Among blue chips, index heavyweight Tencent (700 HK) rose 1% to HK$417.20, while Alibaba (9988 HK) slid 0.8% to HK$199. China Overseas Land & Investment (688 HK) jumped 3.5% to HK$27.90; Citic Pacific (267 HK) rose 2.7% to HK$7.98; and Mengniu Dairy (2319 HK), went up 2.5% to HK$28.70.

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Investor sentiment around the world was brightened by Gilead Sciences Inc.'s announcement that preliminary results of a coronavirus drug trial showed at least 50% of patients treated with a five-day dosage of remdesivir improved and more than half were discharged from the hospital within two weeks. Later Wednesday, White House health advisor Dr. Anthony Fauci said NIAID's remdesivir drug trial, which enrolled about 800 patients, showed quite good news and that the drug would set a new standard of care for Covid-19 patients. Globally, the coronavirus pandemic has infected more than 3.1 million and taken at least 226,771 lives, according to data compiled by John Hopkins University.

Local shares fell in early trade on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.

A ramping up of tensions between the White House and China over the origins and handling of the coronavirus pandemic weighed on markets around the world. The U.S. President Donald Trump said on Sunday that he believed that a mistake in China was the cause of the spreading coronavirus pandemic, though he did not present any evidence for the claim.

U.S. stocks eked out a second consecutive day of gains as investors weighed a cloudy picture of the economy against U.S. businesses starting to slowly reopen after a period of stultifying coronavirus lockdowns.

Banks stocks were lower. National Australia Bank ended the day 2.3% lower Westpac and ANZ both declined about 1.5% while Commonwealth Bank dropped 0.8%.

The latest survey from the Australian Industry Group revealed that the services sector in Australia continued to contract in April, and at a steeper pace, with a Performance of Services Index score of 27.1. That's down from 38.7 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Receives bids for 61.98 lakh shares

Receives bids for 88.17 lakh shares

Receives bids for 225.69 crore shares

Receives bids for 1.12 crore shares

Receives bids for 1.12 crore shares

Receives bids for 100.44 crore shares

Gets bids for 24.08 lakh shares by 17:00 IST on 9 March 2020

The company is looking to dilute equity stake to strategic partners

At 71.3125/3150 per dollar

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.

Reserve Bank will review the timeline and amount, depending upon market conditions

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In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.

Outside of New York, New Jersey is the state that has been hit hardest by the pandemic. WSJ visited a recent emergency food distribution event in Newark to speak with New Jerseyans about food insecurity during the pandemic.

North Korea says leader Kim Jong Un sent a letter to Russian President Vladimir Putin to congratulate him on the 75th anniversary of the allied victory in World War II and wishing Russia success in fighting its coronavirus outbreak. The report by Pyongyang's official Korean Central News Agency on Saturday came a day after it reported Kim sent a personal message to Chinese President Xi Jinping to praise what he described as China's success in getting its COVID-19 epidemic under control. Some experts say the North could intensify its diplomatic outreach to neighbors, particularly China, as it seeks economic help after closing its border for months to fend off the virus. KCNA says Kim's message sincerely wished the president and people of Russia sure victory in their struggle to build a powerful Russia by carrying forward the tradition of the great victory in the war and to prevent the spread of the novel coronavirus infection.

Egypt's President Abdel-Fattah el-Sissi on Saturday approved amendments to the country's state of emergency that grant him and security agencies additional powers, which the government says are needed to combat the coronavirus outbreak. An international rights group condemned the amendments, saying the government has used the global pandemic to expand, not reform, Egypt's abusive Emergency Law. The new amendments allow the president to to take measures to contain the virus, such as suspending classes at schools and universities and quarantining those returning from abroad. But they also include expanded powers to ban public and private meetings, protests, celebrations and other forms of assembly. The government has waged an unprecedented crackdown on dissent since 2013, when el-Sissi rose to power, and unauthorized protests have been banned for years. The amendments also allow military prosecutors to investigate incidents when army officers are tasked with law enforcement or when the .

Extending his greetings to Russian President Vladimir Putin on the 75th anniversary of the Victory Day, Prime Minister Narendra Modi said on Saturday that India stands with Russia in the solemn remembrance day. In a tweet, Modi also noted that tens of thousands of Indian soldiers also made the sacrifice in the second World War. "India stands with Russia in solemn remembrance today, on the 75th Anniversary of Victory Day. Tens of thousands of Indian soldiers also made the supreme sacrifice in the Second World War. My warm greetings to President Putin and the Russian people on this occasion," Modi tweeted. In Moscow, Putin marked Victory Day, the anniversary of the defeat of Nazi Germany in World War II, in a ceremony shorn of its usual military parade and pomp because of the coronavirus pandemic.

The West Bengal government on Saturday said it had brought back around 6,000 residents stranded outside the state and ensured safe return of people of other states stuck here due to the lockdown, virtually refuting the claims of non-cooperation made by Union Home Minister Amit Shah. The state government is doing its best to ensure that migrant labourers -- those stranded in Bengal and also the state's people stuck outside -- return home, West Bengal Home Secretary Alapan Bandopadhyay said. Bandopadhyay said so far around 6,000 people, including migrant labourers, pilgrims and students of Bengal, stranded in other states have come back. "We have also issued 18,000 passes to small trucks so that those stuck in West Bengal can return to their states," he said. He, however, declined to comment on the letter sent by Shah to Chief Minister Mamata Banerjee on the issue of migrant labourers and said it is not his subject to comment on. Shah has said the West Bengal government is not allowing .

The Delhi High Court on Saturday extended the interim bail of 2,177 under-trial prisoners by 45 days to de-congest jails in the wake of the coronavirus pandemic. A bench of Justices Siddharth Mridul and Talwant Singh passed the order in view of a high-power committee's recommendation that it would be dangerous to put the prisoners back in jail as the risk still remains high. The committee, headed by Justice Hima Kohli, on May 5 opined that since there was a paucity of space in jail premises to create sufficient number of isolation wards for the prisoners returning after expiry of their interim bail, the relief should be extended by another 45 days. During the hearing, Delhi government standing counsel Rahul Mehra and advocate Chaitanya Gosain, appearing for the prison authorities, said they have no objection to the extension of bail. "Accordingly, it is ordered that the interim bails for a period of 45 days granted to 2,177 UTPs, in view of the recommendations of HPC...are hereby ...

As the draft agreement is getting ready at the Climate Change Conference in Paris, Darryl D’Monte gives a final round-up on how countries are changing their alliances keeping their own interests in mind, and if it will be possible for a developing nation like India to work towards a low-carbon future.

In this edition we have reports on the recently concluded Paris Climate Change Conference by Darryl D'Monte who was in Paris. We also look at the shocking realities faced by AID patients and their families, how CAG is in trouble in Delhi for auditing three power distributors, will the Sustainable Development Goals of UN achieve what the Millennium Development Goals failed to do and much more.

Incidents of sexual violence against women arouse transient societal awakening and state rhetoric, but beyond that there is little active effort. As schemes for rehabilitation rot in cold storage, Vinita A Shetty throws light on all that can be done to make life easier for survivors.

A spate of arrests and high profile cases may have led to a partial let-up in the feudalism and violence in the politics of northern Kerala, but many are disillusioned as newer forms of evil take root, finds Nileena M S.

In the wake of record-breaking times from runners wearing Nike’s Vaporfly shoes, and new regulations from the sport’s governing body, brands are racing to roll out new shoes ahead of the Tokyo Olympics. Photo: Craig Ruttle/AP Photo

The trend of traditional consumer goods companies buying newer cosmetic brands is only increasing, and skin care specifically is experiencing an exceptionally lucrative boom. But analysts suggest that some of the more recent acquisitions in the beauty industry are the first signs a skin-care bubble may pop.

Diane Tuft shows the front line of climate change, in her new book "The Arctic Melt: Images of a Disappearing Landscape." Diane joins Lunch Break's Tanya Rivero to discuss her disturbingly beautiful images. Photo: Diane Tuft

Hershey Chief Executive Michele Buck said food companies have to be careful about tinkering with beloved brands to make them healthier. She is joined by Wall Street Journal reporter Annie Gasparro. Photo: Gabe Palacio for The Wall Street Journal

Bengal's picture-perfect villages have been home to the hammer-and-sickle for an astounding three decades, but now that the rural idyll is cracking, the Left Front is being forced to confront the sight of the three-petalled symbol of the Trinamool Congress and the sounds of rebel voices rising against its perceptible clout.

Cross-border investments to acquire or lease thousands of hectares of lands are taking place, presumably to take advantage of cheaper input costs in some countries. Darryl D'Monte reports.

In an increasingly market-driven media climate, a network that nurtures value-driven journalism among women has proved to be a lifeline for professionals who believe that there's more to the media than news brands. Charumathi Supraja reports.

The Sunanda episode leaves us with some hard questions, about the attitude of the media to women, about sexism and other hurdles that women face everyday at the workplace, writes Kalpana Sharma.

Most villagers in U.P.'s Hardoi district, except for a miniscule few associated with social or political organizations, were not aware of the passage of the new Employment Guarantee Law last year. Since then, its coming into force in 22 districts of U.P. has not impressed them either. Sandeep Pandey notes why.

The pressure of ill-informed popular sentiment coupled with a retributive judicial system may lead to an award of capital punishment for rapists, as it has in the Delhi 2012 case, but that does very little to address the much larger problem of VAW in all its dimensions. Ammu Joseph explains.

The pressure of ill-informed popular sentiment coupled with a retributive judicial system may lead to an award of capital punishment for rapists, as it has in the Delhi 2012 case, but that does very little to address the much larger problem of VAW in all its dimensions. Ammu Joseph explains.

The States of India account for about 55 per cent of the combined expenditure of the Union and the States, but the Centre now collects two-thirds of the combined tax revenues. Kannan Kasturi details this imbalance.

While the infusion of SSA funds has helped the State make considerable progress on many counts, there is still much to be done, to ensure all the necessary inputs flow to the schools. Himanshu Upadhyaya reports.

One would think that Hindi and Kannada music would never play in Chennai on radio, and Bangalore because of its unique history would surely have Tamil and Telugu songs on air. And Hyderabad must have one Hindi station. Wrong, finds Vaishnavi Vittal. The Great Indian South is one big surprise!

The disaster in Uttarakhand cannot be viewed as a result of isolated factors such as faulty governance or flawed environmental policy. It calls for a more holistic and deeper look at the entire range of issues that are endemic to the mountain region, writes R. Uma Maheshwari

Indian cities have neither the funds required to realise their envisaged progress, nor credible systems to ensure effective utilisation of what they have. Srikanth Viswanathan emphasises the need for accountability and more robust financial management by municipal corporations.

As Bengaluru is proposed to be split up into different municipal corporations, Mathew Idiculla explains why it is important to examine how decisions regarding cities and their boundaries are taken.

Firdaus Ahmed ponders if India’s nuclear weapons are in safer hands or not.