Archegos had alerted U.S. authorities of a short squeeze on Futu, which took almost $4 billion out of Hwang's portfolio, after regulators launched a probe into block-trading at Morgan Stanley earlier this year, Bloomberg reported, citing one person familiar with the matter. Spokespeople for Hwang and Morgan Stanley did not immediately respond to Reuters' requests for comment.
Inter Pipeline Ltd. ("Inter Pipeline") announced today that it has agreed to issue $550 million of senior unsecured notes (the "Notes"). The Notes will have a fixed interest rate of 5.849% per annum, payable semi annually, and will mature on May 18, 2032.
Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in the last 30 years, with perils such as wildfires and storms, seen as particularly impacted by climate change, causing an even faster rise in insured losses, the report said. Insurers' main catastrophe risk in the past was typically from hurricanes in U.S. states such as Florida and Texas, Seth Rachlin, global insurance industry leader at Capgemini, told Reuters.
Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. "The metaverse is at the same time a social space and live network space where games, music, movies and anime intersect," Chief Executive Kenichiro Yoshida said at a strategy briefing on Wednesday, pointing to the use of free-to-play battle royale title Fortnite from Epic Games as an online social space.
CHICAGO/WASHINGTON (Reuters) -United Airlines said on Tuesday the Federal Aviation Administration (FAA) has cleared its Boeing 777 planes equipped with Pratt & Whitney (PW) 4000 engines to return to service, while the wide-body jets are expected to begin flying next week. Andrew Nocella, United's chief commercial officer, said the FAA issued the final paperwork for the planes late on Monday. Separately, the FAA confirmed it has approved the service bulletins that will allow the Boeing 777-200 with Pratt & Whitney PW4000 engines to return to service.
SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in a deal it said would make it the world's second largest aircraft lessor by number of aircraft. The acquisition to create a combined company with 37 billion euros ($38.45 billion) in assets comes six months after Ireland's AerCap Holdings NV consolidated its position as the world's largest aircraft lessor through its takeover of General Electric's leasing business. SMBC, which is owned by a consortium including Japan's Sumitomo Corp and Sumitomo Mitsui Financial Group, said it will take over a portfolio of 176 owned and managed aircraft to bring its total fleet to 709.
Rainbow Railroad — an international organization that helps LGBTQI+ people escape violence and persecution to find a path to safety — is signaling the urgent need to provide a pathway to safety for LGBTQI+ people around the world, especially in Afghanistan, in partnership with the Canadian government.
BERLIN (Reuters) -Daimler Truck Holding said rising raw materials prices and inflationary pressures could weigh into its second quarter, but the truckmaker expected to continue passing high costs to customers amid record levels of demand. Once costs begin to decrease again, it could lower customer prices, Chief Financial Officer Jochen Goetz said on an earnings call. "We are not increasing prices just for the sake of profit, but pure necessity," Goetz said.
Bank of England boss Andrew Bailey is sorry for an "apocalyptic" view of the world, saying that monetary policy faces its biggest test in 25 years with surging inflation exacerbated by war in Ukraine and China's COVID lockdowns. Federal Reserve chief Jerome Powell, who warned last week that taming inflation will "include some pain", and European Central Bank president Christine Lagarde speak later on Tuesday.
Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. "The metaverse is at the same time a social space and live network space where games, music, movies and anime intersect," Chief Executive Kenichiro Yoshida said at a strategy briefing on Wednesday, pointing to the use of free-to-play battle royale title Fortnite from Epic Games as an online social space.
Here are three top TSX stocks with relatively low risk and average return prospects. The post How to Tackle Market Volatility: 3 Top Canadian Dividend Stocks to Buy appeared first on The Motley Fool Canada.
OTTAWA — Canadian manufacturing sales and wholesale trade figures climbed higher in March, but the gains came due to higher prices. Statistics Canada said Monday manufacturing sales rose 2.5 per cent to $70.2 billion in March, however sales in constant dollars were unchanged. Meanwhile, wholesale sales rose 0.3 per cent in March to $79.8 billion, but in constant dollar terms sales fell 0.6 per cent for the month. Nikita Perevalov, director of economic forecasting at Scotiabank, said the disappoi
COLOMBO, Sri Lanka (AP) — Sri Lanka's governing party on Tuesday defeated a move in Parliament to urgently debate a motion that would censure President Gotabaya Rajapaksa for the nation's worst economic crisis, which the prime minister said has left only enough gasoline for one day. It was unclear when the motion will be taken up again. It would not legally require Rajapaksa to quit, but his refusal to do so has already roiled Sri Lanka, which is on the brink of bankruptcy as it negotiates an ec
SANTA FE, N.M. (AP) — Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to an in-state college tuition-free, moms will get medical care for a year after childbirth, and criminal justice initiatives are being funded to reduce urban violence. The reason behind the spending spree — oil. New Mexico is the No. 2 crude oil producer among U.S. states and the top recipient of U.S. disbursements for fossil fuel production on federal land. But a budget flush with petr
NEW YORK — Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong advanced nearly 2.5% and other regional benchmarks were moderately higher. Oil prices slipped. Signs of progress in China's effort to bring outbreaks of coronavirus under control appeared to be outweighing concern over weaker than expected Chinese economic data for April. Investors also are watching for comments by Federal Reserve officials that might provide insi
Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce assay results from diamond drill hole DDRCCC-22-023 (the "drill hole" or "Hole 23"), the second drill hole completed during the Company's 2022 winter exploration program at its road accessible, district scale RC Gold Project ("RC Gold" or the "Project") located within the Yukon's prolific Tombstone Gold Belt (see Figure 1). Four diamond drill holes were completed during the 2022 winter drillin
JA Solar celebrates its 2022 new product launch event on May 18, with the release of its first n-type PV module DeepBlue 4.0 X. This innovative new product offering marks the company's first entry into the n-type PV product market.
Berkshire built its stake in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares during the period as U.S. banks' stocks slid on fears of slowing economic growth. The shares have slumped 38% over the past 12 months, the most among major Wall Street banks. "Citi is one of the cheapest stocks in the market," said Thomas Hayes, chairman at Great Hill Capital in New York.
TORONTO — A broad rally led by the energy sector pushed Canada's main stock index higher for a second-straight session after six days of losses. Angelo Kourkafas, investment strategist at Edward Jones, says sentiment has stabilized after Friday's rally which followed a deep selloff. "Today, in the absence of any major catalysts we think markets are trying to find some support, but they're doing so in a cautious way," he said in an interview. Defensive sectors such as consumer staples and utiliti
Employees are seeking to unionize at a Trader Joe's grocery store in western Massachusetts, joining a nationwide surge of labor organizing among retail and food service workers. Organizers at the store in Hadley sent an open letter to company CEO Dan Bane dated Saturday citing concerns about pay, benefits and safety. They asked for a union election “without interference or obstruction." Workers across the country, including multiple Starbucks locations and an Amazon warehouse in New York, have s
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