MAËLYS, the leading prestige body care brand best known for its unparalleled approach to clinically-proven body care solutions, announces its arrival at one of Canada's most trusted beauty retailers, Shoppers Drug Mart. The brand is rolling out nationwide, both in stores and online at shoppersdrugmart.ca. This announcement marks an important milestone in the brand's retail expansion plans and will further complement MAËLYS' rapidly growing DTC channel. The expansion follows a very successful nat
Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. The deal, months in the making and still subject to board approvals, will see Renault reduce its stake in Nissan to 15% from around 43%. For Nissan, the advantages are clear: the Japanese carmaker gets much freer rein to do what it wants, and it is no longer in an alliance of unequal partners as capital ownership is rebalanced.
NEXE Innovations Inc. ("NEXE" or the "Company") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended November 30, 2022 ("Q2 2023").
NEW DELHI (Reuters) -Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks which was sparked by a U.S. short seller's report. Seven listed companies belonging to the Adani conglomerate, which is led by Asia's richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens. Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures.
More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less than 1% the size of its U.S. counterpart. "It was a bit of a shock to everyone, I think," said Roger Douglas, the Labour Party finance minister at the time who worked with the Treasury and Reserve Bank of New Zealand (RBNZ) to pioneer the policy. Like that, inflation targeting was born.
AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value. The new reorganisation brings the total amount of job cuts announced by new Chief Executive Roy Jakobs in recent months to 10,000, or around 13% of Philips' current workforce. Philips shares traded up 5.5% at 0855 GMT, helped by fourth-quarter earnings which were much better than expected.
TOKYO (AP) — Asian shares mostly fell in muted trading Tuesday as investors awaited decisions on interest rates and earnings reports from around the world. Traders were awaiting the U.S. Federal Reserve’s decision on interest rates, expected on Wednesday. They are also watching for indicators on the Chinese economy, the region’s key engine for growth. Japan's benchmark Nikkei 225 inched down 0.1% to 27,391.88. Australia's S&P/ASX 200 edged up nearly 0.1% to 7,487.10. South Korea's Kospi declined
IM Cannabis Corp. (the "Company" or "IMC") (NASDAQ: IMCC) (CSE: IMCC), an international medical cannabis company, is pleased to announce that it has closed a third tranche of its previously announced non-brokered private placement offering of units of the Company (each a "Unit") pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "LIFE Offering"). An aggregate of 1,162,000 Units at a price of US$1.25 per Unit for aggregate gr
Cardinal Ethanol, LLC (Cardinal) and Vault 44.01 Ltd. (Vault) announced today that, through their affiliate companies, they have formed a joint venture to design, implement, and operate a carbon dioxide (CO2) capture and sequestration (CCS) project at Cardinal's ethanol production facility near Union City, Indiana. The joint venture is structured with each party controlling an equal interest in a newly formed limited partnership named One Carbon Partnership, LP.
TOKYO (AP) — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese automaker is run. It will transfer shares equivalent to a 28.4% stake to a French trust so each side will hold the same 15% stake in the other, according to the companies. The disparity betwee
Wall Street's downbeat start to an action-packed week has set a bumpy course for Asian markets on Tuesday. U.S. stocks appeared to take a breather near the end of a month of solid gains, dipping into red as market participants gird their loins for multiple central bank policy decisions and a spate of high profile megacap earnings, with the Labor Department's hotly anticipated January employment report due on Friday. The Federal Reserve convenes its two-day monetary policy meeting on Tuesday, which is expected to culminate on Wednesday with a bite-sized 25 basis point hike to the Fed funds target rate.
TORONTO — New guidance for drinking alcohol could speed up changing consumer drinking habits as younger generations drink less and non-alcoholic beverages become more popular, advocates and business owners in the beverage industry say. A report released earlier this month by the Canadian Centre on Substance Use and Addiction, funded by Health Canada, stirred widespread attention with guidance that consuming more than two drinks per week constituted a moderate health risk due to evidence linking
BANGKOK (AP) — Myanmar’s economy grew 3% last year and will likely achieve the same pace in 2023, but still lags far behind where it stood before the army seized power in early 2021, the World Bank said in a report released Monday. The global development agency estimates Myanmar’s level of economic activity is still more than 10% below where it stood before the pandemic and the military takeover. On a per capita basis it is even further behind, it says. If the global economy slows further as exp
The European Central Bank looks set on Thursday to deliver another large interest rate rise to curb inflation. ECB President Christine Lagarde, speaking in Davos recently, stressed the need for monetary policy to "stay the course." "ECB policymakers think they have to kill inflation and will only stop hiking when they a see a big improvement in the inflation outlook," said Carsten Brzeski, global head of macro at ING.
BRUSSELS (Reuters) -Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday. The European Commission's Economic Sentiment Index (ESI) rose to 99.9 this month, above an upwardly revised 97.1 in December -- the highest value of the index since June 2022. The rising optimism underlines expectations that an expected economic downturn in the 20 countries sharing the euro, if there is one at all, is likely to be shallow, despite the energy price and cost of living crises and the war in Ukraine.
NEW DELHI (Reuters) -State-run Life Insurance Corporation (LIC), India's largest insurer, is reviewing Adani Group's response to scathing criticism by a U.S. short-seller and will hold talks with the group's management within days to seek clarifications. LIC has invested more than $4 billion in the group, which has lost about $66 billion since Hindenburg Research flagged concerns early last week about the business house's debt levels and the use of tax havens. Adani, founded by Asia's richest person, Gautam Adani, says it complies with all local laws and has made the necessary regulatory disclosures.
Outdoor Fitness officially arrives in Ontario! Outdoor Fitness was born from a franchise company already established in Quebec, known as Cardio Plein Air. In Quebec, it has 50 franchises and operates in over 160 parks. The mission is to provide access to all-season outdoor activities to ensure well-being while promoting physical activity.
Couche-Tard (TSX:ATD) stock could be in for more gains after delivering exceptional performance through 2022. The post Couche-Tard Stock: Will the Upswing Continue for This Hot 2022 Gainer? appeared first on The Motley Fool Canada.
Bed Bath & Beyond Inc is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the matter said on Monday. The timing of any bankruptcy filing was in flux Monday evening, with the U.S. home goods retailer's advisers locked in meetings exploring any remaining options to avoid it, another person familiar with the matter said. Bed Bath & Beyond is negotiating a loan to help it navigate bankruptcy proceedings, with investment firm Sixth Street in talks to provide some funding, two of the people said.
Clarity from Pfizer Inc this week on whether China's relaxation of its Zero-COVID policy and the surge in infections there will lead to a spike in demand for its antiviral Paxlovid could spur analysts to alter their 2023 sales forecasts for the treatment. China was an insignificant market for Paxlovid before the strict infection-control policy was lifted, but Pfizer Chief Executive Albert Bourla said the company has since distributed millions of Paxlovid treatment courses there through a deal with China's Meheco. Talks between Pfizer and China's government health insurer bogged down over price, and the drug is only covered by China's broad healthcare insurance plan until late March.