The eruption started on September 19. Experts say it could last up to three months.
Doseology Sciences Inc. (CSE: MOOD) ("Doseology" or the "Company"), a British Columbia-based diversified life sciences company developing mushroom-based health and wellness solutions, announces the appointment of Peter Geh as Chief Financial Officer, effective January 26, 2022, and the addition of Harbir Toor as Director and Independent Audit Chair, effective January 27, 2022.
STOCKHOLM (Reuters) -Swedish fashion group H&M drew a line under the pandemic on Friday, reporting a bigger than expected jump in quarterly profit and hiking investments with the aim of doubling sales by 2030. Shares in the world's second-biggest clothing retailer leapt 5% in early trade after it said it would double investments in 2022 to around 10 billion Swedish crowns ($1.1 billion) to help achieve its new target. Spending will focus on areas including technology, the supply chain, renewable energy and sustainable materials, it said.
ZURICH (Reuters) -Credit Suisse is boosting cash payouts for senior bankers, it told employees on Friday, as it tries to retain top performers after a year of scandals saw its shares lose more than a quarter of their value. The bank, which has been hit by a string of scandals and losses, is increasing the cash portion of short term bonuses senior staff receive and reducing the amount they get in shares that vest after one year, according to a memo seen by Reuters. On Thursday, Deutsche Bank said compensation at its investment bank rose 30% in the fourth quarter of last year.
MADRID (Reuters) -Spain's Banco Sabadell expects to hit its 6% profitability target a year early, it said on Thursday after posting better than forecast quarterly and annual profit on the back of cost savings and a rise in mortgage lending. Lower impairments for last year as it recovered from the COVID-19 pandemic helped the bank to a 530 million euro ($598 million) net profit for 2021, above the 2 million euros in 2020 and the 403 million euros expected by analysts polled by Reuters. This allowed Sabadell to close the year with a 5% return on tangible equity (ROTE), up from 0.02% in 2020.
Stephen Bullock eight months ago gave up on the idea of buying raw materials and parts only shortly before they were needed on his assembly line. Instead, he told his purchasing manager to "just buy everything you can," and they could store the excess, said Bullock, chief executive of Power Curbers Companies, a maker of heavy equipment used to build concrete sidewalks and other infrastructure projects. Roughly two years into a pandemic that has snarled supply chains across the globe, U.S. companies are scrambling not just to produce enough to feed current demand - but to also refill inventory shelves.
MILAN (Reuters) -UniCredit will continue to study potential mergers and acquisitions after deciding against a Russian deal due to geopolitical risks but won't stray from plans to return billions in capital to shareholders, Chief Executive Andrea Orcel said. Orcel, the former investment banking chief at Swiss lender UBS who joined UniCredit in April, is betting on bold capital distribution targets to lift the bank's market value. UniCredit trades at a discount to rivals, making it harder to use its shares as currency in a merger, though they have outperformed since Orcel pledged to generate over 16 billion euros in capital by 2024 and return it to shareholders.
Shimao, which defaulted on a trust loan earlier this month, said it will sell an entity whose principal asset is the Hyatt on the Bund hotel to the Shanghai Land Group. The move comes on the same day Agile Group, another embattled Chinese property firm, sold stakes in several units worth nearly 2 billion yuan to state-owned China Overseas Land & Investment and China Conch Venture. Regulatory curbs on borrowing have driven China's property firms into a debt crisis, with sector bellwether China Evergrande grappling with $300 billion in liabilities.
The Canadian dollar fell against its broadly stronger U.S. counterpart on Wednesday as the Bank of Canada surprised some investors by leaving interest rates on hold, offsetting support for the currency from higher oil prices. The Bank of Canada will soon start hiking interest rates from record lows to combat inflation, Governor Tiff Macklem said, after the central bank left its policy rate at a record low of 0.25%. "The disappointment from the Bank of Canada will quickly fade while the tailwind from oil is significantly growing," said Adam Button, chief currency analyst at ForexLive.
The mood has shifted dramatically a year since a spectacular rally in shares of GameStop captivated Wall Street, launching a mania for so-called meme stocks and putting the spotlight on retail investors as a force to be reckoned with in markets. GameStop shares have tumbled from their peak, though they are far above levels touched before the meme stock craze. Other stocks popular with retail investors, including AMC Entertainment Holdings, have followed a similar path.
MILAN (Reuters) -UniCredit will continue to study potential mergers and acquisitions after deciding against a Russian deal due to geopolitical risks but won't stray from plans to return billions in capital to shareholders, Chief Executive Andrea Orcel said. Orcel, the former investment banking chief at Swiss lender UBS who joined UniCredit in April, is betting on bold capital distribution targets to lift the bank's market value. UniCredit trades at a discount to rivals, making it harder to use its shares as currency in a merger, though they have outperformed since Orcel pledged to generate over 16 billion euros in capital by 2024 and return it to shareholders.
(Reuters) -Japan's SoftBank Group Corp on Friday said its chief operating officer, Marcelo Claure, is leaving the technology investor, in the latest blow after a string of high-profile departures. The exit comes after a fallout with founder and Chief Executive Masayoshi Son over his pay, a person familiar with the matter said, requesting anonymity as the matter is confidential. Claure's deputy, Michel Combes - a French former telecoms executive - has been appointed chief executive of SoftBank Group International, SoftBank said.
WASHINGTON (Reuters) -The U.S. Chamber of Commerce on Thursday sent an unprecedented letter to lawmakers raising concerns about Sarah Bloom Raskin, President Joe Biden's nominee as the Federal Reserve's vice chair for supervision, and her calls for federal regulators to transition financing away from the fossil fuel industry. The U.S. industry lobby group urged leaders of the Senate Banking Committee to question Raskin about those statements and her criticism of the Fed for allowing oil and gas companies to access emergency pandemic funds, among other issues. Tom Quaadman, executive vice president of the Chamber's Center for Capital Markets Competitiveness, said the trade group had never before sent a public letter questioning a Fed nominee, but noted the group had stopped short of opposing her nomination outright, at least for now.
WASHINGTON (AP) — President Joe Biden on Wednesday secured the blessing of several business leaders on his economic agenda that has stalled in the Senate, part of an effort to restart some momentum for the nearly $2 trillion in spending and tax increases that he's proposed. Biden met at the White House with top executives from General Motors, Ford, Microsoft, Etsy, Salesforce and other companies. The president emphasized the benefits from spending more on climate issues, manufacturing and child
HONG KONG (Reuters) -China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs. Regulatory curbs on borrowing have driven China's property sector into crisis, highlighted by Evergrande, the world's most indebted property firm. The contagion has engulfed other Chinese developers, roiled global financial markets in the past year and contributed to a slump in China's property market, which accounts for a quarter of its economy.
STOCKHOLM (Reuters) -Electrolux said on Friday global supply chain issues would persist after posting a drop in quarterly profit, while expecting demand in 2022 above pre-pandemic levels. Electrolux said the issues would continue to impact the industry's ability to fully meet demand, while it expected prices to offset strong cost inflation in 2022, mainly in raw materials, electronic components and logistics.
The Bank of Canada's decision to delay a rate hike for five more weeks will add fuel to Canada's scorching housing market as buyers scramble to clinch deals before borrowing costs rise, realtors said. The Bank of Canada held its overnight rate at a record low 0.25% on Wednesday, but warned multiple increases would be coming soon. "Any hint of interest rate increases, any hint that it's about to go up, makes people nervous," said Lisa Bednarski, a Toronto real estate agent.
Today, on the 70th birthday of its founding patron Navaratnam Srinarayanathas, the multi-generational Srinarayanathas Foundation announces a significant commitment of $2MM+ to support underrepresented communities in Canada starting with a commitment of $300,000 over three years to the Century Initiative.
Orange on Friday named Christel Heydemann its new chief executive, making her the first woman to lead France's biggest telecoms operator amid a revamp of its governance. A former graduate of France's elite engineering school Polytechnique, 47-year-old Heydemann will replace Stephane Richard from April 4 at the helm of the state-controlled group after a court convicted him of complicity of misuse of public funds. Richard, who has led Orange for the past 12 years, denies any wrongdoing.
Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) ("Wishpond" or the "Company"), a provider of marketing-focused online business solutions, is pleased to announce that its Chairman and CEO, Ali Tajskandar, will present at the OTC Small Cap Growth Virtual Investor Conference on February 2, 2022, and will meet with investors at the Whistler Capital Conference on February 18th - 20th, 2022.
These top dividend stocks look attractive right now for RRSP investors. The post RRSP Growth: 2 Top TSX Dividend Stocks to Own for Decades appeared first on The Motley Fool Canada.
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