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[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

☆ VIEW Bank of Canada surprises with smaller-than-expected interest rate increase
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +5 min

The central bank, in a regular decision, increased its policy rate to 3.75% from 3.25% and has now lifted rates by 350-bp since March. JIMMY JEAN, CHIEF ECONOMIST, DESJARDINS GROUP"It's surprising to see the Bank of Canada going against market and consensus expectations on the dovish side. But I think it says that they're now moving to that place where they're going to acknowledge the impact that they're already seeing. I think it was a close call between 50 and 75 (bps rate hike). Clearly, the Bank of Canada believes it's getting close to the so called terminal rate and I think they wanted to leave a few more options open."

☆ Chipmaker TI forecasts dour fourth-quarter estimates on slowing demand
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Chipmaker Texas Instruments Inc (TXN.O) on Tuesday forecast quarterly revenue and profit below estimates, anticipating slowing orders as consumer electronics makers and retailers grapple with bloated inventory, sending its shares down 5%. Hit by red-hot inflation, consumers have pulled back on non-discretionary spending including on personal electronics, which has left businesses, stocking up ahead of the holiday season, with piled up inventories. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI Chief Executive Officer Rich Templeton. The company forecast fourth-quarter revenue in the range of $4.40 billion to $4.80 billion, compared with estimates of $4.93 billion, per Refinitiv data. It forecast profit between $1.83 and $2.11, below estimates of $2.21.

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. JPMorgan and Goldman Sachs made nearly $77 million and $42 million respectively in investment banking fees in Saudi Arabia last year, Refinitiv data showed. "For the most part, I do not see U.S. companies actively avoiding Saudi Arabia due to recent political tensions," said Adel Hamaizia, managing director at Highbridge Advisory and a visiting fellow at Harvard University. FDI FLATForeign direct investment still lags behind targets, though there has been movement in new sectors as the kingdom opens up. As Boeing netted an $80 million defence contract last year, Fedex announced a $400 million 10-year investment plan in the country, the Arab world's biggest economy.

☆ Saudi Arabia sells $5 bln in first bond deal in almost a year
▼ + stars: | 2022-10-18 | by ( Yousef Saba | ) www.reuters.com time to read: +3 min

DUBAI, Oct 18 (Reuters) - Saudi Arabia sold on Tuesday $5 billion in Islamic and conventional bonds for which demand topped $26.5 billion as it held its first international bond sale in almost a year. "Saudi is a fairly logical substitute for Russia and its weight in indices such as the JPMGBI (JPMorgan Government Bond Index) has been growing." Saudi Arabia's finance ministry on Tuesday also invited holders of its $3 billion bonds due in 2023, $4.5 billion notes due in April 2025, $2.5 billion bonds due in October 2025 and $5.5 billion notes maturing in 2026 to tender them for cash. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, raised $3 billion with green bonds in its debt markets debut earlier this month. Saudi Arabia raised $3.25 billion in bonds in November via sukuk and bonds, after issuing bonds worth 1.5 billion euros in February and $5 billion in January last year.

☆ What BNY Mellon’s digital asset custody launch means for the crypto market
▼ + stars: | 2022-10-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The crypto industry this week cleared a massive hurdle for attracting big investors after BNY Mellon said it's officially holding crypto assets in its custody for institutions. If the current market and regulatory environment weren't so bad, a wave of new investors might now be flooding into the crypto market. In the past month, Nasdaq has launched crypto custody for institutions and Franklin Templeton, Betterment, Société Générale and other wealth managers have made forays into crypto. Even though for many others, bitcoin has become a "boring" macro-driven asset with little utility, BNY Mellon clients have been looking beyond crypto's speculative nature. "You've got crypto assets, digital cash, stablecoins and then you have tokenized assets.

☆ Bitcoin holds steady at $19,000 amid growing signs of institutional adoption
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin on Tuesday floated at the $19,000 level, where it has remained for about a month with some momentary breaks. The largest cryptocurrency by market cap, whose volatility has been uncharacteristically low in recent weeks, was last lower by 0.7% at $19,074.31, according to Coin Metrics. Crypto prices remain depressed, with bitcoin off its all-time high from nearly a year ago by more than 70%. Though recent bitcoin volatility is low compared with stocks, the correlation between the two is still high. Prices held steady even after two big announcements signaling that institutional acceptance and adoption of crypto continues to build in spite of the bear market.

☆ This environment is 'absolutely fertile ground' for active management, says Franklin Templeton
▼ + stars: | 2022-09-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis environment is 'absolutely fertile ground' for active management, says Franklin TempletonJenny Johnson of the investment management firm says "where active management struggles, is what we've had — a decade of governments printing money."

☆ Profitability matters more today than in years past, says Franklin Templeton's Mike LaBella
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProfitability matters more today than in years past, says Franklin Templeton's Mike LaBellaMike LaBella, senior portfolio manager at Franklin Templeton Investment Solutions, joins 'Power Lunch' to suggest good plays for equity investments in a volatile market, emphasizing the value of staple goods and utilities.

☆ 'Central Park Karen' Amy Cooper loses discrimination and defamation lawsuit claiming former employer unfairly fired her after viral incident
▼ + stars: | 2022-09-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amy Cooper sued Franklin Templeton in May 2021 after the company fired her over her viral Central Park incident. Cooper said the company engaged in race and gender discrimination in terminating her days after she called 911 on Black man. A judge found there was no evidence of discrimination or defamation against Cooper in Wednesday's ruling. Amy Cooper sued Franklin Templeton in May 2021 after the investment firm fired her over a 2020 incident in which Cooper called 911 on Christian Cooper, a Black man bird watching in New York City's Central Park. The viral encounter occurred May 25, 2020 when Cooper recorded Amy Cooper calling the police during an argument in Central Park.

☆ White woman who called 911 on Black bird-watcher in Central Park loses her lawsuit against her former employer
▼ + stars: | 2022-09-22 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +3 min

Amy Cooper later told NBC New York that she had overreacted and was sorry for the incident. The following day, Franklin Templeton tweeted out that it had terminated Amy Cooper’s employment. Lawyers for Amy Cooper did not immediately respond to an overnight request for comment from NBC News. Franklin Templeton also did not immediately respond to an overnight request for comment. Manhattan prosecutors charged Amy Cooper in July 2020 with filing a false police report, which is a misdemeanor, but the charge was dropped months later after she completed therapy.

REUTERS/Chip EastCompanies Franklin Resources Inc FollowNEW YORK, Sept 21 (Reuters) - The white woman who falsely told police she was threatened by a Black bird-watcher in New York City's Central Park has lost a lawsuit accusing her former employer Franklin Templeton of illegally firing her and portraying her as racist. Franklin Templeton, part of San Mateo, California-based Franklin Resources Inc (BEN.N), said it "responded appropriately" to the incident and was pleased with the dismissal. Franklin Templeton fired Amy Cooper the next day, and she was branded on social media as "Central Park Karen," incorporating a pejorative for an entitled white woman. Cooper argued that the defendants' statements implied that Franklin Templeton had uncovered details about her alleged racism not evident from the video, but the judge disagreed. The case is Cooper v Franklin Templeton et al, U.S. District Court, Southern District of New York, No.

☆ BlackRock bought a money manager to expand in private credit. Insiders say the deal has now led to an exodus of frustrated employees.
▼ + stars: | 2022-09-21 | by ( Danielle Walker | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

After BlackRock acquired private credit firm Tennenbaum Capital Partners, more than a dozen employees left the small investment team. Former BlackRock employees say underwhelming pay and unfulfilled promises that the team could raise its own special situations fund led to widespread frustration and departures. The departures come as BlackRock aims to compete more aggressively in private credit, a key part of its high-priority alternatives push. Still, in recent years management has made it clear that its private investment capabilities need to be an important engine of growth. "It's not to say that the private credit market is easy to manage talent.

Purcari Winovation Lab este un laborator de cercetări și inovații în domeniul enologic, lansat la început de 2019. Compania Purcari a întrunit un grup de 25 de experți și oameni de știință, de rang internațional, pentru a încuraja piața europeană spre a adopta unele inovații tehnice și în industria vinului. Prima invenție a laboratorului este Chromo™ Wine, care va apărea pe rafturile magazinelor începând cu luna mai. Rezultatul este un hibrid delicat, suav, fructuos și prietenos cu toată lumea care-l încearcă, ce redă ambele culori cu care ne-am obișnuit: și alb, și roșu! Link video: https://www.facebook.com/watch/?v=2635583876483266DESPRE GRUPUL PURCARIPurcari Wineries Plc (brandurile Purcari, Crama Ceptura, Bostavan și Bardar) este unul dintre cele mai mari grupuri de vinuri și brandy din Europa Centrală și de Est.

Persons: tejghea, Simplu, Magic, Victor Bostan, Franklin Templeton, . Organizations: Compania Purcari, Plc, Valori, Horizon Capital, Capital, IFC Locations: Winovation Lab, PURCARI Purcari, Europa Centrală, Est, România, Moldova, Purcari, Londra, Valori Bucuresti, businessul, SEB

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