Markets
Aurora Cannabis appoints U.S. billionaire Nelson Peltz as strategic adviser
Jefferies analyst Owen Bennett noted that Aurora stock trades at a lower multiple of sales and projected cash flow than Tilray or Canopy stock. He has served as the CEO and chairman of Triarc Companies, which owned Arby's and Snapple, and has been on several company boards . [Full Article...]
Musk in more trouble over Tesla tweets
Confused about pricing of Tesla cars and features? The legal team has argued that the SEC's action is unwarranted and should be viewed as "retaliation" for Musk's statement that "I want to be clear, I do not respect the SEC" in an interview with 60 Minutes . [Full Article...]
Ontario may ban plastic straws and single use plastic
Environmental Defence's programs director Keith Brooks explained that plenty of single-use plastics are not required, emphasizing on cutlery & straws. Ontario may also allow more items to be collected through Blue Box programs, including small and large appliances, power tools, rechargeable batteries, fluorescent bulbs and clothing. [Full Article...]
Kier Group increases debt position after accounting error
The firm's shares almost halved in December on the news it was to sell new shares to existing investors at a knock-off one-third discount in a bid to raise £264m to slash into its net debt of more than £600m at the time. Meanwhile, the company said it expects to book a £25 million charge in its interim results linked to the Broadmoor Hospital redevelopment after reaching an agreement with the clie... [Full Article...]
Oil up on reduced U.S. output estimate, stalled Venezuelan exports
The so-called OPEC+ alliance, including Russian Federation and other producers, agreed in December to reduce supply by 1.2 million bpd from 1 January for six months, which will help to boost oil prices after last year's downward trend. Saudi Arabia's total gross exports are predicted to stand at 9.52 million barrels a day in 2024, while USA is rapidly closing the gap with the kingdom. [Full Article...]
Spring Statement 2019 summary and highlights: key points explained
All eyes will be on the Office for Budget Responsibility's forecasts for the deficit, debt, GDP and productivity. After that growth is expected to rebound. In its assessment of the public finances, the OBR said the spring statement involved £1.3bn of "giveaways", just as each budget has done since the referendum vote. [Full Article...]
UAE regrets inclusion in European Union tax blacklist
The agreement means the list will now feature 15 jurisdictions, triple the amount it did before its last review. Blacklisted states face reputational damages and stricter controls on transactions with the European Union, although no sanctions have yet been agreed by European Union states. [Full Article...]
VW vows to build 22-million electric cars over next decade
The company also disclosed that operating profit at its core Volkswagen brand, one of its 12 brands, fell to 3.2 billion euros ($3.6 billion) from 3.3 billion euros a year ago as the company faced bottlenecks certifying vehicles under new emissions tests. [Full Article...]