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Q3 2019 Dorel Industries Inc Earnings Call...
Russian internet giant Yandex was given the green light to pursue planned changes to its governance structure, after President Vladimir Putin signed a law late on Tuesday concerning the management of Russian offshore companies. Yandex, which provides a raft of online services including taxi-hailing and the main Russian-language search engine, proposed a corporate governance revamp last week to assuage Kremlin fears over potential foreign influence. The new structure will include a public interest foundation (PIF) run by a board of 11 Russian nationals with the power to block a single entity accumulating a 10% or more stake in Yandex, either in terms of ownership or voting rights....
EUR/USD has fallen into a range in the early week just above the psychological 1.1000 level. With the Thanksgiving holiday coming up, a sustained break appears unlikely....
(Bloomberg) -- U.S. rules that determine who can invest in hedge funds and private equity are poised to get their most sweeping overhaul in years, though it’s unclear how much the changes will expand the pool of potential clients. In the coming weeks, the Securities and Exchange Commission will likely unveil a plan for updating the accredited investor standard, a bedrock that lays out the criteria for investing in riskier -- and potentially more lucrative -- private funds, said two people familiar with the matter.The proposed changes could make individuals automatically eligible if they work in certain roles in finance, said the people who asked not to be named because the tweaks haven’t been made public. But in some instances, it might get harder to invest, as the SEC is considering adjusting for inflation qualifications based on income and net worth, the people said.The revamp may not go as far as...
DUBAI/ABU DHABI (Reuters) - Abu Dhabi Investment Authority (ADIA) is weighing an investment of at least $1 billion in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi Arabian and Gulf investors to raise up to $25.6 billion, five sources familiar with the matter said. A final decision on the amount has yet to be taken and would need approval from ADIA's board of directors, one of the sources said. ADIA, estimated to have assets of nearly $700 billion, is chaired by the president of the United Arab Emirates, Sheikh Khalifa bin Zayed al-Nahyan, while its deputy chairman is Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan....
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Activist investor Elliott Management Corp. said that Capgemini SE’s offer for Altran Technologies SA is inadequate and called the sales process flawed.Elliott, which has built up a position of more than 10% in Altran, believes that a fair value for the company is more than 20 euros a share, based on analysts’ estimates for the company’s future earnings, it said in a statement on Wednesday. The firm had said in a filing last month that Capgemini’s current offer of 14-euros-a-share, or 3.6 billion euros ($4 billion) excluding debt, undervalues the company.Altran shares rose 0.4% to 14.07 euros at 9:31 a.m. in Paris.The stock’s gained about 23% since Capgemini’s offer in June.Capgemini’s incoming CEO Aiman Ezzat said at the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona this month that the company’s...
The safety of vaping has been in the spotlight, with U.S. health officials reporting more than 2,000 cases of vaping-related lung illness and 47 deaths linked to its use in the country, leading to tighter regulatory scrutiny and individual state bans. This has led to a drop in demand for the devices, pushing the company to forecast revenue growth in its new categories business that sells e-cigarettes, tobacco heating products and oral products - to be at the low end of its 30-50% target. It had previously anticipated revenue growth in the middle of that range....
