BA says no evidence global IT outage caused by cyber attack
LONDON, May 27 British Airways said on Saturday there was no evidence that a global breakdown of its IT systems had been caused by a cyber attack.
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 10:00 am: Junior Shipping Minister M.L. Mandaviya at an event in New Delhi. 10:00 am: MNRE Secretary Rajeev Kapoor and REC MD PV Ramesh at Wind energy conference in New Delhi. 2:00 pm: Railways Minister Suresh Prabhu at an event in New Delhi. 5:15 pm: Axis Bank post earnings conference call in Mumbai. LIVECHAT - FX FOCUS with Mark Farrington, Potfolio Manager and Head of Macro Currency Group Global currency pairs continue to brace for severe volatility on a host of upcoming political events. Consensus trades of a strong USD and short EM currencies at the beginning of 2017 haven't exactly followed textbook patterns. We speak to Mark Farrington who is Portfolio Manager at Macro Currency Group, at 12:30 pm. MCG won the currency manager of the year at the European Pensions Awards for 2016 and is nominated in three categories for the Pension Age Awards 2017. To join the conversation, click on the link: here INDIA TOP NEWS • Wipro growth forecast hit by healthcare, weak retail Wipro Ltd, India's third-biggest software services exporter, said cancellations of healthcare projects and weak retail spending in its key U.S. market would hit revenue growth. • Indian farmers should pay tax, adviser says, challenging government A senior adviser to the Indian government proposed on Tuesday that farmers pay tax, in remarks that challenged government policy in a country of 1.3 billion people where there are only 37 million income tax payers. • India's IRB InvIT Fund seeks up to $724 million in IPO India's IRB InvIT Fund is seeking to raise as much as 46.5 billion rupees ($723.6 million) in an initial public offering next week, kicking off the first-ever listing of an infrastructure investment trust in the country. • IDFC Bank Q4 net profit rises on higher interest income India's IDFC Bank Ltd reported a 7 percent rise in fourth-quarter net profit on Tuesday, helped by an increase in interest income and a drop in provisions for bad loans. • Falling demand to curb Indian sugar imports -ISMA Declining sugar sales in India, the world's biggest consumer, has left the country with enough stocks until the next crop, the Indian Sugar Mills Association said on Tuesday, ruling out the need for more imports later in the year. • Japan's Otsuka aims to apply for TB drug approval in India in 90 days Japanese drugmaker Otsuka Pharmaceutical aims to apply for approval of its tuberculosis (TB) drug delamanid in India within three months, a senior company official said, as calls grow for expanded access to the life-saving medicine. • Shapoor Mistry resigns from Indian Hotels board Shapoor Mistry, the elder brother of former Tata Sons Chairman Cyrus Mistry, has resigned as a director of the board of Indian Hotels Co, the company said on Tuesday. GLOBAL TOP NEWS • U.S. moves THAAD to S.Korean site as N.Korea boasts fire power The U.S. military started moving parts of the controversial THAAD anti-missile defence system to a deployment site in South Korea amid high tensions over North Korea's missile and nuclear programmes. • U.S. judge blocks Trump order to restrict funding for 'sanctuary cities' A U.S. judge on Tuesday blocked President Donald Trump's executive order that sought to withhold federal funds from so-called sanctuary cities, dealing another legal blow to the administration's efforts to toughen immigration enforcement. • Trump to meet Australian PM, relations strained over asylum seekers U.S. President Donald Trump will meet with Australian Prime Minister Malcolm Turnbull on May 4 in New York City as the two nations seek to repair a relationship strained by a row over an asylum seeker resettlement deal. LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The Indian rupee is likely to open slightly lower against the dollar, in-line with most Asian currencies, as upbeat new U.S. home sales data and expectations that President Donald Trump will announce tax reforms later today boosted demand for the greenback. • Indian government bonds will likely trade largely unchanged in early session amid a lack of fresh cues on interest rates, even as investors await developments on the Korean peninsula and the upcoming presidential polls in France. The yield on the benchmark 6.97 pct bond maturing in 2026 is likely to trade in a 6.90 pct - 6.96 pct band today. GLOBAL MARKETS • The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. • Asian stocks extended gains for a fifth straight day as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded. • The yen edged lower, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. • U.S. Treasury yields rose on Tuesday in line with gains in stocks as investors awaited President Donald Trump's announcement on tax reform on Wednesday and remained optimistic that the government would avert a shutdown. • Oil prices resumed their downward trend as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. • Gold dipped to a two-week low after a near 1 percent decline in the previous session as increased investor appetite for risk boosted equities and dulled demand for safe-haven assets. CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 64.26/64.29 April 25 $27.83 mln $2.96 mln 10-yr bond yield 7.16 Month-to-date -$208.49 mln $3.99 bln Year-to-date $6.57 bln $9.46 bln For additional data: India govt bond market volumes Stock market reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Local market closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] ($1 = 64.26 Indian rupees) (Compiled by Sai Sharanya Khosla in Bengaluru)
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.