Vietnam, Malaysia and the Philippines saw PMIs rebound from April, though the indices all remained below the 50-mark threshold that separates contraction from expansion. The coronavirus-led lockdown has led to a sharp deterioration in business conditions during May. "Employment in the sector continued to contract, but the pace of job shedding did slow appreciably from April", he added. [Full Article...]
Treasurer Josh Frydenberg declared today he did not need to wait until the June quarter to admit the obvious. Frydengberg said the answer was clear. Wednesday's data from the Australian Bureau of Statistics showed the economy contracted by 0.3 percent in the first quarter ended March compared with the last three months of 2019, the first decline in nine years. [Full Article...]
Russian Federation and Saudi Arabia are inching closer to a deal which will keep production low as much of the world slowly emerges from lockdown. Oil prices have rallied from historic lows since the Organization of Petroleum Exporting Countries and partners put an end to a vicious price war by implementing cuts on a record scale. [Full Article...]
The suit said Google also violated a California law that requires consent of all parties to read or learn the contents of private communication. While users may view private browsing as a safe haven from watchful eyes, computer security researchers have long raised concern that Google and rivals might augment user profiles by tracking people's identities across different browsing modes, combin... [Full Article...]
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and USA states begin to reopen after coronavirus lockdowns. [Full Article...]
Beacon's investors include executives from Uber , Google and Amazon, according to its site. They were joined by chief technology officer Pierre Martin, who previously worked at Amazon. The company was founded by former Uber executives Fraser Robinson and Dmitri Izmailov, and if successful, will be able to simplify a heavily fragmented industry. [Full Article...]
Japan's Nikkei rose 1.2% to its highest since late February and markets in Seoul, Taipei, Hong Kong and China [.SS] also gained as the Chinese central bank there provided another shot of stimulus. Meanwhile, the S&P 500 climbed about 0.3% after gaining 4.5% in May and 12.6% the month before. Among Indian ADR, ICICI Bank rose 2.53% to $8.92, HDFC Bank rose 1.63% to $42.51, Wipro added 0.91% to $3... [Full Article...]
Moody's Investors Service downgraded India's credit rating to a notch above junk on Monday, citing a prolonged period of slow growth in Asia's third-largest economy, rising debt and persistent stress in parts of the financial system. Factor market reforms, including more flexible labor laws, are also being pursued by some states with support from the central government. Consequently, Moody's has d... [Full Article...]
Vietnam, Malaysia and the Philippines saw PMIs rebound from April, though the indices all remained below the 50-mark threshold that separates contraction from expansion. The coronavirus-led lockdown has led to a sharp deterioration in business conditions during May. "Employment in the sector continued to contract, but the pace of job shedding did slow appreciably from April", he added. [Full Article...]
Treasurer Josh Frydenberg declared today he did not need to wait until the June quarter to admit the obvious. Frydengberg said the answer was clear. Wednesday's data from the Australian Bureau of Statistics showed the economy contracted by 0.3 percent in the first quarter ended March compared with the last three months of 2019, the first decline in nine years. [Full Article...]
Russian Federation and Saudi Arabia are inching closer to a deal which will keep production low as much of the world slowly emerges from lockdown. Oil prices have rallied from historic lows since the Organization of Petroleum Exporting Countries and partners put an end to a vicious price war by implementing cuts on a record scale. [Full Article...]
The suit said Google also violated a California law that requires consent of all parties to read or learn the contents of private communication. While users may view private browsing as a safe haven from watchful eyes, computer security researchers have long raised concern that Google and rivals might augment user profiles by tracking people's identities across different browsing modes, combin... [Full Article...]
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and USA states begin to reopen after coronavirus lockdowns. [Full Article...]
Beacon's investors include executives from Uber , Google and Amazon, according to its site. They were joined by chief technology officer Pierre Martin, who previously worked at Amazon. The company was founded by former Uber executives Fraser Robinson and Dmitri Izmailov, and if successful, will be able to simplify a heavily fragmented industry. [Full Article...]
Japan's Nikkei rose 1.2% to its highest since late February and markets in Seoul, Taipei, Hong Kong and China [.SS] also gained as the Chinese central bank there provided another shot of stimulus. Meanwhile, the S&P 500 climbed about 0.3% after gaining 4.5% in May and 12.6% the month before. Among Indian ADR, ICICI Bank rose 2.53% to $8.92, HDFC Bank rose 1.63% to $42.51, Wipro added 0.91% to $3... [Full Article...]
Moody's Investors Service downgraded India's credit rating to a notch above junk on Monday, citing a prolonged period of slow growth in Asia's third-largest economy, rising debt and persistent stress in parts of the financial system. Factor market reforms, including more flexible labor laws, are also being pursued by some states with support from the central government. Consequently, Moody's has d... [Full Article...]