State lawmakers return to Annapolis as special session is underway
EarthRenew Inc. (CSE: ERTH) (OTCQB: VVIVF) (Frankfurt: WIMN) ("EarthRenew" or the "Company"), along with its wholly owned subsidiary, Replenish Nutrients Ltd. ("Replenish"), is pleased to provide an updated outlook on the Fall 2022 season, including growth in our blended product network and our granulated facility expansion plans.
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The dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back future rate hike expectations by the Federal Reserve. Investors slashed bets on the possibility that the Fed will raise interest rates by 75 basis points for a third consecutive time to help tame decades-high inflation when it meets in September after a report on Wednesday showed U.S. consumer prices were unchanged in July. Fed funds futures traders are now pricing in a 58% chance of a 50-basis-point hike in September and a 42% chance of a 75-basis-point increase.
TOKYO (Reuters) -SoftBank Group Corp said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding, as the investment behemoth looks to shore up its cash reserve to weather the market downturn. The Japanese company will reduce its stake in Alibaba to 14.6% from 23.7% by settling prepaid forward contracts. Alibaba's U.S.-listed shares were down 1.3% in early trade.
Global fund managers holding U.S.-listed Chinese stocks are steadily shifting towards their Hong Kong-traded peers, even as they remain hopeful Beijing and Washington will eventually resolve an audit dispute to keep Chinese firms on American exchanges. The pace of migration will likely accelerate, as more Chinese firms listed in New York are expected to follow technology giant Alibaba's intent to launch so-called primary listings in Hong Kong, potentially boosting liquidity there to smooth the transition. KraneShares CSI China Internet ETF (KWEB), a New York-listed fund focused on Chinese tech plays, started swapping American Deposit Receipts (ADRs) into Hong Kong shares in December, when U.S. securities regulators finalised rules to prohibit trading of Chinese companies not compliant with U.S. audit rules.
DALLAS (AP) — Travelers got some welcome news in Wednesday’s inflation report from the government: Airfares are coming down, and at a faster clip. The price of the average airline ticket dropped 7.8% in July, to $311, after a 1.8% dip in June, the government said Wednesday. Lower prices for gasoline and travel were big reasons that overall inflation slowed a bit in July, although consumer prices were still up 8.5% from a year ago. But before celebrating by splurging on a fancy trip, travelers sh
Canadian investor Brookfield said former Bank of England Governor Mark Carney will become chair of its asset management division when it separately lists on the Toronto and New York exchange in November. Carney, currently vice-chairman of Brookfield Asset Management and U.N. special climate envoy, will retain his role as head of transition investing at the new company, which will manage $750 billion in assets, including for third parties. The rest of the existing company will be renamed Brookfield Corporation and remain dual-listed, focusing on investing its own capital, built up over decades from its investments in everything from real estate to renewable energy projects.
VANCOUVER — West Fraser Timber Co. Ltd. says it is cutting a shift at three B.C. mills for a loss of 147 jobs as it reduces production in part because of lack of timber supplies. The wood products company says the shift reductions will mean a loss of 77 jobs at its Fraser Lake Sawmill, 15 positions at Williams Lake Lumber, and 55 jobs at Quesnel Plywood. The job cuts, expected to take place over the fourth quarter, come as the company permanently cuts about 170 million board feet of combined pro
The company saw sales surge 24 per cent in the three-month period ending July 3, jumping from $56.3 million last year to $69.9 million, as sales in Canada and the U.S. nearly doubled.
(Reuters) -Wednesday's consumer price index report showing U.S. inflation didn't accelerate in July was the first "positive" reading on price pressures since the Federal Reserve began tightening policy, Chicago Fed President Charles Evans said, even as he signaled he believes the Fed has plenty more work to do. With consumer prices unchanged last month compared to June, but up 8.5% from a year earlier, inflation is still "unacceptably" high, and the Fed will likely need to lift its policy rate, currently in the 2.25%-2.5% range, to 3.25%-3.5% this year and to 3.75%-4% by the end of next year, Evans said. The remarks suggest Evans, among the 19 central bankers who set U.S. monetary policy, expects to soon slow what's been the Fed's steepest round of interest-rate hikes in decades.
Mexico's TV Azteca plans to appeal a court ruling ordering it to pay a further 2.62 billion Mexican pesos ($131 million) to the country's tax office after a dispute linked to omitted payments in 2013. The broadcaster's parent company Grupo Salinas said in a statement the charges were based on an illegal and unjust estimate. The company said it will appeal to the corresponding authorities following a federal court ruling on Wednesday.
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Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative products with one of the largest indoor cannabis cultivation facilities in Canada, and the largest in Quebec, today announced that it will host a webcast investor presentation on Wednesday, August 17th, 2022, at 2:00 PM ET. During the webcast, Nicholas Sosiak, CFO, will conduct a presentation that will cover key areas of Cannara's bus
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Petroleos Mexicanos (Pemex) has made progress in talks with global energy trader Vitol about resuming trading ties that broke down last year during a bribery scandal, and the companies must iron out some issues such as compensation for damages Mexico's state oil company suffered, two sources at Pemex said. The sources at Pemex did not offer details on how the damages from the scandal would be calculated or give an estimate. Vitol and Pemex declined to comment.
Scotiabank today released its inaugural ScotiaRISE Impact Report, providing highlights from the first year of the Bank's 10-year, $500-million community investment commitment to strengthen economic resilience among disadvantaged groups.
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OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments. Mahima Poddar, senior vice-president and group head of personal banking at Equitable Bank, said GICs haven't been popular in recent years, but with the rise in rates they are now more attractive and demand at EQ Bank, the bank's digital platform, has never been higher. “I
Lower-income households are avoiding discretionary purchases and cooking more at home as prices of everyday essentials surge, which has affected Wendy's that was already grappling with rivals McDonald's Corp, KFC and Burger King. Wendy's U.S. same-store sales rose 2.3% in the second quarter, below estimates for a 2.8% increase, sending the company's shares down 4%. To attract more consumers, Wendy's, like several rivals including bellwether McDonald's and Yum Brands Inc, has recently introduced promotional deals such as its $5 Biggie Bag meal.
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