With me on the call today are our chief executive officer, Rajeev Singh; and our chief financial officer, Steve Barnes. Shantanu Nundy, our chief medical officer, will join us for the question-and-answer portion of the call.
These great Canadian dividend stocks look cheap today for an RRSP focused on total returns. The post RRSP Investors: 2 Oversold Dividend Stocks to Buy Now for Total Returns appeared first on The Motley Fool Canada.
Swiss judges are set to rule on Monday whether Credit Suisse failed to prevent money laundering linked to an alleged cocaine trafficking gang in Switzerland's first criminal trial of one of its major banks. Credit Suisse and one of its former employees face charges of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros from 2004 to 2008. The case - which included testimony on murders and cash stuffed into suitcases - centres on relationships that Credit Suisse and its ex-employee had with former Bulgarian wrestler Evelin Banev and multiple associates, two of whom are also charged in the case.
COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted as a result of the Indian Ocean nation's economic collapse. The plan comes as Washington and its allies aim to cut off energy imports from Russia in line with sanctions over its war against Ukraine. Since its invasion in late February, global oil prices have skyrocketed, prompting a number of countries to seek out Russian crude, which is being offered
WASHINGTON (AP) — Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union's second largest export industry after energy — gold. On Tuesday, the Group of Seven nations will formally announce a ban on Russian gold imports in the latest round of sanctions over Russian President Vladimir Putin’s invasion of Ukraine. The U.S. says Russia has used gold to support its currency as a
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday. The government will implement its existing support measures while improving its policy toolbox, Ou Hong, deputy secretary general at the National Development and Reform Commision, told a news conference. New policy support, depending on the circumstances, can be rolled out in a timely manner, he said.
Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the French sports equipment retailer closed its stores on Monday, hampered by supply constraints. Scores of Western brands have left Russia following a backlash against its military incursion into Ukraine, with McDonald's, IKEA and Renault among the more high-profile. One shopper, Lyubov, said Decathlon's departure was "sad", but was adamant that Russian consumers would cope.
TOKYO (AP) — The rickshaw men in Tokyo are adding English-speaking staff, a sure sign Japan is bracing for a return of tourists from abroad. Japan’s border controls to curb the spread of coronavirus infections began gradually loosening earlier this month. That's great news for Yusuke Otomo, owner of Daikichi, a kimono rental shop in Asakusa, an old district of Tokyo famous for its temples, quaint restaurants and rickshaw rides. He can barely contain his excitement. “Those were a hard three years
Lockheed Martin Corp won a $2.3 billion contract to build at least 120 H-60M Black Hawks as the U.S. military continues its search for a next-generation helicopter, the Pentagon said on Monday. The five-year contract includes options for an additional 135 aircraft which will be available to the Army as well as other U.S. agencies and allies, pushing the potential total contract value to $4.4 billion with options, the Army said in a statement. "This multi-year agreement allows the Army to meet current and future capability needs through upgrades, remanufacturing, replacement, and technology insertions," said Colonel Calvin Lane, the Utility Helicopters project manager.
HONG KONG (Reuters) -In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some of the city's top executives are banking on a bright future as the territory remains a crucial springboard for investment into mainland China. Charles Li, former chief executive of bourse operator Hong Kong Exchanges and Clearing (HKEX) and founder of microfinance platform Micro Connect, said that although he believes the next 25 years will be "very different", he's optimistic.
Investors may want to pursue a passive-income strategy in this bear market by snagging dividend stocks like Freehold Royalties Ltd. (TSX:FRU). The post Passive-Income Power: How to Make $105/Week TAX FREE in a Bear Market appeared first on The Motley Fool Canada.
Secure software-defined wide area network (SD-WAN) global demand increases as organizations strive to meet security concerns and improve the employee experience. Frost & Sullivan's recent analysis finds that the global secure SD-WAN solutions market is expected to reach $6.52 billion by 2026 from $1.67 billion in 2021 at a compound annual growth rate (CAGR) of 31.3%.
Hong Kong's financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city's Securities and Futures Commission (SFC) said on Tuesday. Archegos, a U.S.-based family office of investor Bill Hwang which had $36 billion in assets, blew up last year when it was caught short on highly leveraged trades and left global banks with $10 billion in losses. A majority of Hwang's exposure was built via a type of equity derivative traded over the counter, written by his bank counterparties, which helped him to circumvent rules requiring reporting positions to U.S. regulators.
The Russian aviation industry has been in crisis since the West imposed sanctions after Moscow's invasion of Ukraine, banning Russian airlines from flying to destinations in Europe, the United States and other countries. Russian airlines have largely stopped international flights, after leasing companies said they would seize planes in line with sanctions. Moscow has passed a law allowing the seizure of hundreds of jets in response to those sanctions.
WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear Apple Inc's bid to revive an effort to cancel two Qualcomm Inc smartphone patents despite the global settlement of the underlying dispute between the two tech giants. The justices turned away Apple's appeal of a lower court's ruling that the Cupertino, California-based company lacked standing to pursue the matter because of the settlement. Apple had argued that it should be allowed to appeal because San Diego-based Qualcomm could sue again after the settlement ends.
PHOENIX (AP) — The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year — some over wildfire concerns amid dry weather and others because of enduring pandemic-related staffing and supply chain issues. Phoenix canceled its three major Independence Day displays because it couldn't obtain professional-grade fireworks. Shows in several other cities around Phoenix are still on. “Unless you’
Freeland in an interview on Rosemary Barton Live said she has to strike a balance between helping people in Canada suffering from the effects of inflation and pursuing a policy of fiscal restraint, or risk making the cost of living problem worse. When asked about Canada's ability to weather global economic uncertainty, Freeland "maintained an upbeat tone," saying that the "challenge is not over, but I truly believe that we're going to get through this together," according to the report.
Blackline Safety Corp. (TSX:BLN) stock has struggled in the year-over-year period, but there are some positives to glean from its earnings. The post Is Blackline (TSX:BLN) Stock Worth Your Attention in 2022? appeared first on The Motley Fool Canada.
TORONTO — Five things to watch for in the Canadian business world in the coming week: Markets Stock markets have been on a wild ride in recent weeks as they have come off their highs of earlier this year amid higher interest rates, growing inflation and fears of a possible recession. Investors will be watching to see what this week will bring as markets head into what is traditionally the slower summer months. Kinross update Kinross Gold Corp. is expected to hold a virtual review session Tuesday
GARMISCH-PARTENKIRCHEN, Germany (AP) — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin's finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking worldwide. Details haven't been agreed at the Group of Seven summit in Elmau, Germany, but the basic idea would be to tie the price cap to the services that make trading oil possible. For instance, insurers
Prices for spot crude in much of the world are rising on strong demand and a supply crunch, but in the oil futures market, worries of a recession have kept a lid on values. Oil futures could be oversold and ripe for a reversal if global demand keeps running at the current rate of about 100 million barrels per day, closing in on pre-pandemic levels. The physical markets have been further tightened by supply shortages due to sanctions on Russian oil, little spare capacity among big producers and worries of new outages in Libya.
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