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,

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

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

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)".

NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

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

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

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

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.

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.

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

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.

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…

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.

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."

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.

European Union unveils €750 billion economy rescue plan

Bloc will borrow funds from the market and disburse them in loans and grants.

The Trip Aboard Carnival Cruises Stock Will Be Stormy

There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.

China's Chery Auto plans to sell cars in EU, United States: chairman

China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...

Sagnik Ghosh joins Liqvd Asia as managing partner

Ghosh will help build the communication across verticals like media planning and buying, performance marketing, brand strategy

Profit of Tube Investments at ₹74 crore

Tube Investments of India Ltd. (TIIL) has posted a standalone net profit after tax of ₹74 crore for the fourth quarter ended March 2020, including an exceptional item of ₹22 crore.TII had recorded a n

BlackLine: A Software Company With A Strong Moat

BlackLine's focus on cross-system functionality gives the company a competitive advantage. BlackLine's moat comes from customers having extremely high switching

Russia seizes 40 tonnes of embargoed European cheeses

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 average savings account interest rate is less than 1%, but it's not hard to earn more on your money

The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.

Mastercard: A Major Beneficiary Of The "New Normal"

Mastercard's recent operating update suggested a likely trough in business activity, with sharp improvements seen in the last few weeks. Cross border transactio

'Hold firm,' says Taoiseach, decision next week on phase two of roadmap

A decision on moving to the next phase of Ireland’s roadmap will be made next week, Taoiseach Leo Varadkar has said.

Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript

Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation

Virtu Financial: Examining Possible Investment Thesis And Strategy

Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be

Low rates, poor demand hit jasmine growers

Though the sale of Udupi Mallige or Udupi jasmine started about a month ago, growers say that they are getting low rates, while flower sellers say that the demand is poor on account of lockdown restri

Wells Fargo's Stock May Soon Reverse Lower

Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.

Ires defends 40% fee hike for its chairman

Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019

The Relationship Between Short-Term And Mid-Term Volatility

Short and mid-term volatility mostly move in the same direction but with different dynamics. Short-term volatility ETPs suffer from larger price erosion than mi

Hugo Boss sees recovery in third quarter at earliest

Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...

IBM: $80 Per Share Is More Reasonable

IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin

Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore

Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg

AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max

AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff

Over-Leveraged Zombie Companies Threaten Economic Recovery

Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt

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

Health and Welfare ministries to take budget cuts - Inside Israel

Government expected to approve budget cuts across all ministries, to make room for additional ministries as per coalition agreements.

Discom reduces T&D losses to 6.64%, says CMD

‘Steps have been taken to solve problems of consumers’

New Zealand And Singapore Reaffirm Ties

Prime Minister Jacinda Ardern and Singapore Prime Minister Lee Hsien Loong have marked the first anniversary of the New Zealand-Singapore Enhanced Partnership with a virtual Leaders’ Meeting today.

Over 8 lakh Tirumala laddus sold in three days

Anantapur and Kadapa districts top the list in sale figures

RB Salzburg boss admits transfer mistake selling Takumi Minamino for cheap

Takumi Minamino joined Liverpool from Salzburg for just £7.25million in the January transfer window after the Reds triggered the Japan international's release clause

Autonomous car company Aurora increases hiring amid industry struggles

Autonomous vehicle startup Aurora committed to hiring employees as it welcomes new executive hires and interns and crosses the 500-employee mark.

Iron Mountain: Strong Operating Results Despite COVID-19

Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre

BJP, JSP launch ‘Vizagnot for sale’ campaign

‘It is imprudent to sell away prime land for doling out freebies’

Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?

Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse

PU evaluation work inMangaluru from today

Govt. agrees to provide transport and food to evaluators

Amalgamations’ auto parts unit to cut pay

May trim headcount also

Foodgrains procurement centres to close by May 31

CM tells Agriculture dept. to focus on crop season from June

FCI lauds Telangana’s paddy procurement for Central pool

Telangana contributed 52.23 lakh tonnes of the 83.01 lakh tonnes procured at the national level

Hospitality sector in the Nilgiris may see 70% slide in revenue

Lockdown coincided with peak season for tourism

FlyDubai delays cargo flight plans

‘Kongu region has a variety of sectors with cargo potential’

Wheat procurement on target despite lockdown

While it is progressing swiftly in States like Punjab and Haryana, U.P. is lagging behind; Madhya Pradesh crosses target

Lockdown presents mixed fortunes for Prakasam farmers

Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times

Ethereum’s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months

The use case that helped power Ethereum's record-setting string of positive weekly closes in early 2020, has now gone parabolic.

Briggs & Stratton: The Equity Is Out Of Money

The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi

The 4 Stimulus Bills Saving America From Its Biggest Depression Ever

The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.

Telangana govt to pay 50% salary to staff for third consecutive month

The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference

Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

Under Armour Anticipates Bumpy Road Ahead

Ceo Patrik Frisk told shareholders the company doesn't anticipate a quick turnaround.

Punjab approves reforms to avail additional borrowing of 1.5% of GSDP

The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal

DFCU boss elected new UBA chair

The new leadership assumes responsibility at a time when the industry has registered significant improvements

FCI transports huge amount of grains by rail

The Food Corporation of India (FCI) has transported 3.42 lakh metric tonnes of food grains by train to West Bengal, Kerala, Tamil Nadu and Karnata during the lockdown, said FCI AGM (General) B. Ranga

AUD/USD risks to visit 0.6000 later this year – Rabobank

The Australian dollar has appreciated steadily despite the grim economic data, however, escalating the tensions between the US and China might endang

USD/CNH hits record highs, US determines Hong Kong no longer autonomous

The USD/CNH (Chinese offshore yuan) rose to an all-time high on Thursday at 7.1965 and then pulled back modestly. The move higher takes place amid inc

EUR/USD erases daily gains, turns flat near 1.0980

The EUR/USD pair built on Tuesday's rally and climbed to its highest level since early April at 1.1030 on Wednesday. However, the pair struggled to pr

Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups

SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...

Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service

Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.

7 American ETFs for the Hometown Crowd

American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.

Govt disburses $202 million for 5 million poor families via village funds program

In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.

You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy

The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.

Kohl's Is In Trouble

KSS saw sales plummet more than 40% in Q1, with Q2 shaping up to be even worse. Looking further out, Kohl's is relying upon its digital business, but I don't th

Realty Income: A Best In Class REIT

Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w

Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses

Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner

Fed's Bullard: Fed programs will be wound down after crisis

"100% salary replacement for unemployment insurance is not appropriate as economy reopens," St. Louis Federal Reserve President James Bullard said on

A Much Higher Gold Price Is No Flight of Fancy

Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.

EUR/JPY Price Analysis: Euro pops and retraces vs. Japanese yen, trades near 118.30 level

EUR/JPY is retracing from the May’s highs while trading above its main SMAs on the four-hour chart. However, the spot seems to be struggling to overcome the 1

GBP/JPY Price Analysis: The pound fails at 133.00 again

Sterling’s rally from 130.65 lows last week has been unable to extend beyond the 133.00 level, for the fourth time so far this month, and the pair has

5 Unmissable Highlights From Consensus: Distributed 2020

Consensus: Distributed, CoinDesk’s virtual version of their annual crypto conference, is done and dusted. Read for the entire coverage.

Punjab CM Captain Amarinder Singh to announce decision on lifting of extension of lockdown on May 30

Punjab had 2,106 COVID-19 cases, including 1,918 cured/discharged and 40 deaths.

Nevada call center for gig worker unemployment claims down until June 1

The Alorica call center tasked with helping independent contractors and self-employed workers with filing for unemployment insurance benefits appears to have temporarily stopped taking calls.

Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript

Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting

We may not like it, but we need China's money now more than ever

Diversifying the export economy is a worthy goal – but let's be realistic about what throwing away a critical relationship with China would mean for New Zealand, writes Stephen Jacobi of the NZ International Business Forum. In a 2018 study of 183 economies’ dependence on China, undertaken by the

Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript

Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor

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.

GRAINS-U.S. soybeans firm after rain slows Midwest planting progress

* Wet weather in U.S. Midwest slows corn, soybean planting pace* Positive COVID-19 case at Brazil port supports soybeans* Wheat range-bound as northern Hemisphere weather watched (Rewrites throughout with U.S. market open, adds quote, updates prices, changes byline, changes dateline from PARIS/SINGAPORE)By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more rain lifted prices to two-week highs, although technical selling kept a lid on gains.

Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official

Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.

German chemical firms see 'significant' blows ahead from virus

Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.

Over 3500 Shramik Special trains carrying over 48 lakh passengers organised till date: Railway Ministry

The Ministry of Railways on Wednesday informed that over 3,500 Shramik special trains have been originated till now by Indian Railways carrying more than 48 lakh passengers to various destinations.

World Bank: Belarus’ Economy Can Face a Severe Shock

As a small, open, commodity-exporting economy, Belarus is heavily exposed to shocks caused by deep contractions in its main trading partners, the collapse of oil prices, and global financial volatility related to the COVID-19 pandemic, says the World Bank’s latest Economic Update for Belarus, released today. Belarus’ economy is anticipated to contract by at least […]

Rugby Canada sings multi-year deal with Italian-based sportwear brand Macron

LANGFORD, B.C. - Rugby Canada has signed a multi-year deal with global sportswear manufacturer Macron.The Canadian governing body joins Italy and Scotland a

The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential

The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential

Panel’s mantra of ease of doing business

NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its

IALPA pushing Dublin-based CityJet to retain its 57 pilots as they face redundancy

The Irish Airline Pilots’ Association (IALPA) is pushing Dublin-based CityJet to retain its 57 pilots here as they face redundancy.

Mumbai Crime: KYC frauds on the rise, cyber police caution users

Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve

To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.

Kuwait’s crude oil rises $2.14 pb on Tuesday - KPC

Mubasher: The price of Kuwait’s crude oil reached $28.61 per barrel (pb) on Tuesday, 26 May, up by $ 2.14, compared to $26.47 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). The global oil market …

UAE: Human Resources Ministry revises working hours of service centres

Precautionary measures remain in place to curb the spread of COVID-19

Liverpool fans react as club reportedly interested in signing Thomas Meunier

Liverpool are reportedly interested in signing Paris Saint-Germain right-back Thomas Meunier this summer as the defender looks set to see his contract expire in June – and Reds fans have responded on Twitter. Meunier, 28, is set to see his contract end in just over a month’s time and with the French campaign already being […]Liverpool supporters want club to complete reported move for Thomas Meunier, but they will have to nudge Tottenham side to do so.

YLW takes dramatic hit

Kelowna International Airport hasn't seen passenger numbers this low in decades.

Gold loan companies come to rescue of small businesses; banks shy away

Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially

Dubai gov’t staff to fully return to office on 14 June

Dubai – Mubasher: Dubai issued a decision allowing 50% of government employees to return to work at offices starting from Sunday, 31 May, while taking all precautionary measures against coronavirus (COVID-19).  All employees will resume their work …