Corporate governance - Vigil

FedEx Corp.’s quarterly profit nearly tripled and revenue jumped 23%, despite winter storms in the U.S. that disrupted its delivery operations and sapped its profit by $350 million.

Texas, Iowa and Mississippi were among the first states to fully reopen businesses this year, ending shutdown orders intended to curb the spread of Covid-19.

Norway, Denmark and Sweden have continued to pause the use of the Oxford/AstraZeneca Covid-19 vaccine while France recommended not to use it on people under 55, as other European nations slowly resumed the rollout of the jab amid questions over its side effects.

But will hopefully only reach it after all priority groups have received their first jab

Danone will pursue some of the organisational changes set in motion by former boss Emmanuel Faber, newly-appointed chairman Gilles Schnepp said in a letter to shareholders ahead of the appointment of a new chief executive.

Power Corp. beat expectations as its net profit attributable to shareholders surged in the final quarter of 2020 as its life insurance business benefited from acquisitions.

Credit Suisse is overhauling its asset management business as it faces regulatory investigations into its dealings with Greensill Capital, warning on Thursday that its results and client confidence could be hit by the finance firm’s collapse.

The group is moving into a new 9,500-square foot workspace at 1255 Phillips Square downtown.

Coffee company set to awards millions in extra CEO pay; proxy advisors recommended against approving compensation

A majority of Toshiba's shareholders voted on Thursday for an independent investigation into alleged voting irregularities at the company's annual general meeting last year, in a victory for activist investors over the Japanese group's management.

G7 advanced economies have agreed to boost International Monetary Fund reserves by around $650 billion through a new allocation of the fund’s special drawing rights, Japan’s Kyodo news agency reported on Wednesday.

Canadian home prices accelerated in February, rising 0.5 per cent from January with all 11 major markets rising on the year for the first time since 2018, data showed on Wednesday.

The European Union’s health agency said the Covid-19 vaccine produced by AstraZeneca PLC was “safe and effective” and didn’t increase the risk of blood clots, a decision that prompted several major bloc members to say they would resume inoculation campaigns.

Central bank girds for further fight against falling prices and says it might reduce interest rates further into negative territory

Australian regulators are investigating corporate governance issues linked to the collapse of Greensill Capital’s parent in the country, which the local administrator said had attracted more than $4bn in claims from creditors.

Canada’s economy is likely to rebound this year as long as COVID-19 is brought under control, but the government should introduce a ‘fiscal anchor’ to ensure credibility in the management of the public accounts after a sharp rise in debt, the IMF said on Thursday.

The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, part of its efforts to cushion the fallout of the COVID-19 pandemic, becomes apparent, ECB President Christine Lagarde said on Thursday.

Lack of work and working conditions were identified as the main reasons for abandoning the industry.

The Federal Reserve kept rates anchored near zero and maintained the current pace of asset purchases, following the conclusion of this week’s meeting.

Companies face increased threats and opportunities from disruption, but a return to business as usual won’t be sufficient to generate outperformance. Now is the time to take ambitious action.

Keeping tabs on what investors and financial experts are saying about companies is an important piece of board member oversight. Though these outside perspectives shouldn’t be treated as gospel, they often do provide valuable context, allowing company leaders to pinpoint key focus areas.

Anthony Lacavera sees three takeaways from the deal: It will be very bad for consumers and generally bad for jobs, but will be good for spurring 5G infrastructure