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Sensex, Nifty Little Changed In Early Trade

(RTTNews) – Indian shares were flat to marginally higher on Tuesday, with positive global cues and easing concerns over a possible escalation in India-China border conflict helping underpin investor sentiment.
The benchmark S&P BSE Sensex edged up 40 points, or 0.1 percent, to 36,527 in early trade, while the broader NSE Nifty index was up 3 points at 10,767.
Hindustan Unilever was little changed after it moved for an injunction against Emami’s decision to take legal action for trademark violations. Emami shares gained 0.6 percent.
NBCC (India) declined 2.6 percent as it reported a 41 percent fall in its consolidated net profit for the June quarter.
Bajaj Finance climbed 2.4 percent after announcing it may consider additional accelerated provisioning for Covid-19 in the first quarter of FY21.

Godrej Consumer Products dropped 1 percent. The company said it expects a mid-single-digit, volume-driven sales growth in the April-June quarter of FY21.
Punjab National Bank fell over 1 percent on fund raising reports.

Carnival Cruise Line Revises Delivery Of Its Newest Ship, Mardi Gras

(RTTNews) – Carnival Cruise Line said that it has revised the delivery of its newest ship, Mardi Gras, as well as the transformed Carnival Radiance, due to the COVID-19 pandemic. The company has also revised new itineraries for Carnival Breeze and Carnival Magic that are all part of an updated deployment plan from November 2020 to May 2021.
The company noted that Mardi Gras, the first LNG-powered ship to operate in the Western Hemisphere and featuring the first roller coaster at sea, will now enter into service from Port Canaveral, Fla. on February 6, 2021. Itineraries out of Port Canaveral for departures from November 14, 2020 to January 30, 2021 have been cancelled.
Carnival Radiance’s $200 million dry dock at the Cadiz, Spain shipyard was suspended this spring when the COVID-19 pandemic resulted in a nationwide lockdown.
Carnival said it is now evaluating shipyard options to complete the transformation, but the ship is likely not going to be completed until the spring.
As a result of the delayed arrival of Carnival Radiance, Carnival Breeze will be redeployed from Fort Lauderdale to Port Canaveral and will assume the itineraries for Carnival Radiance from November 8, 2020 to April 24, 2021.

Consequently, guests on 18 Carnival Breeze sailings from Fort Lauderdale scheduled to operate from November 7, 2020 to March 7, 2021 are being notified that their cruises have been cancelled.
Carnival Magic’s transatlantic and European itineraries from March 13, 2021 to May 3, 2021 have been cancelled.
Seven sailings previously scheduled for Carnival Breeze from Fort. Lauderdale from March 13 to April 24, 2021 will move to Miami and those guests will sail on the same itinerary, but on Carnival Magic operating from PortMiami.

CenturyLink Expands Cloud Alliance with Dell and VMware in Asia Pacific

CenturyLink to offer customers in region unmatched hybrid cloud capabilities and flexibility based on Dell and VMware cloud solutions
SINGAPORE, July 7, 2020 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced it has expanded its global cloud alliance with Dell Technologies, Inc.  and VMware, Inc. to offer a hybrid cloud solution designed to help digital businesses in Asia Pacific successfully modernize their application workloads and manage their cloud journey.
According to IDC1 FutureScape: Worldwide Cloud 2020 Predictions – APEJ Implications, by 2021, over 90 percent of enterprises in Asia Pacific Excluding Japan (APEJ) will rely on a mix of on-premises/dedicated private cloud, several public clouds and legacy platforms to meet their infrastructure needs.
This collaboration immediately offers customers the benefits of a fully managed software-defined datacenter (SDDC) solution deployable in more than 2,200 CenturyLink network-connected private and public datacenters globally. This complete SDDC solution with built-in automation enables improved security and new levels of control and scalability across private and public clouds to deliver a consistent customer experience.
Ignatius Wong, director, product management, hybrid cloud & IT solutions at CenturyLink Asia Pacific said: “This cloud alliance brings innovation from today’s leading cloud technology providers for a scalable, secure and high-performance architecture to ensure a seamless transition to the cloud and help businesses looking to leverage a hybrid cloud strategy to meet the demands of a digital reality.”

IDC1 has also emphasized that as cloud services become core to enterprises, the IT environments they operate in grow more complex. Multiple public cloud, private cloud and traditional systems need to be interconnected, integrated and collectively managed. Coupled with the relatively low skills in APEJ to manage cloud implementation across private and public clouds, the situation is forcing enterprises to seek a managed cloud services deployment model to help them effectively run and optimize their on- and off-premises cloud.
Wong added: “Customers adopting a multi and hybrid cloud approach can also use CenturyLink’s Cloud Application Manager to coordinate the delivery of infrastructure, applications and services across the private or public cloud with greater agility, flexibility and control. CenturyLink can deliver an end-to-end solution to help customers achieve their multi and hybrid cloud vision, while also minimizing IT downtime and migration risk.”
Enterprises can also benefit from CenturyLink Cloud Connect solutions, which deliver secure, high-performance, and virtualized networking functionality to leading public and private clouds. This includes the ability to self-provision network connectivity to leading public clouds on demand utilizing CenturyLink’s Cloud Connect Dynamic Connections.
“Cloud technology has brought immense and undeniable benefits to enterprises worldwide,” said David Bate, vice president, cloud, VMware, Asia Pacific Japan. “Through this joint offering that VMware is bringing together with CenturyLink and Dell, our APAC customers will be able to achieve a higher level of flexibility and scalability in their cloud strategy. This is also in line with our aim to help customers build and deploy modern applications from the data center, to the cloud and the edge, and to offer the ability to migrate seamlessly between environments with no constraints.” 
Key Facts:

CenturyLink is a VMware Premier Cloud Provider Partner, as well as a Dell Technologies Global Platinum Partner.
CenturyLink Private Cloud on VMware Cloud Foundation™ is CenturyLink’s managed private cloud service built on VMware Cloud Foundation and enabled by Dell Technologies’ PowerEdge servers.
Additional Resource:
1: IDC FutureScape: Worldwide Cloud 2020 Predictions — APEJ Implications (Doc # AP45762119, January 2020)
Learn more about CenturyLink’s Hybrid Cloud Solutions:
For more detail on Cloud Connect and Cloud Connect Dynamic Connections, visit:
About CenturyLinkCenturyLink (NYSE: CTL) is a technology leader delivering hybrid networking, cloud connectivity, and security solutions to customers around the world. Through its extensive global fiber network, CenturyLink provides secure and reliable services to meet the growing digital demands of businesses and consumers. CenturyLink strives to be the trusted connection to the networked world and is focused on delivering technology that enhances the customer experience. Learn more at
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SOURCE CenturyLink, Inc.

Hong Kong Stock Market Has A Green Light For Tuesday's Trade

(RTTNews) – The Hong Kong stock market has moved higher in two straight sessions, accelerating more than1,200 points or 4.8 percent along the way. The Hang Seng Index now rests beneath the 26,340-point plateau and it’s tipped to open higher again on Tuesday.
The global forecast for the Asian markets is upbeat on continued optimism for economic recovery from the coronavirus pandemic, despite a rebound by the virus. The European and U.S. markets were sharply higher and the Asian bourses also figure to open in the green.
The Hang Seng finished sharply higher on Monday following gains from the financials, properties, casinos and oil and insurance companies.
For the day, the index spiked 966.04 points or 3.81 percent to finish at 26,339.16 after trading between 25,543.15 and 26,453.61.
Among the actives, China Life Insurance skyrocketed 14.36 percent, while AAC Technologies surged 9.84 percent, Country Garden Holdings soared 7.51 percent, CITIC spiked 6.70 percent, WH Group accelerated 6.63 percent, Ping An Insurance rallied 6.23 percent, China Mobile jumped 6.04 percent, China Resources Land climbed 5.86 percent, Industrial and Commercial Bank of China collected 5.49 percent, BOC Hong Kong gathered 4.38 percent, China Mengniu Dairy perked 4.32 percent, AIA Group advanced 3.27 percent, China Petroleum and Chemical (Sinopec) added 3.25 percent, Sands China gained 2.37 percent, CNOOC rose 2.11 percent, CSPC Pharmaceutical increased 2.03 percent, Hong Kong & China Gas was up 1.16 percent, Tencent Holdings lost 0.86 percent, Galaxy Entertainment added 0.46 percent and CLP Holdings was unchanged.

The lead from Wall Street is broadly positive as stocks opened Monday with a strong move to the upside and remained in the green throughout the session, extending last week’s gains.
The Dow jumped 459.67 points or 1.78 percent to finish at 26,2187.03, while the NASDAQ spiked 226.02 points or 2.21 percent to end at 10,433.65 and the S&P 500 climbed 49.71 points or 1.59 percent to close at 3,179.72.
Strength in overseas has carried over to Wall Street, as Chinese shares skyrocketed on the day amid positive commentary on the market from state media. China’s Securities Times said fostering a healthy bull market after the pandemic is now more important to the economy than ever.
Traders also remain generally optimistic about the U.S. economic outlook following last Thursday’s better than expected jobs data. Then on Monday, the Institute for Supply Management reported a substantial turnaround in U.S. service sector activity in June.
Investors also weighed developments on the coronavirus vaccine front following reports that the U.K. is closing in on a $624 million supply deal with Sanofi and GlaxoSmithKline for 60 million doses of a potential vaccine.

Crude oil futures settled slightly lower Monday as traders weighed energy demand prospects and fears of another lockdown amid a surge in new coronavirus cases across the globe. West Texas Intermediate crude oil futures for August ended down $0.02 at $40.63 a barrel.

Australia Performance Of Services Index Slips In June – AiG

(RTTNews) – The services sector in Australia continued to contract in June, and at a slightly faster rate, the latest survey from the Australian Industry Group showed on Tuesday with a seasonally adjusted Performance of Services Index score of 31.5.

That’s down slightly from 31.6 in May and it moves farther beneath the boom-or-bust line of 50…

South Korea Has $2.29 Billion Current Account Surplus

(RTTNews) – South Korea had a current account surplus of $2.29 billion in May, the Bank of Korea said on Tuesday – following the $3.12 billion deficit in April.
The goods account surplus narrowed to $2.50 billion, compared to $5.50 billion in May 2019. The services account deficit fell to $0.48 billion from $0.95 billion in May last year, owing to an improvement in the travel and transport account.
The primary income account surplus narrowed from $1.29 billion a year ago to $0.54 billion in May of this year, in line with a decrease in the income from dividends.

Norbord Provides Update On Q2 Capacity Utilization

TORONTO, July 6, 2020 /CNW/ – Norbord Inc. (TSX: OSB) (NYSE: OSB) today announced an update regarding the second quarter 2020 capacity utilization of its North American oriented strand board (OSB) and European panel mills.
On March 25, in response to the significant market uncertainty from the COVID-19 pandemic, Norbord announced adjustments to its operating configuration to match production with reduced demand for its products.
On May 6, as part of its first quarter 2020 results, Norbord announced that it had reduced its operating mill capacity by approximately 35% for the month of April, but that there were early signs of improvement across various end markets for the Company’s products.
During the balance of the second quarter, market demand improved sufficiently to allow the Company to substantially resume production across its North American and European mills. As a result, in the second quarter of 2020, Norbord’s North American mills produced at approximately 74% of available capacity (excluding the Chambord, Quebec mill), down from 79% in the first quarter of 2020, and its European mills produced at approximately 70% of stated capacity, down from 93% in the first quarter of 2020. The Company’s UK operations were significantly impacted by the government-mandated lockdown of key UK customers during the first half of the second quarter.

Given the uncertainty around the depth and duration of the economic impact of COVID-19, the Company will continue to use the flexible operating strategy employed during the early stage of the pandemic to adjust operating schedules as necessary.
Norbord will release its second quarter 2020 results on August 5, 2020 and does not intend to provide further interim operational updates unless there is a significant change in the Company’s operating strategy.
Norbord Profile
Norbord Inc. is a leading global manufacturer of wood-based panels and the world’s largest producer of oriented strand board. In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $1.9 billion and employs approximately 2,400 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol “OSB”.
This news release contains forward-looking statements, as defined by applicable securities legislation, including statements related to our strategy, projects, plans, future financial or operating performance and other statements that express management’s expectations or estimates of future performance. Often, but not always, forward-looking statements can be identified by the use of words such as “set up,” “on track,” “expect,” “estimate,” “forecast,” “target,” “outlook,” “schedule,” “represent,” “continue,” “intend,” “should,” “would,” “could,” “will,” “can,” “might,” “may,” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Norbord to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Although Norbord believes it has a reasonable basis for making these forward-looking statements, readers are cautioned not to place undue reliance on such forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. These factors include, but are not limited to: (1) developments related to COVID-19 or any other plague, epidemic, pandemic, outbreak of infectious disease or any other public health crisis, including health and safety measures instituted to protect the Company’s employees, government-imposed restrictions or other restrictions that may apply to the Company’s employees and/or operations (including quarantine), the impact on customer demand, supply and distribution and other factors; (2) assumptions in connection with the economic and financial conditions in the US, Europe, Canada and globally; (3) risks inherent to product concentration and cyclicality; (4) effects of competition and product pricing pressures; (5) risks inherent to customer dependence; (6) effects of variations in the price and availability of manufacturing inputs, including continued access to fibre resources at competitive prices and the impact of third-party certification standards; (7) availability of transportation services, including truck and rail services, and port facilities; (8) various events that could disrupt operations, including natural, man-made or catastrophic events and ongoing relations with employees; (9) impact of changes to, or non-compliance with, environmental or other regulations; (10) government restrictions, standards or regulations intended to reduce greenhouse gas emissions; (11) impact of weather and climate change on Norbord’s operations or the operations or demand of its suppliers and customers; (12) impact of any product liability claims in excess of insurance coverage;(13) risks inherent to a capital intensive industry; (14) impact of future outcomes of tax exposures; (15) potential future changes in tax laws, including tax rates; (16) effects of currency exposures and exchange rate fluctuations; (17) future operating costs; (18) availability of financing, bank lines, securitization programs and/or other means of liquidity; (19) impact of future cross-border trade rulings or agreements; (20) implementation of important strategic initiatives and identification, completion and integration of acquisitions; (21) ability to implement new or upgraded information technology infrastructure; (22) impact of information technology service disruptions or failures; and (23) changes in government policy and regulation.
The above list of important factors affecting forward-looking information is not exhaustive. Additional factors are noted elsewhere, and reference should be made to the other risks discussed in filings with Canadian and US securities regulatory authorities. Except as required by applicable law, Norbord does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by, or on behalf of, the Company, whether as a result of new information, future events or otherwise, or to publicly update or revise the above list of factors affecting this information. See the “Forward-Looking Statements” section in the February 4, 2020 Annual Information Form and the cautionary statement contained in the “Forward-Looking Statements” section of the 2019 Management’s Discussion and Analysis dated February 4, 2020 and Q1 2020 Management’s Discussion and Analysis dated May 5, 2020.
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SOURCE Norbord Inc.

Economic Optimism Contributes To Rally On Wall Street

(RTTNews) – After showing a strong move to the upside early in the session, stocks remained firmly positive throughout the trading day on Monday. The major averages extended last week’s upward trend, with the tech-heavy Nasdaq reaching another new record closing high.

While the major averages all posted strong gains, the Nasdaq outperformed its…

UDR Announces Dates for Second Quarter 2020 Earnings Release and Conference Call

UDR, Inc. (NYSE: UDR), announced today that it will release its second quarter 2020 financial results on Tuesday, July 28, 2020 after the market closes. A conference call will be held on Wednesday, July 29, 2020 at 1:00 p.m. Eastern time. The conference call will be open to the public.
During the conference call, company officers will review second quarter results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability.
To participate in the webcast:
The webcast of the Company’s second quarter 2020 conference call will be available on UDR’s website at Please go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 30 days on UDR’s website.
To participate in the telephone conference call:

Domestic: 877-705-6003International: 201-493-6725
Please dial in at least five minutes prior to start time.
Conference Call Playback:
Domestic: 844-512-2921International: 412-317-6671Passcode: 13706590
The playback can be accessed through August 28, 2020.

The full text of the earnings report and supplemental data will be available immediately following the earnings release to the wire services on July 28, 2020 at the UDR website,
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of March 31, 2020, UDR owned or had an ownership position in 51,587 apartment homes including 878 homes under development. For over 47 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. Additional information can be found on the Company’s website at

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