Massive loss offset by rare Brothers feat



He may have lost North Queensland’s best player, but Brothers women’s coach Steve McNaughton will experience something he never has in his Townsville coaching career — consistency.

We hope you enjoyed reading this news update involving Northern Territory news published as “Massive loss offset by rare Brothers feat”. This news article is posted by MyLocalPages Australia as part of our national news services.

#Massive #loss #offset #rare #Brothers #feat



Source link

CarMax Falls as Earnings Beat Fails to Offset Lack of Guidance


CarMax  (KMX) – Get Report shares fell on Tuesday after the company posted fiscal third-quarter earnings that beat analysts’ forecasts but chose to hold back on offering forward guidance amid ongoing uncertainty surrounding the pandemic.





Source link

Australian wine hit with another import duty in China as an offset for ‘subsidies’


China has hit Australian winemakers with another trade strike, arguing the Australian government has unfairly subsidised local vineyards.

The countervailing duty, announced on Thursday, will see another 6.3 per cent added to tariffs of between 107 per cent and 212 per cent already in force. It all but extinguishes local producers’ access to the world’s largest market.

It is the latest impost on Australian products this year after several diplomatic altercations over the origins of the coronavirus pandemic, national security measures, human rights and foreign interference legislation. Australian timber and lamb exporters had further restrictions placed on them on Wednesday, following strikes on coal, barley and beef.

China has put another duty on Australian wine. Credit:

Unlike the November tariffs, which were imposed based on a claim that Australian companies were dumping wine in the Chinese market at discount prices to undermine homegrown competition, Thursday’s duty targets government subsidies for Australian winemakers.



Source link

US Stocks End Lower Again As Covid-19 Fears Offset Vaccine Optimism


New York City’s move to temporarily close schools because of the coronavirus offset optimism about Covid-19 vaccines Wednesday, weighing on US stocks two days after major indices hit records.

Equities were choppy throughout the day, but took a distinct downward path once New York Mayor Bill de Blasio announced the school closures after the city hit its target of a seven-day average coronavirus positivity rate of three percent.

The move came as US coronavirus cases tick higher, with Johns Hopkins University reporting nearly 162,000 new cases in the last day.

“This is a tug of war between vaccine excitement and nervous trepidation” about the virus, said Art Hogan, chief market strategist at National Securities.

Major US indices finished the day about one percent lower. Both the Dow and S&P 500 finished at records on Monday, but have now fallen the last two days.

“For most of the day, the market struggled to gain any traction despite a host of positive news related to a vaccine, economic data and corporate earnings,” said a note from Briefing.com.

“Presumably, this was because the market was pricing in a lot of the good news in its record-setting rally this month and needed to consolidate those gains.”

Earlier, European equities had advanced following an upbeat announcement from Pfizer and BioNTech.

The two pharma companies said a completed analysis of their experimental Covid-19 vaccine found it protected 95 percent of people against the disease — up from early data showing 90 percent efficacy, and announced they were applying for US emergency approval “within days.”

Frankfurt and Paris both finished 0.5 percent higher, while London added 0.3 percent.

Markets anticipate that broad distribution of vaccines should enable the economy to normalize in 2021, boosting especially hard-hit sectors such as airlines and entertainment stocks.

Petroleum-related stocks are also beneficiaries from an economic rebound. Crude prices rose around one percent — a day after the OPEC+ club of oil producers agreed they had to be ready to act on output cuts to prevent another slump in prices.

Bitcoin continued its rally, surging above $18,000 in Asian trading hours, before pulling back.

Among individual companies, Boeing ended 3.2 percent lower after the Federal Aviation Administration cleared the 737 MAX to resume service following a 20-month shutdown. Shares had initially soared after the announcement, which had been widely expected.

Disney dipped 0.4 percent after S&P slashed the credit rating on the entertainment company, citing the drag from coronavirus on Disney’s theme park business.





Surging virus cases have forced key economies including France to go into another lockdown, fanning fears about their stuttering recovery
 AFP / STEPHANE DE SAKUTIN

New York – Dow: DOWN 1.2 percent at 29,438.42 (close)

New York – S&P 500: DOWN 1.2 percent at 3,567.79 (close)

New York – Nasdaq: DOWN 0.8 percent at 11,801.60 (close)

London – FTSE 100: UP 0.3 percent at 6,385.24 (close)

Frankfurt – DAX 30: UP 0.5 percent at 13,201.89 (close)

Paris – CAC 40: UP 0.5 percent at 5,511.45 (close)

EURO STOXX 50: UP 0.4 percent at 3,482.17 (close)

Tokyo – Nikkei 225: DOWN 1.1 percent at 25,728.14 (close)

Hong Kong – Hang Seng: UP 0.5 percent at 26,544.29 (close)

Shanghai – Composite: UP 0.2 percent at 3,347.30 (close)

Euro/dollar: UP at $1.1853 from $1.1852 at 2200 GMT

Pound/dollar: UP at $1.3270 from $1.3199

Dollar/yen: DOWN at 103.86 yen from 104.58 yen

Euro/pound: DOWN at 89.33 pence from 89.79 pence

West Texas Intermediate: UP 0.9 percent at $41.82 per barrel

Brent North Sea crude: UP 1.4 percent at $44.34 per barrel

burs-jmb





Source link

Now you can pay an extra 2 cents per litre at Shell gas stations to offset your carbon emissions


Article content continued

In many countries and in specific carbon tax regimes in Canada, carbon offsets or carbon credits can be purchased from projects that capture or reduce CO2 and other greenhouse gas emissions. Shell says it’s hopeful that a more widespread regulatory regime and market for carbon offsets will be developed in Canada.

The company is confident that Canadians will choose to participate in the program and pay an additional 2 cents per litre for their gasoline in addition to the carbon tax they currently pay, which amounts to roughly 7 cents per litre for gasoline in Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick this year. In B.C., drivers pay a carbon tax of roughly 9 cents per litre for gasoline.

Crothers said the program will allow consumers that can’t afford to buy an electric vehicle to offset their emissions. The offsets will initially come from the Darkwoods Forest Carbon Project, which is a Nature Conservancy of Canada project to protect 630 square kilometres of inland rainforests and old-growth forests.

Shell Canada’s Hague-based parent company Royal Dutch Shell Plc began rolling out the program in the Netherlands in 2018 that allowed customers to opt-in to an extra charge of one euro cent per litre of gasoline they purchased, which would be used to purchase carbon offsets. The program then expanded to the United Kingdom, Germany, Austria, Switzerland and Denmark.

Crothers said roughly 10 per cent to 12 per cent of customers in Europe opted into the program when it was initially rolled out but participation rate has increased over time to roughly 20 per cent, which he described as “phenomenal.”



Source link

Coronavirus worries offset vaccine optimism to pressure European stocks


People sit in a restaurant closed except for takeout food under a four-week semi-lockdown during the second wave of the coronavirus pandemic, on November 11, 2020 in Berlin, Germany.


Sean Gallup/Getty Images

European stocks weakened on Thursday, as worries over the impact of a rise in coronavirus cases on economic growth took the shine off the optimism over progress on a potential vaccine.

Up 6% in the first three days of the week, the Stoxx Europe 600
SXXP,
-0.77%

dropped 0.9%, with banks including HSBC Holdings
HSBA,
-3.96%

and BNP Paribas
BNP,
-3.69%

declining.

The German DAX
DAX,
-1.10%

and French CAC 40
PX1,
-1.30%

both lost more than 1%, while the U.K. FTSE 100
UKX,
-0.52%

dropped 0.7%.

U.S. stocks
SPX,
-0.45%

traded lower as European markets closed.

The U.S. coronavirus situation is worsening, with the country setting another record for confirmed cases on Wednesday. Christophe Barraud, chief economist and strategist at Market Securities in Paris and a multiple winner of MarketWatch’s forecasting contest, pointed out that small-business data that are available show a discrepancy in U.S. activity between northern states in cooler climates and southern states in warmer climates.

He expects more states to join New Jersey and Wisconsin in implementing new restrictions, as hospitalizations are due to spike, given the relationship to cases.

New York bars, restaurants, and gyms must adhere to a new 10 p.m. closing time starting on Friday, Gov. Andrew Cuomo announced Wednesday.

“Therefore, in a context where the economic recovery has already lost momentum, upcoming drastic restrictions will probably result in another GDP [gross domestic product] contraction as soon as the fourth quarter,” Barraud said.

After lockdowns across Europe, the case growth on the Continent has dropped but is still elevated, according to data from the European Centre for Disease Prevention and Control. Data from the U.K. showed that GDP recovered by a slightly below-forecast 15.5% in the third quarter, and by 1.1% in September. Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, said GDP probably was no higher in October than in September and will plummet in November due to the new lockdowns.

Of stocks on the move, German conglomerate Siemens
SIE,
-3.37%

dropped 3% after reporting fiscal fourth-quarter profit slightly ahead of estimates on a 3% revenue drop and guiding for “moderate” growth in profit and sales this year.

Ubisoft Entertainment
UBI,
+4.13%

rose 5%. The French videogames maker said the number of active players on launch day for “Assassin’s Creed Valhalla” doubled that of “Assassin’s Creed Odyssey.”

KPN
KPN,
+6.40%

shares rose 6% after a report from Betaville that it’s attracted interest from multiple potential acquirers.



Source link

Rapper Offset, Cardi B’s Husband, Briefly Detained During Pro-Trump Demonstration in Beverly Hills



Rap star Offset, one third of the group Migos, and Biden surrogate Cardi B’s Husband, was briefly detained by police on Saturday in Beverly Hills, Los Angeles, during a pro-Trump demonstration, according to multiple reports.

Variety reports:

Offset broadcast part of the incident to 30,000 people live on Instagram, after Cardi B, his wife, posted footage of the Trump supporters walking in Beverly Hills.

Police confirmed that Marcelo Almanzar, 20, who shares Cardi’s last name and TMZ reports is her cousin, was detained in an incident fitting that description. The report does not mention Offset; he was apparently briefly detained and released.

“We were told that you guys were waving guns at people,” one police officer said at one point in Offset’s lifestream.

Watch below: 

The rapper can be seen repeatedly refusing to get our of the vehicle.

“You just watched somebody beat my car up with a flag. What are you talking about?” Offset responds to law enforcement.

Offset’s wife, Cardi B, can then be heard saying: “I don’t like this shit, look at this, look how they walking around with fake guns.”

The Beverly Hills Police Department later arrested Marcelo Almanzar, Cardi B’s cousin, for alleged possession of a concealed loaded firearm, TMZ reports.

According to the statement via the Beverly Hills Police Department: “[A]t approximately 5:02PM, Beverly Hills Police received information from a passerby of a subject who pointed a weapon from a vehicle at him; in the area of South Santa Monica Blvd and N. Beverly Drive. The passerby provided a license plate to the vehicle, and the vehicle was stopped by patrol units a short distance away.  After the on scene investigation, the passenger in the vehicle was arrested.  The victim of the crime did not desire to press charges for the pointing of the weapon.”

The incident comes as Cardi B, a supporter of Democrat presidential nominee Joe Biden, faces a defamation lawsuit for allegedly smearing Long Island beachgoers as “racist” Trump supporters.

As Breitbart News reported:

The suit alleges that Cardi B defamed a group of Long Island beachgoers by calling them “racist MAGA supporters” and posting an edited video featuring commentary of an altercation between the beachgoers and her sister, as well as her sister’s girlfriend, reportsPage Six.

Earlier this month, Cardi B attacked Trump supporters as “racist” after her sister apparently feuded with a group of beachgoers over a parking spot. The rapper took to Instagram to post a video that appears to show her sister hurling profanities at the group, one of whom was wearing a MAGA hat.

In August, Cardi B appeared to suggest First Lady Melania Trump previously worked as prostitute, tweeting: “Didn’t she used to sell that WAP?”





Source link

Japanese brewers shift focus to try to offset coronavirus damage


TOKYO — Japanese brewers are trying to adjust to the coronavirus-ravaged landscape by developing healthier drinks and supporting the restaurant industry through e-commerce in hopes of boosting earnings.

Total beer sales in Japan, including retail and from the food service industry, is expected to fall by 20% this year to $28 billion from 2019, according to an estimate by Euromonitor International. Even before the coronavirus outbreak, the market for regular brews shrank in 2019 for the 15th straight year.

Now, with social distancing measures forcing restaurants and bars to either close or reduce opening hours, the outlook for the food and beverage industry is grim.

Kirin Holdings in early August revised down its operational profit forecast for the current fiscal year to 140 billion yen ($1.3 billion) from 191 billion yen previously announced due to the pandemic. For the April to June quarter, the brewer’s net operating profit dropped 23.1% to 69.9 billion yen, in part hit by a fall in earnings at what used to be its highly profitable Australian subsidiary Lion, also a result of the coronavirus.

“We’ll focus on the health category, which is the growth driver of the business,” said Noriya Yokota, chief financial officer of Kirin, during a press conference to announce company earnings early August.

Kirin said the new focus on health drinks came about after sales in its products containing lactococcus lactis strain plasma, or live culture bacteria, doubled in the June quarter from the previous year.

The company also plans to roll out the country’s first sugar-free beer in October under its Ichiban Shibori beer brand, as consumers become more health conscious.

“There were big technical hurdles to develop sugar-free beer. We made full use of our technology to expand the beer market,” Takayuki Fuse, CEO of Kirin Brewery, a unit of Kirin Holdings, told reporters on Aug. 27. The company aims to sell 1.2 million cases this year.

On top of that, the company will also launch in October nonalcoholic Chuhai drinks that it had jointly developed with health supplement maker Fancl, in which Kirin owns a 33% stake. A Chuhai drink is, traditionally, a canned cocktail of shochu mixed with juice or syrup.

Its peer, Asahi Group Holdings, has also come under earnings pressure as sales from restaurants and bars tumble. Japan’s biggest brewer said its net operating profit in the quarter ended June fell by 40.4% to 53.4 billion yen. For the full year, Asahi estimated a decline of 30.4% in operating profit from a year ago.

“Until now, the food-service channel (for example, restaurants, eateries) played an essential role in creating a trend and for branding,” said Tomomi Fujikawa, an analyst at Euromonitor International. “The conventional way of experiencing food or drink at restaurants or eateries before consumption at home has collapsed. Companies are required to address the challenge of how to reach consumers without them experiencing new things at food-service outlets.”

Asahi said it plans to expand a marketing campaign on social media to promote its healthier offerings such as nonalcoholic beer and low-malt beer.

Another key player in the industry, Sapporo Holdings, forecasts its operating profit for the current fiscal year will come in at 1 billion yen, down 91.5% from the previous year. The company said that although demand for beer and food for home consumption rose as consumers stayed home, it did not make up for the drop in sales from restaurants and vending machines.

To compensate for the fall in restaurant sales, Sapporo launched in August an online platform that also allows consumers to order food served at restaurants that sell Sapporo beer. More than 80 restaurants have now participated in the scheme and the brewer hopes that number will rise to 100.

Whisky producer Suntory Holdings is also trying to drum up support for restaurants by launching a project that sells vouchers to consumers for future use so that these eateries have enough cash flow in the meantime to maintain operation. More than 11,000 restaurants have joined the scheme and it had distributed 143 million yen of vouchers early August.

The world’s third largest whisky maker saw a drop in both sales and operating income for the six months ended June, of 10.2% and 19.7%, respectively. Suntory did not reveal any forecast for the full year.





Source link