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Iraq's Sadr may extend sit-in to demand reforms - Al-Arabiya + MORE Mar 26th
Al-ArabiyaIraq's Sadr may extend sit-in to demand reformsAl-ArabiyaSupporters of prominent Iraqi Shi'ite cleric Moqtada al-Sadr shout slogans during a protest against government corruption, in the streets outside Baghdad's heavily fortified Green Zone in Iraq March 25, 2016. (Reuters).... More »
HSBC to China investors: ‘See through’ the tech crackdown and focus on fundamentals - CNBC Jul 8th
HSBC to China investors: ‘See through’ the tech crackdown and focus on fundamentals CNBCDidi extends slump as China weighs changes to US IPO rules BNNDidi Extends Drop to Fresh Lows as China Weighs Rule Changes Yahoo Canada FinanceOwning Chinese Companies Is Comp.... More »
European Central Bank review shows hole in Greek banks’ finances smaller than first feared Oct 31st
FRANKFURT – The European Central Bank says Greece’s battered banks need 14.4 billion euros ($15.8 billion) in fresh money to get back on their feet and resume normal business.
The figure announced Saturday is the result of an ECB review of Greece’s four main banks following an agre.... More »
Canopy Growth applies to list shares on NYSE May 14th
Canopy Growth, the Smith Falls, Ont.- based cannabis company, has applied to list its shares on the New York Stock Exchange..... More »
HBC going private? - Business News - Castanet.net Jun 10th
HBC going private? - Business News Castanet.netShareholders in HBC propose to take the company private CBC NewsHBC stock has best day in years, up on news of asset sale, privatization plan Yahoo Canada FinanceHudson’s Bay executive chair spearheading bid to take re.... More »
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For a few years now, I’ve been inspired by early retirement. We’re certainly not there yet but we’re starting on a good path. Using this site as my guide to document our financial freedom journey I’ve been fortunate to meet a number of fine folks who are willing to share their own financial stories with me. Today’s post is a retirement essay from a reader – because if you save like this you can retire like that, in style.
Bio:
For a few years now, I’ve been inspired by early retirement. We’re certainly not there yet but we’re starting on a good path. Using this site as my guide to document our financial freedom journey I’ve been fortunate to meet a number of fine folks who are willing to share their own financial stories with me. Today’s post is a retirement essay from a reader – because if you save like this you can retire like that, in style.
Bio:
Name: “RBull” from Canadian Money Forum
Age: mid-50s
Family status: married
Retired: fully since 2014; semi late 2011
Retirement plans: Travels the world a few times per year; enjoys financial freedom to the fullest
How did you get started in investing?
First off, life begins when you’re debt free…but I’ll come back to that later. The investing part started for me at age 22 when my career started to take shape.
I did the usual big bank mutual funds routine for several years with a rep until I DIY’ed but was largely still with mutual funds, although dabbled in things like futures, Vancouver exchange penny stocks…
People who say homes ruined by Chinese drywall knock at ‘China’s Great Legal Firewall’
– canadianbusiness.com
NEW ORLEANS – More than a year after suing the Cabinet agency that oversees China’s biggest state-owned companies, lawyers for people who say their homes were ruined by drywall made in China are still trying to get the lawsuit served on the State-Owned Assets Supervision and Administration Commission.
And six other defendants — sued, like the Cabinet agency, as parents of the company that made the drywall — say they’re shielded because they’re Chinese government agencies.
U.S. District Judge Eldon Fallon is considering damages for as many as 4,000 homeowners who say sulfur emissions from drywall made by Taishan Gypsum Co. Ltd. ruined their homes and belongings. Damages could be well over $1 billion, say attorneys for plaintiffs in Virginia, Florida, Alabama, Mississippi, Louisiana and Texas.
Earlier this year, Taishan paid seven Virginia homeowners and their attorneys $2.7 million plus about $500,000 interest. Fallon heard arguments earlier this year about whether those figures, with modifications for costs in different areas, can form the basis for awards in a class action lawsuit…
And six other defendants — sued, like the Cabinet agency, as parents of the company that made the drywall — say they’re shielded because they’re Chinese government agencies.
U.S. District Judge Eldon Fallon is considering damages for as many as 4,000 homeowners who say sulfur emissions from drywall made by Taishan Gypsum Co. Ltd. ruined their homes and belongings. Damages could be well over $1 billion, say attorneys for plaintiffs in Virginia, Florida, Alabama, Mississippi, Louisiana and Texas.
Earlier this year, Taishan paid seven Virginia homeowners and their attorneys $2.7 million plus about $500,000 interest. Fallon heard arguments earlier this year about whether those figures, with modifications for costs in different areas, can form the basis for awards in a class action lawsuit…
Tesco agrees to sell South Korean retailing business to locally led consortium in $6B deal
– canadianbusiness.com
SEOUL, South Korea – British retailer Tesco PLC agreed Monday to sell its South Korean retail business to a locally led consortium in a deal worth about $6 billion.
The acquisition by South Korean private equity firm MBK Partners and a group of Canadian and Singaporean investors is the largest ever in South Korea and one of the biggest deals in Asia so far this year.
Tesco said it will use the 4 billion pounds ($6.1 billion) of cash proceeds from the sale to reduce its debt, which amounts to 4.2 billion pounds. The deal is expected to be completed during the final quarter of this year, pending shareholder approval from Tesco and South Korean government approval.
Homeplus is South Korea’s second-largest retailer. Its chains of discount stores generated annual revenue of 8.6 trillion won ($7.1 billion) through February with 788 billion won earnings before interest, taxes, depreciation and amortization.
Two Canadian pension funds and Singapore state investment company Temasek are part of the consortium…
The acquisition by South Korean private equity firm MBK Partners and a group of Canadian and Singaporean investors is the largest ever in South Korea and one of the biggest deals in Asia so far this year.
Tesco said it will use the 4 billion pounds ($6.1 billion) of cash proceeds from the sale to reduce its debt, which amounts to 4.2 billion pounds. The deal is expected to be completed during the final quarter of this year, pending shareholder approval from Tesco and South Korean government approval.
Homeplus is South Korea’s second-largest retailer. Its chains of discount stores generated annual revenue of 8.6 trillion won ($7.1 billion) through February with 788 billion won earnings before interest, taxes, depreciation and amortization.
Two Canadian pension funds and Singapore state investment company Temasek are part of the consortium…
China’s foreign exchange reserves posted their biggest monthly fall on record in August, reflecting Beijing’s attempts to halt a slide in the yuan and stabilise financial markets following its surprise move to devalue the currency last month.
Switzerland’s Glencore to issue stock, cut debt as market swoons over low commodity prices
– canadianbusiness.com
GENEVA – Swiss commodities giant Glencore has announced a $10.2 billion plan to cut debt and issue shares to adapt to plunging market prices.
The plan involves issuing $2.5 billion of shares, as well as suspending its dividend, further reducing its capital expenditures and selling $2 billion in assets through the end of next year.
Glencore said in a statement Monday that the moves are “prudent” in the face of market volatility and speculation. They come on top of cuts to capital expenditure and costs already announced last month.
The company said it remains “very positive” about the long-term, saying copper and zinc were “supply-challenged” and key ingredients of future global growth. It predicted thermal coal will have an important place in the global energy mix.
The post Switzerland’s Glencore to issue stock, cut debt as market swoons over low commodity prices appeared first on Canadian Business – Your Source For Business News.
The plan involves issuing $2.5 billion of shares, as well as suspending its dividend, further reducing its capital expenditures and selling $2 billion in assets through the end of next year.
Glencore said in a statement Monday that the moves are “prudent” in the face of market volatility and speculation. They come on top of cuts to capital expenditure and costs already announced last month.
The company said it remains “very positive” about the long-term, saying copper and zinc were “supply-challenged” and key ingredients of future global growth. It predicted thermal coal will have an important place in the global energy mix.
The post Switzerland’s Glencore to issue stock, cut debt as market swoons over low commodity prices appeared first on Canadian Business – Your Source For Business News.
