Browsing: Markets

Renewed Support Called For Hong Kong Bourse

(RTTNews) – The Hong Kong stock market moved lower again on Thursday, one day after snapping the two-day slide in which it had plummeted more than 740 points or 3 percent. The Hang Seng Index now rests just above the 23,310-point plateau although it’s expected to bounce higher again on Friday. The global forecast for the Asian markets is cautiously optimistic, with rising oil prices warring against rising pandemic numbers. The European markets were down and the U.S. markets were up and the Asian bourses are expected to follow the latter lead. The Hang Seng finished sharply lower on Thursday following losses from the financial shares and oil and insurance companies. For the day, the index plunged 431.44 points or 1.83 percent to finish at 23,311.07 after trading between 23,225.33 and 23,590.42. Among the actives, WuXi Biologics plummeted 5.01 percent, while Xiaomi plunged 4.84 percent, CNOOC tanked 3.59 percent, AAC technologies tumbled 3.44 percent, China Life Insurance skidded 3.15 percent, BOC Hong Kong retreated 2.39 percent, Alibaba declined 2.25 percent, China Petroleum and Chemical (Sinopec) surrendered 2.22 percent, Industrial and Commercial Bank of China sank 2.19 percent, CITIC dropped 2.02 percent, Sands China shed 1.94 percent, China Mobile lost 1.87

Kathy Baig re-elected President of the Ordre des ingénieurs du Québec

MONTREAL, Sept. 24, 2020 /CNW Telbec/ – Engineer Kathy Baig was re-elected President by the 100th Board of Directors of the Ordre des ingénieurs du Québec (OIQ), which met today for the first time. This will be the third and final two-year term for Ms. Baig, who has been an OIQ Board member since 2013 and its President since 2016. Ms. Baig is the fourth woman to hold this position since the OIQ’s inception in 1920. “It is an honour and a privilege to be able to continue the work we have accomplished in the last four years with members and stakeholders of the profession. Thanks to our combined efforts, public trust in the OIQ and Quebec engineers is higher than ever before. But we can go even further and it is in this spirit that I begin my new term,” stated OIQ President Kathy Baig, Eng., FEC, MBA. Earlier in the day, at the Annual General Meeting (AGM) of members, the President of the OIQ presented the highlights of the OIQ’s achievements in the last year. These highlights are discussed in the 2019–2020 Annual Report. Setting the course for 2025 At the AGM, Ms. Baig also outlined the 20-25

Transformative Hollywood Center Project to Generate Vital Jobs for Greater Los Angeles

LOS ANGELES, Sept. 24, 2020 /PRNewswire/ — A collection of prominent business and labor leaders have come together to announce their support of the proposed Hollywood Center project at Hollywood and Vine.  Citing the far-reaching economic benefits that the mixed-use development will provide for Hollywood and the City of Los Angeles and highlighting the project’s market-rate and affordable housing options, members of the business and labor communities forcefully expressed their endorsement of the LEED Gold certified project, which is estimated to exceed a $1 billion impact locally. Poised to positively impact the community in a sustainable and endurable way, Hollywood Center will create 7,452 total full-time and part-time jobs within the City of Los Angeles, of which 4,284 will be during construction of the project. “With unemployment in the LA region potentially approaching 25 percent, these additional jobs for our community are vital and will make a meaningful difference for thousands of Angelenos currently out of work,” said William C. Allen, chief executive officer of the Los Angeles Economic Development Corporation. “Overall, the Hollywood Center is an exemplary project. As a triple bottom-line organization, the LAEDC believes that the elements of equity, environment, and economy are all met by this project.”

Updated Food Recall Warning – Certain Manila clams may be unsafe due to a marine biotoxin which causes Paralytic Shellfish Poisoning (PSP)

OTTAWA, ON, Sept. 24, 2020 /CNW/ – The food recall warning issued on September 22, 2020 has been updated to include additional distribution information. This additional information was identified during the Canadian Food Inspection Agency’s (CFIA) food safety investigation. Evergreen International Foodstuffs Ltd. is recalling certain Manila clams from the marketplace due to a marine biotoxin which causes PSP. Consumers should not consume the recalled product described below. These Manila clams may also have been sold in bulk or in smaller packages with or without a label and may not bear the same brand, product name, or code as described below. The following product has been sold in British Columbia, Alberta, and Ontario, and may have been distributed in other provinces and territories. Recalled product Brand Product Size Code Evergreen Int’l Foodstuffs Ltd. Manila clams 25 lb. Harvest Date: Sep 16, 2020 Processing Date: Sep 17, 2020 Harvest Location: B.C. 17-20 Lot# 21057 What you should do Check to see if you have the recalled product in your home. Recalled products should be thrown out or returned to the store where they were purchased. If you

Markets Q2 Loss Widens

(RTTNews) – Group Limited (TCOM) reported second-quarter net loss of RMB476 million or RMB0.80 per ADS, compared to RMB403 million or RMB0.73 per ADS last year. Adjusted losses per ADS for the quarter were RMB1.93 or $0.27. Second-quarter revenues dropped to RMB3.16 billion from RMB8.70 billion last year. On US Dollar basis, revenues were $448 million for the quarter. Analysts polled by Thomson Reuters expected a loss of $0.46 per share on revenues of $343.11 million.

NCLA Asks Full Fifth Circuit to Rehear Case Concerning Unlawful SEC Administrative Proceedings

Washington, D.C., Sept. 24, 2020 (GLOBE NEWSWIRE) — The New Civil Liberties Alliance, a nonpartisan, nonprofit civil rights group, today filed a petition for rehearing en banc in the U.S. Court of Appeals for the Fifth Circuit in the case of Michelle Cochran v. U.S. Securities and Exchange Commission. NCLA’s client, Michelle Cochran, is contesting last month’s 2-1 panel decision that erroneously dismissed her case based on a purported lack of subject-matter jurisdiction. Ms. Cochran wants to challenge the unconstitutional protections from removal by the President enjoyed by Administrative Law Judges (ALJs) at the Securities and Exchange Commission (SEC). Instead, the panel decision would deny her the immediate opportunity to have her constitutional claim heard by a real Article III federal judge. The ALJ would not be able to rule on her constitutional claim, so it makes no sense to deny her access to a judge competent to decide the validity of her claims. Forcing her to go through a second unconstitutional SEC hearing before she can raise her constitutional objections is illogical. Ms. Cochran argues that these ALJs enjoy multiple layers of protection from removal by the President of the United States. Currently, ALJs can only be removed for

Costco Wholesale Q4 Profit Rises

(RTTNews) – Costco Wholesale (COST) Thursday reported fourth-quarter profit of $1.389 billion or $3.13 per share, up from $1.097 billion or $2.47 per share last year. Total revenues for the quarter increased to $53.38 billion from $47.50 billion last year. Comparable sales rose 11.4% for the quarter. Analysts polled by Thomson Reuters expected earnings of $2.83 per share on revenues of $52.08 billion.

Celerion Achieves Reaccreditation for Its Protection of Participants in Clinical Research.

LINCOLN, Nebraska, Sept. 24, 2020 /PRNewswire/ — Clinical research organization Celerion today announced its successful reaccreditation by the Association for the Accreditation of Human Research Protection Programs (AAHRPP). To earn reaccreditation company personnel participated in a rigorous examination of clinical research practices at its facilities. All prior site visits have likewise resulted in AAHRPP accreditation. “As the sole contract research organization (CRO) receiving this accreditation from AAHRPP, Celerion continues to position itself among those at the forefront of superior ethical and safety standards in clinical research,” says Philip Bach, the company’s Vice President of Global Clinical Research.   “It is especially rewarding to accomplish this in the middle of a singular pandemic and its uniquely demanding schedule,” he adds. “Additionally, we are pleased that AAHRPP was complimentary of our recruitment and promotion practices during this period where informed consent of clinical trial participants is of utmost importance.” AAHRPP periodically assesses the quality of human research protection programs at participating research organizations to better promote ethically sound research, ensuring that all human research participants are respected and are protected from unnecessary harm. Organizations applying for accreditation or reaccreditation must demonstrate thorough policies, procedures and practices and their ongoing commitment to ensuring human

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