Morning News Call – India, May 27

May 27 (Reuters) – To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 4:00 pm: Former Economic Affairs Secretary Subhash Chandra Garg will be present at a webinar on “Geopolitical & Economic Impact of COVID-19″ in New Delhi. PROMOTION LIVECHAT […]

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China Traders Are Buying Hong Kong Stocks Like Never Before

Mainland money is flowing into Hong Kong’s stocks at an unparalleled pace, offering support to a market at the center of rising tensions between Beijing and Washington. Eligible investors, which can range from brokers to insurers or individuals with at least 500,000 yuan ($70,000) in their trading accounts, acquired $35.3 billion of the shares so far this year, the most […]

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America’s Season for Peak Fuel Demand Starts Off With a Whimper

For all the optimism over a recovery in oil demand and prices, the weekend that heralds the U.S. summer driving season proved to be a damp squib. While beaches were open and states across the country emerged from coronavirus-related lockdowns, demand for gasoline ended up falling over the Memorial Day holiday weekend. That may have been because people kept their […]

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Fitness Clubs Facing $10 Billion Revenue Hit as Members Flee

Fitness clubs rocked by Covid-19 closures face a swell of bankruptcies with more than $10 billion of revenue wiped out as clients ditch memberships, according to investment bank Harrison Co. In a Harrison survey of 1,000 fitness club users, more than a third said they have canceled or plan to terminate existing memberships. “There are 38,000 locations throughout the U.S., […]

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U.S. New-Home Sales Post Surprise Gain in Sign of Stability

New-home sales in the U.S. unexpectedly increased in April after swooning a month earlier, suggesting the housing market is starting to stabilize. Purchases of new single-family houses climbed 0.6% from March to a 623,000 annualized pace, government data showed Tuesday. The median forecast in a Bloomberg survey of economists called for a drop to a 480,000 rate of sales. The […]

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CPPIB annual net assets rise even as virus erodes returns

TORONTO (Reuters) – The Canada Pension Plan Investment Board (CPPIB) reported a 4.5% increase in net assets at the end of fiscal 2020 from a year earlier, but the net annual return fell. Canada’s biggest pension plan said steady gains from global active investment programs over the first three quarters of the fiscal year ended March 31 helped its fund […]

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Trump coronavirus travel ban on Brazil to take effect Tuesday

International travelers could pose coronavirus threat to NY, elsewhere Retired Col. David Hunt provides insight into 13 U.S. airports designated to process passengers returning to America from restricted countries during the coronavirus pandemic. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below The Trump administration's temporary travel ban on foreigners from […]

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Latam Air Files Chapter 11 Bankruptcy, Stymied by Lockdowns

Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region. The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta Air […]

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