Tyler Herro (Miami Heat) with a deep 3 vs the Milwaukee Bucks, 12/08/2021
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Canadian investors debating over where to spend their $6,000 TFSA room should look to stocks like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS). The post Got $6,000? Here’s How You Can Power Your TFSA Portfolio in August appeared first on The Motley Fool Canada.
More than half of Canadians believe the metaverse will be part of everyday life within the next decade, study says
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Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday. The bank said it was sticking to the policy of a free-floating rouble exchange rate but highlighted that it was important to reinstate a budget rule which diverts excess oil revenues into the country's rainy day fund. In a report on its monetary policy for 2023-2025, the central bank said various options on how to return to the fiscal rule and replenish the NWF are now being discussed, taking into account the Western sanctions against Russia over its actions in Ukraine.
MEXICO CITY (Reuters) -Mexican leasing firm Unifin's debt restructuring is credit negative and could reflect tight refinancing conditions for Mexican financial institutions, Moody's rating agency said on Friday. "Unifin's restructuring and cessation of principal and interest payments will negatively affect Mexico's smaller finance institutions, whose own liquidity profiles and funding sources are strained by heightened global volatility and investors wary of Mexico's," non-bank financial institution sector, Moody's said in its report. Unifin's shares were down 7.21% in late trading Friday.
Japanese vehicle maker Hino Motors Ltd and its parent, Toyota Motor Corp, have been accused of historical misconduct in a class action lawsuit brought in the United States, Hino said on Friday. The case, in the Southern District of Florida, has been filed on behalf of those who bought or leased 2004-2021 model year Hino trucks in the United States, the company said in a statement. An investigation report this month by a company-commissioned panel said Hino, Toyota's major affiliate, had falsified emissions data on some engines going back to at least 2003, or more than a decade earlier than previously indicated.
Euro zone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of capital goods. The European Union's statistics office Eurostat said industrial production in the 19 countries sharing the euro rose 0.7% month-on-month in June for a 2.4% year-on-year increase. Eurostat said that the production of capital goods, which include things like machinery, equipment, vehicles or tools, rose 2.6% on the month and 7.6% in annual terms.
Gaming equipment provider Inspired Entertainment has made a $370 million offer to acquire slot machine maker PlayAGS Inc, people familiar with the matter said on Friday. Inspired has offered $10 per share in cash to acquire PlayAGS, the sources said. Inspired Entertainment declined to comment.
Japan's Mazda Motor Corp said on Friday it would ask its parts suppliers to increase stockpiles in Japan and produce components outside China after COVID-19 lockdowns in Shanghai destabilised supply and hampered production. Mazda said it brought chips and crucial auto parts to China to be assembled, but was unable to receive those parts from Shanghai during the city's lockdown. Even if Mazda's direct suppliers were Japanese and European companies, they still had parts coming through China, said Takeshi Mukai, the automaker's senior managing executive officer.
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The Canadian dollar edged lower against its U.S. counterpart on Friday as oil prices fell, but the currency still notched its biggest weekly gain this year as signs of U.S. inflation peaking eased worries of aggressive tightening by the Federal Reserve. "The market has less angst," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York. "With (U.S.) CPI now like other inflation numbers suggesting that the top is in and that inflation will trend lower, the chances that the Fed is going to have to force a recession are lower."
Amid economic uncertainty, you need systems to help you get back on your feet quickly
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SEOUL, South Korea (AP) — Samsung's de-facto leader secured a pardon Friday of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company's huge influence in the nation. Lee Jae-yong's pardon is partially symbolic since he was released on parole a year ago after serving 18 months of a prison term that would have ended in July, and critics say the billionaire has remained in control of
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