Markets

Aurora Cannabis reiterated as overweight as Cantor Fitzgerald welcomes Reliva deal

Aurora Cannabis reiterated as overweight as Cantor Fitzgerald welcomes Reliva deal Aurora said the acquisition will provide several strategic and financial benefits, including a United States management team that has strong worldwide CPG backgrounds and a leading market position in hemp-derived CBD in the US. If Reliva achieves certain financial targets, the transaction includes a potential earn-out of up to a maximum US$45 million payable in Aurora shares, cash or a combi... [Full Article...]

China Poised To Expand Control Over Hong Kong

China Poised To Expand Control Over Hong Kong Her comments are likely to anger demonstrators and fuel protests that have resurged in recent weeks following months of disruption leveled by the virus. "No country will allow separatist activities and other activities endangering national security on its territory". He warned that if the legislation is passed in the territory, "Hong Kong police or secret agents can use this to arrest people or ... [Full Article...]

Why reassertion of Xi Jinping's authority spells violence in Hong Kong

Why reassertion of Xi Jinping's authority spells violence in Hong Kong It also provides that rights and freedoms, including those of the person, of the press, of assembly, of association and others, will be ensured by law in Hong Kong, and that the provisions of the two United Nations covenants on human rights (the International Covenant on Civil and Political Rights and International Covenant on Economic, Social and Cultural Rights) shall remain in force. [Full Article...]

US Senate passes bill that puts some Chinese listings at risk

US Senate passes bill that puts some Chinese listings at risk The bill, introduced by Senator John Kennedy , a Republican from Louisiana, and Chris Van Hollen , a Democrat from Maryland, would require companies to certify that they are not under the control of a foreign government. Nasdaq recently pressured Luckin Coffee (LK), a Chinese coffee chain engulfed in widespread accounting fraud, to delist. However, he also said that action on these firms may bac... [Full Article...]

Motoring: Ford shuts two US assembly plants due to COVID-19 infections

Motoring: Ford shuts two US assembly plants due to COVID-19 infections Ford said that production in Chicago was also set to resume mid-week. On Tuesday, Ford halted production at its Chicago SUV plant twice after two workers tested positive for coronavirus . " If we consider the incubation period, these employees did not contract COVID-19 in the workplace, " the Ford spokesman insisted. The workers are backed by Service Employees International Union, which... [Full Article...]

Half of Facebook employees to work remotely in 10 years - Zuckerberg

Half of Facebook employees to work remotely in 10 years - Zuckerberg He predicted some cost savings related to real estate, food and labor costs, as sky-high compensation packages common in Silicon Valley will be adjusted if Facebook employees opt to live in less-pricey regions. "At the same time, I also want to emphasise that I just think Covid is going to be with us for a while to come". Over the past few decades, economic growth in the United States has been... [Full Article...]

Swiggy, Zomato Begin Alcohol Home Delivery

Swiggy, Zomato Begin Alcohol Home Delivery The entry of Amazon into food delivery in India expands its portfolio of services which ranges from the horizontal marketplace, digital payment, media, and now, food delivery. However, during the ongoing lockdown phase, restaurants have been allowed to operate only delivery services as dine-in options are still prohibited in most cities. [Full Article...]

Repo rate slashed by 40 bps to 4%

Repo rate slashed by 40 bps to 4% Shaktikanta Das said in a televised statement. The central bank set the 25 percent limit in June 2019 and capped lenders' exposure to a single party at 20 percent. RBI governor Shaktikanta Das says a facility of Rs 15,000 crore line of credit for 90 days for USA dollar swap facility will be provided to EXIM Bank. [Full Article...]


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