Monday, April 12, 2021

Financial Post

Financial Post

Frost damage to French sugar beet is worst ever – growers group

Posted: 12 Apr 2021 10:57 AM PDT

PARIS -- Successive cold snaps in the past week have destroyed between 30,000 and 50,000 hectares of French sugar beet, growers group CGB said on Monday, calling it the worst frost-related losses for the sector ever recorded. Read More

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

Posted: 12 Apr 2021 10:54 AM PDT

LONDON -- HSBC has banned customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc stock, a message seen by Reuters showed, calling it a "virtual currency product." Read More

Theratechnologies to Announce Financial Results for Its First Quarter Fiscal 2021

Posted: 12 Apr 2021 10:51 AM PDT

MONTREAL, April 12, 2021 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (TSX: TH) (NASDAQ: THTX) (Theratechnologies), a biopharmaceutical company focused on the development and commercialization of innovative therapies announced today that it will report its financial results for the first quarter of fiscal 2021 ended February 28, 2021 on Wednesday, April 14, 2021. Read More

Stocks slip from record highs before U.S. bank earnings

Posted: 12 Apr 2021 10:50 AM PDT

NEW YORK -- The dollar slipped on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums. Read More

Joe Biden’s regulators are quickly reversing Trump’s Wall Street-friendly rules

Posted: 12 Apr 2021 10:46 AM PDT

WASHINGTON — U.S. President Joe Biden's interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics. Read More

Air France-KLM seeks about 1 bln euros via share issue

Posted: 12 Apr 2021 10:39 AM PDT

PARIS -- Air France-KLM has launched a share issue to raise about 988 million euros ($1.2 billion) to strengthen its liquidity and finance its general needs in the context of the COVID-19 crisis, it said on Monday. Read More

Nvidia to Make Central Processing Units, Going After Intel

Posted: 12 Apr 2021 10:39 AM PDT

(Bloomberg) -- Nvidia Corp. said it's offering the company's first server microprocessors, extending a push into Intel Corp.'s most lucrative market with a chip aimed at handling the most complicated computing work. Intel shares fell about 4% and Nvidia stock gained on the news.The graphics chipmaker has designed a central processing unit, or CPU, based on technology from Arm Ltd., a company it's trying to acquire from Japan's SoftBank Group Corp. The Swiss National Supercomputing Centre and U.S. Department of Energy's Los Alamos National Laboratory will be the first to use the chips in their computers, Nvidia said Monday at an online event. Read More

Shake-up at Airbus as defense and technology chiefs quit

Posted: 12 Apr 2021 10:34 AM PDT

PARIS -- Airbus announced on Monday the biggest shake-up in its top ranks since Chief Executive Guillaume Faury took the helm two years ago, sparked by the departure of two key executives. Read More

Socialists vs Fujimori: Peru vote sets stage for polarized presidential run-off

Posted: 12 Apr 2021 10:31 AM PDT

LIMA -- Peru is set for a divisive presidential run-off between the Andean country's ascendant socialists, buoyed by voter discontent over the economy and pandemic, and the conservative heir of the powerful and polarizing Fujimori dynasty. Read More

Nvidia to directly challenge Intel with Arm-based ‘Grace’ server chip

Posted: 12 Apr 2021 10:30 AM PDT

Nvidia Corp on Monday said it plans to make a server processor chip based on technology from the United Kingdom's Arm Ltd, putting it in the most direct competition yet with rival Intel Corp and adding a layer of complexity to the antitrust review of Nvidia's $40 billion deal to buy Arm. Read More
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