Sales of consumer goods increased across the board at the end of the third quarter, an indication that the country is propelling to the next stage of economic recovery.
Sales of consumer goods increased across the board at the end of the third quarter, an indication that the country is propelling to the next stage of economic recovery.
On the October evening President Emmanuel Macron ordered France back into lockdown, the chief executive of Thales told staff in a memo that anti-COVID measures already in place at the company conformed with the new requirements. But in his address, Macron urged everyone to work from home full-time if they could - although the order was not legally binding and the final decision was left to employers. Sensing a reticence at Thales, several unions complained to the labour inspectorate, according to the hard-left CGT union.
Bitcoin, the biggest and original cryptocurrency, soared to a record $19,918 on Tuesday, buoyed by demand from investors who variously view the virtual currency as a "risk-on" asset, a hedge against inflation and a payment method gaining mainstream acceptance. It is North American investors who have been the bigger winners in the 165% rally this year. Weekly net inflows of bitcoin - a proxy for new buyers - to platforms serving mostly North American users have jumped over 7,000 times this year to over 216,000 bitcoin worth $3.4 billion in mid-November, data compiled for Reuters shows.
South African private sector activity expanded at a slower pace in November as output dropped due to difficulties in acquiring basic materials, while weaker demand hit sales, a survey showed on Thursday. IHS Markit's Purchasing Managers' Index (PMI) slipped to 50.3 in November from 51.0 in October - when it rose above the 50.0 line denoting expanding activity for the first time in 18 months. IHS Markit said the output and new orders subindexes dropped below 50 to 49.7 and 49.5 respectively, however, pointing to renewed falls in activity and sales in the private sector.
FirstFarms A/S’ Board of Directors has adopted the following financial calendar for 2021: * 25 March 2021 Annual report 2020 * 27 April 2021 Annual general meeting * 26 May 2021 Interim financial report 1 January – 31 March 2021 * 25 August 2021 Interim financial report 1 January – 30 June 2021 * 24 November 2021 Interim financial report 1 January – 30 September 2021Proposals from the shareholders for discussion on the annual general meeting 27 April 2021 shall be in the Board of Directors’ possession at the latest 16 March 2021. Best regards, FirstFarms A/S For further information: Please visit our website www.firstfarms.com or contact CEO Anders H. Nørgaard on telephone +45 75 86 87 87. About FirstFarms: FirstFarms is a Danish stock exchange listed company. We operate FirstFarms with responsibility for the surrounding communities, and we deliver highest quality which is primarily sold locally. We act on new opportunities, that create value for our investors and for the surroundings. Every day, we work on creating a more sustainable company. Attachment * (30) Financial calendar 2021
ESI Group (Paris:ESI), global player in Virtual Prototyping software and services for industry, supports Nissan Motor Co in its production process that speeds up the development of car parts made from carbon fiber reinforced plastics (CFRP). Light yet extremely strong, this material will be used to make safer and more fuel-efficient cars.
Alibaba Group's Cainiao is in talks with Chinese vaccine makers over COVID-19 vaccine logistics, a spokeswoman said on Thursday, as the company launched a partnership with Ethiopian Airlines to transport medicine to the Middle East and Africa. "We are currently in discussion with some domestic COVID-19 vaccine manufacturers and international organizations on cooperation over COVID-19 vaccine logistics," the spokeswoman said. Cainiao, a logistics company, underpins delivery for Alibaba's e-commerce marketplace, and it says it aims to deliver across the globe in 72 hours.
Maurico Pochettino has been linked to the manager’s job at Real Madrid but may prefer PSG, according to the rumour mill.
With two old rivals facing off in Ghana's presidential election on Dec. 7 amid familiar economic woes, many voters are paying more attention to a new element in the political mix - the first ever female vice-presidential candidate for a major party. Former education minister Jane Naana Opoku-Agyeman hopes that the decision of Ghana's main opposition National Democratic Congress (NDC) to nominate her as its candidate for vice-president will inspire other women to enter politics.
(Bloomberg) -- Global stocks paused at all-time highs as investors assessed renewed optimism over U.S. stimulus talks and the prospect of more vaccine approvals. Treasury yields steadied and the dollar remained near a more than two-year low.Shares edged up in Asia on Thursday, with Hong Kong stocks outperforming, while European and U.S. equity futures fluctuated after the S&P 500 closed at another record. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer called for immediate talks and said a bipartisan $908 billion aid proposal should be the foundation for negotiations. The U.K. approved the Covid vaccine from Pfizer Inc. and BioNTech SE.Elsewhere, Australia’s 10-year yield climbed through 1%. Oil edged lower. The pound clawed back some of Wednesday’s losses, which were sparked by the European Union’s chief Brexit negotiator Michel Barnier reportedly telling envoys the outcome of trade-deal talks is still too close to call.After vaccine breakthroughs fueled record monthly gains for global stocks, investors are turning some of their attention to bonds. One of the year’s biggest spikes in Treasury yields on Tuesday has spurred speculation about the potential impact of rising rates on stocks and corporate debt.“The market has almost immediately priced in a better-than-expected 2021, particularly in the second half and that’s what we are seeing here, and on the yield curve as well,” Alicia Levine, chief strategist at BNY Mellon Investment Management, said on Bloomberg TV. “The message here really is that better days are ahead and that dips and consolidations are eminently buyable.”Still, the pandemic continues to rage. The U.S. saw the deadliest day for Covid-19 fatalities, and Los Angeles ordered residents to stay home and told businesses that require in-person work to cease operations.Meanwhile, Federal Reserve Chair Jerome Powell indicated Wednesday that there was no rift between the central bank and Treasury Secretary Steven Mnuchin over the sunsetting of emergency lending programs. The U.S. House cleared legislation that would impose restrictions on Chinese companies listed on U.S. exchanges.These are some key events coming up:The U.S. employment report on Friday is expected to show more Americans headed back to work in November, though at a slower pace than October.German factory orders for October are due Friday.Here are some of the main moves in markets:StocksS&P 500 futures were little changed as of 7 a.m. in London. The gauge rose 0.2% on Wednesday.Japan’s Topix index was flat.Hong Kong’s Hang Seng added 0.6%.Shanghai Composite slid 0.2%.Australia’s S&P/ASX 200 Index added 0.4%.Euro Stoxx 50 futures were flat.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The yen was at 104.45 per dollar.The offshore yuan was at 6.5491 per dollar.The euro bought $1.2119.BondsThe yield on 10-year Treasuries was at 0.94%.Australia’s 10-year yield rose three basis points to 1.02%.CommoditiesWest Texas Intermediate crude slipped 0.4% to $45.09 a barrel.Gold rose 0.1% to $1,833.37 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Japanese prosecutors are seeking to question former prime minister Shinzo Abe over a scandal involving the cost of events held for his supporters, local media said Thursday.
The CEO of Singapore ride-hailer Grab told employees in an internal note on Thursday that the firm is in a position to make acquisitions, following a report it is close to a merger with regional rival Gojek. The two firms have made substantial progress in talks to merge Southeast Asia's two most valuable startups, Bloomberg reported on Wednesday. "There is speculation again about a Gojek deal," Anthony Tan told employees in a note on the company's internal communication platform, seen by Reuters.
(Bloomberg) -- Nomura Holdings Inc. is on a hiring spree to bolster its wealth and fixed income businesses in Asia, key areas for growth at Japan’s biggest securities firm after its latest cost-cutting drive.The brokerage hired about 20 to 25 private bankers from rivals including Deutsche Bank AG and BNP Paribas SA this year and plans to add similar numbers in each of the next two to three years, said Rig Karkhanis, head of global markets for Asia excluding Japan. It also aims to recruit as many as 40 people for fixed income in the next 18 months, he said.Chief Executive Officer Kentaro Okuda’s Asia push comes after his predecessor cut hundreds of jobs around the world to shore up profitability outside of Japan. The move reflects the growing significance of a region where competition for the swelling number of millionaires is heating up and interest rates remain much higher than those of developed economies.“We see the Asia region as becoming more and more important for the global economy,” Karkhanis said in an interview. “Pretty much all of the West is now operating at zero interest rates, and likely to remain at zero interest rates for a long time. The only high-quality yield, so safe yield as it were, is really in the Asian economies.”The firm is seeking to add sales staff and traders for private debt, delta one products -- a type of derivative that’s tied closely to the underlying asset -- and macro business, its biggest revenue generator in the region, he said.In wealth management, the hires will be for Greater China and Southeast Asia, where about half of this year’s additions are based. The bank recently picked up a team from a rival to cover Thailand and Vietnam, Karkhanis said. Nomura has separately hired about 170 people in China’s mainland for a new securities joint venture that’s initially focusing on wealth.Okuda, who became CEO in April, unveiled plans this week to recruit relationship managers in the Middle East and Asia excluding Japan, with a goal to boost assets under management there by five times to $35 billion.Nomura’s Asia wealth business entered Karkhanis’s orbit in April when the bank moved it to the wholesale division from retail. He is seeking to increase its contribution to global markets revenue to 20% in the next two to three years.The Asia and Oceania business is now in its seventh year of profits, underpinned by the global markets operation. Pretax income from the region climbed to the highest in five years in the quarter ended September.Nomura’s Asia credit business has increased market share in recent years. The operation, which includes sales and trading of corporate bonds, special situation loans and structured lending, saw its revenue share climb to 7.7% in the first half from 5.4% in 2016, and is ranked fourth in Asia ex-Japan, according to a company presentation.Bond BoomFixed income revenue from Asia excluding Japan jumped to a record in the first half, thanks to market volatility stemming from the coronavirus pandemic, Karkhanis said. In normal times, the business accounts for about 60% of global markets revenue in the region, followed by equities with 30% and wealth 5% to 10%, he said.Progress on Nomura’s most recent restructuring plan is giving Okuda some room to expand. The firm has achieved most of the 140 billion yen ($1.3 billion) in cost cuts under that initiative, which included exiting U.S. high-yield bonds and shrinking trading in Europe.Shares of Nomura fell 0.3% on Thursday. The stock is down less than 1% this year, having climbed more than 40% from March lows.Having made deep cuts in equities in 2012 and 2013, the firm has been rebuilding its non-cash business in the past two years to about 60 to 80 staff, primarily in derivatives, delta one and prime brokerage, Karkhanis said.Cash equities became profitable as a standalone operation for the first time this year, and there’s a lot of cross-selling in the prime brokerage, equity products and fixed income space, he added. Headcount for that group has been constant at around 150 to 200 in the past few years, he said.“We are not in headcount reduction mode” in cash equities, Karkhanis said. “Cutting the business can affect our ability to grow other areas.”(Updates with Nomura’s share of credit business in the 10th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Tavon Austin says he still has the same skills he possessed back when his impressive 40-yard dash times helped make him the No. 8 overall pick in the 2013 NFL draft. Austin is eager to showcase that as the Green Bay Packers’ newest acquisition attempts to revive his career. “I’m still explosive,” Austin said Wednesday.
Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was partially spinning off PhonePe in a move aimed at widening the digital payments platform's access to capital to fuel its growth. PhonePe, which competes with Alibaba-backed homegrown payments pioneer Paytm and GooglePay, will raise $700 million in primary capital, Bengaluru-based Flipkart said in a statement. The funds will be raised at a post-money valuation of $5.5 billion from existing Flipkart investors led by Walmart, the statement said.
Bitcoin has grabbed headlines this week with its dizzying ascent to an all-time high. Bitcoin, the biggest and original cryptocurrency, soared to a record $19,918 on Tuesday, buoyed by demand from investors who variously view the virtual currency as a "risk-on" asset, a hedge against inflation and a payment method gaining mainstream acceptance.
We are all seeing red over the government's Green Homes GrantThe installer told me they couldn’t do the work before the scheme expires and everyone else is fully booked
Labour leader calls for tailored support as the collapse of Arcadia, Debenhams, and Bon Marche highlights the scale of the problems facing retail sector.
* New ETP, Bitcoin Zero, will enable institutions and individuals to invest in Bitcoin in a similar way to ETFs and shares * Trading and owning Bitcoin Zero will not incur management fees * Bitcoin Zero is the first of several innovative products Valour plans to bring to market * Trading in Bitcoin Zero to begin on December 3, 2020ZUG, Switzerland, Dec. 3, 2020 /CNW/ -- In a world first, Valour, the Swiss-based creator of investment products that provide exposure to innovative technologies, has announced the launch of Bitcoin Zero, a Bitcoin (BTC) exchange traded product (ETP) that comes with zero management fees.
(Bloomberg) -- Democrats are making a bid to break the standoff on a new stimulus package with House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer scaling back demands on a relief plan, as President-elect Joe Biden urged Congress to find a bipartisan path forward.Retreating from the $2.4 trillion pandemic relief package they had been pushing before the election, Pelosi and Schumer said a $908 billion proposal from a bipartisan group of lawmakers should serve as the baseline for negotiations with congressional Republicans and the White House.“We and others will offer improvements, but the need to act is immediate and we believe that with good-faith negotiations we could come to an agreement,” the two Democratic leaders said in a statement.The state of the economy, the fast emergence of coronavirus vaccines, pressure from party moderates and Biden’s election all likely influenced the move by Pelosi and Schumer, which was the first real break by either side from long-held positions. The compromise plan would cover a shorter period of time than the leaders’ earlier proposal, providing aid through the winter, with Democrats hoping the Biden administration will help pass another significant relief bill next year.All that now puts pressure on Senate Majority Leader Mitch McConnell -- who has circulated a plan that largely followed the contours of an earlier roughly $500 billion proposal that was rejected by the Democrats -- to negotiate a deal that can be attached to a year-end spending bill.Congress has a short window to act this year. And it’s still not clear whether President Donald Trump would sign any relief measure beyond what McConnell has already proposed, despite previously endorsing a $2 trillion-plus stimulus. Both parties expect Biden to propose a bigger tranche of spending once he takes office on Jan. 20 as the pandemic continues threatening the recovery.While some parts of the economy are doing well and various figures have showed continued improvement, many analysts are increasingly warning that growth will slow further or even deteriorate in coming months with the pandemic still causing shutdowns and impeding consumers. Initial filings for unemployment benefits have increased for two straight weeks, while restaurant reservations have cooled amid the virus spike and colder weather.Biden on Wednesday encouraged bipartisan action on a stimulus, saying whatever relief plan that could get through Congress now “wouldn’t be the answer but it would be immediate help.” Speaking at an event in Delaware, he said whatever Congress passes would only be a “down payment” on what he’ll be proposing.Another stimulus package next year is hardly assured. Republicans will still control the Senate unless Democrats can pull off a longshot bid to win both Georgia Senate seats in a Jan. 5 runoff. Although there is a group of Republicans who would back more stimulus spending, there is also faction that sees no need for any additional stimulus and McConnell would control the chamber’s agenda if he remains as majority leader.McConnell didn’t immediately respond to Schumer’s and Pelosi’s gambit, but the No. 2 Senate Republican, John Thune of South Dakota, said the Democrats were “moving in the right direction.”The White House was non-committal.“We’re supportive of Leader McConnell’s efforts and continue to work with him on the best path forward to get more targeted coronavirus relief out to the American people,” administration spokeswoman Sarah Matthews said in an email.Before the November election, Pelosi had been under pressure from some swing-district Democrats to get some stimulus passed rather than hold out for the massive package the House backed in May. Her position has been weakened by the loss of at least nine Democratic seats in the election, giving Democrats a much narrower majority.But a House Democratic aide associated with the moderate wing of the party said that Pelosi appeared to have acted without overt pressure from centrist members. She had been apprised of the work by the bipartisan group on a new proposal and they had emphasized that it would be an interim measure.The $908 billion bipartisan plan is designed to produce benefits through March, giving a new deadline for Biden to work with next year for his own successor package, according to the aide, who spoke on condition of anonymity to discuss internal party deliberations.The bipartisan proposal produced signs of cracks in GOP unity as McConnell attempted to produce a plan that all Senate Republicans would support. It had four GOP senators including Mitt Romney of Utah and Lisa Murkowski of Alaska working with a cluster of Democrats on a bill that could be introduced on Monday. At the same time, McConnell has struggled with defections of conservative Republicans who won’t back any further stimulus at all or who want a very limited package.Under that bipartisan proposal, small businesses would get a roughly $300 billion infusion for a version of the Paycheck Protection Program of forgivable loans and other aid, and state and local governments would get about $240 billion, including money for schools, according to three people familiar with the proposal.An additional $180 billion would go to an extension of pandemic unemployment benefits, providing an added $300-a-week for four months.The proposal doesn’t include direct payments to individuals.“The bill that has been worked on between Republicans and Democrats has the best shot of actually passing,” Romney said. “There are message bills and then there are bills that can pass, and we have to have Democratic votes to get a bill through the Senate.”The compromise has the backing of the Problem Solvers, a 50-strong group of House Democrats and Republicans that had made another attempt at bridging the divide before Election Day.“We are confident we can continue to build on this momentum and get a deal done quickly,” Democrat Josh Gottheimer of New Jersey and Republican Tom Reed of New York, the co-heads of the group said in a statement.House Majority Leader Steny Hoyer earlier Wednesday expressed optimism that a deal could be reached by the weekend, to set up votes by the middle of next week.The pandemic is also driving action in Congress more directly. Hoyer and other lawmakers said the continued spread of the coronavirus across the country is adding urgency to efforts to wrap up congressional business so members can return home and safely quarantine before the holidays.Over the next 10 days, Congress also has to deal with passing a $1.4 trillion annual spending bill to fund government operations. The U.S. government has been working under a stopgap measure since the fiscal year began on Oct. 1. That expires Dec. 11, and missing the deadline would trigger a partial government shutdown.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Contestants must race to get to Angkor Thom! Who will get there first?