Shares, oil prices sink after Trump tests positive for virus
Washington: US stock futures and Asian shares fell Friday after President Donald Trump said he and first lady Melania Trump had tested positive for the new coronavirus.
The future contracts for both the S&P 500 and the Dow industrials lost 1.9 per cent. Oil prices also slipped.
Trump tweeted news of his test results just hours after the White House announced that senior aide Hope Hicks had come down with the virus after travelling with the president several times this week.
To say this potentially could be a big deal is an understatement, Rabobank said in a commentary. Anyway, everything now takes a backseat to the latest incredible twist in this US election campaign.
Trading in Asia was thin, with markets in Shanghai and Hong Kong closed. The Nikkei 225 index shed strong early gains, losing 0.8 per cent to 22,999.75 after the Tokyo Stock Exchange resumed trading following an all day outage due to a technical failure.
Reports that the Japanese government is preparing new stimulus measures to help the economy recover from a prolonged downturn worsened by the coronavirus pandemic provided only a temporary lift. Prices fell further after Trump's announcement.
Australia's benchmark S&P/ASX 200 slipped 1 per cent to 5,815.90. Shares in Singapore, Thailand and Indonesia also fell.
On Thursday, the benchmark S&P 500 ended the day 0.5 per cent higher, at 3,380.80, the Dow Jones Industrial Average rose 0.1 per cent to 27,816.90 and the Nasdaq composite rose 1.4 per cent to 11,326.51, as big tech-oriented stocks propped up the market, much as they have through the pandemic.
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Student accuses company of duping her with part-time job offer; Kadri Police file case
Mangaluru: Kadri Police have filed a case against Vexon Company of Kudroli in the city for allegedly duping students with an offer of part-time employment.
The complainant, learned to be a student, has cited the names of Vexon Company founder Digvijay Desai, co-founders Ramachandra Shevale, Sunil Savanth and Anan Ahair, Mangaluru unit staff members Pallavi, Anjali, Navya, Nivish, Jayashri and Junaid. She has accused these people of having given false information to students and other job aspirants to gain their trust and then duping them.
In January, the complainant reportedly received a call from Navya, who offered a part-time job from 2 pm to 5 pm, for a pay of Rs 15,000 to Rs 30,000 a month. Navya also said that the applicant would have to pay Rs 2,500 for the software, data entry and residence and food that would be provided during training.
Finding the offer agreeable, the student paid the said amount and joined the company as a trainee, reportedly along with other job aspirants. She was told to ensure business with client companies, purchase of things worth Rs 51,000 from other companies and get more employees for the company. She was assured of a commission if she turned successful in the work.
The complainant is said to have told the police that a man identified as Nivesh paid her Rs 51,000 through Google Pay, but the items handed to her by the company were substandard. In addition, while initially she was told the work would be on software and data entry, she was later not only brainwashed to act as they demanded but also harassed mentally by forcing her to get others to join the company. She was also forced to sign on the records of the company, the complainant has told the police.
