Tom Canac http://tomcanac.com/ Sat, 12 Jun 2021 03:17:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://tomcanac.com/wp-content/uploads/2021/03/cropped-tc-1-32x32.png Tom Canac http://tomcanac.com/ 32 32 Hand soap in the B2B market is booming around the world: Reckitt Benckiser, Procter & Gamble, Unilever https://tomcanac.com/hand-soap-in-the-b2b-market-is-booming-around-the-world-reckitt-benckiser-procter-gamble-unilever/ Sat, 12 Jun 2021 01:36:56 +0000 https://tomcanac.com/hand-soap-in-the-b2b-market-is-booming-around-the-world-reckitt-benckiser-procter-gamble-unilever/

HTF MI has added a new B2B market hand soap research study in its repository, aims to offer a detailed overview of factors influencing global business direction and overall outlook. The B2B Hand Soap market research highlights recent market information with disrupted trends and a breakdown of product and service offering as well as the impact due to macroeconomic headwinds and the slowdown in mature western countries. Quantitative statistics with qualitative reasoning are assessed on market size,% share,% growth and influencing factors for trends, challenges Pre and Post 2020 Impact on Hand Soap in B2B Market. With this study, you have the right to see the competitive situation presenting the leaders by% of market share and the emerging players by the highest growth rate. Some of the players included in the study are Reckitt Benckiser, Procter & Gamble, Unilever, GOJO Industries, 3M, Medline Industries, Henkel, Lion Corporation, Saraya, Kimberly-Clark, Kutol, Vi-Jon, Ecolab, Walch, Bluemoon, Longrich , Shanghai Jahwa, Likang & Lvsan Chemistry.

If you are involved in offering Hand Soap products in B2B companies or considering getting in, this study will provide you with a comprehensive outlook and consequent analysis of Hand Soap in B2B companies, the key tactics followed by the main players and trendy segments.

Get the scoop with a free sample report @: https://www.htfmarketreport.com/sample-report/3317501-hand-soap-in-b2b-market

B2B Hand Soap Research Study Segmented By Types [, Liquid and Gel, Foam & Other] as well as by applications [Hospitals, Hotels, Food Processing, Offices & Others] with historical and future market size and% share as well as growth rate. Important geographic regions like North America, United States, Canada, Mexico, Europe, Germany, France, United Kingdom, Italy, Russia, Nordic countries, Benelux , the rest of Europe, Asia, China, Japan, South Korea, Southeast Asia, India, the rest of Asia, South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Turkey, Israel, Saudi Arabia, United Arab Emirates and rest of Middle East & Africa and leading players such as Reckitt Benckiser, Procter & Gamble, Unilever, GOJO Industries, 3M, Medline Industries, Henkel, Lion Corporation, Saraya, Kimberly-Clark, Kutol, Vi-Jon, Ecolab, Walch, Bluemoon, Longrich, Shanghai Jahwa, Likang & Lvsan Chemistry are included. The report gives a clear idea of ​​the growth factors, reasons for the increase / deterioration of Hand Soap among B2B players in recent years, and the different opportunities and strategies for developing the market.

Analyze the different players of interest corresponding to your business objectives for hand soap in the B2B industry by geography or specific country; share the customized requirement now.

Ask our expert for customization and feasibility @: https://www.htfmarketreport.com/enquiry-before-buy/3317501-hand-soap-in-b2b-market

Strategic points covered by hand soap in the B2B market table of contents

Chapter 1: Introduction, B2B Hand Soap Market Basic Information and Product Overview
Chapter 2: Study Objective and Research Scope of Hand Soap in B2B Market
Chapter 3: Hand soap in B2B market dynamics – growth factors, disrupting forces, trends, challenges and opportunities
Chapter 4: Hand soap in B2B Market Factor Analysis, Value Chain, PESTEL and PORTER Model, Market Entropy, Patent / Trademark Analysis
Chapter 5: Hand soap in the analysis of B2B players; Competitive landscape, peer group analysis, strategic group analysis, perpetual mapping, BCG matrix and detailed company profile
Chapter 6: Display Market Revenue Size by Type, Application / Vertical or End Users, Other Segments (2016-2026)
Chapter 7: Assess the market by country, broken down by country (2016-2026)
Chapter 8: Research methodology
Chapter 9: Data source
…….

Key Strengths of Hand Soap in the B2B Competitive Landscape

The Company Profile section analyzes the operational structure of the company, the main products and services offered, the geographical footprints and subsidiaries, the main executives and their biographies as well as the main and closest competitors.
Understand and respond to hand soap competitors in the B2B market; business strategies and capitalize on strengths and weaknesses with SWOT analysis.
Latest player development and follow-up of results and results after development.
Potential investments and M&A targets set by the giants, with a detailed overview of the company’s strategic performance, revenue and bottom line.
Highlight key financial ratios and measures of public and private companies that include revenue trends, growth margins, liquidity, and leverage and efficiency ratios.
To add value to products and services; Hand soap in B2B research includes valuable metrics showing distinctive traits / characteristics that influence end user behavior and demand metrics.

Buy Latest Edition To Get Full Access To Hand Soap In The B2B Market Report @: https://www.htfmarketreport.com/buy-now?format=1&report=3317501

Thanks for reading Hand Soap in B2B Industry Research Publication; you can also get individual report version by country or region, such as LATAM, NORDIC, North America, Eastern Europe, United States, Europe, or Asia Pacific.

Publicity. Scroll down to continue reading.

About the Author:
HTF Market Intelligence consulting is uniquely positioned to empower and inspire research and advisory services to empower businesses with growth strategies, delivering services with extraordinary depth and breadth of thought leadership, research, tools, communication ‘events and experiences that aid in decision making.

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COMTEX_388163286 / 2758 / 2021-06-11T21: 29: 09

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Lawyer: Former Scranton School District employees to appear for waiver of hearing; Kirijan seeks ARD | Crime-Emergency https://tomcanac.com/lawyer-former-scranton-school-district-employees-to-appear-for-waiver-of-hearing-kirijan-seeks-ard-crime-emergency/ Fri, 11 Jun 2021 20:41:00 +0000 https://tomcanac.com/lawyer-former-scranton-school-district-employees-to-appear-for-waiver-of-hearing-kirijan-seeks-ard-crime-emergency/

The case against three former employees of the Scranton School District, which state investigators said last year ignored lead and asbestos issues and put children at risk, will not result in a preliminary hearing next week.

Lawyers for the former employees – Superintendent Alexis Kirijan, Ed.D., COO Jeff Brazil and Day Maintenance Foreman Joseph Slack – will appear in court on Monday for a hearing waiver. At that time, Kirijan will seek an accelerated rehabilitation measure, known as ARD, his lawyer, Frank Nocito, said on Friday. The success of the program would erase any accusations from his record.

Attempts to confirm any changes to the charges against Brazil and Slack failed on Friday.

Prosecutors have issued subpoenas for dozens of potential witnesses for the hearing, which investigators say could last up to two weeks. At the end of the week, witnesses said they received phone calls from an officer saying they did not have to appear. Court proceedings were also moved from the Lackawanna County Criminal Justice Center to the Moscow office of Judicial District Judge Kipp Adcock and began at 9 a.m. on Monday.

As part of the district’s ongoing investigation, a state grand jury recommended charges in September.

Kirijan faces 38 counts of felony for endangering the welfare of children and 23 counts of felony for recklessly endangering another person. While she was in charge of the district from 2015 to 2019, investigators said she was knowingly endangering students and staff by ignoring reports showing results regarding lead and asbestos that required immediate action.

Brazil, which worked for the district from 2012 until his resignation last year, also faces 38 counts of felony endangering the welfare of children and 23 counts of misdemeanor. recklessly endangering another person.

Slack, which investigators said was aware of the main issues but did not follow up, faces 11 counts of endangering child welfare and eight counts of endangering children. reckless danger from another person.

Slack’s attorney, Tim Hinton, declined to comment. Attempts to reach Brazilian lawyer Chris Caputo failed on Friday.

The preliminary hearing is still scheduled for Monday, according to a statement from the state attorney general’s office released on Friday.

“Our office does not comment on the ongoing negotiations,” the statement said. “Our investigation enabled the current administration of the Scranton School District to take immediate action to protect students and staff, which has always been our top priority.”

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Global Aircraft Safety Systems Market 2021-2028 Company activity overview, sales, revenue, gross margin, industry analysis and forecast https://tomcanac.com/global-aircraft-safety-systems-market-2021-2028-company-activity-overview-sales-revenue-gross-margin-industry-analysis-and-forecast/ Fri, 11 Jun 2021 19:56:51 +0000 https://tomcanac.com/global-aircraft-safety-systems-market-2021-2028-company-activity-overview-sales-revenue-gross-margin-industry-analysis-and-forecast/

The report on the Global Aircraft Safety Systems Market is presented in a clear and concise manner to help you understand the market structure and dynamics. The recent trends, developments and opportunities leading to the growth of the market have been analyzed and stated in the report. The report focuses on the global market and provides answers to the most important questions facing stakeholders around the world today. Market size information raises the issue of expanding competitiveness and hindering market leading sectors and market growth.

Request to obtain the PDF sample of the report: https://www.qyreports.com/request-sample/?report-id=210285

Key points of the report:

  • The report provides a basic overview of the industry including its definition, applications, and manufacturing technology.
  • The report explores in detail the major international players in the industry. In this part, the report presents the company profile, product specification, capacity, production value and 2021-2028 market share for each company.
  • Through the statistical analysis, the report describes the global market of the industry including capacity, production, production value, cost / profit, supply / demand, and import / export.
  • The total market is further divided by company, country, and application / type for competitive landscape analysis.
  • The report then estimates 2021-2028 market development trends of the industry. An analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  • The report makes some important proposals for a new industry project before evaluating its feasibility.

Competitive landscape:

Key players:

  • UniPoint
  • Prodsmart, manufacture of aquariums
  • Global store solutions
  • NetSuite Manufacturing
  • Hub staff
  • IQMS
  • Epicor
  • SYSPRO
  • xTuple
  • ERP Engineering

Regional segment analysis:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

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Information for each competitor includes:

  • Company Profile
  • Main company information
  • SWOT analysis
  • Sales, Revenue, Price and Gross Margin
  • Market share

The Global Aircraft Security Systems Market report has used a top-down and bottom-up approach to compile a comprehensive report on the market. In addition, it used reliable data from trusted sources to assess and validate the size of the overall market as well as its submarkets. Various qualitative and quantitative research has been conducted to analyze the market in depth. The major players involved in manufacturing the market are identified through secondary survey and based on this, maximum shareholder companies are identified and presented in the market report.

Key Questions Answered in Global Aircraft Safety Systems Market Research Study:

  • What is world production, production value and consumption value?
  • Who are the main global manufacturers in the market? How are their operating situation?
  • What are the types and applications of the market?
  • What is the market share worth of each type and application?
  • What are the upstream raw materials and manufacturing equipment?
  • What is the manufacturing process?
  • Economic impact on the market and market development trends.
  • What will the market size and growth rate be in 2028?
  • What are the key factors driving the market?
  • What are the main market trends impacting the growth of the market?
  • What are the challenges of market growth?
  • What are the market opportunities and threats faced by the vendors in the market?

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Contents:

  1. Report preview
    1.1 Scope of the study
    1.2 Key market segments
    1.3 Players covered
    1.4 Market Analysis by Type
    1.5 Market by Application
    1.6 Study objectives
    1.7 years taken into account
  2. Global growth trends
    2.1 Market size
    2.2 Trends by regions
    2.3 Industry trends
  3. Market share by major players
    3.1 Market Size by Manufacturers
    3.2 Headquarters of Key Market Players and Area Served
    3.3 Product / Solution / Service of key players
    3.4 Mergers & Acquisitions, Expansion Plans
  4. Breakdown data by product
    4.1 Sales by product
    4.2 Revenue by product
    4.3 Price per product
  5. Breakdown data by end user
    5.1 Overview
    5.2 Market Breakdown Data by End User

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HealthCare Intelligence Markets Reports provides market information and advisory services to a global client base in 145 countries. As a B2B company, we help businesses meet the challenges of an ever-changing marketplace with unbridled confidence. We write custom, syndicated market research reports that help market players develop game-changing strategies. In addition, we also provide upcoming trends and future market prospects in our reports regarding drug development, clinical and healthcare IT industries. Our intelligence enables our clients to make decisions which, in turn, are game-changing for them. We constantly strive to better serve our clients by allowing them direct sessions with our research analysts so that the report lives up to their expectations.

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CANADA’S FX DEBT – Canadian dollar falls most in 7 weeks as Fed meeting approaches https://tomcanac.com/canadas-fx-debt-canadian-dollar-falls-most-in-7-weeks-as-fed-meeting-approaches/ Fri, 11 Jun 2021 19:34:26 +0000 https://tomcanac.com/canadas-fx-debt-canadian-dollar-falls-most-in-7-weeks-as-fed-meeting-approaches/

(Add quotes and strategist details throughout; update prices) * Canadian dollar weakens 0.6% against greenback * Loonie hits 4-week low at 1.2177 * Oil hits multi-year high at $ 71.24 per barrel Three-month low By Fergal Smith TORONTO, June 11 (Reuters) – The Canadian dollar has weakened to a four-week low against its much higher US counterpart strong Friday, as investors assessed the risk of the Federal Reserve taking action that could tighten policy to an interest rate announcement next week. The loonie was trading down 0.6% to 1.2169 against the greenback, or 82.18 cents US, its largest decline since April 20. It hit its lowest intraday level since May 14 at 1.2177. For the week, it was down 0.8%. “This is a huge dollar story, where we saw a sharp rebound in the (US) dollar index and the dollar-CAD came into place,” said Greg Anderson, global head of FX strategy at BMO Capital Markets. “The market was ripe for this correction, and it could drag on for another day or two.” The US dollar rallied as investors bet interest rates would stay lower longer in Europe. “We have a nervous market ahead of the FOMC next week. This is a critical event, “Anderson said, referring to the Fed’s Federal Open Market Committee. Avenues the Fed could use to tighten its policy include raising the interest rate it pays on reserves. surplus., projecting an earlier date for its first rate hike, and acknowledging that now is the time to talk about reducing quantitative easing. With soaring commodity prices, the Canadian dollar has been the strongest currency. performance of the G10 this year, up 4.7% against the greenback. A stronger loonie usually hurts exporters, but the nature of the global economic recovery could help companies pass their higher currency costs onto customers, leaving exporters less hurt than in previous cycles. Oil, one of Canada’s top exports, hit a multi-year high at $ 71.24 per barrel. The Canadian 10-year rate s hit its lowest level since March 3 at 1.368% before climbing back to 1.380%, up almost a basis point on the day. (Reporting by Fergal Smith; editing by Jonathan Oatis)

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Global Digital Advertising Platforms Market 2021-2028 Company Activity Overview, Sales, Revenue, Gross Margin, Industry Analysis and Forecast – The Courier https://tomcanac.com/global-digital-advertising-platforms-market-2021-2028-company-activity-overview-sales-revenue-gross-margin-industry-analysis-and-forecast-the-courier/ Fri, 11 Jun 2021 19:04:08 +0000 https://tomcanac.com/global-digital-advertising-platforms-market-2021-2028-company-activity-overview-sales-revenue-gross-margin-industry-analysis-and-forecast-the-courier/

Global Digital Ad Platforms Market Research Report offers inclusive and decision-making insight, including product definition, market characteristics, segmentation, restraints, challenges, and drivers. The report describes in-depth information on Digital Advertising Platforms market share, emerging market trends, supply chain analysis, active industry participants, raw material suppliers and major distributors / retailers. The report further provides in-depth analysis of the global digital advertising platform market, which can help market players to strategize and improve the profitability of their businesses. The study also describes the major companies present in the market and their market shares, growth rates and product launches. The report covers the rapidly changing market scenario and covers the initial and future assessment of the impact.

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The Global Digital Ad Platforms Market report is widely known for its accuracy, as it consists of precise charts, tables, and graphs which clearly depict past product development and performance in the market and predict future trends. It uses statistical surveys for SWOT analysis, PESTLE analysis, predictive analysis and real-time analysis.

The major players covered in this report are:

Criteo Dynamic Retargeting, DoubleClick Digital Marketing, AdRoll, Sizmek, Celtra, Marin Software, Yahoo Gemini, MediaMath, Adobe Media Optimizer, Quantcast Advertise, Choozle, Acquisio, The Trade Desk, Flashtalking.

Note: Additional companies can be included on request.

Segmentation of the digital advertising platform market Based on region:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

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Research methodology :

In order to infer the size of the market, the report examined various aspects based on secondary research. Further, the data points such as product segmentation and market segmentation are also divided by end use. It also combines the qualitative opinions of the main interviewees to arrive at an appropriate market estimate. The forecast provided in the report assesses the total revenue and the expected contribution to revenue.

When formulating the market forecast, the report will determine the size of the current market, which is the basis for predicting how the market will form in the near future. Market Insights triangulates data through different analyzes based on supply, demand, and other dynamics. The report not only provides CAGR forecast but also analyzes the market based on key parameters like year-over-year growth to understand market predictability and identify the right opportunities.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends / opportunities / challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

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Highlights of the report:

  • Comprehensive background analysis including parent market assessment.
  • Significant changes in market dynamics.
  • Market segmentation up to the second or third level.
  • From a value and quantity perspective, historical, current and expected market size.
  • Report and assess recent industry developments.
  • Market shares and strategies of the main players.
  • Emerging market segments and regional markets.
  • Objective assessment of the market trajectory.
  • Suggestions for the company to strengthen its position in the market.

Benefits of purchasing reports:

  • Our report is also known for its data accuracy and sophisticated market analysis.
  • This report describes the complete competition situation in the Global Digital Advertising Platforms Market.
  • In-depth analysis of the main developments.
  • It also provides a comprehensive assessment of future markets and changing market conditions.
  • Analyze the Digital Advertising Platforms market and fully understand the industry analysis and market forecast 2021-2028 and its business outlook.
  • Research the market strategies that competitors and large companies adopt.
  • Help you understand the future prospects of Digital Advertising Platforms Market industry analysis and forecast.

Contents:

Part 01: summary

Part 02: Scope of the report

Part 03: Research methodology

Part 04: Market landscape

Part 05: Pipeline analysis

Part 06: Market sizing

Part 07: Five forces analysis

Part 08: Market segmentation

Part 09: Customer landscape

Part 10: Regional landscape

Part 11: Decision framework

Part 12: Drivers and challenges

Part 13: Market trends

Part 14: Supplier landscape

Part 15: Supplier analysis

Part 16: appendix

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Chennai EOW arrests Ravi Parthasarathy, kingpin of 1 lakh cr fraud https://tomcanac.com/chennai-eow-arrests-ravi-parthasarathy-kingpin-of-1-lakh-cr-fraud/ Fri, 11 Jun 2021 14:24:43 +0000 https://tomcanac.com/chennai-eow-arrests-ravi-parthasarathy-kingpin-of-1-lakh-cr-fraud/

The Chennai Police Economic Offenses Wing (EOW) announced on Friday that it had arrested Ravi Parthasarathy, the former chairman of Infrastructure Leasing & Financial Services (IL&FS), in connection with the Rs 1 lakh crore scam, which triggered a liquidity crisis in the financial services market in 2018.

EOW DSP Prakash Babu confirmed IANS that Parthasarthy was arrested and taken into custody for 15 days. He added that his bail hearing will be heard on Monday.

Parthasarthy, the fulcrum, mastermind and chief architect of the Rs 1 lakh crore IL&FS scam, has been arrested by the EOW in connection with Crime No. 13 of 2020, dated September 20, 2020, said the Chennai Police EOW in a statement.

The accused, Ravi Parthasarathy, is the former chairman and CEO of the entire IL&FS group. The IL&FS group, which consists of more than 350 group companies, has been used as a vehicle to commit fraud by the then leadership of the IL&FS group which was headed by then President and CEO Ravi Parthasarathy, ”said EOW.

EOW said the FIR was registered as part of the complaint filed by 63 moons Technologies Ltd, which lost a sum of Rs 200 crore. Complaints from various other applicants were also received by the EOW.

The request for early bail filed by the accused Parthasarathy in Crl OP 2007 of 2021 was also rejected by the Madras High Court. Aggrieved depositors and investors of IL & FS Transportation Networks India Ltd (ITNL) can forward their claims to EOW, he added.

What is IL&FS scam

The IL&FS scam came to light in 2018 after several group entities defaulted on repayment due to serious liquidity issues.

IL&FS, a leading finance and infrastructure construction company, is a “shadow bank” or non-bank finance company that provides services similar to traditional commercial banks.

Parthasarathy, said to be a close confidant of former finance minister P Chidambaram, is accused of fraud with intent to harm the interests of the company, its shareholders and its lenders, causing undue loss to the company .

Under his leadership, problems arose at IL&FS during the July-September 2018 quarter, when two of its subsidiaries began to default on loans and business-to-business deposits to lenders.

The subsequent series of defaults caused a systemic problem with many non-bank financial corporations (NBFCs) facing financial problems.

NCLT Directive

On October 1, 2018, the central government took action to take control of Infrastructure Leasing & Financial Services Limited (IL&FS) through a directive from the National Company Law Tribunal (NCLT) and stop the spread of contagion to financial markets. A new board of directors under the leadership of banker Uday Kotak was formed, with the previous board deemed to have failed in its obligations.

The Government of India (GoI) in its petition mentioned that “Ravi Parthasarathy and his team were responsible for the public’s negligence, incompetence and deception by presenting rosy financial statements. IL&FS camouflaged its financial statements by hiding a serious mismatch between its cash flows and payment obligations. It also hid a complete lack of liquidity and glaring unfavorable financial ratios.

Parthasarathy, who headed IL & FS for over 25 years, is accused of organizing one of the world’s biggest financial frauds and systematically driving a financial institution juggernaut to financial ruin.

Besides the first investigative body, the Serious Fraud Investigation Office (SFIO), the Reserve Bank of India, the Ministry of Commercial Affairs (Union of India), the Registrar of Companies (RoC), the National Company Law Tribunal (NCLT) , Mumbai, as well as Grant Thornton’s forensic report made unfavorable conclusions against him.

The Republic of Canada has observed mismanagement and compromises in corporate governance standards, while there is another FIR registered by EOW-New Delhi against Parthasarathy and Hari Sankaran under various sections of the ‘IPC.

IF&FS Employee Welfare Trust used to commit fraud

In one of the more damaging findings, the GoI petition stated: “IL&FS had created a trust known as the Employee Welfare Trust which was used as an instrument to enrich its directors to the detriment of the company. This trust was used to perpetrate fraud on IL&FS and its affiliates. The trust owned 12% of IL & FS Limited. Ravi Parthasarathy and some other senior IL&FS executives were the primary beneficiaries of the trust.

The RBI report, which she submitted on March 22, 2019, pointed out that the major role in the commission of the fraud and financial irregularity was played by Parthasarathy during her tenure as chairman of the group.

The report highlighted the indiscriminate sanctioning of loans, disregard for RBI standards, fraudulent transactions on certain accounts, showing an inflated number of subsidiaries, conflicts of interest and the concentration of power in the hands of a few, including Parthasarathy.

The SFIO complaint, dated May 30, 2019, named Parthasarathy as the main accused. The report mentioned that Parthasarathy was the main decision-maker of the IL&FS group and used the group as his stronghold.

Being the president of the IL&FS group and director of its various subsidiaries, the coterie led by Parthasarathy abused its position and embezzled funds from the companies of its group.

It can be noted that the NCLT-Mumbai order to recast the accounts of the IL&FS group was challenged by Parthasarathy in the Supreme Court, which upheld the GoI decision.

Grant Thornton’s forensic audit also revealed a host of illegal practices, credit rating agency bribery and other fraudulent practices, clearly indicating the involvement of then-IL&FS group chairman Parthasarathy .

(With IANS inputs)

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Zambeef Products 1H Profit, Pink Income; Warns on FX Hit https://tomcanac.com/zambeef-products-1h-profit-pink-income-warns-on-fx-hit/ Fri, 11 Jun 2021 11:01:00 +0000 https://tomcanac.com/zambeef-products-1h-profit-pink-income-warns-on-fx-hit/

By Matteo Castia

Zambeef Products PLC on Friday announced an increase in its pre-tax profit for the first half of fiscal 2021 on higher revenues, but warned of unfavorable full-year currency effects.

The Zambia-based cold chain food producer, which is listed in London, made a pre-tax profit of 54.9 million Zambian kwacha ($ 2.4 million) for the six-month period ended March 31, against 12.5 million ZMW the previous year. period.

“Profitability was primarily driven by crops, increased volumes and margins in the feed and food retail and cold chain division,” the company said.

The turnover reached 2.15 billion ZMW against 1.80 billion ZMW the previous year.

Still, the group’s dollar performance has been affected by the continued depreciation of the local currency in Zambia, the company said.

“The depreciation of the kwacha resulted in increased funding costs and foreign exchange losses on our dollar denominated debt, despite continued principal repayments during the period,” Zambeef said.

Dollar revenue during the period fell 21% year-over-year to $ 102.5 million.

“The kwacha is expected to continue to depreciate at a steady rate with improvements expected towards the end of the calendar year,” Zambeef warned.

Shares at 10:55 a.m. GMT were up 0.25 pence, or 3.2%, to 8.00 pence.

Write to Matteo Castia at matteo.castia@dowjones.com

]]> D-SIBs remain on solid footing – Diokno – Manila Bulletin https://tomcanac.com/d-sibs-remain-on-solid-footing-diokno-manila-bulletin/ Fri, 11 Jun 2021 00:00:00 +0000 https://tomcanac.com/d-sibs-remain-on-solid-footing-diokno-manila-bulletin/

The country’s “too big to fail” banks remain strong and well capitalized as well as liquid with stable funding to support operations in the second year of the COVID-19 pandemic, Bangko Governor Sentral ng Pilipinas assured (BSP) Benjamin E. Diokno.

Diokno only reiterated what he said in January that by assessing the performance of these large banks during the pandemic – called national systemically important banks (D-SIBs) – D-SIBs remain on “solid footing” After the BSP has been reviewed to some extent. the full impact of the public health crisis.

11762

“The D-SIBs remain on solid footing in the midst of the health crisis. We see this contributing to the overall strength of the national financial system and the financial stability of the country, ”Diokno said in his weekly“ GBED talks ”online.

Diokno reiterated that the as yet undisclosed D-SIBs are liquid and well capitalized and have the capacity to handle potential losses. “Banks identified as D-SIB are required to have additional Tier 1 Common Equity or a higher loss absorption requirement. This aims to ensure that D-SIB’s risk exposures are backed by high quality capital instruments to increase their resilience, ”he said.

D-SIB capital buffers are still well above the regulatory minimum, with a solo capital adequacy ratio of 15.8% at the end of 2020, even higher from 15.3% in 2019.

Its latest liquidity coverage ratio and stable net funding ratio at the end of February this year were also higher at 192.8% and 142.9%, respectively. These liquidity ratios measure the short- and long-term liquidity of banks and were above what the BSP considers the minimum. This indicates the ability of D-SIBs to manage short and medium term shocks to their liquidity position.

Diokno said the average gross non-performing loan (NPL) ratio of D-SIBs, as expected, rose to 3.3% in the first quarter of 2021, which banks matched with a high NPL coverage ratio. by 99.4%. This increase in the NPL ratio is lower than 4.21% for the banking system and 3.73% for industry.

D-SIBs, characterized as banks whose distress or disorderly failure would cause significant disruption to the financial system and the economy at large, recorded asset growth of 6.2% at the end of March. this year, as well as an 8.5% increase in deposits. These numbers compare well with the 5.6% asset growth and 7.8% deposit growth posted by the banking system.

D-SIB loans contracted 3.6% at the end of March, below the 3.9% drop in the banking system’s loan portfolio, Diokno said.

BSP’s D-SIB policy is aligned with the Basel Committee on Banking Supervision which aims to reduce the probability of default of D-SIBs by increasing their loss absorbing capacity and reducing the extent or l ‘impact of the failure of D-SIBs on the national or real economy. .



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AHCCCS calls for waiver amendment to improve homeless health outcomes – State of Reform https://tomcanac.com/ahcccs-calls-for-waiver-amendment-to-improve-homeless-health-outcomes-state-of-reform/ Thu, 10 Jun 2021 23:00:23 +0000 https://tomcanac.com/ahcccs-calls-for-waiver-amendment-to-improve-homeless-health-outcomes-state-of-reform/

Medicare and Medicaid Service Centers (CMS) ad Arizona submitted an 1115 waiver amendment request on Monday to improve health services for its homeless population. The Arizona Health Care Cost Containment System (AHCCCS) submitted the request on May 27.

the change request – which AHCCCS calls the Housing & Health Opportunities (H2O) demonstration – looks like “iimprove health care delivery and health outcomes for AHCCCS members who are homeless or at risk of homelessness by using strategies designed to address identified gaps, expand existing evidence-based practices and reduce barriers to housing.

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According to data from the US Department of Housing and Urban Development, between 2017 and 2019, the number of homeless people in Arizona jumped 12% to more than 10,000 people. During this period, the limited capacity of the shelters resulted in a 43% increase in the number of people not accommodated.

The AHCCCS estimates that the average annual cost of care for homeless Medicaid members is $ 23,090 – a cost approximately $ 16,082 higher than the average cost of care for Medicaid registrants in general. The modification request specifies:

The AHCCCS recently assessed the crisis, inpatient and behavioral health care utilization of 30,363 members identified as homeless. One-third of these members made three or more emergency room visits and 38% made three or more hospital stays during the 18-month period under review.

For homeless people registered with a severe mental illness (SMI) designation, the average annual cost of care was $ 66,784.

In a letter to CMS administrator Chiquita Brooks-LaSure, AHCCCS director Jami Snyder writes that the new waiver amendment is designed to complement the agency’s existing housing program. Using state dollars, the current program provides rent subsidies to nearly 3,000 homeless people each year. Snyder says the existing program has improved results and reduced costs.

“The state’s investment in permanent supportive housing programs has paid off, leading to dramatic reductions in emergency department visits, hospitalizations and crisis utilization, as well as increased utilization. less expensive preventive care. “

The change request would move this initiative forward, Snyder writes, by strengthening homeless outreach strategies, securing resources to support housing stability for members, and improving housing services and supports that are inclusive to obtain support. better health outcomes.

As part of its awareness-raising objectives, the AHCCCS is seeking authorization to cover reintegration services for people with severe behavioral and physical problems who are at high risk of homelessness when they leave school. prison or prison. Services would begin a month before release “to build community ties and ensure they receive the necessary coordination of care, physical and behavioral health services, medication and medication management, and support. social essential when they are released into the community ”.

Arizona’s current 1115 exemption expires on September 30, 2021. If approved, the amendment will apply concurrently with the agency’s requested renewal period of October 1, 2021 through September 30, 2026.

the federal comment period for the modification request runs from June 7 to July 7, 2021. Just two comments have been published so far, both in support of the amendment.

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Dollar swings as market digests US inflation data, ECB https://tomcanac.com/dollar-swings-as-market-digests-us-inflation-data-ecb/ Thu, 10 Jun 2021 19:26:00 +0000 https://tomcanac.com/dollar-swings-as-market-digests-us-inflation-data-ecb/

The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses and gains as investors digested high US inflation data and comments from the European Central Bank.

After taking a wait-and-see stance all week, sucking market volatility and leaving major currencies mostly in ranges, Thursday’s news seemed to add little new direction to currency markets.

The European Central Bank raised its growth and inflation forecasts, but vowed to maintain ample stimulus, fearing that a pullback now could accelerate a worrying rise in borrowing costs and stifle the recovery . Read more

And across the pond, data showed that the number of Americans filing new jobless claims fell last week to the lowest level in nearly 15 months, while prices at Consumption rose further in May as the easing of the pandemic on the economy continued to boost domestic demand. Read more

The dollar index, which measures the greenback against a basket of major currencies, fluctuated tightly around the psychologically important level of 90 and fell 0.08% to 90.058. The euro rose 0.02% to $ 1.218 for the last time.

“You have this tug-of-war between the two currencies and it creates a back and forth. That’s why you see a small cap in terms of dollar weakness and euro strength,” said Minh Trang, senior negotiator. in foreign currency to Silicon Valley Bank. .

“The general trend has been a bit of dollar weakness, not just because of robust growth in the United States, there has been robust growth overall. Many economies have recovered,” he said. he declares. “When you are optimistic about overall global growth, it usually creates a risk on the mindset that will favor other currencies over the dollar.”

The Australian dollar was up 0.25% to $ 0.7749 while the New Zealand dollar was up 0.33% to $ 0.7199.

The yen was trading at 109.5850 to the dollar, also slightly lower from Wednesday.

Deutsche Bank’s currency volatility index (.DBCVIX) was at its lowest level since February 2020.

Investors were watching U.S. consumer prices closely for any sign that higher prices could last longer than expected, potentially questioning the Federal Reserve’s insistence that current inflationary pressures are transient and that Monetary stimulus is expected to remain in place for some time to come.

“People are digesting what the next step might be. Today’s data hasn’t given enough weight to engage one side or the other,” Trang said.

Traders sent longer-term US Treasury yields higher after Thursday’s inflation data steepened a closely watched part of the yield curve.

In crypto markets, bitcoin held onto gains from its biggest rally since February on Wednesday, when it jumped nearly 12%.

It last traded slightly higher to $ 37,464, after rebounding from a three-week low at $ 31,025 reached on Tuesday when signs of cautious institutional investors and regulatory attention led to the sale.

The most well-known cryptocurrency has struggled since it hit a record high of $ 64,895.22 in mid-April.

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Currency Bid Price at 10:03 AM (1403 GMT)

Our standards: Thomson Reuters Trust Principles.

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