Markets
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Concerned Unitholders call for orderly and transparent sale process of Bridging Finance Inc.
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
No CommentsTORONTO, June 7, 2021 /CNW/ – (“Bridging”) A group of Unitholders in the Bridging Funds today issued the following statement in connection with the receivership process currently in place at Bridging: “We call on the Ontario Securities Commission and PricewaterhouseCoopers Inc., the receiver currently administering the affairs of Bridging, to establish an orderly and transparent sale of Bridging and/or its Funds, given the multiple credible expressions of interest received to date and the need to protect the interests of Bridging’s Unitholders. The immediate sale of Bridging and/or its Funds to a qualified fund manager is critically important to ensure that Unitholder value is not eroded. However, despite multiple third parties coming forward with credible expressions of interest with respect to purchasing Bridging’s Funds, no formal sale process has been put in place. Instead, the receivership continues to negatively impact Bridging’s business and Unitholders remain completely unprotected by the receivership process. The receivership is an inherent conflict as PWC has every interest in continuing the receivership to collect fees. The Funds were audited by KPMG for the period ended December 31, 2020 and the portfolio was found to be performing well. The Funds have assets under management of approximately $2 Billion
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Singapore Stock Market Likely To Remain Rangebound On Tuesday
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
(RTTNews) – The Singapore stock market has alternated between positive and negative finishes through the last six trading days since the end of the six-day winning streak in which it had jumped almost 75 points or 2.4 percent. The Straits Times Index now rests just above the 3,175-point plateau although it’s likely to head south again on Tuesday. The global forecast for the Asian markets suggests directionless trade amidst a lack of catalysts, with weakness from the oil stocks offset by gains from technology shares. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit. The STI finished modestly higher on Monday following gains from the financial shares and property stocks, while the industrials were mixed. For the day, the index gained 24.77 points or 0.79 percent to finish at 3,175.81 after trading between 3,165.76 and 3,179.78. Volume was 2.79 billion shares worth 1.10 billion Singapore dollars.. There were 282 gainers and 212 decliners. Among the actives, Ascendas REIT climbed 0.69 percent, while CapitaLand accelerated 1.09 percent, CapitaLand Integrated Commercial Trust spiked 1.44 percent, City Developments increased 0.26 percent, Comfort DelGro gained 0.60 percent, Dairy Farm International eased 0.23 percent, DBS Group
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Aurinia Announces Results of the 2021 Annual General Meeting
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
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Japan GDP Data On Tap For Tuesday
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
(RTTNews) – Japan will on Tuesday release final Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to sink 1.2 percent on quarter and 4.8 percent on year after climbing 2.8 percent on quarter and 11.7 percent on year in the three months prior. Japan also will see April figures for current account and May results for the eco watchers survey. The current account is tipped to show a surplus of 1,500.6 billion yen, down from 2,650.1 billion yen in March. In April the eco survey for current conditions had a score of 39.1, while the outlook was at 41.7. South Korea will provide April numbers for current account; in March, the current account surplus was $7.82 billion. Taiwan will release May figures for imports, exports and trade balance. Imports are expected to jump 25.7 percent on year after gaining 26.4 percent in April. Exports are called higher by an annual 26.0 percent after spiking 38.7 percent in the previous month. The trade surplus is pegged at $5.995 billion, down from $6.18 billion a month earlier. Taiwan also will see May figures for consumer prices; in April, overall inflation was up 0.2
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Weyco Acquires Forsake Brand
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
MILWAUKEE, June 07, 2021 (GLOBE NEWSWIRE) — Weyco Group, Inc. (NASDAQ: WEYS) (the “Company”) today announced that it acquired substantially all of the operating assets and certain liabilities of Forsake, Inc. (“Forsake”), a distributor of outdoor footwear. The principal assets acquired were inventory, accounts receivable, and intellectual property, including the Forsake brand name. The aggregate purchase price was approximately $2.5 million, plus contingent payments paid annually over a period of five years, depending on Forsake achieving certain performance measures. At the acquisition date, the Company’s preliminary estimate of the discounted fair value of the contingent payments is approximately $1.75 million in total. The transaction was funded with the Company’s available cash.Forsake will join BOGS in forming Weyco Group’s outdoor division, headquartered in Portland, Oregon. Specializing in modern outdoor footwear, Forsake serves a quickly growing segment of the market that isn’t directly served by an existing Weyco brand. Forsake’s hiking shoes and sneakerboots with all-weather protection, rugged construction and versatile styling have captured a segment of a growing number of outdoor enthusiasts that demand something other than traditional hiking boots. Forsake’s co-founders, Jake Anderson and Sam Barstow, have joined the Weyco team and will continue to lead the Forsake business going
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US stocks move lower as investors see hotter inflation and higher rates on the horizon
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
A trader on the floor of the New York Stock Exchange. JOHANNES EISELE/AFP via Getty Images
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PyroGenesis Announces Receipt of an LOI for Three 10-Ton DROSRITE™ Systems from an Existing Client
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
Contract Expected to be in the range of$10-$15MMPyroGenesis continues to reduce GHG emissions with its offeringsMONTREAL, June 07, 2021 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes plasma atomized metal powders, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce today that it has received a Letter of Intent (LOI) from an existing client, to purchase three 10-ton DROSRITE™ systems. The contract, if finalized, is expected to be in the range of $10-15 Million. The Client’s name shall remain anonymous for competitive and confidential reasons.As a result of an existing client’s decision to expand its aluminum processing facilities, a need to process an additional 30 tons of dross is anticipated. At this stage three 10-ton DROSRITE™ systems are projected to be needed, but this may change to a combination of 5-ton and 10-ton DROSRITE™ systems.“This is indeed a very interesting development, and one which we did not expect,” said P. Peter Pascali, CEO and Chair of PyroGenesis. “Today’s announcement is confirmation of the rapid adoption of our environmental technologies within the aluminum industry.
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HealthPay24 Launches First Ever Retail Solution Allowing Providers to Reconcile all Healthcare Transactions in One, Single View
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
MECHANICSBURG, Pa., June 7, 2021 /PRNewswire/ — HealthPay24® has revolutionized healthcare payments with the launch of its new Retail solution by allowing providers to accept payments for all retail and general ledger healthcare transactions in a single view. HealthPay24 Retail offers a transparent financial payment and reconciliation process while significantly improving cost efficiency. Healthcare providers will no longer have to jump from system-to-system for reporting, payments, balance postings, and bill reconciliation.HealthPay24’s new Retail solution saves providers money, time, and lowers the risk of human error.”With the release of the new Retail solution, our platform can provide a unified patient and retail payment experience that consumers and providers have been asking for – a single payment and reporting solution for all healthcare scenarios,” says Fred Sheffield, Chief Revenue Officer at HealthPay24. HealthPay24 now offers hospitals and healthcare providers a single system to collect on all accounts receivable and other miscellaneous items, whether it is a deductible, copay, or retail items like therapy items, hearing aids, spa memberships, etc. The organization is unique in offering healthcare providers a platform that manages any consumer transaction from payment acceptance, reporting, reconciliation, and posting to their patient billing or general ledger. As the first solution of its
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A 'bulldog' who 'cuts through the bulls—': Here's how insiders describe early Robinhood investor Jason Calacanis
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
Jason Calacanis This Week in Startups YouTube channel
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Michael Saylor's MicroStrategy is raising $400 million of debt to acquire more bitcoin
- June 8, 2021
- Posted by: Stratford Team
- Category: Markets
Michael Saylor at Bitcoin 2021 Miami Joe Raedle/Getty Images

