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Canada's Remembrance Day ceremonies mark 100-year anniversary of First World War armistice - Globalnews.ca Nov 11th
Globalnews.caCanada's Remembrance Day ceremonies mark 100-year anniversary of First World War armisticeGlobalnews.caWATCH: In this special Remembrance Day tribute, we look at key battles from the First World War in which Canadians were the secret weapon that helped the Allies win. X. - A A +. L.... More »
The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags - MarketWatch Dec 31st
The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags MarketWatchStreetwise newsletter: Best reads of the week and year The Globe and MailAphria wrestles with hostile takeover bid by Ohio-based company Windsor StarAphria says hostile.... More »
Why retirement planners are getting defensive + MORE Sep 30th
While working people may envy those at or near retirement, once you get there there’s a certain amount of anxiety over markets and the prospect of outliving your money should stocks and interest rates fail to cooperate.
Of course, those with guaranteed-for-life, taxpayer-backed, defined benefit.... More »
Toronto real estate prices entrepreneurs out of the market + MORE May 28th
Businesses find unexpected opportunities and room to expand in smaller towns in the Greater Golden Horseshoe
.... More »
Banking boss says firms preparing to leave UK before EU exit + MORE Oct 23rd
LONDON – The head of the British Bankers’ Association has warned that financial firms are planning to start leaving London within weeks because of uncertainty about the U.K.’s exit from the European Union.
Chief executive Anthony Browne said in an article published Sunday that bank.... More »
Struggling New Zealand coal miner Solid Energy posts big annual loss after deal to stay open
– canadianbusiness.com
WELLINGTON, New Zealand – New Zealand’s biggest coal miner announced a gaping loss Friday as it struggled against lower international coal prices and a strong local currency.
State-owned Solid Energy reported a loss of 335 million New Zealand dollars ($278 million) for the year ended June 30 after writing down assets and sacking hundreds of workers. Revenue was down 35 per cent to NZ$631 million and profit excluding one-time items was down 78 per cent to NZ$22 million.
A switch to low-cost natural gas by some U.S. utilities coupled with slower growth in China contributed to last year’s decline in coal prices. Solid Energy exports more than half its coal, much of which is used in steel production. The company’s revenue was also dented by a strong New Zealand dollar, which has been given buoyancy by a relatively healthy economy in the South Pacific nation of 4.5 million people.
Observers have also accused Solid Energy of overextending itself when coal prices were booming…
State-owned Solid Energy reported a loss of 335 million New Zealand dollars ($278 million) for the year ended June 30 after writing down assets and sacking hundreds of workers. Revenue was down 35 per cent to NZ$631 million and profit excluding one-time items was down 78 per cent to NZ$22 million.
A switch to low-cost natural gas by some U.S. utilities coupled with slower growth in China contributed to last year’s decline in coal prices. Solid Energy exports more than half its coal, much of which is used in steel production. The company’s revenue was also dented by a strong New Zealand dollar, which has been given buoyancy by a relatively healthy economy in the South Pacific nation of 4.5 million people.
Observers have also accused Solid Energy of overextending itself when coal prices were booming…
Social media company Twitter Inc. has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion US.
Analysts See A Cash Problem At BlackBerry
– blogs.wsj.com
Analysts at Sanford Bernstein told investors on Monday they didn’t need to be negative on BlackBerry anymore. On Thursday, they effectively advised them to sell the stock. The Wall Street Journal’s Corporate Intelligence blog looks at what happened in between.
A new BMO survey of high-net-worth Canadians finds a majority feel more financially secure now than before the 2008 financial downturn, a sign that the economic turmoil of the past five years seems to have bypassed the wealthy.
Rumoured BlackBerry suitor Cerberus has track record of big plays in Canada
– theglobeandmail.com
The private equity firm reported to have interest in BlackBerry often goes after distressed assets
