January 15, 2021
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Couche-Tard’s bid for Carrefour gets ‘a clear and final no’ from French finance minister
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Couche-Tard’s bid for Carrefour gets ‘a clear and final no’

admin January 15, 2021

Finance Minister Bruno Le Maire expressed France’s stiff opposition to a possible near-US$20 billion (C$25 billion) takeover of Carrefour by Canada’s Alimentation Couche-Tard on Friday, driving the French retailer’s shares down by 4.5 per cent.“Food security is strategic for our country so that’s why we don’t sell a big French retailer,” Le Maire told BFM TV. “My answer is extremely clear: we are not in favour of the deal. The no is polite but it’s a clear and final no,” he said. Carrefour, which acknowledged Couche-Tard’s approach to discuss a combination on Wednesday, Read More

The Electric-Vehicle Company That Charged Too Early
PAID World Markets

The Electric-Vehicle Company That Charged Too Early

admin January 14, 2021

Renault CEO Luca de Meo wants to turn the page on the relentless pursuit of sales and scale. Photo: joel saget/Agence France-Presse/Getty Images In the U.S., Tesla has sold more electric vehicles than any other car maker. In the much larger European EV market, that prize still goes to the Renault-Nissan-Mitsubishi alliance, but Volkswagen outsold […]Read More

Joe Biden set to unveil stimulus plan to jump-start U.S. economy
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Joe Biden set to unveil stimulus plan to jump-start U.S.

admin January 14, 2021

President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed US$1.5 trillion and help minority communities.Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that pledge into action with an influx of resources for the coronavirus vaccine rollout and economic recovery. Read more: Some of the 10K National Guard troops at Biden’s inauguration will be armed: officials The incoming administration will work with Congress on the quick Read More

France opposes Couche-Tard’s $25B Carrefour bid citing food security
Alimentation Couche-Tard Bruno Le Marie Canada Carrefour Couche-tard Couche-Tard Carrefour merger Couche-Tard takeover Couche-Tard takeover bid Food Security France French finance minister Money World World Markets

France opposes Couche-Tard’s $25B Carrefour bid citing food security

admin January 14, 2021

France’s Finance Minister on Thursday said any takeover of French retailer Carrefour by a foreign company would be a “major difficulty,” as the government wants to preserve the country’s food security and sovereignty.Canadian convenience-store operator Alimentation Couche-Tard’s near $25 billion takeover approach for Carrefour – continental Europe’s largest retailer – has also raised French government concerns about job security at one of the country’s largest employers. READ MORE: Couche-Tard confirms merger talks with French grocery giant Carrefour “Having Carrefour being bought by a foreign company would be a major difficulty for all of us,” Bruno Le Maire Read More

Tesla, Intel, BlackRock: What to Watch When the Stock Market Opens Today
PAID World Markets

Tesla, Intel, BlackRock: What to Watch When the Stock Market

admin January 14, 2021

Here’s what we’re watching ahead of Thursday’s opening bell. —S&P 500 futures gained 0.1%, potentially extending Wednesday’s advance, which lifted the index to its second-highest level in history. Futures linked to the Dow Jones Industrial Average added 0.3%. Read our full market wrap here. What’s Coming Up —President-elect Joe Biden is due to give a […]Read More

CERB repayment: What are your options if you can’t afford it?
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CERB repayment: What are your options if you can’t afford

admin January 14, 2021

The federal government has no plans to forgive CERB debt for ineligible recipients despite acknowledging it provided incorrect information about some of the qualifying criteria for the emergency benefit for a few weeks after its initial rollout.In recent communication with the media, Employment Minister Carla Qualtrough confirmed the Trudeau government is not considering the option of letting all applicants who made honest mistakes off the hook. READ MORE: Received CERB payments? Watch your mailbox for T4A tax slips from the CRA This means if you received the CERB but turned out not to be eligible for it, you’Read More

Investors Find Value in Low-Rated Loans
PAID World Markets

Investors Find Value in Low-Rated Loans

admin January 14, 2021

The Federal Reserve building in Washington. Because interest rates on leveraged loans move in lockstep with the benchmark rate, they would become more appealing if the Fed pushes rates higher. Photo: Patrick Semansky/Associated Press Investors wary of lofty stock valuations and falling bond prices are turning to an unexpected haven: corporate loans with junk credit […]Read More

Stocks in Europe Edge Higher
PAID World Markets

Stocks in Europe Edge Higher

admin January 14, 2021

In Europe, the Stoxx Europe 600 climbed 0.4% in morning trade. Industrials and energy sectors led gains while communication services and information technology sectors lost ground. Shares in Capita rose 3.5% and Rotork added 2.8%. The Sage Group slipped 2.3%, posting its fourth consecutive session of declines. The U.K.’s FTSE 100, which is dominated by […]Read More

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