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Indian Shares Seen Lower On Weak Global Cues
(RTTNews) - Indian shares may open lower on Tuesday, mirroring weak global cues on doubts over a pre-election U.S. stimulus deal. The downside, however, may remain capped by earnings optimism after ACC and Britannia Industries posted encouraging earnings results for the September quarter. Cement manufacturer ACC posted 20 percent year-on-year growth in consolidated net profit for the September quarter, while Britannia Industries' Q2 profit jumped 23 percent. Benchmark indexes Sensex and the Nifty jumped around 1 percent on Monday while the rupee ended flat at 73.36 against the dollar. Asian markets are moving lower this morning after Europe reported record daily coronavirus infections and reports suggested that U.S. Democrat nominee Joe Biden's once-encouraging lead over incumbent Republican Donald Trump has narrowed, raising the risk of a disputed election outcome. The dollar rose against the yen, gold inched lower and oil extended losses for the fourth day ahead of the deadline to reach an agreement on a new U.S. coronavirus stimulus. U.S. stocks hit their lowest levels in almost two weeks overnight, as a deal on more stimulus remained elusive and Fed officials warned that lack of help from Congress will threaten recovery. The Dow Jones Industrial Average dropped 1.4 percent,
French police target Islamist networks after teacher's beheading
PARIS (AFP) - French police have conducted a series of raids targeting Islamist networks, three days after the beheading of a history teacher who had shown his pupils a cartoon of the Prophet Mohammed. Interior Minister Gerald Darmanin vowed there would be "not a minute's respite for enemies of the Republic", after tens of thousands took part in rallies countrywide on Sunday (Oct 20) to honour teacher Samuel Paty and defend freedom of expression. A silent rally was planned Tuesday evening, as well as a ceremony Wednesday at the Sorbonne attended by President Emmanuel Macron. Fifteen people have been detained so far, including four pupils who may have helped the killer - an 18-year-old of Chechen origin who was killed by police - to identify the teacher in return for payment. Law enforcement carried out 40 raids on Monday, mostly around Paris, with many more planned. "We want to harass and destabilise this movement in a very determined way," one ministry source said. Darmanin said the government would also tighten its grip on institutions and charities with suspected links to Islamist networks. Free speech debate Paty, 47, was attacked on
Indonesia Stock Market Called Lower On Tuesday
(RTTNews) - The Indonesia stock market on Monday snapped the two-day slide in which it had fallen almost 75 points or 1.5 percent. The Jakarta Composite Index now sits just above the 5,125-point plateau although it figures to see renewed selling pressure again on Tuesday. The global forecast for the Asian markets is soft on doubts for stimulus to combat the rising number of coronavirus cases. The European and U.S. markets were down and the Asian bourses are expected to follow suit. The JCI finished modestly higher on Monday following gains from the financial shares and resource stocks. For the day, the index gained 22.92 points or 0.45 percent to finish at 5,126.33 after trading between 5,090.78 and 5,128.65. Among the actives, Bank Danamon Indonesia advanced 0.83 percent, while Bank Mandiri rallied 2.24 percent, Bank CIMB Niaga climbed 1.32 percent, Bank Negara Indonesia perked 1.66 percent, Bank Rakyat Indonesia collected 0.92 percent, Bank Central Asia spiked 2.43 percent, Astra International was up 1.42 percent, Indosat gained 0.98 percent, Indocement added 0.85 percent, Indofood Suskes gathered 1.06 percent, Astra Agro Lestari skidded 1.14 percent, Aneka Tambang skyrocketed 12.23 percent, Vale Indonesia soared 4.04 percent, Timah surged 6.83 percent and Bukit Asam,
Tasting menus gaining popularity at NYC eateries amid COVID-19
Tasting menus are having a moment that’s being aided by the pandemic. Once the domain of the most exclusive restaurants, elaborate preset courses have been going mainstream for a few years now. But the trend appears to be gaining speed as struggling restaurateurs look for more cost-effective ways to please customers who want to find experiences that will make dining out during a pandemic worth their while. At the high end of this trend is Per Se, which rose to fame on its pricy tasting menu when it burst on the scene in 2004. Despite charging its prepandemic price of $355 per person in the midst of an economic downturn, the Columbus Circle restaurant was packed on its Oct. 15 reopening, according to chef and owner Thomas Keller. And reservations are “pretty full” through November, he said. “People want to experience life like it was before COVID. We are all searching for that restorative nature,” said Keller, who served 76 diners on opening night in a room that seats 40 people at 25 percent capacity. “It is wonderful to see people celebrating life and for us to be able to bring back staff and support the farmers and fishermen —
'For heaven rest us, we're not Asbestos': Canadian town chooses new name
TORONTO (REUTERS) - Residents of the town of Asbestos in the Canadian province of Quebec have voted to rename their community in a move to distance it from the once-ubiquitous mineral now recognised as being extremely poisonous and linked to lung and other cancers. The town, formerly home to one of the world's largest asbestos mines, voted 51.5 per cent in favour of changing its name to Val-des-Sources over five other options, according to results announced on Monday (Oct 19) from a four-day referendum. "It's a name that represents our area, and especially, it's inspiring for the future," the town's mayor, Hugues Grimard, said on Monday. The new name, which means Valley of the Sources in English, refers to the community's location at the confluence of three lakes and represents "the fusion of our history and our roots,"according to the town's description. Residents of Asbestos, 150km east of Montreal and home to about 7,000 people, concluded the balloting on Sunday, with anyone over the age of 14 allowed to vote, the town said. The town council approved the name on Monday night, although the change has several bureaucratic hoops to jump through.
