09 April

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Levi Strauss Earnings Beat in Q1; Shares Jump By Investing.com

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By Yasin Ebrahim Investing.com - Levi Strauss (NYSE:LEVI) reported Thursday first-quarter results that topped Wall Street expectations and fashioned an optimistic outlook for the second half of the year ahead of the reopening. Shares rose more than 4%. Fiscal first-half 2021 net revenue was guided in the range of 24% to 25% growth from a year earlier, while first-half adjusted EPS estimate was raised to a range of 41 cents to 42 cents. The company reported Q1 adjusted EPS of 34 cents on revenue of $1.3 billion, topping estimates of $0.23 and $1.25 billion respectively. Revenue,...

09 April

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Exclusive: GameStop’s strong stock performance triggered board director’s exit By Reuters

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By Svea Herbst-Bayliss (Reuters) - Hestia Capital Partners LP managing director Kurt Wolf joined GameStop Corp (NYSE:GME)'s board to make the U.S. video game retailer more valuable. Then it became too valuable for him to stay on. The hedge fund manager resigned his directorship this week because his investors fretted the bet on the company, which scored a paper gain of 3,500%, had become too large and risky, three people familiar with the matter said on Thursday. Giving up the board seat allows Wolf to sell GameStop shares for his investors without restrictions...

08 April

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IMF, World Bank to unveil ‘green debt swaps’ option by November, Georgieva says By Reuters

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By Andrea Shalal WASHINGTON (Reuters) - Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option for such instruments by November. IMF Managing Director Kristalina Georgieva said it made sense to address the dual climate and debt crises at the same time, and IMF members on Thursday had strongly backed the Fund taking a bigger role on the issue of climate risk. "When we are faced with this dual crisis - the debt pressures on...

08 April

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ECB sees scope for cutting bonds buys after second-quarter surge By Reuters

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FRANKFURT (Reuters) - European Central Bank policymakers at their meeting last month debated a smaller increase in bond purchases and agreed to front-load the buying this quarter on condition it could be cut later if conditions allow, the accounts of their meeting showed on Thursday. Worried that rising yields would derail an eventual recovery, policymakers in March decided to "significantly" increase bond purchases and undo some of the rise in borrowing costs, which was deemed a reflection of a global repricing rather than improved economic prospects. Monthly bond buys under the ECB's 1.85 trillion-euro Pandemic...

08 April

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Is it time to invest in Brazil? Franklin Templeton says ‘yes’ By Investing.com

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By Ana Carolina SiedschlagInvesting.com - Just like almost everybody else in the world, Brazil has been struggling to pace itself out of the pandemic. With rising numbers on daily deaths caused by Covid-19 and a public debt that skyrocketed during 2020, the biggest country in Latin America might not be the very first choice when it comes to international investors looking for safety.But these trying times appear to be shedding light in some not-so-hidden opportunities. In a country with a 210 million population that lacks from roads to ports and it’s experimenting on financial deepening and...

08 April

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S&P 500 Hits Fresh Record Highs as Bulls Stick With Tech After Yields Slip By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 continued its run of record highs Thursday as big tech racked up gains after selling in bonds pushed yields lower following weaker labor market data and dovish remarks from Federal Reserve Jerome Powell. The S&P 500 rose 0.4%, after hitting an intraday record high of 4,097.30, the Dow Jones Industrial Average rose 0.04%, or 12 points, and the Nasdaq Composite was up 0.97%. Chairman Powell, appearing during a virtual IMF panel discussion on Thursday, laid out the case for the central bank to keep its monetary spigot wide open,...

08 April

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Exclusive: Impossible Foods in talks to list on the stock market -sources By Reuters

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By Anirban Sen and Joshua Franklin (Reuters) - Impossible Foods Inc is preparing for a public listing which could value the U.S. plant-based burger maker at around $10 billion or more, according to people familiar with the matter. This would be substantially more than the $4 billion the company was worth in a private funding round in 2020. It would highlight growing demand for plant-based meat products, driven by environmental and ethical concerns among consumers. Impossible Foods is exploring going public through an initial public offering (IPO) in the next 12 months or a...

08 April

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Canada shares higher at close of trade; S&P/TSX Composite up 0.39% By Investing.com

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Investing.com – Canada equities were higher at the close on Thursday, as gains in the IT, Materials and REITs sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.39% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were New Gold Inc (TSX:NGD), which rose 10.28% or 0.220 points to trade at 2.360 at the close. Dye & Durham Ltd (TSX:DND) added 7.90% or 3.22 points to end at 44.00 and Fortuna Silver Mines Inc (TSX:FVI) was up 7.19% or...

08 April

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French drug company Servier to lodge appeal in weight-loss pill case By Reuters

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PARIS (Reuters) - French drugmaker Servier said on Thursday it will lodge an appeal against a Paris court's decision that found the company guilty of manslaughter and deception in the weight-loss pill Mediator case. The court has also fined the company 2.7 million euros ($3.21 million). ($1 = 0.8399 euros) ...

08 April

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Michelin looks to hydrogen power, medical devices to help drive growth By Reuters

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PARIS (Reuters) - France's Michelin (PA:MICP) plans to achieve revenue of around 34 billion euros ($41 billion) by 2030, versus 20.5 billion euro last year, by diversifying beyond its tyre-making heritage into new activities, including hydrogen power and medical devices. The firm said in a strategy presentation on Thursday that it anticipated revenue from its business making hydrogen power systems for vehicles would grow from a forecast 200 million euros in 2025 to 1.5 billion euros by the end of this decade. It said it was also targeting rapid growth in the new fields...

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News

Levi Strauss Earnings Beat in Q1; Shares Jump By Investing.com

Exclusive: GameStop’s strong stock performance triggered board director’s exit By Reuters

IMF, World Bank to unveil ‘green debt swaps’ option by November, Georgieva says By Reuters

ECB sees scope for cutting bonds buys after second-quarter surge By Reuters

Is it time to invest in Brazil? Franklin Templeton says ‘yes’ By Investing.com

S&P 500 Hits Fresh Record Highs as Bulls Stick With Tech After Yields Slip By Investing.com

Exclusive: Impossible Foods in talks to list on the stock market -sources By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.39% By Investing.com

French drug company Servier to lodge appeal in weight-loss pill case By Reuters

Michelin looks to hydrogen power, medical devices to help drive growth By Reuters

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