Borrowers are worried as micro-financing firms, private banks and some primary co-operative societies have stepped up pressure for recovery of loans, going against the spirit of Reserve Bank of India’s moratorium relief. With the lockdown norms relaxed, their agents have entered the villages knocking at the doors of the borrowers asking them to pay the […]
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American Finance Trust, Inc. Reported Earnings
American Finance Trust, Inc. , an important milestone in the company’s journey to build a stronger busin ess. The results were positive, with revenue coming in at US$75m, beating analyst expectations by 4.3%. This is an important time for investors, as they can track a company’s performance in its report, look at what expert is […]
CVC Eyes Soccer Deals From Germany to France
The White House is seeking revisions to a rejected Centers for Disease Control and Prevention plan to help local health authorities reopen businesses, according to reports. A U.S. agency withdrew approval for N-95 masks from China. The National Institutes of Health fears the loss of funded research as laboratories remain shut. The Bank of England […]
India: Nifty ends above 9,200 Sensex up 199 pts
Indian equity benchmarks the Sensex and the Nifty ended higher on May 8, supported by strong gains in heavyweights such as Reliance Industries and Hindustan Unilever, as positive Asian peers underpinned investor sentiment. The Sensex rose 199 points to 31,642, while the Nifty closed 52 points higher at 9,251. The broader markets underperformed, as the […]
Dow jumps more than 200 points
The Dow Jones Industrial Average traded 241 points higher, or 1%. The S&P 500 gained 0.8% while the Nasdaq Composite climbed 0.5%. The major averages were headed for their first weekly gains in three. The Labor Department said a record 20.5 million jobs were lost last month, adding the unemployment rate jumped to 14.7% from […]
Bitcoin Bearwhale Vanishes as BTC Hits $10K
The biggest whale on Bitfinex known to the Bitcoin (BTC) community as Joe007 vanished, as the price of the top-ranked cryptocurrency by market capitalization hit $10,000. Joe007 left with a farewell letter on May 7 on Twitter—which can no longer be seen after he deleted his account—describing his time on Twitter as an “experiment.” He […]
Australian share market has dipped modestly
The Australian share market has dipped modestly for a second day as oil prices slid, even as a surging trade surplus bolstered the mining sector. The S&P/ASX200 benchmark index finished Thursday down 20.4 points, or 0.38 per cent, to 5,364.2, while the All Ordinaries index was down 14.9 points, or 0.27 per cent, at 5,449.9. […]
Freeze Out U.S. Energy Exports
China is an economic powerhouse, comprising 12% of global trade. It has 400 million middle-class consumers. Bilateral commerce between the United States and China reached $600 billion before the trade war. China, for example, imported $254 million in liquefied natural gas, or LNG, from the United States in January 2018. Now, though, China has stopped importing the […]
US unemployment rises another 3m
More than 33 million jobless Americans have now made claims in the past seven weeks. The latest figures from the US labor department come ahead of the first official monthly report on the American jobs market since the pandemic triggered lockdowns across the country. In March, the official unemployment rate in the US was 4.4%, […]
Pound rises after Bank of England holds steady on policy
Amid concerns of rising U.S.-China tensions, top trade negotiators Robert Lighthizer and Liu He could be speaking trade between the countries as early as next week, Bloomberg News reported, citing sources. The corporate front was busy with Europe’s first major deal since the pandemic began. Shares of Telefónica US:TEF ES:TEF rose nearly 1% after the […]