‘Motilal Oswal Focused 25 Fund is well placed to withstand current economic environment’

Siddharth Bothra, Senior VP and Fund Manager, Motilal Oswal Mutual Fund, in a note to investors said that Motilal Oswal Focused 25 Fund is well placed to withstand the test of current economic environment. Bhothra listed various investments and largest holdings to support his claim. Here are the important points: -The largest holding is Avenue […]

Do social distancing better, White House doctor tells Americans. Trump objects

On Sunday he announced that he had ditched that plan after Birx and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, convinced him that projections showed more than 2 million people in the United States could die without further stringent measures.

Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, but details unclear

Russia and Saudi Arabia have been at odds since early March, when they failed to agree on a deal curbing output as the coronavirus spread around the globe. The pandemic has worsened since, freezing economic activity and sending oil prices into a tailspin as producers confronted the prospect of a dramatic fall in demand along […]

India’s coronavirus lockdown hits poor, tests Modi’s support

“Did the prime minister talk to any of the state governments before unilaterally announcing it? No,” said Bhupesh Baghel, the chief minister of opposition-ruled Chhattisgarh state. If given proper notice, he said, Chhattisgarh could have stocked up on essentials and coordinated with neighbouring states.

Crisis haunts British banks in coronavirus relief effort

“The scale of this process and the speed with which it has been put in place has been more than expected. The volume has been absolutely massive, calls went up by 45 times,” Royal Bank of Scotland Chairman Howard Davies said on BBC Radio, adding that the lender had rehired retired staff to help it […]

European insurer shares fall as battle over dividends erupts

IN GOOD SHAPE Italian financial group Unipol Gruppo (UNPI.MI) said on Thursday it was suspending its dividend payment in line with requests from national regulators, while its insurance unit UnipoSAI (US.MI) would pay one despite Italy’s insurance watchdog IVASS calling on companies to be prudent.

Bags packed, Malaysians stream into Singapore ahead of coronavirus travel ban

As the deadline loomed, technician Lenin Prabaagaran was rushing home to pack his bags so he could make it out before the border closed. “I have no choice, or I have to go on no-pay leave,” he added. ($1 = 1.4277 Singapore dollars) (Additional reporting by Fathin Ungku in Singapore Writing by Aradhana Aravindan Editing […]

Coronavirus: Scott Morrison gives national update, Aussie cruise passengers to dock in Florida

“We are seeking an urgent commitment from the Government thatGoodstart can access the Job Keeper payment at the 30 per cent benchmark for our people – only with that commitment can (we) keep our services open for 60,000 families,” Goodstart said in a statement this afternoon.

PlayStation and Moonpig’s UK sales soar amid virus crisis

Revolut’s customers are likely to be younger and slightly more urban than account holders at the traditional big banks. But the data – taken from spending by the digital lender’s 3 million customers from 1-31 March – gives a strong indication of the consumption patterns that have emerged since the pandemic gripped Britain.

US STOCKS-Dow falls 600 points to start second quarter as virus anxiety grows

April 1 (Reuters) – The Dow Jones fell 600 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and the White House issued a dire warning on the U.S. death toll from the coronavirus pandemic.