchor.

27 May 16:05 The Motley Fool 2231313658589508298.html
The demise of oil may have been greatly exaggerated

27 May 19:15 3 articles

The demise of oil may have been greatly exaggerated

The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.

27 May 19:15 The Age 7967730562918306578.html
The demise of oil may have been greatly exaggerated

The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.

27 May 19:15 Brisbane Times 2314609339937379090.html
The demise of oil may have been greatly exaggerated

The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.

27 May 19:15 WAtoday 6806590900383568658.html
Super funds lose access to matching feature over fraud fears

27 May 08:19 3 articles

Super funds lose access to matching feature over fraud fears

Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.

27 May 08:19 The Age 7967730562504989739.html
Super funds lose access to matching feature over fraud fears

Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.

27 May 08:19 Brisbane Times 2314609339524062251.html
Super funds lose access to matching feature over fraud fears

Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.

27 May 08:19 WAtoday 6806590899970251819.html
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore

27 May 18:56 1 article

Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore

Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg

27 May 18:56 www.businessinsider.sg 5090408755662872998.html
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore

27 May 13:35 2 articles

Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore

Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg

27 May 13:35 www.businessinsider.sg 5090408757282187262.html
Dow climbs 325 points as investors cheer efforts to boost global economies

US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.

27 May 13:35 Business Insider Malaysia 8325046883866617854.html
Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility', Business Insider - Business Insider Singapore

27 May 13:01 2 articles

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility', Business Insider - Business Insider Singapore

Business Insider - Fresh risk-on attitude and the Fed's lending efforts can drive a strong rally as long as a second wave of COVID cases is avoided, Siegel said.. Read more at businessinsider.sg

27 May 13:01 www.businessinsider.sg 5090408756920649840.html
Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains ‘a real possibility’

Wharton finance professor Jeremy Siegel still sees a scenario where the stock market breaches new highs before the year is out, despite reopening risks, historic unemployment, and a deep recession.

27 May 13:01 Business Insider Malaysia 8325046883505080432.html
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago

27 May 11:12 2 articles

RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic

Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago

27 May 11:12 The Globe and Mail 68426411024339851.html
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago

A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.

27 May 11:13 CTVNews 2422791598426356315.html
Residential building declines as government considers cash grants for new homes

27 May 04:10 3 articles

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

27 May 04:10 The Age 7967730562597208352.html
Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

27 May 04:10 Brisbane Times 2314609339616280864.html
Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

27 May 04:10 WAtoday 6806590900062470432.html
Need for growing NDB into global development institution: FM Nirmala Sitharaman

27 May 00:00 3 articles

Need for growing NDB into global development institution: FM Nirmala Sitharaman

She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.

27 May 00:00 Moneycontrol 1603024964559819899.html
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez

The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said

27 May 16:35 Business-Standard 1502508925326442805.html
Need for growing NDB into global development institution: FM Nirmala Sitharaman

In her remarks at the meeting, Sitharaman appreciated Kamath for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS (Brazil, Russia, India, China and South Africa) leaders in 2014.

27 May 21:22 The Financial Express 1288289580136642424.html
All three Detroit automakers had workers test positive for COVID-19 since plants reopened

27 May 18:45 3 articles

Reopened US car factories see coronavirus cases as production rolls on

In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US

27 May 18:45 New York Post 7654946768299165648.html
All three Detroit automakers had workers test positive for COVID-19 since plants reopened

In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...

27 May 23:55 CNA 5644198863239673217.html
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened

27 May 00:00 Investing.com 5710361976055736452.html
Amtrak requests additional $1.5B in federal funding for coronavirus relief

27 May 12:01 4 articles

Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership

Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.

27 May 12:01 New York Post 7654946768091117197.html
Amtrak requests additional $1.5B in federal funding for coronavirus relief

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

27 May 01:59 UPI 8257973864457788238.html
Amtrak set to cut up to 20% of workforce by October

Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...

27 May 02:27 MarketWatch 8975941548546565814.html
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery

Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees. 

27 May 00:42 Bloomberg.com 4032480121813641280.html
Administrators deny South African Airways set to start flying

27 May 14:25 4 articles

Administrators deny South African Airways set to start flying

South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...

27 May 14:25 CNA 5644198862742675614.html
SAA administrators see reasonable chance of rescuing the airline

The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.

27 May 00:00 BusinessTech 2153596440634328638.html
Administrators deny South African Airways set to start flying

JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.

27 May 00:00 The Zimbabwe Mail 3765424161335411329.html
SAA can still be saved with funding - administrators

SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.

27 May 00:00 ewn.co.za 2308610106719605636.html
Players call MLB's economic proposal ' extremely disappointing'

27 May 00:11 6 articles

Reports: Players balk at MLB's pay-cut proposal

Major League Baseball presented its players union with a revised economic plan for the yet-to-start 2020 season on Tuesday, proposing a sliding-scale of pay cuts, with the top-paid stars due to take the biggest hits.

27 May 00:11 National Post 4816958590421645194.html
MLB’s Latest Pitch: Lower Pay For Million-Dollar Players

If baseball returns to parks this year, the highest paid players could lose most of their salaries, according to a proposal by Major League Baseball (MLB).

27 May 20:58 PYMNTS.com 7357138825929047519.html
Players call MLB's economic proposal ' extremely disappointing'

The MLBPA said "the sides also remain far apart on health and safety protocols.”

27 May 04:12 The Japan Times 6673764366313917507.html
Players call MLB economic proposal 'extremely disappointing'

A rookie at the major league minimum would make a higher percentage of his salary than multimillionaire stars like Mike Trout or Gerrit Cole under a six-tier, sliding-scale proposal by big league teams that players found “extremely disappointing.” Major League Baseball made the proposal to the players' union on Tuesday…

27 May 04:45 Japan Today 8582716285669751574.html
Players call MLB economic proposal `extremely disappointing’ | Honolulu Star-Advertiser

NEW YORK >> A rookie at the major league minimum would make a higher percentage of his salary than multimillionaire stars like Mike Trout or Gerrit Cole under a six-tier, sliding-scale proposal by big league teams that players found “extremely disappointing.”

27 May 02:27 Star-Advertiser 3439335389419842828.html
MLB owners sending latest plan to MLBPA that includes sliding pay scale for players

PHOENIX — Major League Baseball and the Major League Baseball Players Association began negotiations Tuesday afternoon for the first time on key economic issues in an attempt to open the season by the weekend of July 4. MLB owners had approved a plan earlier Tuesday and were presenting it to the union. The plan, three people with knowledge of the proposal told USA TODAY Sports, does not include the same 50-50 revenue-sharing split the owners agreed on two weeks ago that was never submitted to the union. The three spoke to USA TODAY Sports on the condition of anonymity since they were not authorized to speak publicly due to ongoing negotiations.

27 May 06:05 THE OKLAHOMAN 7193318762127642570.html
Asian stocks pull back as Hong Kong uncertainty weighs

27 May 08:40 3 articles

Asian stocks pull back as Hong Kong uncertainty weighs

Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...

27 May 08:40 CNA 5644198862638585230.html
Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

27 May 00:00 Investing.com 5710361975431629313.html
Hong Kong unrest worries curb global shares rally

TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...

27 May 08:46 Malaymail 302165935073299171.html
Mukesh Ambani’s youngest son Anant Ambani on board of Jio Platforms; here’s what he had said about RIL

27 May 11:12 2 articles

Mukesh Ambani’s youngest son Anant Ambani on board of Jio Platforms; here’s what he had said about RIL

Anant Ambani, the youngest son of Asia’s richest person Mukesh Ambani, has formally joined the group’s digital venture Jio Platforms as an additional director.

27 May 11:12 The Financial Express 1288289580239548379.html
Anant Ambani follows 2 older siblings, joins Jio as director

Anant Ambani (File photo) MUMBAI: More than five years after his older siblings were appointed to the boards of key … Anant Ambani follows 2 older siblings, joins Jio as director Read More »

27 May 21:48 ISSCNC 6824315490815661890.html
The end of Europe's Chinese dream

27 May 09:56 3 articles

The end of Europe's Chinese dream

Three developments have led the EU to abandon its goal of closer economic ties.

27 May 09:56 The Japan Times 6673764367102147394.html
China and the attractions of authoritarianism

How the country has been hurt by Covid-19.    

27 May 00:00 New Statesman 903924181680718418.html
The book you need if you want to understand China right now

As China-US relations deteriorate, a new book argues Washington and its allies should engage with Beijing instead of provoking it.

27 May 01:01 Australian Financial Review 3974284487030729001.html
India initiates anti-dumping probe into imports of polyester yarn from 4 countries

27 May 10:15 1 article

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

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

27 May 10:15 The Economic Times 7653256037227258277.html
Reliance’s $7 billion rights rings in new trading venue in India

27 May 06:31 2 articles

Reliance’s $7 billion rights rings in new trading venue in India

Reliances rights entitlement began trading on May 20 at 151.15 rupees.

27 May 06:31 The Economic Times 7653256037466507887.html
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue

Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.

27 May 14:55 The Financial Express 1288289581327305121.html
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore

27 May 21:30 3 articles

Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore

Business Insider - Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.. Read more at businessinsider.sg

27 May 21:30 www.businessinsider.sg 5090408757546802372.html
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June

Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.

27 May 21:30 Business Insider 6060062400836940740.html
Congress has yet to agree on the latest coronavirus relief package, so don’t expect another stimulus check in June

Americans probably shouldn’t count on getting another coronavirus stimulus check in June.

27 May 21:30 Business Insider Malaysia 8325046884131232964.html
RIL-RE price jumps 11% on Day 5 on high volumes

27 May 20:23 3 articles

RIL-RE price jumps 11% on Day 5 on high volumes

RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.

27 May 20:23 The Financial Express 1288289579575836385.html
RIL RE price jumps 11% on Day 5 on high volumes

RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.

27 May 13:41 The Economic Times 7653256036981953631.html
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes

With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day

27 May 14:04 Firstpost 4760741711738228630.html
Govt may launch coal blocks auction under commercial mining on Jun 11

27 May 12:12 3 articles

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

27 May 12:12 Business-Standard 1502508925317405421.html
Govt may launch coal blocks auction process under commercial mining on June 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

27 May 00:00 Moneycontrol 1603024965426105355.html
Govt may launch coal blocks auction process

The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected

27 May 00:00 Telangana Today 8182025567547550580.html
ECB’s Lagarde ‘not overly concerned’ about new euro crisis

27 May 09:38 3 articles

Lagarde: It’s even worse than we thought

ECB president supports more public spending as milder economic predictions are ‘out of date.’

27 May 09:38 POLITICO 2584151345739671650.html
Preview: A Youth Dialogue with ECB’s Lagarde on the COVID-19 response

The European Central Bank (ECB) President Christine Lagarde’s speech will be closely eyed ahead of the European Union (EU) Summit to reach an agreemen

27 May 06:37 FXStreet 4480975640135776627.html
ECB’s Lagarde ‘not overly concerned’ about new euro crisis

FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...

27 May 09:40 Malaymail 302165934480159295.html
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

27 May 17:30 2 articles

NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".

27 May 17:30 The Financial Express 1288289581156634376.html
NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

27 May 17:17 The Hindu 6679535024466893076.html
UK lockdown drives fastest growth in grocery sales for over 25 years

27 May 15:46 1 article

UK lockdown drives fastest growth in grocery sales for over 25 years

United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.

27 May 15:46 The Jakarta Post 7678601102676200056.html
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore

27 May 18:15 2 articles

The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows

The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...

27 May 18:15 Business Insider 3364799146558324793.html
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore

Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg

27 May 16:11 www.businessinsider.sg 5090408756039537524.html
Robinhood says it's fixed an issue that showed incorrect portfolio values for users

27 May 19:57 1 article

Robinhood says it's fixed an issue that showed incorrect portfolio values for users

Robinhood said Wednesday it fixed an issue that led some users' portfolios to display incorrect balances. The company tweeted it 'encountered an...

27 May 19:57 Business Insider 3364799147065141718.html
Chinese and French State-owned Enterprises Bid to Construct UK's Second Nuclear Reactor in UK

27 May 15:48 1 article

Chinese and French State-owned Enterprises Bid to Construct UK's Second Nuclear Reactor in UK

As the United Kingdom looks to revive its economy as it emerges from the coronavirus pandemic and pursues trade agreements after formally withdrawing from the European...

27 May 15:48 Sputniknews 967333868873270002.html
World economic prospects darken, rebound delayed: Reuters poll

27 May 08:15 3 articles

World economic prospects darken, rebound delayed: Reuters poll

Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...

27 May 08:15 CNA 5644198862458580179.html
World economic prospects darken, rebound delayed: Poll

With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally

27 May 00:00 Moneycontrol 1603024965357179901.html
World economic prospects darken, rebound delayed – Poll

BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.

27 May 00:00 The Zimbabwe Mail 3765424161539600660.html
Mexico's auto industry restart gathers steam, Ford still waiting

27 May 06:55 2 articles

Mexico's auto industry restart gathers steam, Ford still waiting

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...

27 May 06:55 CNA 5644198862304258540.html
Mexico's auto industry restart gathers steam as lockdown eases

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...

27 May 06:55 CNA 5644198864158598029.html
The Hertz Bankruptcy And Used Vehicle Values

27 May 20:36 4 articles

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore

Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg

27 May 20:36 www.businessinsider.sg 5090408755502572234.html
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.

27 May 20:36 Business Insider 6060062399271330506.html
The Hertz Bankruptcy And Used Vehicle Values

Hertz has gone bust and that's that - but the interesting thing is why? For the answer to that tells us a lot about what happens next. For example, there are wo

27 May 20:05 Seeking Alpha 5725634556229203878.html
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.

27 May 20:36 Business Insider Malaysia 8325046882087002826.html
Why Kotak Mahindra Bank share price rose 8% today

27 May 04:40 4 articles

Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share

The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.

27 May 04:40 The Economic Times 7653256037810584898.html
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale

The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.

27 May 00:47 The Financial Express 1288289581179010107.html
Why Kotak Mahindra Bank share price rose 8% today

Share price of Kotak Mahindra Bank rose up to 7.81% to  Rs 1,242.55 compared to the previous close of Rs 1,152 on BSE

27 May 09:37 Business Today 1145527431849663669.html
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement

Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares

27 May 06:02 Firstpost 4760741711795903842.html
ICRA expects muted participation in spectrum auction, sees industry debt rising

27 May 20:40 2 articles

ICRA expects muted participation in spectrum auction, sees industry debt rising

It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.

27 May 20:40 The Financial Express 1288289580555832775.html
Moderate participation expected in spectrum auctions: ICRA

IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at

27 May 15:30 The Navhind Times 3656927214980191116.html
Second Iranian Oil Tanker Arrives At Venezuela's Largest Refinery

27 May 09:00 2 articles

Effects of Iranian Oil Ships’ Arrival in Venezuela

Two of the five Iranian oil vessels have already arrived in Venezuela. The first one, the Fortune, docked at El Palito refinery. The arrival of the tankers in the midst...

27 May 09:00 Sputniknews 967333869278866433.html
Second Iranian Oil Tanker Arrives At Venezuela's Largest Refinery

A second Iranian tanker carrying gasoline and oil derivatives has arrived at crisis-stricken Venezuela's main oil refinery, amid escalating tensions between Washington and the two U.S.-sanctioned countries.

27 May 06:24 Radio Free Europe / Radio Liberty 5891794163779745925.html
Tuesday Morning Seeks Chapter 11 Bankruptcy Protection

27 May 13:05 4 articles

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.

27 May 13:05 Business Insider 6060062400281951394.html
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore

Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg

27 May 13:05 www.businessinsider.sg 5090408756513193122.html
Tuesday Morning Seeks Chapter 11 Bankruptcy Protection

Retailer Tuesday Morning has filed voluntary petitions for Chapter 11 in the United States Bankruptcy Court to pursue "financial and operational reorganization."

27 May 14:51 PYMNTS.com 7357138825041810335.html
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.

27 May 13:05 Business Insider Malaysia 8325046883097623714.html
G.R. Chintala is new chairman of NABARD

27 May 18:19 2 articles

G.R. Chintala is new chairman of NABARD

G.R. Chintala is the new chairman of the National Bank for Agriculture and Rural Development (NABARD). He has served in various capacities in the bank, including as managing director, NABARD Financial

27 May 18:19 The Hindu 6679535026098666350.html
NABARD gets its new chief, G R Chintala

27 May 15:33 Free Press Journal 9080771788247221189.html
Total number of coronavirus cases in Gulf Arab states surpasses 200,000: Reuters tally

27 May 19:17 2 articles

Total number of coronavirus cases in Gulf Arab states surpasses 200,000: Reuters tally

DUBAI (Reuters) - The number of coronavirus cases in the six Gulf Arab states doubled in less than a month to surpass 200,000 on Wednesday, according to a Reuters’ tally, at a time the region’s two biggest economies move to resume activity.

27 May 19:17 Reuters 8334514181680513892.html
Total coronavirus cases in Gulf Arab states surpass 200,000, tally shows

DUBAI, May 28 — The number of coronavirus cases in the six Gulf Arab states doubled in less than a month to surpass 200,000 yesterday, according to a Reuters' tally, at a time the region's two biggest economies move to resume activity. Coronavirus infections in the energy producing region, which...

27 May 23:31 Malaymail 302165935083235030.html
EU pledges 40 billion euros for 'just transition' from fossil fuels

27 May 16:44 2 articles

EU pledges 40 billion euros for 'just transition' from fossil fuels

BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.

27 May 16:44 Reuters 8334514181169004654.html
EU pledges €40b for ‘just transition’ from fossil fuels

BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...

27 May 14:01 Malaymail 302165935125446191.html
Thai parliament urged to pass record $60-billion virus stimulus bill

27 May 21:30 2 articles

Thai parliament urged to pass record US$60 billion coronavirus stimulus bill

Thailand's premier on Wednesday urged parliament to approve the kingdom's biggest-ever stimulus package to revive an economy battered by ...

27 May 21:30 CNA 5644198862660353522.html
Thai parliament urged to pass record $60-billion virus stimulus bill

'To get the country back on track...we urgently need the budget of 1.9 trillion baht,' says Thai Prime Minister Prayut Chan-o-cha

27 May 13:15 Rappler 1882105642898999295.html
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie

27 May 15:17 2 articles

Court hears 14 ‘credible’ expressions of interest in Joe.ie company

Examiner appointed to Maximum Media Network

27 May 15:17 The Irish Times 8204772967387645408.html
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie

An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.

27 May 15:27 Irishexaminer 8196011178456631943.html
Oppo pushes its Chip development ambitions as US ban hits Huawei

27 May 14:40 2 articles

The Trump Administration’s War on Huawei Could Hurt These 3 Stocks

TSMC and two other tech giants could become collateral damage in the tech war.

27 May 14:40 The Motley Fool 2231313657743236041.html
Oppo pushes its Chip development ambitions as US ban hits Huawei

The popular Chinese smartphone vendor, Oppo, is pushing forward with its efforts to design its proprietary mobile chipsets. It had initially begun focus on chip development back in 2019 when Huawei was hit with the trade ban. Now, the company is aggressively pushing for the self-made chips after recent sanctions have effectively cutoff Huawei’s chip …

27 May 09:28 Gizmochina 1751854816167722713.html
American Woodmark Corporation (AMWD) CEO Cary Dunston on Q4 2020 Results - Earnings Call Transcript

27 May 21:52 3 articles

$20 trillion recession to come? Impact of Coronavirus on the world economy

Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.

27 May 21:52 New Vision 9103146372722021802.html
In pics | Economic impact of coronavirus pandemic in India as per CRISIL

Highlighting the grave economic impact of COVID-19, Crisil has said India is staring at its worst recession since Independence. Here are its impact on key indicators

27 May 00:00 Moneycontrol 1603024964706286943.html
American Woodmark Corporation (AMWD) CEO Cary Dunston on Q4 2020 Results - Earnings Call Transcript

American Woodmark Corporation (NASDAQ:AMWD) Q4 2020 Earnings Conference Call May 26, 2020 11:00 AM ET Corporate Participants Scott Culbreth - CFO Cary Dunston -

27 May 00:29 Seeking Alpha 5725634557255865018.html
Govt to use five hubs to bring back Indians on Vande Bharat flights

27 May 15:55 1 article

Govt to use five hubs to bring back Indians on Vande Bharat flights

Over 275 Indians stranded in Mexico, Peru, Portugal and Netherlands returned via Amsterdam in first such flight on Wednesday

27 May 15:55 Business-Standard 1502508926050416265.html
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

27 May 04:26 3 articles

Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review

27 May 04:26 Business-Standard 1502508924867250727.html
Wonderla's net profit falls in Q4 to 1.56 crore

Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...

27 May 18:10 The Hans India 817019415432388670.html
Wonderla FY20 net profit up 17%

Amusement park operator Wonderla Holidays reported a net profit of Rs 64.78 crore for the financial year ended March 31, 2020,

27 May 00:00 Telangana Today 8182025568459293421.html
Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss

27 May 13:09 3 articles

Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss

The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing

27 May 13:09 Business-Standard 1502508926139712526.html
Sun Pharma Q4 profit declines 37%

Sun Pharmaceutical Industries Ltd. has reported 37% drop in consolidated net profit for the fourth quarter ended March 31, 2020 at ₹400 crore as compared to ₹636 crore in the same period last year. Th

27 May 16:54 The Hindu 6679535026272869767.html
Sun Pharma share price falls 3.5% post Q4 earnings

Stock price of Sun Pharma has fallen 1.12% in one week and 8% in one month. However, the stock has risen 4.17% since the beginning of the year.

27 May 13:05 Business Today 1145527431992859508.html
Debt downgrades can push India bank fund raising to $20 billion

27 May 15:11 1 article

Debt downgrades can push India bank fund raising to $20 billion

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.

27 May 15:11 The Financial Express 1288289581597414109.html
FIA approves F1's budget cap reduction and handicap system

27 May 21:53 6 articles

FIA approves F1's budget cap reduction and handicap system

There will be greater aerodynamic restrictions for the more successful teams in a development handicap system.

27 May 21:53 The Age 7967730561799814194.html
FIA approves F1's budget cap reduction and handicap system

There will be greater aerodynamic restrictions for the more successful teams in a development handicap system.

27 May 21:53 Brisbane Times 2314609338818886706.html
FIA approves Formula One budget caps over next five seasons starting from 2021

The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.

27 May 19:30 Shropshire Star 3480199993133770375.html
FIA approves F1 budget caps over next five seasons starting from 2021

The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.

27 May 21:59 Sports Mole 7750663361985958912.html
FIA approves Formula One budget caps over next five seasons starting from 2021

The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.

27 May 19:31 Jersey Evening Post 6141642773560021442.html
FIA approves F1's budget cap reduction and handicap system

There will be greater aerodynamic restrictions for the more successful teams in a development handicap system.

27 May 21:53 WAtoday 6806590899265076274.html
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom

27 May 14:08 3 articles

Commentary: China's tensions could boost Hong Kong's stock exchange

HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.

27 May 14:08 CNA 5644198862794547714.html
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom

Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad

27 May 02:17 FXStreet 4480975639905208520.html
China traders buying Hong Kong stocks like never before

History shows mainland buying tends to pick up when Hong Kong shares drop.

27 May 10:14 Moneyweb 1092550947965457950.html
Bellagio, MGM Grand, Caesars Resorts to Reopen in Las Vegas on June 4

27 May 19:53 3 articles

First Las Vegas casinos to reopen on the Strip are revealed

Vegas is betting that it’s time to reopen.

27 May 19:53 Fox News 7362823821315549713.html
Bellagio, MGM Grand, Caesars Resorts to Reopen in Las Vegas on June 4

Multiple casino-resorts plan to open their doors amid COVID-19 world restrictions and new safety protocols.

27 May 19:10 The Hollywood Reporter 121801344228742758.html
Caesars Palace, Bellagio among Las Vegas Strip hotel-casinos reopening June 4

Some of the biggest hotel-casinos on the Las Vegas Strip will reopen on June 4, with individual safety measures in place at each property. On Tuesday, Nevada Gov. Steve Sisolak (D) gave the green light, saying the gaming industry can start up again next week as part of Phase 2 of the state's reopening. "We continue to see a consistent and sustainable downward trajectory of percentage of positive COVID-19 cases and a decrease in the trend of COVID-19 hospitalizations," he said. The state's hotels and casinos have been closed since March 18, and not all will reopen on June 4. Caesars Entertainment said it will resume operations at Caesars Palace and the Flamingo, and based on demand, will later reopen Harrah's and the gaming floor at The LINQ. MGM Resorts will also start slow, with just the Bellagio, MGM Grand, The Signature at MGM Grand, and New York-New York reopening. Amenities at all locations will be limited. Derek Stevens, owner of The D Las Vegas and Golden Gate in downtown Las Vegas, is tempting U.S. tourists…

27 May 23:48 The Week 149215355757476928.html
WA sends bureaucrat to China on 'Belt and Road' mission after Premier rules out deal with Beijing

27 May 22:13 2 articles

WA sends bureaucrat to China on 'Belt and Road' mission after Premier rules out deal with Beijing

The WA government has sent a senior bureaucrat on a mission to China organised by an organisation advising the Victorian government on its Belt and Road Initiative deal with Beijing.

27 May 22:13 The Age 7967730561504519430.html
WA sends bureaucrat to China on 'Belt and Road' mission after Premier rules out deal with Beijing

The WA government has sent a senior bureaucrat on a mission to China organised by an organisation advising the Victorian government on its Belt and Road Initiative deal with Beijing.

27 May 22:13 Brisbane Times 2314609338523591942.html
Bank stocks rake in $17 billion as investors revel in recovery party

27 May 07:03 2 articles

Bank stocks rake in $17 billion as investors revel in recovery party

Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.

27 May 07:03 The Age 7967730562280611766.html
Bank stocks rake in $17 billion as investors revel in recovery party

Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.

27 May 07:03 Brisbane Times 2314609339299684278.html
Bushland wins last-minute reprieve from developers

27 May 05:53 2 articles

Bushland wins last-minute reprieve from developers

The Federal Court has ordered the developer of a planned housing estate in threatened woodland on the NSW South Coast to halt work.

27 May 05:53 The Age 7967730562743201412.html
Bushland wins last-minute reprieve from developers

The Federal Court has ordered the developer of a planned housing estate in threatened woodland on the NSW South Coast to halt work.

27 May 05:53 Brisbane Times 2314609339762273924.html
'Lift your game or go': APRA ups pressure on super funds to merge

27 May 07:19 2 articles

'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

27 May 07:19 The Age 7967730561987353579.html
'Lift your game or go': APRA ups pressure on super funds to merge

'Lift your game or exit the industry' is the message from the prudential regulator.

27 May 07:19 Brisbane Times 2314609339006426091.html
Another two Grow Super staff stood aside amid Dally M scandal

27 May 07:59 2 articles

Another two Grow Super staff stood aside amid Dally M scandal

Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.

27 May 07:59 The Age 7967730563141074219.html
Another two Grow Super staff stood aside amid Dally M scandal

Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.

27 May 07:59 Brisbane Times 2314609340160146731.html
Italy's RCS says it may win damages in dispute with Blackstone after ruling

27 May 02:55 2 articles

Italy's RCS says it may win damages in dispute with Blackstone after ruling

Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...

27 May 02:55 CNA 5644198863980757295.html
Blackstone risks paying damages in dispute with Italy's RCS

Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...

27 May 02:55 CNA 5644198864160073890.html
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report

27 May 14:47 1 article

Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report

Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs

27 May 14:47 Business-Standard 1502508925153152501.html
Online sales surge helps Ralph Lauren recover in China

27 May 20:21 3 articles

Online sales surge helps Ralph Lauren recover in China

Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...

27 May 20:21 CNA 5644198862346079537.html
Ralph Lauren Sales Slip In COVID-19 Crisis

The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.

27 May 12:58 WWD 5490910669765826338.html
Ralph Lauren speeds up online shift as store reopenings continue

Ralph Lauren Corp. has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world.

27 May 14:53 BNN 3833521688779846061.html
Over a third of Indian women don't own gold but want to buy it: WGC survey

27 May 09:57 1 article

Over a third of Indian women don't own gold but want to buy it: WGC survey

60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.

27 May 09:57 Business-Standard 1502508924988160592.html
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore

27 May 19:49 3 articles

These 5 'stay at home' stocks are getting pounded as the US economy reopens

All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.

27 May 19:49 Business Insider 6060062399982133819.html
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore

Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg

27 May 19:49 www.businessinsider.sg 5090408756213375547.html
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens

A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.

27 May 19:49 Business Insider Malaysia 8325046882797806139.html
Nigeria to amend National Endowment for Arts law

27 May 18:19 3 articles

Nigeria to amend National Endowment for Arts law

Nigeria is set to amend the legislation establishing the National Endowment for the Arts, to strengthen the industry..................

27 May 18:19 Premium Times Nigeria 5456729300163939251.html
FG to ammend National Endowment for the Arts Act

The Federal Government is to ammend the Act establishing the National Endowment for the Arts, to better meet the demands of the creative..

27 May 21:41 Latest Nigeria News, Nigerian Newspapers, Politics 2658445901192755391.html
Why we want to amend National Art Endowment Act —FG

Alhaji Lai Mohammed has said the Federal Government has concluded plans to amend the Act establishing the National Endowment for the Arts

27 May 22:00 Vanguard News 4125100340446350695.html
Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output

27 May 16:20 2 articles

Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output

MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.

27 May 16:20 Arab News 8912634264278771338.html
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further

27 May 18:36 Firstpost 4760741712553003288.html
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid

27 May 22:24 2 articles

Elgi Equipments to shut Chinese subsidiary on poor show

These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.

27 May 22:24 The Financial Express 1288289580926155220.html
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid

The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly

27 May 07:06 Business-Standard 1502508926086739371.html
Reality check on finding new export markets: China's demand dwarfs the rest

27 May 14:00 2 articles

Reality check on finding new export markets: China's demand dwarfs the rest

Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.

27 May 14:00 The Age 7967730562441055274.html
Reality check on finding new export markets: China's demand dwarfs the rest

Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.

27 May 14:00 Brisbane Times 2314609339460127786.html
Covid-19 to drive €4bn loan losses in Irish banks

27 May 09:16 2 articles

Covid-19 to drive €4bn loan losses in Irish banks

Pandemic will wipe out capital due to be returned to shareholders

27 May 09:16 The Irish Times 8204772967741569016.html
ASX edges lower, even as investors pump $18b into banks

The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.

27 May 06:36 Australian Financial Review 3974284486402943282.html
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem

27 May 16:34 2 articles

Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem

The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.  

27 May 16:34 Fox News 7362823820406970115.html
The spread of America's self-inflicted debt crisis

The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.

27 May 00:00 The Washington Times 8941836441878097398.html
Panama to relax coronavirus measures in second stage of re-opening

27 May 03:05 3 articles

Panama to relax coronavirus measures in second stage of re-opening

PANAMA CITY (Reuters) - The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

27 May 03:05 Reuters 8334514181770185437.html
Panama to relax coronavirus measures in 2nd stage of re-opening

PANAMA CITY — The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

27 May 03:03 National Post 4816958592299983856.html
Panama to relax coronavirus measures in second stage of re-opening

PANAMA CITY  – The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.

27 May 03:41 First Post Of India 844080067722495803.html
Natural Gas Price: Cautiously positive

27 May 00:00 3 articles

Using Scale-Down, Scale-Up Approach to Trade Natural Gas

Commodities Analysis by ETF Daily News (Andy Hecht) covering: Natural Gas Futures, United States Natural Gas Fund, LP. Read ETF Daily News (Andy Hecht)'s latest article on Investing.com

27 May 00:00 Investing.com 5710361975084034203.html
Natural gas futures up 0.54% in evening trade

In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.

27 May 00:00 Moneycontrol 1603024964128084813.html
Natural Gas Price: Cautiously positive

CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl

27 May 06:02 FXStreet 4480975640163165540.html
Turkish Airlines may delay delivery of Airbus, Boeing planes

27 May 16:50 2 articles

Turkish Airlines may delay delivery of Airbus, Boeing planes: Report

Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing ...

27 May 16:50 CNA 5644198863352665506.html
Turkish Airlines may delay delivery of Airbus, Boeing planes

ISTANBUL: Turkish Airlines, which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing and Airbus planes, its chairman was quoted as saying on Wednesday. The carrier plans to begin some domestic flights on June 4 and some international flights on June 10 as airlines worldwide try to get planes flying again

27 May 09:24 Arab News 8912634263463739235.html
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street

27 May 16:52 3 articles

Sensex rises 1,000 points as banking stocks shine

Axis Bank leads pack with 13.46% gain

27 May 16:52 The Hindu 6679535026268663467.html
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street

Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations

27 May 16:24 The Financial Express 1288289579930802028.html
Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

(Representative image) NEW DELHI: Equity indices finished higher on Wednesday with the benchmark BSE sensex rising nearly 1,000 points led … Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300 Read More »

27 May 11:55 ISSCNC 6824315491062587368.html
Stocks rally on EU stimulus plan, euro gains

27 May 12:03 2 articles

European stocks surge on expectation of EU recovery package

US equity futures advance ahead of opening

27 May 12:03 The Irish Times 8204772968331660521.html
Stocks rally on EU stimulus plan, euro gains

NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...

27 May 22:48 Malaymail 302165936027962671.html
Saudi Arabia’s private sector employees to return to their offices

27 May 15:02 1 article

Saudi Arabia’s private sector employees to return to their offices

RIYADH: Private sector employees will be able to start working from their offices soon, Saudi Arabia’s Ministry of Human Resources and Social Development said on Wednesday. The ministry added that all private sector entities must prepare work spaces so that they are in line with Ministry of Health guidelines to prevent the spread of COVID-19. The Kingdom is easing coronavirus

27 May 15:02 Arab News 8912634262918204617.html
Flights to Kolkata from Mumbai to begin today

27 May 02:12 3 articles

Day 2: Airline operations smoother, but AI faces ire

Operations at India's airports were smoother on the second day after the chaos that marked the resumption of domestic flights on Monday.

27 May 02:12 The Economic Times 7653256037942069743.html
Flights to Kolkata from Mumbai to begin today

No flights to Chennai, Goa till May 31

27 May 18:46 The Hindu 6679535025780489147.html
IndiGo to help man who sold his goats to buy flight tickets

In Mumbai, a migrant labourer family sold three goats to buy air tickets but the flight got cancelled.IndiGo said it has now booked tickets for the workers at no extra charge

27 May 06:51 Livemint 6614605818624817940.html
German ECB executive shrugs off court ruling against bond buying

27 May 03:00 2 articles

German ECB executive shrugs off court ruling against bond buying

Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank

27 May 03:00 Ft 707176889000806710.html
ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling

In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli

27 May 03:20 FXStreet 4480975639386134693.html
Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over

27 May 21:01 2 articles

Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over

The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".

27 May 21:01 The Financial Express 1288289580262537813.html
Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over

India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem

27 May 15:15 The Times of India 6060938663523267491.html
Covid-19: China’s industrial firms profits fall in April but at slower pace

27 May 04:02 2 articles

Covid-19: China’s industrial firms profits fall in April but at slower pace

Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.

27 May 04:02 Hindustan Times 696565557752256177.html
Decline in China's industrial profits slows in April, outlook still gloomy

Decline in China's industrial profits slows in April, outlook still gloomy

27 May 00:00 Investing.com 5710361976102110563.html
Box Earnings: BOX Stock Drops 2% Despite Q1 EPS, Revenue Beats

27 May 22:22 2 articles

Box shares climb 6% as large-enterprise deals jump

Box Inc. shares climbed 6% in the extended session Wednesday after the enterprise-content platform reported fiscal first-quarter results that illustrated...

27 May 22:22 MarketWatch 8975941549626280230.html
Box Earnings: BOX Stock Drops 2% Despite Q1 EPS, Revenue Beats

Box (BOX) earnings for the cloud storage company's first quarter of 2020 have its stock on the move after markets closed on Wednesday.

27 May 20:47 InvestorPlace 24614510636083962.html
BMO profits slide

27 May 12:01 3 articles

Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses

Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier

27 May 12:01 The Globe and Mail 68426411013803367.html
BMO profits slide

BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

27 May 07:00 Castanet 616068603513143271.html
BMO reports Q2 profit down from year ago as provisions for credit losses rise

TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

27 May 10:18 KitchenerToday.com 52741010792986471.html
John Lewis reveals first stores to reopen doors on June 15

27 May 10:15 4 articles

John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

27 May 10:15 Express & Star 7324224460267499209.html
John Lewis unveils plans to reopen department stores from June 15

It is part of a phased reopening - but some stores are expected to remain shut.

27 May 12:58 Metro 970161747090536394.html
John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

27 May 10:14 Shropshire Star 3480199992721321673.html
John Lewis reveals first stores to reopen doors on June 15

The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.

27 May 10:16 Jersey Evening Post 6141642774802902729.html
Italy PM meeting with allies fails to break Atlantia deadlock

27 May 19:06 2 articles

Italy PM meeting with allies fails to break Atlantia deadlock

ROME (Reuters) - A meeting between Italy’s Prime Minister Giuseppe Conte and coalition allies on Wednesday to try settle a row over Atlantia’s motorway business yielded no progress, two government sources said.

27 May 19:06 Reuters 8334514181469635365.html
Italy PM meeting with allies fails to break Atlantia deadlock

By Giuseppe Fonte ROME (Reuters) - A meeting between Italy's Prime Minister Giuseppe Conte and coalition allies on Wednesday to try settle a row over Atlantia's motorway business yielded no progress, two government sources said. Fresh talks on the matter are expected soon, the two people added, without giving a precise date. The ruling, anti-establishment 5-Star Movement pledged to strip Autostrade per l'Italia of its lucrative concession to run motorways after the deadly 2018 collapse of a bridge it operated in Genoa.

27 May 22:42 Firstpost 4760741713240912257.html
Sebastian Kurz cautious on Commission’s €750B recovery blueprint

27 May 15:59 1 article

Sebastian Kurz cautious on Commission’s €750B recovery blueprint

Austrian chancellor, a leader of EU’s frugal faction, tells POLITICO he sees some positives in proposal.

27 May 15:59 POLITICO 2584151347230119826.html
Lab tester ALS eyes long-term COVID-19 test demand to drive growth

27 May 04:13 2 articles

Lab tester ALS eyes long-term COVID-19 test demand to drive growth

The $3 billion laboratory testing firm sees a "likely prolonged" impact from COVID-19 globally, and has stepped up work on surface testing products, which it sees in high demand as companies adjust to the new normal of the pandemic.

27 May 04:13 Brisbane Times 2314609339604671051.html
Virus slices into ALS dividends, but tests on horizon

The Brisbane-based testing giant also says some coal customers have backed its transparency in an analysis scandal.

27 May 04:29 Australian Financial Review 3974284487231424280.html
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

27 May 12:24 2 articles

Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.

27 May 12:24 The Indian Express 2885715104059547866.html
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.

27 May 00:00 Moneycontrol 1603024963980108750.html
Von Der Leyen: Europe's next generation will benefit from rescue deal

27 May 19:28 1 article

Von Der Leyen: Europe's next generation will benefit from rescue deal

European Commission president tells Euronews that the massive stimulus package is 'Europe's moment'.

27 May 19:28 euronews 7318238122364417890.html
IndoStar Capital Finance raises Rs 1,225 crore

27 May 15:08 1 article

IndoStar Capital Finance raises Rs 1,225 crore

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

27 May 15:08 The Economic Times 7653256037793809598.html
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says

27 May 05:00 2 articles

Austerity package of as much as €14bn may be needed to control Covid-19 debt, warns fiscal watchdog Ifac

Spending of billions to support the recovery over the next few years is the right thing to do, but a new government soon after will face “difficult choices” over cuts and tax rises if it is to meet pledges over Sláintecare and housing, the head of the Irish Fiscal Advisory Advisory Council has warned.

27 May 05:00 Irishexaminer 8196011178844263227.html
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says

Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years

27 May 00:26 The Irish Times 8204772969229196698.html
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap

27 May 10:28 2 articles

Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]

27 May 10:28 Hard Fork | The Next Web 3990801509282385833.html
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap

It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto

27 May 01:00 Bitcoinist.com 1696346936400411138.html
L&T delivers critical nuclear power plant equipment to global customers during lockdown

27 May 00:00 3 articles

L&T delivers critical nuclear power plant equipment to global customers during lockdown

The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.

27 May 00:00 Moneycontrol 1603024965295897836.html
L&T delivers critical equipment to global clients during lockdown

The final 4 coke drums part of a package of critical hydrocracking reactors for Duqm Refinery in Oman was delivered on time

27 May 16:36 Times of Oman 5168079156355407996.html
L&T Heavy Engineering supplied critical equipment to four countries during lockdown

27 May 05:13 Free Press Journal 9080771788737925171.html
Nigeria’s Q1 capital import hits $5,854.38m - The Nation Nigeria

27 May 05:07 3 articles

Foreign direct investment dropped to $214.25m in Q1 – NBS

Nike Popoola Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019. The National Bureau of Statistics disclosed t...

27 May 05:07 Punch Newspapers 3524240994152126416.html
Nigeria’s Q1 capital import hits $5,854.38m - The Nation Nigeria

Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics....

27 May 06:00 Latest Nigeria News, Nigerian Newspapers, Politics 2658445900103810519.html
Capital importation grows by 54% to $5.9bn in Q1’20

The value of capital importation into the country grew quarter on quarter (QoQ) by 54 percent to $5.9 billion in the first quarter of

27 May 08:04 Vanguard News 4125100339182264443.html
No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

27 May 13:36 1 article

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

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

27 May 13:36 NewsBTC 7232133510952678259.html
Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei

27 May 05:47 2 articles

Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei

KUALA LUMPUR (Reuters) - Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.

27 May 05:47 Reuters 8334514180914367950.html
Celcom prepares for 5G vendor selection

Malaysia-based Celcom Axiata is tipped to deploy a 5G network using two equipment suppliers and ...

27 May 08:17 Mobile World Live 2109488010509001631.html
What is the difference between subsidized and unsubsidized student loans?

27 May 19:59 2 articles

What is the difference between subsidized and unsubsidized student loans?

One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.

27 May 19:59 Business Insider 6060062399520639493.html
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore

Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg

27 May 19:59 www.businessinsider.sg 5090408756793649386.html
Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position

27 May 00:00 3 articles

Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position

COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?

27 May 00:00 Forbes 6028587531712300448.html
Redhill Biopharma Ltd (RDHL) CEO Dror Ben-Asher on Q1 2020 Results - Earnings Call Transcript

Redhill Biopharma Ltd (NASDAQ:RDHL) Q1 2020 Earnings Conference Call May 27, 2020, 08:30 ET Company Participants Dror Ben-Asher - Co-Founder, Chairman & CEO

27 May 18:45 Seeking Alpha 5725634557235357070.html
COVID-19 to accelerate digital adoption in India

COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.

27 May 00:00 Telangana Today 8182025567720725101.html
Canada investigating alleged dumping of steel imports from five countries

27 May 17:12 1 article

Canada investigating alleged dumping of steel imports from five countries

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

27 May 17:12 The Globe and Mail 68426411533858001.html
Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities

27 May 13:00 2 articles

Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities

Tesla has received another bullish endorsement with the Wedbush Securities analyst Dan Ives raising the company's stock price target by 33%

27 May 13:00 Wccftech 3677959677707488654.html
Tesla price target raised over Fremont’s reopening, strong Model 3 demand in China

Tesla (NASDAQ: TSLA) received a higher price target from Dan Ives of Wedbush Securities on Wednesday morning, with the analyst putting his estimates at $800 a share. His previous mark was roughly a third less than his updated price target. Ives’ increase in the price target for TSLA stock is based on his opinion that […]

27 May 14:56 Teslarati 613467574493899652.html
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results

27 May 17:29 1 article

Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results

As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.

27 May 17:29 The Financial Express 1288289579854101823.html
BlackRock says voted to split CEO, chairman roles at Exxon Mobil

27 May 16:38 2 articles

Chevron shareholders approve calls for more transparency on climate lobbying

(Reuters) - Chevron Corp shareholders on Wednesday voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities, a major win for activists against big oil.

27 May 16:38 Reuters 8334514180178441240.html
BlackRock says voted to split CEO, chairman roles at Exxon Mobil

HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company's approach to climate risks. Exxon shareholders on Wednesday rejected all four shareholder resolutions with none getting more than 38% of the votes cast. The independent chairman proposal fell with 32.7% in favor of an appointment when the next chief executive is named.

27 May 20:35 Firstpost 4760741713422770253.html
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28

27 May 14:32 2 articles

Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28

NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years

27 May 14:32 Business-Standard 1502508925592210272.html
Patanjali to raise Rs 250 cr through debentures

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

27 May 00:00 Telangana Today 8182025568123578175.html
$3b saved as NSW public service pay frozen

27 May 08:02 1 article

$3b saved as NSW public service pay frozen

NSW is freezing pay increases for 410,000 public servants for a year and will use the $3 billion in savings for job creation and recovery.

27 May 08:02 Australian Financial Review 3974284487492904853.html
London markets make ‘solid’ gains as trading optimism continues

27 May 16:17 3 articles

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

27 May 16:17 Express & Star 7324224459091156734.html
London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

27 May 16:17 Shropshire Star 3480199991544979198.html
London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

27 May 16:19 Jersey Evening Post 6141642773626560254.html
Varadkar: Decision on how long to extend COVID-19 payments for may be made by next government

27 May 13:40 2 articles

TD challenges Varadkar to live on €350 a week before considering reducing pandemic payment

Leo Varadkar has said the Government will extend the pandemic unemployment payment beyond June 8 but a date for how long it will continue has not been decided yet.

27 May 13:40 Irishexaminer 8196011179677218960.html
Varadkar: Decision on how long to extend COVID-19 payments for may be made by next government

The decision on how long the COVID-19 emergency payments will last may be made by the next govern...

27 May 16:01 Newstalk 7635722258825685809.html
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion

27 May 21:13 3 articles

Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion

Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.

27 May 21:13 Bloomberg.com 4032480121260440108.html
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped

A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.

27 May 18:19 The Motley Fool 2231313657744668727.html
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy

Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.

27 May 23:20 Daily Maverick 2373996787786185717.html
Tax and the Pandemic Unemployment Payment: Your questions answered

27 May 23:31 2 articles

Tax and the Pandemic Unemployment Payment: Your questions answered

The payment is taxed but you will not face a lump sum of a tax bill

27 May 23:31 The Irish Times 8204772967491938370.html
Pandemic Unemployment Payment: Your questions answered

The payment is taxed but you will not face a lump sum of a tax bill

27 May 23:31 The Irish Times 8204772968804588971.html
RBA: A reminder that RBA Governor Lowe will appear before the Senate Select

27 May 07:25 2 articles

RBA governor expected to be more upbeat

Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.

27 May 07:25 Australian Financial Review 3974284487364328575.html
RBA: A reminder that RBA Governor Lowe will appear before the Senate Select

At the top of the hour, we will hear from the Reserve Bank of Australia Governor Phillip Lowe who will appear before the Senate Select Committee on CO

27 May 23:59 FXStreet 4480975638752860355.html
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul

27 May 15:17 3 articles

Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul

A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India

27 May 15:17 Business-Standard 1502508926362019201.html
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case

The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.

27 May 20:32 The Financial Express 1288289581536180395.html
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court

The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.

27 May 21:09 NDTV.com 5090057680590852401.html
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates

27 May 09:22 5 articles

Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates

Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...

27 May 09:22 The Hans India 817019414801761961.html
Companies Act amended to make PM CARES Fund eligible for CSR contributions

Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.

27 May 10:55 DNA India 7533428661977974552.html
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds

The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28. 

27 May 06:40 India Today 4286117813424720066.html
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure

NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »

27 May 20:50 ISSCNC 6824315491219690067.html
PM CARES now eligible to receive contribution under CSR; govt amends Act

The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26

27 May 06:45 Business Today 1145527431554421944.html
Why US energy CEOs will get big payouts despite oil meltdown

27 May 19:06 1 article

Why US energy CEOs will get big payouts despite oil meltdown

National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...

27 May 19:06 CNA 5644198863647084770.html
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

27 May 12:44 2 articles

Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.

27 May 12:44 The Economic Times 7653256036483683154.html
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.

27 May 00:00 Moneycontrol 1603024965299540793.html
IndiGrid Q4 net profit doubles to Rs 99.7 crore

27 May 00:00 2 articles

IndiGrid Q4 net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

27 May 00:00 Moneycontrol 1603024965307868648.html
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.

27 May 16:22 The Economic Times 7653256036837669205.html
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

27 May 04:19 2 articles

Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

Updates from the world of economy, markets, and finance

27 May 04:19 The Hindu 6679535025880565604.html
These International Stocks Are Extremely Undervalued - Part 2

This is the second part of the undervalued stock list - but the international version. We highlight some of the companies we view as the most undervalued in ter

27 May 05:41 Seeking Alpha 5725634557973512771.html
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

27 May 11:58 4 articles

10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

Business Insider - This is what traders are talking about.. Read more at businessinsider.sg

27 May 11:58 www.businessinsider.sg 5090408757036825771.html
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

Business Insider - This is what traders are talking about.. Read more at businessinsider.sg

27 May 11:58 www.businessinsider.sg 5090408755605722550.html
10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

27 May 11:58 Business Insider Malaysia 8325046883621256363.html
10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

27 May 11:58 Business Insider Malaysia 8325046882190153142.html
Investor wealth surges by Rs 2 lakh crore as markets rally

27 May 13:43 1 article

Investor wealth surges by Rs 2 lakh crore as markets rally

India Business News: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or

27 May 13:43 The Times of India 6060938664830356453.html
Floor trading resumes at Wall Street, with masks and plexiglas

27 May 09:14 3 articles

Floor trading resumes at Wall Street, with masks and plexiglas

Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.

27 May 09:14 The Jakarta Post 7678601103596075904.html
Chicago to reopen trading floor with masks

New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.

27 May 05:56 Australian Financial Review 3974284487147901142.html
Floor trading resumes at NYSE, with masks and plexiglas

New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.     

27 May 00:00 Telangana Today 8182025567725382263.html
Singapore fintech firm secures $17M to build out platform | ZDNet

27 May 05:59 1 article

Singapore fintech firm secures $17M to build out platform | ZDNet

Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.

27 May 05:59 ZDNet 591556592279589308.html
The Chinese Communist Party puts on a brave face

27 May 13:52 1 article

The Chinese Communist Party puts on a brave face

The National People’s Congress (NPC) of China meets every year at the end of  March. The NPC is the highest legislative and representative body of China and it has the power to make and implement

27 May 13:52 Deccan Herald 2027555797185045066.html
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong

27 May 16:35 2 articles

Tencent seeks US$6 billion in bond sale as protests hit Hong Kong

Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...

27 May 16:35 CNA 5644198863744127826.html
Tencent tests appetite for first dollar bond in more than a year

Wechat operator is offering a four-tranche deal.

27 May 06:59 Moneyweb 1092550946177325515.html
Wall Street gains amid economic hopes; tech shares decline

27 May 20:11 2 articles

Wall Street gains amid economic hopes; tech shares decline

The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...

27 May 20:11 CNA 5644198863446229616.html
Wall Street gains amid economic hopes; tech shares decline

By Caroline Valetkevitch (Reuters) - The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries of simmering U.S.-China tensions. Declines in technology shares limited the advance, with the Nasdaq underperforming the other major indexes. The S&P 500 financial index provided the biggest boost to the benchmark index, sending it past the psychologically key 3,000 level in intraday trading for a second day in a row.

27 May 19:35 Firstpost 4760741712504323231.html
Sugar price remains at high levels

27 May 03:41 2 articles

Sugar price remains at high levels

Sweete­ner costs more despit­e ongoin­g cane harves­ting, sugar produc­tion season­

27 May 03:41 The Express Tribune 1105816787875515957.html
Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices

The commission only held the Sugar Advisory Board responsible for taking any action

27 May 00:00 www.geo.tv 9037559357719888200.html
Europe Proposes $823 Billion Pandemic Aid Package

27 May 00:26 2 articles

EU proposes 750 billion-euro coronavirus recovery fund

BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over...

27 May 00:26 The Seattle Times 9121942837954472005.html
Europe Proposes $823 Billion Pandemic Aid Package

To bring a divided and battered continent together, the chief executive of the European Union on Wednesday laid out an ambitious $823 billion plan to help Europe recover from the coronavirus pandemic and move toward a greener and more technologically advanced future.

27 May 21:03 Courthouse News Service 1799505148981423207.html
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News

27 May 02:27 2 articles

Government may get RBI to monetise deficit

India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio

27 May 02:27 The Times of India 6060938664356904016.html
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News

NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »

27 May 05:08 ISSCNC 6824315490152205271.html
Commission to propose EU budget of €1.1T for seven years

27 May 10:39 1 article

Commission to propose EU budget of €1.1T for seven years

Figure would raise spending compared to current seven-year budget for EU27.

27 May 10:39 POLITICO 2584151345714325109.html
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore

27 May 15:33 2 articles

The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore

Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg

27 May 15:33 www.businessinsider.sg 5090408756156674497.html
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said

Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.

27 May 15:33 Business Insider Malaysia 8325046882741105089.html
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore

27 May 15:22 2 articles

68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore

Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg

27 May 15:22 www.businessinsider.sg 5090408757609635999.html
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims

More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.

27 May 15:22 Business Insider Malaysia 8325046884194066591.html
Board: Puerto Rico to see 65% surplus drop amid debt crisis

27 May 00:00 2 articles

Board: Puerto Rico to see 65% surplus drop amid debt crisis

A federal control board that oversees Puerto Rico’s finances prepared to vote Wednesday on a revised fiscal plan as it warned the island’s surplus could plunge by 65% and that the government is unable

27 May 00:00 The Washington Times 8941836442743456924.html
Board: Puerto Rico to see 65% surplus drop amid debt crisis

SAN JUAN, Puerto Rico — A federal control board that oversees Puerto Rico’s finances said Tuesday that the island could be hit with a deficit earlier than expected and see its surplus plunge by 65% in upcoming years, warning the government cannot afford to pay current debt obligations.

27 May 02:12 680News 8014034333298804237.html
Environmentalists lose bid to halt uranium mine in Arizona

27 May 00:00 2 articles

Environmentalists lose bid to halt uranium mine in Arizona

A federal judge has ruled against environmental groups and a tribe in their bid to keep a uranium mine south of the Grand Canyon from operating.

27 May 00:00 The Washington Times 8941836442450262302.html
Environmentalists lose bid to halt uranium mine in Arizona

FLAGSTAFF, Ariz. — A federal judge has ruled against environmental groups and a tribe in their bid to keep a uranium mine south of the Grand Canyon from operating. The Canyon Mine near the national park’s South Rim entrance has been on standby for nearly 20 years. The company that owns it, Energy Fuels Resources, …

27 May 12:55 City NEWS 1130 5858657119267850855.html
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds

27 May 17:42 1 article

Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds

Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.

27 May 17:42 InvestorPlace 24614509633362979.html
French economy making 'cautious' virus lockdown recovery

27 May 14:25 2 articles

French economy making 'cautious' virus lockdown recovery

A return to normal will likely take many months, warns France's national statistics agency

27 May 14:25 Rappler 1882105642267792639.html
French economy making 'cautious' virus lockdown recovery

Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.

27 May 16:30 manilastandard.net 4715274784285958684.html
Forex - Dollar Strengthens as U.S.-China Tensions Rise

27 May 00:00 2 articles

Forex - Dollar Strengthens as U.S.-China Tensions Rise

Forex - Dollar Strengthens as U.S.-China Tensions Rise

27 May 00:00 Investing.com 5710361975638489807.html
US dollar edges higher as US, China worries resurface

TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...

27 May 01:19 Malaymail 302165936391153154.html
Heavy rains may mar quality of Ugandan coffee crop: official

27 May 06:47 2 articles

Heavy rains may mar quality of Ugandan coffee crop: official

KAMPALA (Reuters) - The quality of Uganda’s coffee crop may decline in the coming months as heavy rains across the east African nation have reduced the amount of sunshine necessary for bean drying, an industry official told Reuters on Wednesday.

27 May 06:47 Reuters 8334514181344588606.html
Heavy rains may mar quality of Ugandan coffee crop: official

The weather is not good for drying the beans.

27 May 00:00 The East African 3857388830540983652.html
4.75 crore Indian Truecaller data on sale for Rs 75,000? Company responds

27 May 10:07 1 article

4.75 crore Indian Truecaller data on sale for Rs 75,000? Company responds

As per a report coming from online intelligence firm Cyble, some personal data of 4.75 crore Indians have been put on sale for $1,000 (that roughly translates to around Rs 75,000) on dark web.

27 May 10:07 The Indian Express 2885715104611273698.html
EU proposing £670bn recovery fund in response to pandemic crisis

27 May 11:01 2 articles

EU proposing £670bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

27 May 11:01 Jersey Evening Post 6141642773796942522.html
EU proposing £670bn recovery fund in response to coronavirus pandemic crisis

The EU Commission is proposing a 750 billion-euro recovery (£670bn) fund to help the bloc’s economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said. Mr Gentiloni, who is in charge of economic affairs at the EU’s executive body, confirmed the size of the fund in a tweet.

27 May 11:21 ITV News 2184971257103788027.html
Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down

27 May 04:56 2 articles

Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down

Chancellor Rishi Sunak will reportedly ban firms for furloughing extra staff as the government looks at winding down the scheme. He is also due to announce later this week how much employers will need to contribute to the scheme from August.

27 May 04:56 mirror 675785260555313458.html
No more furlough: Rishi Sunak 'set to close scheme to new applications'

Employers could soon also have to pay 20% of workers' wages, with the government funding 60%.

27 May 08:31 Metro 970161748425222216.html
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

27 May 09:13 2 articles

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

27 May 09:13 BusinessLine 5283600499887614.html
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

27 May 00:00 Moneycontrol 1603024964085517827.html
U.S. mortgage applications rise for sixth straight week

27 May 00:00 1 article

U.S. mortgage applications rise for sixth straight week

U.S. mortgage applications rise for sixth straight week

27 May 00:00 Investing.com 5710361976088203534.html
H&M set to cancel furloughs for 2,500 at Stockholm headquarters

27 May 16:11 2 articles

H&M set to cancel furloughs for 2,500 at Stockholm headquarters

H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be ...

27 May 16:11 CNA 5644198863582437576.html
H&M set to cancel furloughs for 2,500 at Stockholm headquarters

H&M set to cancel furloughs for 2,500 at Stockholm headquarters

27 May 00:00 Investing.com 5710361976176134164.html
JP Morgan chief economist forecasts 'strong rebound' in Indian markets

27 May 04:41 2 articles

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan

27 May 04:41 Business-Standard 1502508926678654613.html
JP Morgan's chief economist optimistic about Taiwan's growth

Global investment bank forecasts Taiwan will have better financial rebound than most of world

27 May 07:56 Taiwan News 4737573345869679125.html
Future Retail to raise up to Rs 650 crore to reduce debt

27 May 11:57 1 article

Future Retail to raise up to Rs 650 crore to reduce debt

The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.

27 May 11:57 The Indian Express 2885715104809666601.html
Mercedes-Benz launches AMG C63 Coupe, AMG GT R Coupe in India; priced at Rs 1.33 cr and Rs 2.48 cr

27 May 10:10 3 articles

Mercedes Benz bets on high-performance cars for the tech-inclined driver

Prices start at Rs 75 lakh for C43 Coupe to Rs 3 crore for a fully loaded AMG S63.

27 May 10:10 Business-Standard 1502508925736729054.html
Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track

The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.

27 May 00:00 Moneycontrol 1603024965391597898.html
Mercedes-Benz launches AMG C63 Coupe, AMG GT R Coupe in India; priced at Rs 1.33 cr and Rs 2.48 cr

German luxury car maker Mercedes-Benz on Wednesday expanded its performance vehicle portfolio in India with the launch of AMG C63 Coupe and AMG GT R Coupe, priced at Rs 1.33 crore and Rs 2.48 crore (ex-showroom India, except Kerala), respectively

27 May 10:08 Firstpost 4760741713121205136.html
Ladakh standoff: India-China engaged in diplomatic parleys

27 May 09:31 1 article

Ladakh standoff: India-China engaged in diplomatic parleys

The stand-off, if not resolved soon, has the potential of negating all recent gains achieved by recent summits between the two countries

27 May 09:31 Deccan Chronicle 7881006363496568865.html
PharmEasy, Amazon Pay form tie-up for contactless payments

27 May 10:57 2 articles

PharmEasy, Amazon Pay form tie-up for contactless payments

Online medicine and healthcare ordering app PharmEasy has collaborated with Amazon India to enable digital payments using the ‘Amazon Pay wallet’, as per the companies’ joint release.According to Phar

27 May 10:57 BusinessLine 5283601767191539.html
PharmEasy, Amazon India tie up to enable digital payments using Amazon Pay

PharmEasy said it is encouraging digital and contactless payments that are not only convenient for its users, but also a must for their safety.

27 May 14:46 Business-Standard 1502508926336285627.html
Stocks to watch: Deepak Nitrite, RIL, Sun Pharma, Titan, Tata Motors, Dabur

27 May 03:11 2 articles

Stocks to watch: Deepak Nitrite, RIL, Sun Pharma, Titan, Tata Motors, Dabur

Here's a look at the stocks that may remain in focus today -

27 May 03:11 Business-Standard 1502508925753169836.html
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news

Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.

27 May 08:50 The Financial Express 1288289580222807451.html
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript

27 May 15:08 2 articles

Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript

Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P

27 May 15:08 Seeking Alpha 5725634557294966725.html
10 Value Stocks to Buy From the Vanguard U.S. Value Factor ETF

The gap between expensive stocks and cheap value stocks to buy is wider than it has ever been. That's an opportunity for investors.

27 May 15:36 InvestorPlace 24614511253582501.html
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries

27 May 16:43 2 articles

Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries

A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .

27 May 16:43 Times Colonist 7617512061145204052.html
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries

A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .

27 May 16:43 Times Colonist 7617512061608847425.html
Primark's new rules for when stores reopen

27 May 05:41 2 articles

Primark's new rules for when stores reopen

Shops will be allowed to welcome back customers in England from June 15

27 May 05:41 Wales Online 7686550517449052577.html
Strict rules Primark fans will need to follow when stores reopen

Primark stores will look very different with changes to how customers shop and browse items

27 May 09:44 Liverpool Echo 7727211173071458738.html
Supermarkets see fastest sales jump in 26 years with online orders soaring

27 May 08:26 3 articles

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

27 May 08:26 Express & Star 7324224459011009153.html
Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

27 May 08:26 Shropshire Star 3480199991464831617.html
Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

27 May 08:28 Jersey Evening Post 6141642773546412673.html
Rare penny struck in Northern Ireland breaks auction records

27 May 13:20 3 articles

Rare penny struck in Northern Ireland breaks auction records

The 17th century coin from Carrickfergus sold for £6,200.

27 May 13:20 Express & Star 7324224459069693364.html
Rare penny struck in Northern Ireland breaks auction records

The 17th century coin from Carrickfergus sold for £6,200.

27 May 13:20 Shropshire Star 3480199991523515828.html
Rare penny struck in Northern Ireland breaks auction records

The 17th century coin from Carrickfergus sold for £6,200.

27 May 13:22 Jersey Evening Post 6141642773605096884.html
Warren Buffett dumped the 'big 4' airline stocks in April. They've already recovered from the sell-off he sparked.

27 May 13:51 1 article

Warren Buffett dumped the 'big 4' airline stocks in April. They've already recovered from the sell-off he sparked.

Warren Buffett's exit from the 'big four' airlines sparked a sell-off of their shares in early May. Shares in American, Delta, Southwest, and Un...

27 May 13:51 Business Insider 3364799147239669773.html
America’s threat to delist Chinese companies could make everybody better off

27 May 15:07 1 article

America’s threat to delist Chinese companies could make everybody better off

Far from confirming fears of a widespread delisting of Chinese firms, a proposed U.S. law will likely improve the investment environment.

27 May 15:07 MarketWatch 8975941549804491938.html
10-15% moderation in salaries not to impact lending practice: HDFC Bank

27 May 14:29 2 articles

10-15% moderation in salaries not to impact lending practice: HDFC Bank

If the corporates are looking at moderation in salaries or in the increments, the same needs to be watched carefully from a prudential perspective, said the bank's country head for retail lending

27 May 14:29 Business-Standard 1502508925739266802.html
10-15% moderation in salaries not to impact lending practice: HDFC Bank

A pent-up demand for vehicles and social distancing needs, coupled with the introduction of digital inputs to manage customer journey by banks will lead to a faster uptick in auto sales, which were sagging before the lockdown and came to a standstill in the last two months, the bank's country head for retail lending Arvind Kapil said.

27 May 00:00 Moneycontrol 1603024964481900836.html
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years

27 May 06:34 2 articles

Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years

(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.

27 May 06:34 Financial Post 2379081492307105591.html
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years

'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.

27 May 10:10 Moneyweb 1092550947561723505.html
Torstar’s family trust sells near market bottom

27 May 23:55 2 articles

Torstar’s family trust sells near market bottom

After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million

27 May 23:55 The Globe and Mail 68426410477340995.html
New owners of Torstar face financial, political challenges

TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.

27 May 22:05 KitchenerToday.com 52741010157279933.html
1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey

27 May 13:46 2 articles

1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey

Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.

27 May 13:46 Business-Standard 1502508924755060131.html
50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey

The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.

27 May 20:03 The Financial Express 1288289580561145535.html
US lawmaker wants insurers and taxpayers to share payouts for future pandemic business losses

27 May 03:45 2 articles

US lawmaker wants insurers and taxpayers to share payouts for future pandemic business losses

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...

27 May 03:45 CNA 5644198862277775660.html
US lawmaker wants insurers, govt to share future pandemic business losses

U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...

27 May 03:45 CNA 5644198864111196619.html
Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

27 May 09:57 2 articles

Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.

27 May 09:57 The Economic Times 7653256037196218307.html
Stocks in news: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others

Stocks in news today on May 27: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others are the top stocks to watch out for in Wednesday's trading session

27 May 03:05 Business Today 1145527432434895923.html
Infineon raises €1bn

27 May 05:30 1 article

Infineon raises €1bn

Infineon has sold 55 million new shares at €19.30 a share to raise €1.06 billion.

27 May 05:30 Electronics Weekly.com 6636672080074523995.html
Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler next year

27 May 09:38 2 articles

Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler next year

Ola Electric Mobility (OEM) on Wednesday said it has acquired Amsterdam-based Etergo BV, a move that will help the Indian firm foray into the global premium electric two-wheeler market.

27 May 09:38 The Indian Express 2885715104809577608.html
Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

27 May 10:19 Business-Standard 1502508925019449187.html
Saudi Arabian airlines to resume some domestic flights from May 31

27 May 01:57 2 articles

Saudi Arabian airlines to resume some domestic flights from May 31

CAIRO (Reuters) - Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, the state news agency said on Wednesday.

27 May 01:57 Reuters 8334514181701166606.html
Saudi Arabian airlines to resume some domestic flights from May 31

CAIRO- Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, the state news agency said on Wednesday.

27 May 02:08 First Post Of India 844080066969281788.html
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore

27 May 21:58 2 articles

Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again

A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.

27 May 21:58 Business Insider 6060062400573550686.html
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore

Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg

27 May 21:58 www.businessinsider.sg 5090408756804792414.html
Loans to MSMEs may get ‘risk-free’ tag

27 May 16:57 2 articles

Loans to MSMEs may get ‘risk-free’ tag

On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs

27 May 16:57 The Hindu 6679535024494087218.html
A survival-of-the-fittest approach towards MSMEs

The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs

27 May 15:12 BusinessLine 5283600572756991.html
NordStar Capital buys Torstar Corp. for $52-million

27 May 00:35 2 articles

NordStar Capital buys Torstar Corp. for $52-million

Transaction was recommended by a special committee of media company’s board of directors

27 May 00:35 The Globe and Mail 68426411355356216.html
Torstar to be sold, taken private in $52 million deal

Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million.

27 May 00:31 680News 8014034333053289229.html
Micron climbs 6% after boosting sales guidance by more than expected

27 May 19:16 2 articles

Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore

Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg

27 May 19:16 www.businessinsider.sg 5090408757177453003.html
Micron climbs 6% after boosting sales guidance by more than expected

Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.

27 May 19:16 Business Insider Malaysia 8325046883761883595.html
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic

27 May 17:30 2 articles

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg

27 May 17:30 www.businessinsider.sg 5090408755724689399.html
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.

27 May 17:30 Business Insider Malaysia 8325046882309119991.html
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020

27 May 08:23 2 articles

Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs

The nationwide lockdown announced from March 25 brought the entire economy to a standstill .

27 May 08:23 The Economic Times 7653256037266154626.html
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020

Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.

27 May 00:00 Telangana Today 8182025566531055376.html
DPR paid ₦8 billion salary upfront in January - Premium Times Nigeria

27 May 18:14 2 articles

DPR paid ₦8 billion salary upfront in January - Premium Times Nigeria

Data analysis by Dataphyte has shown the DPR paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published

27 May 18:14 Premium Times Nigeria 5456729301145139536.html
610 personnel earn more than the President as DPR paid ₦8 billion salary upfront in January

Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020.

27 May 22:43 The ICIR 2244788522109493816.html
FG builds 200,000 yam storage facility in Benue state for small businesses

27 May 13:48 2 articles

FG to inaugurate 200,000 capacity yam storage facility in Benue

The federal government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs)

27 May 13:48 Premium Times Nigeria 5456729299532948955.html
FG builds 200,000 yam storage facility in Benue state for small businesses

The federal government will on Tuesday, June 9, inaugurate a 200,000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue.

27 May 14:06 Legit 3764253650951972092.html
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%

27 May 14:15 2 articles

Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs

Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products

27 May 14:15 Business-Standard 1502508926567486942.html
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%

For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore

27 May 11:41 Business Today 1145527430690530484.html
COVID-19 lockdown: Tourism ministry extends validity of approval, classification of hotels till June end

27 May 12:47 3 articles

COVID-19 lockdown: Tourism ministry extends validity of approval, classification of hotels till June end

Due to the postponement of inspection work and application scrutiny during the lockdown period, it has decided to allow six months' relaxation or extension to all categories of tour operators.

27 May 12:47 The Financial Express 1288289580048765492.html
India’s tourism ministry extends validity period for hotels and travel agents

The validity period of approval or certification of hotels and other accommodation units has been extended until June 30, and six months’ relaxation for all travel agents…

27 May 00:00 Business Traveller 900610880948880831.html
Corona Relief For Hospitality Industry: Validity Of Approval, Classification Of Hotels Extended Until June-End 

This breather, however, comes with certain riders such as approvals expiring during the lockdown period, among others

27 May 12:14 Swarajya 4977622829421535564.html
Online shopping highlights Cuba's inequality in time of coronavirus

27 May 16:13 1 article

Online shopping highlights Cuba's inequality in time of coronavirus

HAVANA (Reuters) - The coronavirus pandemic is highlighting growth in inequality in Communist Cuba as worsening shortages force most citizens to spend hours in line to purchase basic goods while the better-off are shopping online.

27 May 16:13 Reuters 8334514180084980094.html
EU keeps defence fund alive with 8 billion euro proposal

27 May 14:32 1 article

EU keeps defence fund alive with 8 billion euro proposal

BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.

27 May 14:32 Reuters 8334514181553037868.html
U.S. sanctions advisory raises hurdles for global maritime industry

27 May 16:21 1 article

U.S. sanctions advisory raises hurdles for global maritime industry

LONDON/WASHINGTON (Reuters) - Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the fallout of the coronavirus outbreak.

27 May 16:21 Reuters 8334514180877072295.html
Moscow in 2014 banned wholesale imports from the European Union of most types of fresh foods in response to EU sanctions over Russia's actions in Ukraine including the annexation of Crimea

27 May 16:49 1 article

Moscow in 2014 banned wholesale imports from the European Union of most types of fresh foods in response to EU sanctions over Russia's actions in Ukraine including the annexation of Crimea

Russia on Wednesday seized 40 tonnes of European cheeses smuggled into the country in breach of an embargo on EU food imports, the customs service said. The shipment included Dorblu blue cheese and Italian hard cheeses such as Grana Padano, the customs service said. This was in response to EU sanctions

27 May 16:49 Yahoo 7097669638157355689.html
China puts GDP target on history's ash pit

27 May 19:13 1 article

China puts GDP target on history's ash pit

The ruling party abandons the material growth standard of gross domestic product. Now, like many nations, it struggles to define progress in alternative ways.

27 May 19:13 Yahoo 7097669637747319320.html
Ryanair's holiday bookings surge, sees UK dropping quarantine

27 May 12:04 1 article

Ryanair's holiday bookings surge, sees UK dropping quarantine

DUBLIN (Reuters) - Ryanair (RYA.I) expects Britain to join other European nations in dropping COVID-19 quarantine plans in the coming weeks, its CEO told Reuters on Wednesday, as he reported a “big surge” in holiday bookings from the country.

27 May 12:04 Reuters 8334514181650945887.html
Factbox: Key climate spending in EU's 'green recovery' plan

27 May 13:52 1 article

Factbox: Key climate spending in EU's 'green recovery' plan

BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.

27 May 13:52 Reuters 8334514180814310691.html
Exxon shareholders soundly reject splitting CEO/chairman roles

27 May 22:20 1 article

Exxon shareholders soundly reject splitting CEO/chairman roles

(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.

27 May 22:20 Reuters 8334514181125308273.html
Tech reboot in store for EU as plans recovery from crisis

27 May 14:03 1 article

Tech reboot in store for EU as plans recovery from crisis

BRUSSELS (Reuters) - From ramping up 5G’s rollout to exploiting its data, the European Union is turning to technology to help it bounce back from the coronavirus crisis and compete better in key areas with the United States and China.

27 May 14:03 Reuters 8334514180858492992.html
Niger lost $120 million in arms deals over three years: government audit

27 May 13:41 1 article

Niger lost $120 million in arms deals over three years: government audit

NIAMEY (Reuters) - Almost 40% of the $312 million Niger spent on defence procurement contracts over the last three years was lost through inflated costs or materiel that was not delivered, according to a government audit of military contracts seen by Reuters.

27 May 13:41 Reuters 8334514180717016319.html
CATL explores new EV battery services, to add capacity: chairman

27 May 08:33 1 article

CATL explores new EV battery services, to add capacity: chairman

BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.

27 May 08:33 Reuters 8334514181612593983.html
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing

27 May 15:06 1 article

Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing

(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.

27 May 15:06 Reuters 8334514181398803404.html
Top investor in Italy's Nexi cuts stake as M&A looms

27 May 11:28 1 article

Top investor in Italy's Nexi cuts stake as M&A looms

MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.

27 May 11:28 Reuters 8334514181733484399.html
South African mines record 320 COVID-19 cases ahead of lockdown easing

27 May 14:22 1 article

South African mines record 320 COVID-19 cases ahead of lockdown easing

JOHANNESBURG (Reuters) - South Africa’s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa’s most industrialised economy eases lockdown measures next week.

27 May 14:22 Reuters 8334514180562531670.html
UK lends 18 billion pounds to small firms hit by coronavirus

27 May 00:00 2 articles

UK lends 18 billion pounds to small firms hit by coronavirus

UK lends 18 billion pounds to small firms hit by coronavirus

27 May 00:00 Investing.com 5710361976155962204.html
UK lends $22bn to small firms hit by coronavirus

LONDON: British small businesses have borrowed more than $22 billion under a government-guaranteed coronavirus credit program during its first three weeks of operation, outpacing bank lending under other schemes for bigger firms. The finance ministry offers banks a 100% credit guarantee on loans of up to 50,000 pounds under its Bounce Back Loan Scheme, after an 80% guarantee

27 May 09:13 Arab News 8912634264565568317.html
Air France to cut 40% of domestic flights after bailout

27 May 13:30 2 articles

Air France to cut 40% of domestic flights after bailout

Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid

27 May 13:30 Rappler 1882105643869094599.html
Air France to cut 40% of domestic flights after bailout

French government has made any bailout contingent on profitability improvements

27 May 13:15 Gulf News 2086521545629263179.html
After-school sector wants free care extended over winter holidays

27 May 06:53 2 articles

After-school sector wants free care extended over winter holidays

While schools have resumed full-time teaching, the out-of-school-hours sector is unsure how many families will still need its services

27 May 06:53 The Age 7967730561788738145.html
After-school sector wants free care extended over winter holidays

While schools have resumed full-time teaching, the out-of-school-hours sector is unsure how many families will still need its services

27 May 06:53 Brisbane Times 2314609338807810657.html
The TV Shows and Movies That Will Be Available on HBO Max at Launch

27 May 00:56 2 articles

The TV Shows and Movies That Will Be Available on HBO Max at Launch

Here are the TV shows and movies that will be available on HBO Max when the WarnerMedia-owned streaming service launches Wednesday.

27 May 00:56 TheWrap 2361432283113228106.html
Here Are the TV Shows and Movies That Will Be Available on HBO Max at Launch

Here are the TV shows and movies that will be available on HBO Max when the WarnerMedia-owned streaming service launches Wednesday.

27 May 00:56 TheWrap 2361432282124667606.html
With tourism hammered by lockdown, Cyprus expects July comeback

27 May 13:14 1 article

With tourism hammered by lockdown, Cyprus expects July comeback

NICOSIA (Reuters) - Cyprus hopes to regain lost ground in its tourism sector from July and expects to be able to re-admit British and Russian visitors by then after weeks of lockdown.

27 May 13:14 Reuters 8334514180069395543.html
B2B credit network Fundbox secures fresh investment from MUFG

27 May 11:17 1 article

B2B credit network Fundbox secures fresh investment from MUFG

US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.

27 May 11:17 Finextra 6000504749442940398.html
Germany's Scholz: Very likely that we will get an agreement on EU recovery plan

27 May 14:41 1 article

Germany's Scholz: Very likely that we will get an agreement on EU recovery plan

Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G

27 May 14:41 FXStreet 4480975639447653660.html
France unveils €8bn 'electric' rescue for car industry

27 May 01:52 2 articles

France unveils US$8.8b plan to revive auto sector through electric cars

ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...

27 May 01:52 CNA 5644198862532720374.html
France unveils €8bn 'electric' rescue for car industry

French president Emmanuel Macron announced on Tuesday an €8bn rescue plan for the car industry - with a big boost for electric vehicles, Associated Press reported. "Our country wouldn't be the same without its great brands - Renault, Peugeot, Citroen," Ma...

27 May 05:02 EUobserver 625925298428804570.html
U.S. Stocks End Rally With China Tensions Rising: Markets Wrap

27 May 21:42 1 article

U.S. Stocks End Rally With China Tensions Rising: Markets Wrap

U.S. stocks erased gains and ended lower after President Donald Trump said he’d hold a press conference Friday to discuss China, potentially stoking tensions between the world’s two largest economies.

27 May 21:42 Bloomberg.com 4032480120962932151.html
There’s Far Less Bang in a Huawei Ban Now

27 May 09:12 1 article

There’s Far Less Bang in a Huawei Ban Now

New U.S.sanctions on China's biggest technology company will make its equipment less desirable anyway.

27 May 09:12 Bloomberg.com 4032480120798463738.html
The European Union Is on the Brink of Historic Change

27 May 15:26 1 article

The European Union Is on the Brink of Historic Change

The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury

27 May 15:26 Bloomberg.com 4032480121930520160.html
Some countries are offering to pay tourists to visit after coronavirus

27 May 13:13 1 article

Some countries are offering to pay tourists to visit after coronavirus

With flights grounded and borders closed amid the coronavirus pandemic, several countries are offering to pay tourists to visit once the crisis is over, according to a report. In Italy, travelers to

27 May 13:13 New York Post 7654946767916852976.html
Wilbur Ross says SpaceX launch makes space ‘new war-fighting domain’

27 May 18:02 1 article

Wilbur Ross says SpaceX launch makes space ‘new war-fighting domain’

Commerce Secretary Wilbur Ross said Wednesday afternoon's launch of SpaceX has huge financial and military implications for the US, including making space the "new war-fighting domain."

27 May 18:02 New York Post 7654946769310822907.html
Anger as EU orders all nations to chip into ‘unprecedented’ €750bn coronavirus recovery fund for worst-hit countries

27 May 17:09 1 article

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

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

27 May 17:09 The Sun 7379604592187641894.html
Kentik raises $23.5M for its network intelligence platform

27 May 06:00 1 article

Kentik raises $23.5M for its network intelligence platform

Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]

27 May 06:00 TechCrunch 3713145563139255850.html
New York Gold Traders Drown in a Glut They Helped Create

27 May 23:40 1 article

New York Gold Traders Drown in a Glut They Helped Create

The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.

27 May 23:40 Bloomberg.com 4032480120684072176.html
M&G buys adviser platform from Royal London

27 May 12:02 1 article

M&G buys adviser platform from Royal London

Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market

27 May 12:02 Ft 707176889190287875.html
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff

27 May 17:00 1 article

SoftBank’s Vision Fund Is Planning to Cut 10% of Staff

SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.

27 May 17:00 Bloomberg 4032480122738912478.html
Cityjet pilots fear Scandinavian crew will replace them

27 May 19:50 1 article

Cityjet pilots fear Scandinavian crew will replace them

Irish-based airline has contract to provide aircraft and crew to fly routes for SAS

27 May 19:50 The Irish Times 8204772968985902807.html
How Small Businesses Can Soften the Blow of Bankruptcy

27 May 18:00 1 article

How Small Businesses Can Soften the Blow of Bankruptcy

Some dos and don’ts for those teetering on the brink

27 May 18:00 Bloomberg 4032480122422032666.html
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

27 May 23:03 3 articles

NZ April fall largest since the filled jobs series began more than 20 years ago

New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV

27 May 23:03 FXStreet 4480975638952978639.html
Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses

COVID-19 impact and restricted trading is heavily impacting the economy.

27 May 23:12 Newshub 2131266985808539712.html
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999

27 May 23:50 interest.co.nz 6454226275921562587.html
Stock indexes rise on optimism of recovery, shrink back

27 May 16:24 1 article

Stock indexes rise on optimism of recovery, shrink back

US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained

27 May 16:24 New York Post 7654946769429494949.html
Fed says pandemic inflicted most ‘severe’ damage on travel sector

27 May 19:13 1 article

Fed says pandemic inflicted most ‘severe’ damage on travel sector

Beige Book report on economic conditions shows activity fell sharply in most parts of US

27 May 19:13 Ft 707176888007741742.html
Trump’s Economic Advisers Are Wrong

27 May 19:20 1 article

Trump’s Economic Advisers Are Wrong

Forget a V-shaped recovery, or even a U.

27 May 19:20 NY Times 1961078289921581625.html
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

27 May 22:59 2 articles

Amrapali case: JP Morgan says attachment properties by ED ‘blatantly illegal’

However, the bench asked the ED to consider objections raised by JP Morgan India against attachment of its properties and posted the matter for hearing on June 3.

27 May 22:59 The Financial Express 1288289580179503115.html
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA

27 May 16:43 Business-Standard 1502508924902398666.html
Nasdaq Today: What's Sending Chip Stocks AMD and NVIDIA Lower Wednesday?

27 May 16:18 2 articles

Nasdaq Today: What's Sending Chip Stocks AMD and NVIDIA Lower Wednesday?

Stocks were largely mixed, but it was a poor day for the Nasdaq in particular.

27 May 16:18 The Motley Fool 2231313658491995685.html
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors

It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.

27 May 18:57 InvestorPlace 24614510484874446.html
Congress Should Give Returning Workers a Bonus

27 May 14:30 1 article

Congress Should Give Returning Workers a Bonus

A one-time lump-sum payment would also help the overall economy.

27 May 14:30 Bloomberg.com 4032480122378086739.html
New Zealand Facing Largest Decline In GDP In 160 Years

27 May 15:03 2 articles

New Zealand Facing Largest Decline In GDP In 160 Years

Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.

27 May 15:03 SCOOP 5315659000365677441.html
NZ facing largest decline in GDP in 160 years - Paul Goldsmith

Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.

27 May 16:01 www.voxy.co.nz 6138926313928982138.html
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

27 May 12:03 4 articles

Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a

27 May 12:03 Crowdfund Insider 6834688073848256218.html
One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

27 May 11:08 Express & Star 7324224459700370927.html
One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

27 May 11:08 Shropshire Star 3480199992154193391.html
Government furlough scheme now covers 8.4 million workers

At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.

27 May 11:44 ITV News 2184971257811829970.html
Apple To Reopen Approximately 100 US Retail Locations

27 May 13:53 1 article

Apple To Reopen Approximately 100 US Retail Locations

Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.

27 May 13:53 PYMNTS.com 7357138825663381785.html
Is this the death knell for bank branches?

27 May 21:40 2 articles

Nationalisation of Reserve Bank: What SA can learn from New Zealand

New Zealand’s handling of policymaking regarding its central bank holds lessons for SA when it comes to plans to nationalise Reserve Bank, writes Hlengani Mathebula.

27 May 21:40 CityPress 437075750742291341.html
Is this the death knell for bank branches?

Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.

27 May 08:05 Australian Financial Review 3974284487574719044.html
Woolworths SA hires bankers to test interest in David Jones properties

27 May 06:07 2 articles

Woolworths SA hires bankers to test interest in David Jones properties

Investment bank UBS has been hired to review options for David Jones' property portfolio.

27 May 06:07 Australian Financial Review 3974284486889110653.html
David Jones speeds up store closures after massive profit plunge

David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.

27 May 21:56 The New Daily 5848147787081098076.html
Canadian dollar climbs to 2½-month high as EU recovery plan cheers investors

27 May 13:48 1 article

Canadian dollar climbs to 2½-month high as EU recovery plan cheers investors

Loonie at 72.68 U.S. cents

27 May 13:48 The Globe and Mail 68426410764535795.html
Telecom growth on hold as pandemic cools demand

27 May 22:19 1 article

Telecom growth on hold as pandemic cools demand

Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues

27 May 22:19 The Globe and Mail 68426410832775072.html
Apple is reopening more stores, but online progress also sparks optimism

27 May 22:15 1 article

Apple is reopening more stores, but online progress also sparks optimism

Apple Inc. is slowly reopening more of its stores in what one analyst calls a “sign of improving trends,” but the company seemed to be making strides in the...

27 May 22:15 MarketWatch 8975941548349525414.html
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock

27 May 08:47 1 article

The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock

Strength in the financial sector offset losses in the materials sector

27 May 08:47 The Globe and Mail 68426409676155922.html
Oil falls on U.S.-China tensions over Hong Kong

27 May 10:40 1 article

Oil falls on U.S.-China tensions over Hong Kong

Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09

27 May 10:40 The Globe and Mail 68426410881519294.html
Alberta mulls bill that would limit energy project approval time

27 May 23:18 1 article

Alberta mulls bill that would limit energy project approval time

The bill is part of a continuing government evaluation of the Alberta Energy Regulator, which the United Conservatives say is crucial to speeding up project approvals in the province

27 May 23:18 The Globe and Mail 68426411545864478.html
Pandemic slows electric vehicle revolution due to lithium battery shortage

27 May 06:45 1 article

Pandemic slows electric vehicle revolution due to lithium battery shortage

The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of lithium into survival mode with output cuts.

27 May 06:45 VentureBeat 6273363636191332076.html
Amazon is planning a summertime sale separate from Prime Day

27 May 13:14 1 article

Amazon is planning a summertime sale separate from Prime Day

Amazon is planning a "Summer Sale" that would enable merchants to sell extra inventory they may have accumulated during the coronavirus pandemic.

27 May 13:14 Business Insider 6060062401363245988.html
Greater Than has launched a cloud-based loyalty program

27 May 13:42 1 article

Greater Than has launched a cloud-based loyalty program

Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.

27 May 13:42 Business Insider 6060062400889186210.html
"Everyone Is Shocked": CBS News Hit Hard by Layoffs

27 May 23:16 1 article

"Everyone Is Shocked": CBS News Hit Hard by Layoffs

"I’m really sorry," network president Susan Zirinsky said Wednesday on an all-staff Zoom meeting about the cuts. "There is not a person who won’t be missed."

27 May 23:16 The Hollywood Reporter 121801343959250939.html
Fifteen TSX stocks that showed their mettle with first quarter earnings

27 May 22:00 1 article

Fifteen TSX stocks that showed their mettle with first quarter earnings

Looking for companies that have reported consistent earnings in the last 30 days

27 May 22:00 The Globe and Mail 68426410682488194.html
Blanket ban on recovery impractical, say bankers

27 May 22:30 1 article

Blanket ban on recovery impractical, say bankers

India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec

27 May 22:30 The Times of India 6060938664808050699.html
MPA, NATO Ask Congress for Temporary Liability Relief as Businesses Reopen

27 May 17:35 1 article

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

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

27 May 17:35 The Hollywood Reporter 121801344570144259.html
Revenue loss and labour top worries

27 May 22:30 1 article

Revenue loss and labour top worries

India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.

27 May 22:30 The Times of India 6060938664804691730.html
Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet

27 May 08:00 1 article

Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet

According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.

27 May 08:00 ZDNet 591556593296516733.html
Bitcoin’s bounce back over $9,000 masks a potential downtrend

27 May 16:16 1 article

Bitcoin’s bounce back over $9,000 masks a potential downtrend

Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.

27 May 16:16 The Economic Times 7653256037477945257.html
China's efforts to bring citizens back from India have nothing to do with border tension: Global Times

27 May 00:00 2 articles

China's efforts to bring citizens back from India have nothing to do with border tension: Global Times

Global Times, considered Chinese government's mouthpiece, has said that the “voluntary repatriation plan” should be seen a “normal service” and should not be linked to the ongoing border tension.

27 May 00:00 Moneycontrol 1603024963724451273.html
China at it, again

Unusual aggression in Ladakh, the worst since Doklam, shows our neighbour is bent on arm twisting us in a post-pandemic world China is becoming as vindictive as the US in getting its way with the world or countries that are dependent on its still viable factory floors. And it has chosen to get

27 May 00:00 The Pioneer 1146783233562652712.html
Brazil's largest city Sao Paulo to reopen malls for 15 days as of June 1

27 May 17:34 1 article

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

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

27 May 17:34 Reuters 8334514180439071220.html
April manufacturing IIP to contract by 50-60 per cent: Report

27 May 15:25 1 article

April manufacturing IIP to contract by 50-60 per cent: Report

"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.

27 May 15:25 The Economic Times 7653256036564285574.html
Private/Public Partnerships Could Boost Central Bank Digital Currencies

27 May 23:12 2 articles

Private/Public Partnerships Could Boost Central Bank Digital Currencies

About 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

27 May 23:12 PYMNTS.com 7357138826313831728.html
IMF Senior Official Says Private Corporations Can Bolster Digital Currencies

Digital currencies are being increasingly looked into around the world, with most governments and corporations alike working on some iteration of the technology. In this regard, a senior official at the International Monetary Fund (IMF) believes a private-public nexus is the way forward for CBDCs. 

27 May 16:00 BTC Manager 8549607152606213552.html
Gold price today: Rs 46,799 per 10 gm; silver at Rs 48,000 per kg

27 May 02:41 2 articles

Gold price today: Rs 46,799 per 10 gm; silver at Rs 48,000 per kg

The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges

27 May 02:41 Business-Standard 1502508925273538374.html
Gold Futures Ease Below Rs 46,150 Per 10 Grams Mark As Equities Soar

Current Gold Price In India: MCX gold futures rose to as high as Rs 45,775/10 grams during the session Gold … Gold Futures Ease Below Rs 46,150 Per 10 Grams Mark As Equities Soar Read More »

27 May 18:16 ISSCNC 6824315491751867281.html
Hindustan Aeronautics Ltd awaiting approval for Mk-1A manufacture: CMD

27 May 14:53 1 article

Hindustan Aeronautics Ltd awaiting approval for Mk-1A manufacture: CMD

​​The Cabinet's approval should have been received earlier, but was delayed due to the COVID-19 situation and the company is expecting it during the third quarter of the financial year, HAL Chairman and Managing Director, R Madhavan told reporters at Sulur near here, on the sidelines of handing over Tejas Mk-1 FOC to the IAF.

27 May 14:53 The Economic Times 7653256037265076873.html
IM-SHORAD delayed by pandemic, but first unit equip date remains in place

27 May 21:28 1 article

IM-SHORAD delayed by pandemic, but first unit equip date remains in place

"We're making adjustments as necessary, and then working with the companies to try and catch up," the head of Army acquisition said Wednesday.

27 May 21:28 Yahoo 7097669637097181370.html
Government tracks package rollout to gauge impact on ground

27 May 18:37 1 article

Government tracks package rollout to gauge impact on ground

Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.

27 May 18:37 The Economic Times 7653256036709054142.html
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners

27 May 02:26 2 articles

Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners

Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.

27 May 02:26 The Economic Times 7653256038347642852.html