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☆ TSX slides as investors brace for more Fed rate hikes
▼ + stars: | 2023-03-07 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

"We are seeing a pullback in risk assets as people start to discount the Fed keeping rates higher for longer," said Joseph Abramson, co-chief investment officer at Northland Wealth Management. The TSX has a 30% weighting in commodity-linked shares. The energy sector fell nearly 2% on Tuesday as oil settled 3.6% lower at $77.58 a barrel, while materials, which includes precious and base metals miners and fertilizer companies, was down 2.9%. Thomson Reuters Corp (TRI.TO) shares were a bright spot, rising 1.2%. Reporting by Fergal Smith; Additional reporting by Johann M Cherian in Bengaluru; Editing by Anil D'Silva and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Thirteen still missing after Cyclone Gabrielle in New Zealand
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Homes in the Esk Valley locality had "been unoccupied since the cyclone, but an additional 26 households evacuated yesterday", the agency said. New Zealand weather forecaster MetService said some of the heaviest rain was recorded in Auckland, with 155mm (6.1 inches) recorded there in the past 24 hours. The forecaster had a heavy rain warning in place on Saturday for large swaths of the North Island's east coast, including Hawke's Bay. "Heavy rain may cause streams and rivers to rise rapidly. It said it was also "closely monitoring" a tropical low near Fiji that could turn into a tropical cyclone next week.

☆ Why it's so hard to build new electrical transmission lines in the U.S.
▼ + stars: | 2023-02-21 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

Building new transmission lines in the U.S. takes so long — if they are built at all — that electrical transmission has become a roadblock for deploying clean energy. Energy companies that build new transmission lines need to get a return on their investment, explains James McCalley, an electrical engineering professor at Iowa State University. "Someone that benefits more frequent transmission line will pay more than someone who benefits less from a transmission line." transmission lines, energy grid, clean energyGreat River Energy and Minnesota Power are in the early stages of building a 150-mile, 345 kilovolt transmission line from northern to central Minnesota. Engaging with all members of the respective community is a necessary part of any successful transmission line build out, Patel and Johnson both say.

☆ New Zealand cancels flights as deluge from cyclone looms
▼ + stars: | 2023-02-12 | by ( ) www.cnbc.com time to read: +2 min

New Zealand Prime Minister Chris Hipkins (C) and Deputy Prime Minister Carmel Sepuloni (L) are briefed at Waka Kotahi Auckland Transport operations room ahead of Cyclone Gabrielle's arrival on February 12, 2023 in Auckland, New Zealand. New Zealand's national carrier canceled dozens of flights Sunday as Aucklanders braced for a deluge from Cyclone Gabrielle, two weeks after a record-breaking storm swamped the nation's largest city and killed four people. Air New Zealand said it was canceling all domestic flights to and from Auckland through midday Tuesday as well as many international flights. The carrier said some international routes would continue operating, although flights might need to be diverted from Auckland. "Please do take this seriously, we do expect severe weather is on the way," New Zealand Prime Minister Chris Hipkins told reporters.

That prompted the central bank to pause its most aggressive tightening cycle for now, becoming the first major central bank to do so. Traders have already bid up Canadian stocks and the Canadian dollar , dubbed a 'commodity currency', since the news of China reopening surfaced in December. Doug Porter, chief economist at BMO Capital Markets, said that for Canada, China's reopening is more a "clear-cut positive" than it would be for other countries with fewer commodities exports. The U.S. Federal Reserve, the European Central Bank and the Bank of England have since laid the groundwork for a pause as well. Karl Schamotta, chief market strategist at Corpay said China's reopening will help put a floor under global price levels, potentially offsetting demand destruction as economies slow.

☆ The worst of the rain to hit New Zealand's Auckland may have passed
▼ + stars: | 2023-01-31 | by ( Lucy Caymer | ) www.reuters.com time to read: +2 min

Four people were killed in flash floods and landslides that hit Auckland beginning on Friday as rainfall, that authorities say has been exacerbated at least in part by climate change, drenched the city. A state of emergency remains in place in Auckland but has been lifted in the Northland region to the north of the city. A house collapsed down a cliff injuring three people in a beach settlement near Auckland on Wednesday. The national meteorological service said the heaviest rains had passed Auckland although downpours were hitting to the southeast, in the regions of Coromandel and Bay of Plenty. Summers in New Zealand usually bring some rain but the region is experiencing the La Nina weather system, which can bring much heavier rain to the upper North Island.

☆ Mexico economy minister meets with Canadian energy firms
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Jan 23 (Reuters) - Mexican Economy Minister Raquel Buenrosto met with Canadian energy firms to follow up on agreements made at a meeting with President Andres Manuel Lopez Obrador, the ministry said Monday. Buenrostro will meet with the firms again next month to discuss progress made on the agreements, the ministry said on Twitter. A Mexican official told Reuters last week a "framework" for each of the companies' problems with Mexico's energy sector had been agreed upon. A spokesperson for Mexico's economy ministry could not immediately confirm whether the four companies were those present at the meeting with Buenrostro. The United States and Canada last year initiated dispute settlement proceedings against Mexico's push to prioritize state-run energy companies under a regional trade pact.

☆ TSX futures edge higher as investors eye China reopening
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +1 min

Dec 28 (Reuters) - Futures for Canada's main stock index edged up on Wednesday as investors returned from a long holiday weekend to global optimism over China moving towards reopening its economy. Futures on the S&P/TSX index were up 0.2% at 6:53 a.m. On the flip side, concerns remained that rising COVID cases could disrupt its economic recovery, pushing down prices of oil , . Copper prices hit two-week peak, while gold eased from the six-month high hit in the previous session as the dollar regained strength. Canadian equity markets will resume trading for the first time this week, following Christmas and Boxing Day holidays.

☆ Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers
▼ + stars: | 2022-12-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Heading into 2023, the outlook for the server market is murky, especially in the early part of the year. He said tech companies can move faster with Supermicro servers and are willing to pay for execution and the company's design skills. Another specialized market Supermicro is targeting is servers for 5G or telecom applications, using a new kind of approach called OpenRAN. Supermicro said in November that a big unnamed customer was responsible for nearly 22% of the company's sales in the quarter. Intel and AMD have issued downbeat prospects for the server market, and companies of all sizes are cutting costs.

Minnesota regulators have sued a marijuana edibles company, alleging it was selling products 50-times more powerful than what the state permits. State law limits THC-based products to five milligrams per serving or 50 milligrams per package. The FDA has not determined whether the products caused the adverse events, the Minnesota regulators said. The regulators said they were also asking the court to prevent Northland from continuing to manufacture and sell edible cannabinoid products that violate state law. This is the first time it has gone to court to stop products from being sold, the station reported.

☆ Toronto market seen higher if economic downturn not too severe: Reuters poll
▼ + stars: | 2022-11-29 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

"If the downturn doesn't prove to be severe, equity markets could stabilize even as economic data and earnings underwhelm," said Angelo Kourkafas, an investment strategist at Edward Jones in St. Louis, Missouri. Canada's economy is likely to be particularly sensitive to higher rates after households borrowed heavily during the pandemic to participate in a red-hot housing market. "While corporate earnings will likely continue to decline for many industries, we see continued growth in earnings across most commodities," said Arthur Salzer, chief executive officer of Northland Wealth Management. Adding to investor enthusiasm, the TSX last Wednesday closed above the 200-day moving average for the first time since May 4. (Other stories from the Reuters global stock markets poll package:)Reporting by Fergal Smith; polling by Susobhan Sarkar and Sarupya GangulyOur Standards: The Thomson Reuters Trust Principles.

☆ Chinese Developer Sells L.A. Luxury Tower at Steep Discount
▼ + stars: | 2022-11-09 | by ( Will Parker | ) www.wsj.com time to read: 1 min

The much higher asking price 18 months ago for the downtown Los Angeles apartment building was less than Greenland’s development costs. A major Chinese developer on Tuesday disposed of the tallest rental apartment tower in downtown Los Angeles at a steep loss, the latest in a recent wave of Chinese investors unloading prized U.S. real-estate assets. The U.S. subsidiary of China’s Greenland Holding Group sold the 59-story apartment skyscraper for $504 million, according to the buyer, privately held apartment owner Northland.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Southwest, Uber, Roku, Home Depot, AMD & more
▼ + stars: | 2022-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS downgrades Caterpillar to neutral from buy UBS said in its downgrade of Caterpillar that it sees a more "balanced risk/reward." Morgan Stanley upgrades Pure Storage to overweight from equal weight Morgan Stanley said in its upgrade of the data flash storage company that it sees "share gains and growing value proposition." Morgan Stanley reiterates Southwest as a top pick Morgan Stanley says it has "solid confidence" in shares of Southwest. Morgan Stanley reiterates Charles Schwab as a top pick Morgan Stanley says it's standing by the stock despite shares underperforming. Oppenheimer reiterates Uber as outperform Oppenheimer says Uber shares have a "compelling value proposition" ahead of earnings on Tuesday.

☆ This solar power stock could double as more people install panels, Northland says
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Solar energy company Sunrun could see its share price double as it grows is residential business, according to Northland Capital Markets. Analyst Abhishek Sinha initiated Sunrun at a $60 price target, which would be a nearly 100% jump from its current price of $30.24. Sinha said the company stands to gain as the residential solar market grows 10% to 15% each year in 2022 and 2023 despite headwinds. "We believe this is just the very beginning of a secular bull market thesis as residential solar should become more widely prevalent greatly benefiting companies like RUN," Sinha said in a note to clients. Sinha cited data from Wood Mackenzie showing solar deployment should increase by 40% over the next few years, further bolstering the expectation of increasing demand .

☆ Возобновляются матчи первого круга чемпионата ПМР по мини-футболу
▼ + stars: | 2021-05-14 | by ( ) novostipmr.com time to read: +1 min

В эти выходные после пасхальной паузы возобновляются матчи первого круга чемпионата Приднестровья по мини-футболу. Как напоминает пресс-служба Минобороны ПМР, в пятом туре армейцы одержали победу над ФК «Тирас» и с 11-ю очками замыкают тройку лидеров «Лиги В». «Мы усиленно готовились к старту сезона, потому что в год 30-летия Вооруженных сил команда нацелена на победу в чемпионате. Терять очки не имеем права», – отметил один из игроков футбольной команды. Прямую трансляцию можно будет посмотреть на сайте Лиги мини-футбола Приднестровья.

Organizations: Lions, скаармеец, Минобороны, ФК «Тирас», Лига В, ФК «СКААрмеец», Вооруженные силы, Лига А, ФК, Лига минифутбола Locations: –, Northland, Тирасполь, Приднестровье, ПМР

☆ Баскетбольная команда СДЮШОР № 2 в шестой раз стала чемпионом Приднестровья
▼ + stars: | 2021-04-16 | by ( ) novostipmr.com time to read: +1 min

В минувшие выходные завершился шестой чемпионат ПМР по баскетболу среди мужских команд. Второе место во главе с играющим тренером Сергеем Мякининым заняла баскетбольная команда «Суклейская ДЮСШ». В острой борьбе за третье место по личным встречам преимущество получила команда «Красная Звезда», оставив рыбницкий клуб «Northland» на четвёртом месте, пишет Госслужба по спорту ПМР. Победителей и призёров чемпионата наградили кубками, медалями и почетными дипломами. Следующий чемпионат ПМР по баскетболу планируют начать осенью.

Persons: Сергей Мякинин, Дмитрий Фаустов, Вадим Бычков, Анатолий Сапунец Organizations: СДЮШОР, Суклейская ДЮСШ, Красная Звезда, Госслужба по спорту Locations: Northland, Тирасполь, Приднестровье, ПМР, Бендеры, Днестровск

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