Shai Gilgeous-Alexander (Oklahoma City Thunder) with a 2-pointer vs the Houston Rockets, 12/01/2021
MONTREAL — WSP Global Inc. is extending its buying streak, as the Montreal-based engineering giant announced its sixth acquisition in 10 weeks. The company said Monday after markets closed it has reached a roughly $975-million deal to purchase RPS, a consulting firm based in the United Kingdom with about $875 million in annual revenue and 5,000 employees worldwide. The 52-year-old outfit focuses on climate change and energy consulting, an area where WSP has recently broadened its footprint. In J
The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected U.S. inflation data the previous day. "Yesterday's data gave hope that inflation has peaked and the Fed will need to raise rates less sharply to keep inflation under control," currency analysts at Commerzbank said in a note. Traders pared bets the Fed would raise rates by 75 basis points for a third straight time at its September policy meeting, and now see a half-point increase as the more likely option.
(Reuters) -Australia's Graincorp raised its annual profit forecast for the second time, as the agribusiness firm capitalises on strong demand for grains and vegetable oils amid a supply crunch from the war in Ukraine, pushing its shares up more than 10%. The profit upgrade on Wednesday was also encouraged by expectations of above-average East Coast Australian (ECA) crop in year 2022/23, combined with a favourable three-month rainfall outlook. Global wheat prices reached record levels in early 2022 as major exporter Ukraine's supplies were essentially cut off due to Russia's invasion, triggering a five-fold jump in Graincorp's first-half profit and allowing it to pay a special dividend.
Large shifts in the composition of the U.S. workforce in the wake of the COVID-19 pandemic have made it harder to measure underlying productivity growth, which some economists put at about 1.0% or less, making the Federal Reserve's fight against inflation more difficult. Unit labor costs - the price of labor per single unit of output - rose at a 10.8% rate.
Episode 161 of Down to Business podcast
Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw materials. Higher material and logistics costs pushed down its operating earnings by 9.4 billion yen, while a chip shortage had a negative impact of about 3 billion yen, the company said. Bain Capital, CVC Capital Partners and Brookfield Asset Management as well as a consortium involving state-backed Japan Investment Corp and private equity firm Japan Industrial Partners have been selected by Toshiba to proceed to a second bidding round.
I'd not be willing to sell CN Rail (TSX:CNR)(NYSE:CNI) and another dividend-growth stock, even if a market crash strikes soon. The post 2 TSX Dividend-Growth Stocks I’d Never Sell appeared first on The Motley Fool Canada.
i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to report its operating and financial results for the three and six months ended June 30, 2022. i-80's Consolidated Financial Statements ("financial statements"), as well as i-80's Management's Discussion and Analysis of Operations and Financial Condition ("MD&A") for the three and six months ended June 30, 2022, are available on the Company's website at www.i80gold.com, on SEDAR at www.sedar.com, and on EDGAR at www.s
The offer price marks a premium of more than 53% to Recipe's last close. Recipe said it had entered into a letter of intent with Fairfax, adding its board would recommend shareholders vote in favor of a takeover once the deal was finalized. Founded in 1883, Vaughan, Canada-based Recipe operates brands such as Kelseys, East Side Mario's and New York Fries.
HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share. The Hamilton-based steelmaker attributed the increase partially to the $260 million in proceeds it received in the quarter from the sale and leaseback of its Hamilton land and buildings, as well as an increase in operating income and lower financing costs. On an adjusted basis, Stelco says it earned $356 million in the second quarter, d
Big Canadian telecom stocks are good sources of dividend income. One offers a high yield. Another provides higher growth. Which is cheapest? The post 3 Big Canadian Telecom Stocks: Which Offers the Best Value? appeared first on The Motley Fool Canada.
Growth in Bangladesh's garment exports could drop to about 15% this year after an unusually strong expansion of more than 30% in 2021, two industry leaders told Reuters on Wednesday, as U.S. and European customers grapple with cost of living pressures. The garment industry accounts for more than 80% of total exports for Bangladesh, which sells to clients such as Walmart, Gap Inc, H&M, VF Corp, Zara and American Eagle Outfitters - some of which have already flagged weak sales as their customers prioritise basics. "We should be at about 15% growth for the calendar year - this is going to be a normal year," said Miran Ali, a vice president at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Latin American financial start-up Nubank said on Tuesday that Brazilian pop singer Anitta has left its board of directors, some 14 months after joining it, and will now become a global brand ambassador for the digital bank. The fintech, backed by investors such as Warren Buffett's Berkshire Hathaway, said that the singer had requested to leave the board due to her schedule. Born in a Rio de Janeiro slum, Anitta has become one of Brazil's best known pop stars.
KYIV, Ukraine (AP) — On a day of give and take, Western nations made more pledges to send arms to Ukraine while the European Union's full ban on Russian coal imports kicked in on Thursday amid claims sanctions against Moscow now even affected its defense exports. Chancellor Olaf Scholz pledged Thursday that Germany “is shipping arms — a great, great many, sweeping and very effective. And we will continue to do so in the coming time.” Germany, seen early in the war as a lackadaisical ally, has al
The dollar fell broadly on Wednesday following a cooler-than-expected U.S. inflation report for July that raised expectations of a less aggressive interest rate hike cycle than previously anticipated from the Federal Reserve. The Australian dollar, seen as a barometer of risk, was up 1.74% at $0.7083.
Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co restored hopes that growth in the streaming business will continue. But Disney, which edged past Netflix as streaming leader by global subscribers last quarter, is the outlier among its media peers. The industry-wide scramble of the last few years to copy Netflix Inc has slowed to a more deliberate pace over the last two weeks, as companies change their tune on the streaming business.
BERLIN (AP) — German Chancellor Olaf Scholz pledged his government won't leave citizens freezing or unable to pay their energy bills but acknowledged Thursday that his country faces considerable challenges in the coming months. Rising fuel costs sparked by Russia's war against Ukraine have put severe financial strain on many in Germany and beyond, raising concerns about a possible winter of discontent. “We will do everything to help citizens get through this difficult time,” Scholz told reporter
Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet Inc unit in 2015. In his first media interview since becoming chief executive of Google Fiber in February 2018, Dinni Jain told Reuters on Wednesday that his team was finally prepared to "add a little bit more build velocity" after over four years of sharpening operations. "There was an impression 10 years ago that Google Fiber was trying to build the entire country," Jain said.
(Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading. Roblox's downbeat results come as firms ranging from console makers and chip makers to video game publishers warn of a slowdown in the gaming world as red hot inflation hammers discretionary spending, challenging the idea of a "recession proof" industry. The California-based Roblox, famous for its games "Jailbreak" and "MeepCity", posted net bookings of $639.9 million in the second quarter, compared with $665.5 million a year earlier.
Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") announces the commencement of the Company's 2022 field exploration program (the "Program") at its 100% owned Rock and Roll Property (or "Property") located in the prolific Golden Triangle, northwestern British Columbia, Canada. The Program will focus on two new targets identified from the 2021 field program.
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