New emissions blow for VW as German court backs damages claims

KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.

Top German court grants buybacks for VW diesel car owners

A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other "dieselgate" cases.

Top German court grants buybacks for Volkswagen diesel car owners

News News: Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel-engined cars, the ruling is the first real

VW defeated in landmark Dieselgate case brought by van buyer

German court ruling will force carmaker to compensate tens of thousands more customers

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the . . .

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

HDFC profit falls 22% to Rs 2,233 crore in March quarter

HDFC board announced a dividend of Rs 21 per share for FY20.

Is Jio Platforms looking to raise more funds?

Jio Platforms, the wholly-owned subsidiary of Reliance Industries Ltd (RIL), is reportedly scouting for more funds, with the firm in talks with two more investors.The company controlled by Asia’s rich

Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks

This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d

Still A Lot Of Value In Corporate Bond Market

Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev

HDFC a better play than its peers: Sharekhan

'Q4 stable for the NBFC on asset quality front'

Jefferies’ 22 highest conviction U.S. stock picks

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy 

RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.

Monday’s analyst upgrades and downgrades

Raymond James slashes target on CAE

GBP/USD: Near-term downside risks into mid-year – CIBC

This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El

Japan lifts Tokyo’s state of emergency

Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.

Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus

The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14

Japan lifts Tokyo’s state of emergency, eyes fresh stimulus

TOKYO, May 25 (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.

German activity picks up, can't escape official recession

FRANKFURT — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings as Germany faced a long journey toward full recovery from the coronavirus downturn. Revised official figures released separately Monday showed the economy has now recorded two straight …

Flash PMI Shows Japan On Course For Record Downturn In Second Quarter

Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde

German business morale rebounds in May as corona restrictions are eased

The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that . . .

‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies

‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy

Horgan welcomes news Ottawa will be pursuing paid sick leave

B.C. Premier John Horgan is applauding news that the federal government is looking at ensuring 10 days of paid sick leave for workers.The premier has been advocating for a national sick-leave program. . .

Horgan welcomes news Ottawa will be pursuing paid sick leave

CINDY E. HARNETTTimes ColonistB.C. Premier John Horgan is applauding news that the federal government is looking at ensuring 10 days of paid sick leave for workers.The premier has been advocating for. . .

Bayer says it makes progress in settlement talks over weedkiller

Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer

Bayer reaches agreement in 125,000 US cancer lawsuits

Pharmaceutical giant reportedly does deal to end inherited costly legal battle

How Community Participation can Assist in Architectural and Urban Post-Disaster Reconstruction

How community participation can assist in architectural and urban reconstruction following natural disasters or tragedies caused by human action.

How Community Participation can Assist in Architectural and Urban Post-Disaster Reconstruction

How community participation can assist in architectural and urban reconstruction following natural disasters or tragedies caused by human action.

CERB payments hit $40B

A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.

Payments for CERB top $40 billion as feds open doors for commercial rent help

OTTAWA — A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.Federal figures posted . . .

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

COVID-19 impact: IDFC FIRST Bank's senior management takes pay cut

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role

Vermilion says it has created an executive committee to run the company instead of replacing Marino

Inside the Nottingham labs where drug research experts look for new treatments during pandemic

They are working together on the discovery and development of new therapeutics

Bank holiday sunshine - and it’s set to continue, with forecasts of a warm, dry June

After today’s sunny bank holiday, a long warm, dry spell looks set to continue - with little rainfall expected for East Anglia during June.

Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan

The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat manufactures cars on a contract basis for Maruti Suzuki India

New payment to support Kiwis through COVID - Government

The COVID-19 crisis has had a significant impact on the jobs and livelihoods of New Zealanders.

LOUTH TD: 'Will Fine Gael caretaker government cut €350 payment later this week'

Welfare

Lithium Miners News For The Month Of May 2020

Lithium prices were slightly lower for the month, but look to have bottomed. Lithium market news - Higher demand boosts China's battery material output. Posco C

Familiarity Breeds Short-Termism

Familiarity has been shown to breed investment, as investors confuse familiarity with safety. Research shows that familiarity (trading in stock previously had t

Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2020 Update

Glenn Greenberg’s 13F portfolio value decreased from $1.89B to $1.74B this quarter. Brave Warrior Advisors added HCA Healthcare and increased Anthem while reduc

Mortgage ILS COVID-19 Dislocation To Elevate Reinsurance Costs: A.M. Best

The current dislocation of the mortgage insurance-linked securities market due to the COVID-19 pandemic is likely to cause mortgage reinsurance rates to rise. A

How we selected over 1,000 new recruits -- NNPC

The corporation says professional competence, transparency, accountability and federal character are primary considerations in its employment.

Govt Should Delay Road Tax Increase Due To Economic Crisis

“The Government should delay an increase in road user charges scheduled for 1 July this year,” according to ACT Leader David Seymour.

CLT Grants Go Where Increased Need Is

“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.

Govt Income Relief Payment Creating Two-tiers Of Unemployed

Auckland Action Against Poverty welcomes the individualised Income Relief Payments for those being made redundant but warns that the Government is creating two-tiers of unemployed: those deserving of liveable incomes and those who do not.

COVID-19 Income Relief Payment Announcement Welcomed

The Council of Trade Unions is welcoming today's announcement from the Minister of Finance to provide individualised targeted financial support for working people who have been made redundant by their employers as a direct result of COVID-19.

How is Covid-19 playing out in rural India?

Even if the incidence of infection is not high in rural areas, its affect on rural-urban migration has debilitated livelihoods

KCCA should partner with Kiira Motors on city buses project

It is proposed that special lanes will be put in place for the Eco- (sic) electric and combustion fuel efficient buses starting at the City Square in a ring road...

35,000 who had been recieving Pandemic Unemployment Payment returned to work last week

Assistant Secretary General at the Department of Taoiseach Liz Canavan said that while 579,000 people remain on the €350 per-week payment introduced at the beginning of the outbreak, 35,900 returned to work in the last week.

GST refund: CBIC clears Rs 11,052 crore claims

Lockdown extensions economically disastrous, create another medical crisis, says Anand Mahindra

Find out the impact COVID-19-induced lockdown has had on the tea industry

RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC

RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.

With little state aid, zombie shops in Portugal fear short-lived reopening

LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.

Investing in Spanish Nissan factory cheaper than closing it: Spanish official

(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).

Dawn Meats reopens plant supplying McDonalds burgers

Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets

EU eyes first face-to-face summit in months to haggle over budget

European Commission to propose blueprint for € 1tn multiannual financial framework

Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%

SmartCentres, SNC and Telus see insider buying

Samsung's NAND flash market share down slightly in Q1

The share global NAND flash market for Samsung in the first quarter of the year dropped slightly compared to three months earlier, a report said on Monday, although the South Korean giant

Doosan Group struggling to sell assets to tide over credit squeeze

Heavy machinery and power equipment-focused Doosan Group is seeking to ease its severe credit squeeze stemming from its flagship Doosan Heavy Industries & Construction Co. by coming up with a self-rescue plan that centers on sales of assets.  The country's 15th-largest conglomerate said late last month that it will push ahead with a plan to sell its shares and non-core assets in a bid to secure more than 3 ...

Duty-free shops suffer sharp drop in April sales amid virus outbreak

   South Korean duty-free stores saw their sales drop sharply below the 1 trillion-won ($804 million) mark in April, feeling the pinch of the fallout from the new coronavirus, industry data showed Tuesday. Combined sales of local duty-free shops shrank 9.2 percent on-month to 986.7 billion won last month, according to the data from the Korea Duty Free Shops Association. The number halved from January, the...

Lockdown Extensions Economically Disastrous, Create Another Medical Crisis: Anand Mahindra

Choices are not easy for policymakers, Anand Mahindra says, but a lockdown extension will not help.

China warns of new Cold War as US blacklists more firms

The US decision to add 33 Chinese entities to a trade blacklist risks potential retaliation from Beijing as tensions between the world’s two biggest economies deteriorate further.

Beijing seeks to reassure business over Hong Kong security law

But investors fret about threat to city’s autonomy from law that has sparked new pro-democracy protests

Jim O’Neill in talks to help boost Boris Johnson’s ‘levelling-up’ agenda

Former Treasury minister linked with chairing new body to drive economic growth in north of England

The changing face of the billionaire classes

Is Europe becoming more American in its wealth creation as the US becomes more European?

Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief

In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive

Before You Take an Early Retirement Plan Withdrawal Because of COVID-19, Do This

The CARES Act allows for penalty-free retirement plan withdrawals. But it pays to explore other options before raiding your IRA or 401(k).

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses

Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law

EasyJet faces huge class-action lawsuit over data breach

UK law firm PGMBM files class-action claim on behalf of affected EasyJet customers.

COVID-19: Is this the end of the road for Renault?

Pandemic puts the French brand's 122-year history at stake...

Andy Palmer to quit as Aston Martin CEO after shares plunge

Will be replaced with Mercedes-AMG CEO Tobias Moers

What Yasir Al-Rumayyan said at event explains unusual timing of Newcastle United takeover bid

Yasir Al-Rumayyan has given an insight into why Saudi Arabia's Public Investment Fund has been so aggressive during the coronavirus pandemic as Newcastle United supporters await the result of the Premier League's owners' and directors' test

Govt asks RBI to remove sugar from negative list as virus hits consumption

Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears

3 Travel and Tourism Stocks Poised for a Bull Run

The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Boost for zero-emission sources as global capital backs Indian solar power

The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent

Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat

Business Standard brings to you the top headlines of the day.

Milan-based Milkman snags €25 million to expand and partner with Poste Italiane for special delivery service

Milkman, a Milan-based logistics and delivery platform, has raised €25 million in its third round of funding, with backing from Poste Italiane, P101 sgr, Italia500, Vertis and 360 Capital. The deal includes an agreement between Milkman and Poste to create a new premium service, MLK Deliveries, specifically for Poste customers. The Italian company focuses on […]

Income Tax Saving: How your spouse can help you save taxes

Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving income tax. Here is how.

How ZEE5’s investment in original content has helped in getting the SVOD game right

The platform has begun preparations to shoot for the next batch of original content in the green zones

Salary (CTC) calculation: Earning Rs 40,000 or Rs 30,000 as DA+Basic? You may get this extra amount

Salary (CTC) calculation: Under CTC model, if the monthly EPF wages of an employee is Rs 10,000, then he/she will get Rs 200 more directly from the employer as the share of the employer's contribution to EPF/EPS will be reduced and Rs 200 less will be deducted from his/her wages

India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo

The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said

Meet Cyrus, who wants to own Virgin through the virus and beyond

Every good auction needs a smokie.

EUR/CHF: SNB looking to contain Swiss franc action – CIBC

The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish

NZD/USD fluctuates in tight range near 0.6100

The NZD/USD capitalized on the upbeat market mood last week and gained more than 150 pips. In the absence of significant fundamental drivers at the st

USD/JPY: Downside potential is limited

The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer

S&P 500: The market is not going to fall off a cliff again – Charles Schwab

Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if

EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s

The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou

Telstra CEO wants NBN upgrade paths reflected in govt policy

Calls for telcos to be unshackled from past policy and decisions.

Apollo's Ventia asks for $1.6b, five banks on board

Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market. 

Toot toot! Afterpay runs into index day

Beware the Afterpay train this week. 

BMTC introduces flat bus fare system in Bengaluru to replace daily passes; system aimed at minimising contact during travel

The BMTC's new flat fare system will minimise contact in buses during travel amid the coronavirus pandemic

Lufthansa's US$9.8 billion bailout bogged down in talks with EU

Germany’s 9 billion-euro (US$9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.

Nigeria’s GDP rises by 1.87% in Q1 2020

Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...

When lockdown is over, bring workers back to their jobs but with free rail travel

Encourage local industries or work from home to harness women’s energy. The shramik has waited long enough. They deserve better.

How Kenyan employers are supporting their employees to navigate COVID stress

The coronavirus pandemic is a health crisis and human tragedy which has affected thousands across the globe. As a result, economies are charged with providing a response to the pandemic. Some of the challenges countries are faced with include debt increase, oil demand decline, and rising unemployment. In this light, Mercer, a global consulting leader in talent, health, retirement and investment held a webinar to discuss what this pandemic could mean for Kenya’s economic landscape. According to Francis Omanyala, Associate Consultant at Mercer, Africa has unique challenges in its fight against COVID-19. However, it is crucial that organizations better understand some of these issues and redirect their energies to unlocking some of the available opportunities.

South African public-sector wage dispute moves to arbitration

JOHANNESBURG, May 25 (Reuters) - Early attempts to resolve a wage dispute between the South African government and public-sector trade unions have failed and the dispute will now move to arbitration, according to the bargaining chamber where such wage disputes are heard.

Euro zone bond yields steady; focus remains on recovery fund

LONDON — Euro zone bond yields were steady on Monday, as the market overlooked a paper from Austria, Sweden, Denmark and the Netherlands opposing the EU’s planned grants-based recovery fund and awaited the European Commission’s own release later this week.

Will Social Security Beneficiaries Qualify for a Second Stimulus Check?

Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?

Fractional Shares: Why It’s in the News

Have $5? Then you could start building wealth today.