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Business - 2020-06-30
TSX set for best quarter since 2009 on recovery hopes
Stocks

TSX set for best quarter since 2009 on recovery hopes

  • The energy sector dropped 1.7% as US crude prices were down 0.1% a barrel, while Brent crude lost 1.2%.
  • On the TSX, 141 issues were higher, while 78 issues declined for a 1.81-to-1 ratio favouring gainers, with 72.05 million shares traded.
Published 30 Jun, 2020 09:35pm
Indian shares record strongest quarter in 11 years
Stocks

Indian shares record strongest quarter in 11 years

  • The NSE Nifty 50 index settled down 0.1% at 10,302.1 on Tuesday, while the benchmark S&P BSE Sensex slipped 0.13% to 34,915.8
  • The Nifty closed the quarter about up 19.8% and the Sensex 18.5%, registering their best performances since the June quarter of 2009.
Published 30 Jun, 2020 09:08pm
Air France eyeing 6,500 job cuts by 2022
Industry

Air France eyeing 6,500 job cuts by 2022

  • Ground staff are expected to be among the hardest hit by the cost cutting plans.
  • A third source said an additional 1,000 layoffs would affect the Air France group's "HOP!" airline.
Updated 30 Jun, 2020 09:00pm
Apple not dominant in any market, plenty of rivals

Apple not dominant in any market, plenty of rivals

  • We compete with a wide variety of companies, Google, Samsung, Huawei, Vivo, LG, Lenovo and many more.
  • Apple does not have a dominant position in any market, and we face strong competition in every category, in tablets, wearables, desktop and notebook computers, maps, music, payments, messaging, and more.
Published 30 Jun, 2020 08:19pm
Facebook agrees to audit its hate speech controls

Facebook agrees to audit its hate speech controls

  • The move comes as major advertisers such as Unilever and Starbucks have signed on to the "Stop Hate for Profit" campaign started by US civil rights groups.
  • The scope and timing of the audit are still being finalized, Facebook said.
Published 30 Jun, 2020 07:49pm
Arabica coffee extends rebound, sugar also rises
Commodities

Arabica coffee extends rebound, sugar also rises

  • September arabica coffee rose 2.1 cents, or 2.1%, to $1.0220 per lb by 1213 GMT.
  • October raw sugar was up 0.28 cents, or 2.4%, at 12.05 cents per lb.
  • September New York cocoa fell $3, or 0.1%, to $2,235 a tonne.
Published 30 Jun, 2020 06:35pm
Wirecard's former boss faces criminal complaint in Austria
Industry

Wirecard's former boss faces criminal complaint in Austria

  • The lawyer, Joerg Zarbl, told Reuters on Tuesday that Braun took out a 120 million euro ($135 million) loan to buy at least 2.5 million Wirecard shares.
  • German prosecutors are already investigating possible criminal offences in connection with the payments firm.
Published 30 Jun, 2020 06:30pm
Sri Lankan shares end lower, post best quarter in 6 years
Stocks

Sri Lankan shares end lower, post best quarter in 6 years

  • The benchmark CSE All Share Index closed down about 0.1% at 5,149.57.
  • Industrial conglomerate John Keells Holdings Plc and mobile service operator Dialog Axiata PLC were the biggest drags, falling 1.6% and 2.5%, respectively.
Published 30 Jun, 2020 06:26pm
Copper struts to best quarter in a decade as China rebounds
Commodities

Copper struts to best quarter in a decade as China rebounds

  • Benchmark copper on the London Metal Exchange (LME) was up 1.4% at $6,043.50 a tonne in official trading.
  • A close above $6,000 could fuel further buying, but supply and demand fundamentals justify a level around $5,500 and prices will eventually fall.
Published 30 Jun, 2020 06:17pm
Shipping firm CMA CGM to impose emergency surcharge at Cape Town port
Companies

Shipping firm CMA CGM to impose emergency surcharge at Cape Town port

  • From July 1 until further notice, it will impose a surcharge of $550 for 20-foot containers and reefers and a $1,100 surcharge for 40-foot containers and reefers.
  • Port congestion at Cape Town is currently increasing our operational costs and generating severe service disruption for weeks.
Published 30 Jun, 2020 06:09pm
Indus Motor Company appoints Mohamed Ali R. Habib as Chairman
Companies

Indus Motor Company appoints Mohamed Ali R. Habib as Chairman

  • Furthermore, the IMC Board also appointed Muhammad Hyder Habib as Director with effect from June 26, 2020, to fill the casual vacancy in place of Ali S. Habib.
  • The Board also appointed Noriaki Kurokawa as director to fill the casual vacancy in place of Tadao Nasu.
Updated 30 Jun, 2020 03:33pm
PIA cuts domestic fares
Industry

PIA cuts domestic fares

KARACHI: The national flag-carrier, Pakistan International Airlines (PIA), has announced a reduction of fares for...
Updated 30 Jun, 2020 03:36am
IDFC CEO due next week: Razak

IDFC CEO due next week: Razak

ISLAMABAD: Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Monday said that Chief...
Updated 30 Jun, 2020 03:33am