Business View

Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn. Read More from Financial Post https://ift.tt/3aUlxm2

Alberta Investment Management Corp. has chalked up $2.1 billion in “realized and unrealized” losses on a volatility-related investment strategy, the pension manager's chief executive Kevin Uebelein acknowledged Thursday.   Read More from Financial Post https://ift.tt/2KLCQLC

TOKYO -- Oil prices jumped on Friday, extending the previous session's gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic. Read More from Financial Post https://ift.tt/2yYqehw

WASHINGTON -- The U.S. Navy said on Thursday it awarded a contract worth more than $5.5 billion to Italy's Fincantieri to build its newest class of warships, known as frigates. Read More from Financial Post https://ift.tt/2z1RE6o

SEOUL -- South Korean exports plunged in April at their sharpest pace since the global financial crisis as the coronavirus pandemic hit demand and paralyzed the global economy and supply chains. Read More from Financial Post https://ift.tt/35mR8vJ

TOKYO -- Japan's factory activity shrank faster than initially estimated in April, a manufacturing survey showed on Friday, as the coronavirus hit to the economy deepened, with declines in product orders and output accelerating. Read More from Financial Post https://ift.tt/3aUpebq

Boeing Co has no plans to seek additional funding through the capital markets or from the U.S. government at this time, the planemaker said in a statement on Thursday. Read More from Financial Post https://ift.tt/35kZHab

WASHINGTON -- U.S. President Donald Trump said on Thursday he was confident the coronavirus may have originated in a Chinese virology lab, but declined to describe the evidence, ratcheting up tensions with Beijing over the origins of the deadly outbreak. Read More from Financial Post https://ift.tt/3cZ8u4c

Before tertiary infections take root, it could perhaps be a good to plan to decongest the slums by arranging travel of migrants to their home in orderly manner without losing time from The Financial Express https://ift.tt/2KQ4Huc

States need to undertake to clear departmental dues, fast-track subsidy release to receive first tranche of Rs 45-k cr; show evidence of action to get the balance from The Financial Express https://ift.tt/2SmLEvN

It also said that annual cash bonus and performance-linked incentives normally paid in the first quarter stand deferred. from The Financial Express https://ift.tt/2Wg0cOU

Rishi Kapoor was old Bollywood, but he was also cracklingly fresh, spoke to an India trembling on the cusp of a new era from The Financial Express https://ift.tt/2YsLpmN

Many independent agencies have forecast that Indian economy may grow at less than 1% in FY21 from around 5% (advance estimate) in FY20. from The Financial Express https://ift.tt/2Sqs9lT

The company has also created an interesting new business vertical from this quarter - financial services - based on internal reorganisation of its business segments. from The Financial Express https://ift.tt/35jNT8g

Extending the lockdown well beyond mid-May would shave 8-9% off the real GDP. but, the damage being done doesn’t seem to be filtering up to those in charge from The Financial Express https://ift.tt/3f9cLEk

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month from The Financial Express https://ift.tt/2YsIWsx

CARACAS -- Venezuela on Thursday published a list of new price controls for 27 basic food items, fixing the price of eggs, some cuts of meat, and sausage above the monthly minimum wage President Nicolas Maduro set for the inflation-stricken country this week. Read More from Financial Post https://ift.tt/35p6NdR

WASHINGTON/NEW YORK -- As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving coronavirus-stricken commerce. Read More from Financial Post https://ift.tt/2VRCARH

HONG KONG -- Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Such a jolt could sink most companies - a risk not taken lightly by global policymakers who have delivered various measures over the past two months to help cushion corporate losses. Read More from Financial Post https://ift.tt/3f3AQfE

SEOUL -- Following are South Korea's Read More from Financial Post https://ift.tt/35k3Tal

TOKYO -- Core consumer prices in Tokyo fell for the first time in three years in April, a sign that slumping energy costs and weak demand due to the coronavirus pandemic are heightening the risk of a return to deflation for the fragile economy. Read More from Financial Post https://ift.tt/2SnFzPo

WASHINGTON -- IMF chief Kristalina Georgieva on Thursday lauded Japan's plans to spend about 20% of its gross domestic product to respond to the economic challenges of the coronavirus pandemic and help the world's poorest countries, urging others to do their part. Read More from Financial Post https://ift.tt/2xncwnY

WASHINGTON -- Three of the largest four U.S. airlines said Thursday they will require passengers to wear facial coverings on U.S. flights, joining JetBlue Airways Corp in taking the step to address the spread of the coronavirus and convince reluctant passengers to resume flying. Read More from Financial Post https://ift.tt/3bNZm2l

Tyson Foods Inc is halting operations at a beef facility in Dakota City, Nebraska until May 4 to complete a deep cleaning of the plant amid the coronavirus outbreak, a unit of the largest U.S. meat supplier said on Wednesday. Read More from Financial Post https://ift.tt/3eYd5Wp

SEOUL -- South Korea reported on Thursday no new domestic coronavirus cases for the first time since its Feb. 29 peak, the Korea Centers for Disease Control and Prevention (KCDC) said. Read More from Financial Post https://ift.tt/2Si8q84

Live: US economy to face hard slog back from virusIndia has reported 31,787 confirmed cases including 22,982 active cases, 7,796 cured/discharged cases and 1,008 deaths. from Economic Times https://ift.tt/2yRA9p8

Wall Street rallies on promising coronavirus drugAll are well within 20% of their record levels, with the tech-heavy Nasdaq now within 10% of its high. from Economic Times https://ift.tt/2W9ZL8K

“To say that they cannot leave their house, and that they will be arrested if they do – this is fascist,” Tesla CEO Elon Musk ranted on Wednesday, attacking shelter-at-home orders aimed at curtailing the coronavirus pandemic. “Give people back their god damn freedom.” Musk’s comments, made during a call with investors, may resonate longer than the strong quarterly numbers the company had just reported. They also seemed to mix profits and principles. Musk argued that the continued shutdown of its Fremont, Calif. electric car factory because of the pandemic could pose a serious risk to his company. But Tesla has a lot of cash to help it get through any downturn. “The extension of shelter-in-place, or as I would say forcibly imprisoning people against their constitutional rights . . . it will cause great harm not just to Tesla, but to many companies,” Musk said. “While Tesla will weather the storm, other companies will not.” Musk’s outburst came during what should have been a celebra...

Despite the coronavirus weakening the global economy, Microsoft managed to be relatively unscathed.  The technology giant said Wednesday that its overall revenue in its latest quarter jumped 15% year-over-year to $35 billion. Those results beat analyst expectations of $33.7 billion, fueling a 4.5% rise in the company’s shares during after-hours trading, to $177.43. But while Microsoft  continued its string of solid quarterly  earnings , it wasn’t totally immune from financial troubles related to  Covid-19 , as company executives explained in a conference call. Here’s three ways the pandemic did impact the business. Bing and LinkedIn took a hit Chief financial officer Amy Hood said Microsoft experienced a “significant reduction” in ad spending, which affected its search business and LinkedIn professional network. The decline was part of a broader retrenchment in the online ad industry, which Facebook also highlighted on Wednesday. With companies laying off thou...

Tesla CEO Elon Musk assailed the social distancing measures in place over the past several weeks in the electric car-maker’s home state of California and across the country, which led to a weeks-long closure at the company’s flagship Fremont factory. from Yahoo Finance https://ift.tt/2Sis03K

The MHA has asked all states and Union Territories to designate nodal authorities and develop standard protocols for receiving and sending such stranded persons. from The Financial Express https://ift.tt/2WbSDsn

TOKYO -- Japan's parliament is set to approve on Thursday a $241 billion supplementary budget to fund a record stimulus package featuring cash payouts and loans to cash-strapped firms to cushion the economic blow from the coronavirus pandemic. Read More from Financial Post https://ift.tt/2W8wVpj

The governor of Florida, among the last to lock down his state against the U.S. coronavirus outbreak, announced on Wednesday he would permit a limited economic reopening next week while leaving restraints intact for the dense greater Miami area. Read More from Financial Post https://ift.tt/35nQLkv

By Clara Ferreira Marques Read More from Financial Post https://ift.tt/2WcUHjQ

BEIJING -- China's services activity expanded at a faster pace in April, but business is expected to take some time to fully recover due to the lingering impact from the coronavirus crisis at home and globally. Read More from Financial Post https://ift.tt/2VNruNk

BEIJING -- Factory activity in China expanded for a second straight month in April, as more businesses resumed work after the coronavirus-led shutdowns, though worldwide lockdowns and sliding global demand are set to hamper a recovery in the embattled economy. Read More from Financial Post https://ift.tt/3f5BcSU

PANAMA CITY -- The Panama Canal said on Wednesday it would make a temporary change to the payment system for ships booking passage through the waterway in order to offer more flexibility to customers affected by the coronavirus outbreak. Read More from Financial Post https://ift.tt/2Skzvrg

New Zealand dairy giant Fonterra's exports to no. 1 market China slid 1.4% in the first two months of the year from the same period a year ago, it said on Thursday, citing public health measures imposed to counter the coronavirus pandemic. Read More from Financial Post https://ift.tt/2VNqUPE

BOGOTA -- A large crowd of Venezuelan migrants held up traffic on a Bogota highway on Wednesday, demanding to be allowed to leave Colombia and return to Venezuela, as Colombia's coronavirus lockdown has crippled their ability to earn to living. Read More from Financial Post https://ift.tt/3bOGJex

LONDON -- China may be on the road to COVID-19 recovery but its giant industrial metals industry faces the new challenge of maintaining global supply chains of raw materials. Read More from Financial Post https://ift.tt/2YhYa3j

By Liam Denning Read More from Financial Post https://ift.tt/2zIKy74

Industry again urged the government to include mobiles, laptops and accessories in the essential list and allow phased opening of repair and sale shops, beginning from the 'green zone'. from The Financial Express https://ift.tt/2zJo3ij

(Bloomberg) -- Boeing Co. soared after executives outlined a road map to survive the worst downturn in aviation history, and assured investors that the company has the means to make it through. If all goes to plan, the aerospace titan will be generating cash again by next year.The U.S. planemaker is shrinking its workforce by about 10%, or about 16,000 jobs, to conserve cash. Work will slow in its factories, with 787 Dreamliner output cut for a third time in successive quarters. Boeing expects to restart production of the grounded 737 Max this quarter at a gradual pace as key customers like Southwest Airlines Co. curb growth ambitions.The unprecedented collapse in air travel spurred by the Covid-19 outbreak is forcing Boeing into a fight for its life as passenger totals plunge 95% in the U.S. alone. Addressing investors’ worst fears, Chief Executive Officer Dave Calhoun and Greg Smith, his top lieutenant, emphasized that the company has the balance-sheet strength and access to capital ...

The decision was made on Wednesday at a meeting of the Central Advisory Council (CAC), which is constituted under provisions of Real Estate (Regulation and Development) Act, 2016 (RERA). from The Financial Express https://ift.tt/3bRkh4q

MEXICO CITY -- Struggling Mexican airline Interjet suffered a heavy blow on Wednesday when it was suspended from the clearing house membership of the International Air Transport Association (IATA) for failing to keep up with payments. Read More from Financial Post https://ift.tt/35hMsqN

TOKYO -- Japan's factory output fell 3.7% in March, government data showed on Thursday, compared with the median market forecast for a 5.2% drop. Read More from Financial Post https://ift.tt/2ybjzAz

SYDNEY/NEW YORK -- Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions. Read More from Financial Post https://ift.tt/3eZTO6J

Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns. Read More from Financial Post https://ift.tt/2WbOu81

WASHINGTON/CHICAGO -- President Donald Trump on Tuesday ordered meat-processing plants to stay open to protect the food supply in the United States, despite concerns about coronavirus outbreaks, drawing a backlash from unions that said at-risk workers required more protection. Read More from Financial Post https://ift.tt/2KHHbPR

WASHINGTON -- The U.S. Navy has paid defense contractors $600 million it had withheld to ensure contract performance, hoping the funds would shore up finances for suppliers ravaged by the coronavirus-driven economic downturn, a Navy official said on Tuesday. Read More from Financial Post https://ift.tt/2y8aZ5B

MELBOURNE -- Oil prices climbed on Wednesday, trimming some of this week's steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up as some European countries and U.S. cities moved to ease coronavirus lockdowns. Read More from Financial Post https://ift.tt/3eZQZm9

Australia's Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought all of its shares held by Macau casino operator Melco Resorts & Entertainment Ltd, sending its share price soaring. Read More from Financial Post https://ift.tt/2W5fy8R

SINGAPORE -- The dollar was on the back foot on Wednesday as the slowing spread of the coronavirus and moves to re-open economies supported the investor mood, ahead of major central bank meetings. Read More from Financial Post https://ift.tt/2Wahc8W

RIYADH -- Saudi Arabia's budget deficit in the first quarter of 2020 stood at 34.107 billion Saudi riyals ($9.07 billion), the finance ministry said on Wednesday. Read More from Financial Post https://ift.tt/2SjYV8l

Coronavirus: India case count nears 30,000India has reported 29,974 confirmed cases including 22,010 active cases and 7,026 cured/discharged cases and death toll rises to 937. from Economic Times https://ift.tt/2KFXbll

Goodbye, boneless chicken. Food retailers across North America are swapping boneless chicken legs for less popular thighs and drumsticks as a wave of shutdowns at meatpacking plants has reduced supplies of sought-after cuts. Covid-19 infections among workers at some of the largest meat processing plants in the U.S. and Canada have reduced slaughter capacity, and in some cases the types of cuts available. Outbreaks have shut down almost a third of U.S. pork capacity and the growing wave of disruptions has spurred plans by President Donald Trump to order meat-processing plants  to remain open . In Canada, Cargill Inc. has idled its beef plant in High River, Alberta, which accounts for about 40% of Canada’s processing capacity while JBS SA’s beef plant in Brooks, Alberta, is running at about half capacity. Quebec-based Goodfood Market Corp., which delivers meals on a subscription basis, said it will be substituting its regular boneless chicken for bone-in thighs, legs and drumstick...

Speaking at the Indian Express e-Adda from the US, Subramanian said that distribution of food and cash are the two key tools India should be using to help people tide over the crisis. from The Financial Express https://ift.tt/2yUZiz3

On the other hand, the Centre’s nodal agency Nafed (for oilseeds and pulses) has purchased 72,416 tonne of chana, which is less than 3% of the sanctioned quantity under PM-Aasha scheme. from The Financial Express https://ift.tt/2Yh3VOz

MISSISSAUGA, Ontario -- MedX Health Corp. (“ MedX ” or the “ Company ”) (TSX-V: MDX) is pleased to announce that further to the Conditional Approval from the TSX Venture Exchange for a non-brokered Private Placement to accredited investors of up to 25,000,000 units at $0.12 per unit (“Unit”), to raise up to $3,000,000 that was announced on March 6, 2020, the closing of two tranches of that placement have taken place, the first on April 22, and the second on April 27, 2020, for a total of 9,908,006 units, raising a total of $1,188,960. Closings of further tranches of this non-brokered placement are anticipated during the course of the coming days. Each Unit is comprised of One (1) fully paid common share and One (1) Share Purchase Warrant, exercisable to purchase One (1) further Common Share at the price of $0.20, exercisable for a period of two years from the date of issue. The securities issued on April 22 and April 27, 2020, will be restricted from trading for four months from their ...

AMC Entertainment Holdings Inc, the world's largest movie theater operator, said on Tuesday it would no longer play any Universal Studios films in any of its theaters globally. Read More from Financial Post https://ift.tt/3cOWxya

Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns. Read More from Financial Post https://ift.tt/2YhFCAa

SEOUL -- South Korea's March factory output jumped by the most in 11 years as demand for display panels and cars received an unexpected boost from lengthy shutdowns in competing Chinese factories amid the coronavirus pandemic. Read More from Financial Post https://ift.tt/3aFJ7TG

LONDON -- Front-month U.S. light crude oil futures prices slumped almost 25% yesterday, the second sharp tumble in a week, after the exchange operator ordered a major commodity fund to sell some of its near-dated futures contracts. Read More from Financial Post https://ift.tt/3d0mTgP

Sowing of pulse crops of moong and udad, too, spiked from 21,210 hectare and 4,890 hectare to 44,557 hectare and 13,525 hectare, respectively. from The Financial Express https://ift.tt/3aMUFUY

The bank’s advances grew 15% y-o-y to Rs 5,71,424 crore as on March 31, with retail loans up 24% y-o-y to Rs 3.05 lakh crore, accounting for 53% of the net advances. from The Financial Express https://ift.tt/3eZLkfT

Hospitals were not keen earlier and considered using UV lamps in the HVAC systems only because there was a 10-15% savings in the electricity bill and not because it improved air quality and killed microbes, Kulkarni said. from The Financial Express https://ift.tt/2WbFZtD

“Keeping it open-ended and on-tap would be a better idea than conducting the operation on a pre-decided date. Banks should get enough leeway in deciding how much they want to borrow and when to borrow,” said an expert. from The Financial Express https://ift.tt/3aMOUqH

Stock futures kicked off the overnight session flat Tuesday as investors digested a slew of mixed corporate earnings results after market close. from Yahoo Finance https://ift.tt/2VM7YkA

First thing’s first: is it possible to live off dividends? The short answer is yes. The longer answer is yes, but it depends on three variables. Those three variables will come later down the article.  Before that, I want to show you how living off dividends works. Living Off Investments Have you ever noticed this about the very rich? They have their mansions, their sports cars, their country club memberships… And they don’t seem to actually work at all? Well, that’s because they live off the income that their investments generate. In other words, their money makes more money! Without getting political, this is how capitalism is designed to work.  In my opinion, you can either embrace it or fall behind. Since you’re here reading this, I reckon you’re part of the former, and you want to learn how to invest your money, make it grow... ..and then live off your dividends for the rest of your life. Get Rich with Dividends Now, as you’ll probably kno...

Gold plays an important role as a diversifier in a portfolio due to its less than perfect correlation with other asset classes. from The Financial Express https://ift.tt/2VGbpJt

The RBI recently allowed banks to use Video KYC to validate loans and credit card applications. Video KYC is another effective mechanism to accelerate application processes wherein customers can use their smartphone cameras to validate themselves before a bank-appointed officer. from The Financial Express https://ift.tt/2SgCIbg

As credit risk funds may see redemption pressure because there are no takers for lower-rated paper, investors can opt for liquid and overnight funds. from The Financial Express https://ift.tt/3cQramO

The central bank notified that it received bids worth Rs 64,746 crore against the notified amount of Rs 10,000 crore for its OMO purchases. from The Financial Express https://ift.tt/3bKFa1f

Franklin Templeton MF also said that their commitment to India remains steadfast as they have been early as patient investors in India. from The Financial Express https://ift.tt/3eTBbkV

Though rabi rice procurement continues till the end of September, the maximum procurement happens by July 15 before monsoon covers the entire country. from The Financial Express https://ift.tt/3cKBQU2

The ministry could have set a target of removing the huge burden and could have kept coal at exposed seams. As and when required coal could be extracted out of the seams. from The Financial Express https://ift.tt/2W4L46U

Covid-19 is a new virus, whose behaviour is yet to be unravelled. Mutations cannot be ruled out. It is no one-stroke flattening of the curve. from The Financial Express https://ift.tt/2YbmXpR

Sebi in its circular on Monday stated that benefits of reduction in broker turnover fees will automatically be passed to the investors as well. The broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021. from The Financial Express https://ift.tt/2W9mjqi

The lender’s gross NPAs stood at 2.45% of gross advances as on March 31, 2020, up from 2.18% on December 31, 2019, while the net NPA ratio stood at 0.91% of net advances as on March 31, 2020, down from 1.05% on December 31, 2019. from The Financial Express https://ift.tt/2YhOTbk

Experts said the debacle at Franklin could lead to redemptions from other debt schemes. Investors could lose a big chunk of the Rs 25, 800 crore worth of assets held in the six debt schemes that Franklin has wound down. from The Financial Express https://ift.tt/2Sd0DZb

He also said if anyone was to start operations on May 3, the labour workforce would not be available. from The Financial Express https://ift.tt/3eSFlK5

Credit risk funds have been seeing redemptions over the last one year. Between March 2019 and March 2020, most credit risk funds had seen outflows barring ICICI Prudential Credit Risk Funs, IDFC Credit Risk Fund and Mahindra Credit Risk Yojana. from The Financial Express https://ift.tt/3cYRMCl

PhonePe had received Rs 585.66 crore in fresh capital from its Singapore parent in December 2019. from The Financial Express https://ift.tt/3cVZhdg

Though price of the Indian basket of crude has fallen 42% since March 16 to $17.66 per barrel, retail prices of petrol (Rs 69.59/litre in Delhi) and diesel (Rs 62.29/litre) have not moved, allowing OMCs to earn more from selling every litre of these fuels. from The Financial Express https://ift.tt/2Y8QArK

India business saw strong growth; FY21/22e EPS up 7.5/7.3%; outlook for US is bright; TP raised to Rs 770. from The Financial Express https://ift.tt/3eXZfTZ

APE growth down 20% y-y led by ULIPs; FY21/22 EPS cut by 12/18% to factor in softer growth; TP revised to Rs 430; ‘Buy’ maintained. from The Financial Express https://ift.tt/35cpkKr

Market participants say the demand is still concentrated within the top-rated papers. Papers that fall within the investment grade category but are rated below AA+ are still finding it hard to get traded. from The Financial Express https://ift.tt/2W3g4Ef

Internet Service Providers Association of India (ISPAI) said this was a good opportunity for the sector. The association also raised its long-standing demand of allowing active infrastructure sharing to include internet service provider (ISP) players, which is available to all other licences. from The Financial Express https://ift.tt/358CdVX

The lawsuit filed in a District Court in New Jersey claims that while only about 12 per cent of the United States' IT industry (the industry in which Wipro operates) is South Asian, at least 80 per cent (or more) of Wipro's United States workforce is South Asian (primarily from India). from The Financial Express https://ift.tt/2VFRM48

Google, Facebook, Amazon and Apple are all set to report quarterly results this week. Payne Capital Management President Ryan Payne joins Yahoo Finance's Zack Guzman to break down the expectations. from Yahoo Finance https://ift.tt/2W2jDKW

from Yahoo Finance https://ift.tt/2Y6nRDY

from Yahoo Finance https://ift.tt/2yL7Vwe

SINGAPORE -- Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. Read More from Financial Post https://ift.tt/2xSRG0d

SINGAPORE -- Chicago wheat futures slid for a second session on Monday to their lowest since April 17 as expectations for rains in Europe boosted supply outlook. Read More from Financial Post https://ift.tt/2KEnSHj

TOKYO -- Japan's Osaka Prefecture said it will name and shame more pachinko parlor gambling outlets that are defying coronavirus lockdown requests after three out of six locations it identified on Friday subsequently closed. Read More from Financial Post https://ift.tt/2Yfef9M

The live streaming feature on social media platforms is seeing a huge uptake during the lockdown from The Financial Express https://ift.tt/2W27B4g

According to a report by InMobi, usage of mobile gaming apps has grown by 110% since then from The Financial Express https://ift.tt/2xZJxXy

“We’re not backing off on our cost and efficiency transformation initiatives that remain largely under our control. If anything, we see this as an opportunity to approach all our businesses differently and better align our work with how Covid has reshaped customer behaviours and the economy,” AT&T chief operating officer John Stankey told investors last week. Stankey will take over as AT&T’s CEO effective July 1. from Economic Times https://ift.tt/2xSNm0Z

The Tokyo-based internet group and startup incubator is the first in Japan to use this unique touchless fingerprint Morpho Wave ™ Compact reader. Read More from Financial Post https://ift.tt/2Sa99Ig

TOKYO -- The Bank of Japan is expected to expand monetary stimulus on Monday for the second straight month to ease corporate funding strains and finance huge government spending aimed at combating the deepening economic fallout from the coronavirus pandemic. Read More from Financial Post https://ift.tt/2xS0NhG

(Bloomberg) -- The narrowing group of winners in the S&P 500 doesn’t bode well for the future performance of U.S. stocks, according to Goldman Sachs Group Inc.The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday. Meanwhile, the five largest companies make up 20% of the gauge’s market capitalization, exceeding the 18% level the measure reached in March 2000 and raising investor concerns about narrow market breadth, they said.“Sharp declines in market breadth in the past have often signaled large market drawdowns,” the strategists wrote. “Narrow breadth can last for extended periods, but past episodes have signaled below-average market returns and eventual momentum reversals.”Breadth narrowed ahead of the recessions in 1990 and 2008, in the tech bubble, and during the economic slowdowns of 2011 and 2016, according to the note. In the recent rally, market leaders hav...

Live: PM to interact with CMs as tally nears 27,000India has reported 26, 917 confirmed cases including 20,177 active cases, 5,913 cured/discharged and 826 deaths. from Economic Times https://ift.tt/2Y6fjNd

US records 1,330 corona deaths in 24 hoursThe country now has an overall death toll of 54,841, with 964,937 confirmed infections, according to a tally by the Baltimore-based institution at 8:30 pm (0030 GMT Monday). from Economic Times https://ift.tt/3eWM6dB

A top security adviser to the South's President Moon Jae-in said said that Kim had been staying in Wonsan -- a resort town in the country's east -- since April 13, adding: "No suspicious movements have so far been detected." from Economic Times https://ift.tt/2yKWuoo

The country now has an overall death toll of 54,841, with 964,937 confirmed infections, according to a tally by the Baltimore-based institution at 8:30 pm (0030 GMT Monday). from Economic Times https://ift.tt/3eWM6dB

The movement of workers and raw materials remain key hurdles to resuming businesses despite the government allowing major chunks of the industry to operate from Companies https://ift.tt/3cPdrwt

A finance ministry official said some other state governments have also shown interest in borrowing from their respective state CAMPA funds, but refused to name them. from The Financial Express https://ift.tt/2Y8wA8s

Among other measures, the report suggests that inheritance tax, which was abolished in 1985, should be brought back as this would reduce concentration of wealth, widen tax base and enhance revenue. from The Financial Express https://ift.tt/2KzyeYL

SYDNEY -- Asian shares inched higher on Monday ahead of a busy week for earnings and central bank meetings, with much chatter the Bank of Japan (BOJ) will announce more stimulus steps. Read More from Financial Post https://ift.tt/2W4EsWd

TOKYO -- The yen was hemmed into a tight range on Monday before a Bank of Japan meeting where policymakers may consider scrapping limits on bond purchases and easing funding for companies hit by the coronavirus crisis. Read More from Financial Post https://ift.tt/3cHKC5c

Amazon.com Inc is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a new plan to counter fraud without in-person meetings in the pandemic, the company said on Sunday. Read More from Financial Post https://ift.tt/2W1SwiV

PARIS -- European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action. Read More from Financial Post https://ift.tt/2W1pAYr

The Pradhan Mantri Garib Kalyan Yojana (PMGKY) relief package, announced on March 27 to alleviate the distress of people most affected by the nationwide lockdown, may help whittle down some of the excess foodgrain stocks. from The Financial Express https://ift.tt/2VG9Jji

Given the Indian economy could well contract in 2020-21,following the disruption to the pandemic, even bigger companies might enourage some employees to work from home. For small businesses there might be no other option. from The Financial Express https://ift.tt/2yH5ivn

Apr.26 -- Speculation about North Korean leader Kim Jong Un’s health intensified over the weekend following tantalizing -- yet unverified -- reports. Stephen Engle reports on "Bloomberg Daybreak: Australia." from Yahoo Finance https://ift.tt/3bI83Lp

Yahoo Finance Zack Guzman and Brian Cheung dig in to the latest federal budget deficit figures from the CBO, and break down what to expect in next week's Federal Reserve meeting on Wednesday. from Yahoo Finance https://ift.tt/3cMIwkm

PM Modi to address 'Mann Ki Baat' at 11 am todayAccording to the Union Ministry of Health and Family Welfare, there are 24,942 COVID-19 cases in India, including 5,210 cured/discharged/migrated and 779 deaths. from Economic Times https://ift.tt/3cLSJh6

On Thursday the US leader stunned viewers by saying doctors might treat people infected with the coronavirus by shining ultraviolet light inside their bodies, or with injections of household disinfectant. from Economic Times https://ift.tt/3cLl5bg

The United States is by far the hardest-hit country in the global pandemic, in terms of both confirmed infections and deaths. from The Financial Express https://ift.tt/2S96s9U

Patna happens to be a distant second with 35 cases, including five recovered patients, followed closely by Nalanda (34) where three people have recovered. from The Financial Express https://ift.tt/2YcvR6x

Many Americans flocked to beaches on Saturday as one Florida county expanded access and California experienced a heat wave, even as new coronavirus cases hit a record high in the United States the day before and deaths topped 200,000 worldwide. Read More from Financial Post https://ift.tt/2zwrlFz

Italy has the second highest toll with 26,384 deaths out of 195,351 cases, followed by Spain (22,902 deaths and 223,759 cases), France (22,614 deaths and 161,488 cases) and the UK with 20,319 fatalities and 148,377 cases. from The Financial Express https://ift.tt/3cLlvOS

Live: Saudi Arabia partially lifts curfewThe United States recorded 2,494 more coronavirus deaths in the past 24 hours, according to figures reported Saturday night by Johns Hopkins University. from Economic Times https://ift.tt/3bEN6kK

The monitoring project, 38 North, said in its report on Saturday that the train was parked at the "leadership station" in Wonsan on April 21 and April 23. The station is reserved for the use of the Kim family, it said. from Economic Times https://ift.tt/2S7yl22

The country now has an overall death toll of 53,511, with 936,293 confirmed infections, according to a tally by the Baltimore-based university at 8:30 pm (0030 GMT Sunday). from Economic Times https://ift.tt/3bEe8sr

Indian Council of Medical Research (ICMR) has recently allowed states to start clinical trials of plasma therapy. from The Financial Express https://ift.tt/2yJyMJ0

Coronavirus India Latest Updates (State-Wise) LIVE: The Delhi government said it has seen encouraging results from the Coronavirus plasma therapy trial on more patients. Karnataka also began similar COVID-19 plasma therapy trials on Saturday, while Rajasthan said it was also ready to conduct these trials. from The Financial Express https://ift.tt/2znGdWz

Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as well as focusing on private sector funding, a company spokeswoman told Reuters. Read More from Financial Post https://ift.tt/2VXf4BA

As China rolls out its Blockchain-based Services Network (BSN), an insider describes the "breathtaking" scope of the initiative. from Yahoo Finance https://ift.tt/3azx2zh

Penn National Gaming (NASDAQ:PENN) is up nearly 40% in the last 30 days. This is welcome news to investors who watched as PENN stock fell nearly 90% in the period between February 20 through March 20.Source: Jeffrey J Coleman / Shutterstock.com Investors are obviously encouraged by the fact that Penn National, and other casinos, will receive a lifeline from the federal government. But a recent Macquarie Research report showed that Penn is burning through cash at a rate that would only keep the company afloat for five months.Prior to the coronavirus pandemic, PENN was building a nice poker hand. They had an "asset light" infrastructure that was allowing the company to collect rent on many of its various properties. And a new agreement with Barstool Sports was giving the company an important foothold in the lucrative sports betting industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut investing in casino stocks is always a gamble (no pun intended). When...

With earnings coming out next week, should you buy Ford (NYSE:F)? The automaker has seen its share of trouble from the novel coronavirus. With its auto plants sitting idle, expect them to continue burning through cash until we get back to "normal," which doesn't bode well for F stock.Source: Vitaliy Karimov / Shutterstock.com Based on numbers recently released by the company, cash burn could be over $5 billion per month. The automaker has built up a solid cash position to ride things out. But, let's just say 2020 isn't going to be a great year financially.So, why buy F stock? Especially now, just before earnings? Despite the plethora of bad news, shares today could be "priced for disaster."InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, shares may have been oversold relative to actual risks. Sure, shares could go lower in the near-term. But one to two years out, buying F stock today could be a shrewd move in hindsight. F...