CP earnings call for the period ending September 30, 2020.
The Japanese government is preparing to pause its domestic travel campaign in two cities following sharp rises in COVID-19 cases, the minister handling the government's coronavirus response said on Tuesday. The move would be a blow to Prime Minister Yoshihide Suga's aim to use the Go To Travel campaign to prop up regional economies, while critics said the programme risked spreading the infection from major cities to the countryside. Economy Minister Yasutoshi Nishimura said he hoped a final decision on the temporary exclusion of the cities of Osaka and Sapporo from the programme could be made later in the day.
Report says universities "perpetuate institutional racism" and calls on governing bodies to make meaningful change.
(Bloomberg) -- The much-awaited rally 2.0 in emerging-market stocks may already be under way.Investors’ risk appetite got a boost after Joe Biden’s U.S. presidential win and successes in vaccine development, pushing the benchmark MSCI gauge toward its best month since March 2016. The emerging-market equity rebound since the coronavirus rout in March is now worth $8.3 trillion, meaning more shareholder wealth has been added in the past eight months than in the two-year rally beginning 2016.When the earlier advance was halted by U.S.-China trade tensions in January 2018, most money managers called it an interruption rather than the end of the rotation into emerging markets. They predicted the second leg of that rally would start once trade tensions subsided. Now, signs are that’s exactly what’s happening, albeit after a few months’ delay because of the pandemic.Investors from BofA Securities to Renaissance Capital echo that view. A BofA survey this month among money managers overseeing $526 billion found that emerging markets were their most preferred destination. Investors should “buy anything and everything” in emerging and frontier markets next year as the most beaten-down asset classes may bounce back the quickest, RenCap’s London-based Chief Economist Charles Robertson and Analyst Vikram Lopez wrote.The Rally in Four ChartsDeveloping-nation equities have added $8.32 trillion since a low in March, compared with $8.27 trillion between January 2016 and January 2018.The MSCI Emerging Markets has risen to the highest level since March relative to the S&P 500, cementing its outpeformance over U.S. stocks.Analysts have upgraded their consensus earnings estimate for the MSCI gauge for an 11th successive week, the most sustained increases since February 2018.Despite their third successive quarter of gains, emerging-market stocks remain cheap in relative terms. The MSCI gauge trades at a valuation discount of 31% to the S&P 500, compared with its lifetime average of 25%.Similarly, the relative strength index on the MSCI gauge’s monthly chart is under 64, far below the 70 level that would mark its “overbought” level. In the meltdowns that coincided with the global financial crisis and the start of the U.S.-China trade war, the stocks index didn’t enter a declining phase until the monthly RSI overshot 70 by a wide margin.Both those factors suggest there’s enough momentum and value in emerging-market stocks to carry the current risk-on move well into 2021.“You have an accommodative global policy backdrop buoying liquidity which is supportive for emerging markets,” said Edward Evans, an equities manager at Ashmore Group Plc in London. “Valuations are reasonable and supported by positive earnings inflection resulting in emerging markets looking like a more attractive place to invest.”(Adds investor comment in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The IAG share price (LON: IAG) has easily beaten the FTSE 100 in November. Will planes be filling the skies soon, or is there more pain to come? The post Why has the IAG share price climbed 85% in November? And what will I do now? appeared first on The Motley Fool UK.
Find all the latest Cricut deals for Black Friday, together with Cricut Explore Air 2 Everything bundle savings. Links to the top deals
Poland will wait to see how the political and legal situation develops in the United States before recognising Joe Biden as the new president, Foreign Minister Zbigniew Rau said on Tuesday. Biden's victory on Nov. 3 is awkward for Warsaw's right-wing conservative government, which set great store by its relationship with Trump, securing a pledge of a permanent U.S. military deployment, while straining the tolerance of Brussels and European Union allies over its handling of democratic values.
Series 4 of the hit Netflix drama stars Emma Corrin as Diana.
Travellers arriving in England will be able to end their quarantine period with a negative coronavirus test after five days
The estate agents said talks with shareholders signalled 'insufficient support' for Alchemy Partners' plans.
EDF has called for partners to help it test the viability of producing hydrogen and technology to remove carbon dioxide from the air at is planned Sizewell C project in the southeast of England. Britain plans to increase the use of hydrogen fuel to help meet its climate target of net zero emissions by 2050 and is likely to also need carbon removal technology to meet the goal. France's EDF is building Britain's first new nuclear plant in more than two decades, Hinkley Point C, with backing from China's CGN.
The pandemic has forced people to spend more time with themselves than ever. Along the way, it has reshaped and broadened the way many think about and prioritize how they treat themselves — what has come to be called self-care.
‘For it to come in a year of so many racial injustices with George Floyd, Breonna Taylor, Ahmaud Arbery, and people who were taken from our communities, it makes it that much more of a statement,’ says Noah Harris
It's been a difficult last few months for former Belarus basketball star Yelena Leuchanka. “I couldn’t be quiet and ignore or make it look like nothing was happening in my country," Leuchanka said in a Zoom interview. Leuchanka was aware of all of the support she received from the WNBA players and their union and said what they did this summer, standing up for social justice, had an impact on her.
PETS At Home is riding a wave of enthusiasm from locked down Brits for cats, dogs and other pets. Since they are deemed an essential service, Pets’ 451 stores and 450 vets stayed open through lockdown, giving it a clear advantage on other retailers. Chief executive Peter Pritchard compares the rise in pet ownership to a baby boom.
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Ole Gunnar Solskjaer expects to be able to call upon Paul Pogba tonight as Manchester United return to Champions League action against Istanbul Basaksehir. The midfielder was conspicuous by his absence from the squad for Saturday's 1-0 win against West Brom, but should shake off a knock to face the Turkish side. Dean Henderson made his European debut against Basaksehir in gameweek three and has since gone on to make his senior England bow.
Pixar’s “Soul” and video game adaptation “Monster Hunter” are set to hit the big screen in China in December. The hotly anticipated “Soul” may have decided to skip cinemas in the COVID-19-ravaged U.S. for Disney Plus, but it will screen in Chinese theaters from Christmas Day, Dec. 25. Disney currently has no plans to launch […]
Today, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Zalando has selected AWS as its preferred cloud provider and is going all-in on AWS for machine learning, running all of its machine learning workloads on the world’s leading cloud. Zalando, which offers lifestyle and fashion products to more than 35 million customers across 17 countries, will use AWS’s machine learning services to innovate faster and offer a more personalized online shopping experience. In addition to machine learning, Zalando is using the breadth and depth of AWS technologies in analytics, compute, database, networking, serverless, storage, and more to transform the company into a more data-driven organization, optimizing critical business functions such as supply chain management, pricing, marketing, and customer care.
Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Mercado Libre, Inc. (NASDAQ: MELI), headquartered in Argentina and Brazil, has selected AWS as its primary cloud provider to further transform the company into a data-driven organization, improve user experiences, accelerate the launch of new services, and support its regional expansion. Mercado Libre is the largest online commerce and payments provider in Latin America and connects businesses across 18 countries with more than 76 million active users. Mercado Libre builds on the scalability, security, and proven performance of the world’s leading cloud, as well as AWS’s unparalleled portfolio of services, to drive e-commerce and support the rapid growth of its Mercado Pago digital payment platform and Mercado Crédito credit line. During the COVID-19 pandemic, Mercado Libre leveraged AWS to extend its services to more small and medium businesses in Latin America, giving them access to online payments and contactless store payment technology.
Young women are watching Diana's story in The Crown with horrorThe series is teaching a new generation how unhinged our national institutions really are