The U.S. Securities and Exchange Commission risks weakening investor protections if it allows companies to raise money in the public market through a direct listing without the support of underwriting banks, an influential broker group said on Friday.
Mothercare Plc said on Friday Boots UK, owned by U.S.-based Walgreens Boots Alliance , will become its new exclusive franchisee partner and stock the struggling retailer’s brand of clothing, home and travel products.
China will give a news briefing at 1030 pm local time (1430 GMT) on the state of trade discussions with the United States, the State Council Information Office said on Friday.
iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF) has announced the opening of its GrowHealthy dispensary in Ocala, Fla. This opening brings the company’s total number of dispensaries in Florida to 11 and its system-wide total to 29. New Location The new 3,900-sq.-ft. store is located at 2370 SW College Rd. It is GrowHealthy’s first dispensary in […]The post iAnthus Opens 11th Florida Dispensary in Ocala appeared first on Market Exclusive. …read more […]
(Bloomberg) — Andre Desmarais and Paul Desmarais Jr. are stepping down as co-chief executive officers of Power Corp. of Canada as part of a massive reorganization at one of the country’s largest financial services firms.The Desmarais brothers, sons of the founding family that runs the Montreal-based firm, will stay on as chairman and deputy chairman. Jeffrey Orr, current CEO of the Power Financial business, takes the top job at a new entity combining the two main units of the insurance and asset management company, according to a statement Friday.As part of the reorganization, Power Financial shareholders will receive 1.05 Power …read more […]
(Bloomberg Opinion) — Christmas as we know it today got its start in the pages of Salmagundi, a short-lived early-1800s precursor to Mad magazine and the Onion that was billed as “The Whim-whams and Opinions of Launcelot Langstaff, Esq. & Others” but was actually the work of precocious New York literary talent Washington Irving, one of his older brothers and a friend.At least, that’s one theory, and as a New Yorker I’m all for promoting it.The Jan. 25, 1808, issue of the magazine opens with an account of “this season of festivity when the gate of time swings open on …read more […]
(Bloomberg) — Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.After testing the patience of financial markets, the U.S. says it has hashed out with China the terms of that long-awaited “phase one” deal, with President Donald Trump said to have signed off on it and expected to lead an unveiling as soon as Friday.As advertised, the agreement hinges on China stepping up its purchases of American agricultural products to as much as $50 billion annually and committing to crack down on intellectual …read more […]
While not a mind-blowing move, it is good to see that the GameStop Corp. (NYSE:GME) share price has gained 27% in the… …read more […]
Chinese police on Friday detained the chairman and chief executive officer of New York-listed Fincera Inc for suspected financial crime.
Samsung Electronics vice-president Kang Kyung-hoon received a 16-month jail term on Friday on charges of union-busting activities, South Korean media reported on Friday.
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The Bank of Russia delivered a fifth consecutive bout of monetary easing and said it would consider more cuts in the first half of next year as inflation continues to fall below target.The bank lowered its benchmark interest rate by 25 basis points to 6.25%, according to a statement published on Friday, taking the total reduction this year to 150 basis points. The move was forecast by 26 out of 33 economists in a Bloomberg survey. Four …read more […]
Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.
Oil rose on Friday to its highest in nearly three months as progress in resolving the U.S.-China trade dispute and Britain’s general election result appeared to lift two clouds that have been dampening investor appetite for risk.
(Bloomberg) — Palladium set its sights on a record $2,000 an ounce, with the metal’s blistering rally showing no sign yet of cooling off.Prices climbed for an unprecedented 16th day after signs of a breakthrough in the U.S.-China trade talks, fueling hopes for a rebound in the auto industry, palladium’s biggest consumer. Prices surged this week as mining disruptions in major producer South Africa threatened to tighten a market already hobbled by a persistent deficit.“The physiological $2,000 level now acts as such a magnet to the market,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “The strong …read more […]
Argan, Inc. (NYSE:AGX) defied analyst predictions to release its quarterly results, which were ahead of market… …read more […]
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