The South Carolina senator describes racial inequality when it comes to education and jobs
HONG KONG (Reuters) -Hong Kong's audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group's property services unit and its former auditor after questions were raised following the developer's probe into seized deposits worth $2 billion of the unit. The Financial Reporting Council (FRC) said in a statement it was investigating the 2020 and first half of 2021 financial statements of Evergrande Property Services, as well as the audit carried out by PwC on its 2020 annual accounts. "The FRC identified questions about the classification of restricted bank deposits and other loans, the measurement of pledge guarantees given and the disclosure of related party transactions in the accounts, and related questions about the audits," it said.
OTTAWA — Statistics Canada says wholesale sales rose 0.1 per cent to $80.7 billion in June, boosted by the miscellaneous and motor vehicle and motor vehicle parts and accessories subsectors. The agency says the miscellaneous goods sector rose for the fourth time in five months as it gained 3.5 per cent, boosted by a 15.5 per cent gain in the agricultural supplies industry. Statistics Canada says the growth reflects the demand for Canadian fertilizer because of the ongoing conflict in Ukraine. Sa
A major Japanese auto lobby said it was concerned about a new U.S. law that restricts tax credits for electric vehicles to those assembled in North America. The Biden administration said on Tuesday about 20 models still qualify for tax credits of up to $7,500. Credits end immediately for about 70% of the 72 models that were previously eligible, according to the Alliance for Automotive Innovation, an industry trade group.
Stellantis NV's Dodge brand plans to squeeze maximum profit from the farewell party for its petrol-burning Challenger and Charger muscle cars, which are scheduled to go out of production at the end of next year, the company said on Monday. The final run of the current Dodge muscle cars will be allocated to dealers all at once, said brand chief Tim Kuniskis to reporters. With their retro-styling and gasoline-burning six and eight-cylinder engines, the Challenger and Charger are throwbacks to Detroit muscle cars of the 1960s and 1970s.
Today Alcon, the global leader in eye care, announced the Canadian launch of the newest addition to its innovative portfolio of dry eye products. New SYSTANE® COMPLETE Preservative-Free Lubricant Eye Drops is an all-in-one solution available in an easy-to-use, multi-dose bottle.
TORONTO — Shares of Turquoise Hill Resources Ltd. were down more than 10 per cent after the company's special committee of independent directors said an offer by Rio Tinto International Holdings Ltd. to buy the shares in the company it does not already own is too low. The special committee says Rio Tinto's offer of $34 per share does not fully and fairly reflect the fundamental and long-term strategic value of the company’s majority ownership of the Oyu Tolgoi project in Mongolia. Rio Tinto made
NEW YORK (AP) — Veteran CNBC chief Mark Hoffman is leaving the network after 28 years, with London-based executive KC Sullivan replacing him early next month, the network said on Tuesday. Hoffman was named president of the financial news network in 2005 and elevated to chairman in 2015. “During his tenure, CNBC became a world leader and every year it has grown better and stronger,” said Cesar Conde, chairman of the NBCUniversal News Group. Sullivan, who begins as CNBC president on Sept. 12, is c
Public Services and Procurement Canada (PSPC) wishes to advise users that the Hull Causeway and Union Bridge of the Chaudière Crossing will be closed to motorists to accommodate repairs during the following periods:
Musk has a history of being unconventional, posting irreverent tweets. Below are some other tweets by Musk - who has more than 103 million followers - which have taken investors, Twitter users, Twitter's board and the rest of his audience by surprise. May 13, 2022: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
NEW YORK (Reuters) -Starbucks Corp on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran and General Counsel Jennifer Abruzzo that NLRB agents helped Workers United win elections by manipulating the voting process and collaborated to cover up the behavior, according to a copy seen by Reuters. NLRB spokesperson Kayla Blado said in a statement the NLRB had well established processes for challenging elections.
Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest. It is December 1973 and the finance minister has privately warned the cabinet of Edward Heath that the country faces its gravest economic crisis since World War Two, according to classified records that are now publicly available. The papers shed light on the debate at the heart of government during a crisis that bears similarities to that facing current Prime Minister Boris Johnson's cabinet.
Are you looking for a strong value bet? This undervalued Canadian stock might be the perfect addition to your portfolio at current levels. The post 1 Undervalued TSX Stock to Buy Right Now appeared first on The Motley Fool Canada.
(Reuters) -China's Tencent Music Entertainment Group bettered quarterly revenue estimates on Monday as a slate of original content helped its music streaming platform attract more paying users. Music subscription revenue of the platform that operates like Spotify rose 18%. Tencent Music also benefited from a push for original content, including a partnership with parent Tencent Holdings to produce songs from popular game titles.
(Reuters) -Home Depot Inc on Tuesday surpassed estimates for quarterly results as demand from builders and higher prices helped the biggest U.S. home-improvement chain cushion the blow from a drop in store visits. Customers who bought homes during last year's housing boom are still driving demand for home-improvement chains even as the explosive growth seen during the peak of the pandemic has cooled. Home Depot reported bigger-than-expected comparable sales growth of 5.8% in the second quarter, but that was below the average of 14% in the corresponding periods of the past two years.
Here are two TSX stocks to buy today with dividends yielding more than 3%! The post 2 TSX Stocks to Buy With Dividends Yielding More Than 3% appeared first on The Motley Fool Canada.
TORONTO — The Canadian Securities Administrators (CSA) says crypto trading platforms are now expected to make certain commitments that address investor protections while their registration applications are being reviewed. The umbrella organization of provincial securities regulators says Crypto.com and Coinsquare Capital Markets Ltd. are the first to submit the pre-registration undertakings. The CSA says provincial regulators are in discussion with other crypto trading platforms about following
As part of its Project Justice initiative, Molson Coors announced today another $1.5 million donation to BIPOC (Black, Indigenous and people of color) organizations dedicated to equity, empowerment, justice and community building, bringing its total cumulative investment to $4.5 million since 2020. As part of this year's initiative, Molson Coors is allocating more than $500,000 in grants to provide educational cost relief to students from underserved communities seeking to finish their college d
Are you interested in buying stocks with great rebound potential? Here are three TSX tech stocks to buy before they soar! The post Rebound Rockets: 3 TSX Tech Stocks to Buy Before They Soar appeared first on The Motley Fool Canada.
Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country. The Shenzhen-based company said that Huanhe, officially launched early last August, will no longer release new NFTs to users from Tuesday. "Based on the company's consideration to focus on its core strategy, Huanhe is making adjustments to its business," Tencent said in a statement.
The recent price surges and double-digit week-on-week gains of top cryptocurrencies aren’t signs of a crypto market recovery. The post Ethereum (CRYPTO:ETH) and 1 Rival Post Double-Digit Gains appeared first on The Motley Fool Canada.
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