G20 statement swerves call for end to trade war

first_imgUS Treasury secretary Steve Mnuchin attended the two day meeting in Fukuoka, Japan, which convened the G20’s finance chiefs and central bankers. He has been a key negotiator with China over trade. Harry Robertson Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndo The statement also included a pledge to “redouble our efforts” to find a solution to tax avoidance by giant technology companies by 2020. US Federal Reserve Bank Chairman Jerome Powell (C) leaves the room with Chancellor of the Exchequer Philip Hammond (R) as OECD Secretary-General Angel Gurria (L) looks on at the end of a family photo session at the G20 finance ministers and central bank governors meeting in Fukuoka on June 9, 2019. (Photo by TOSHIFUMI KITAMURA / AFP) (Photo credit should read TOSHIFUMI KITAMURA/AFP/Getty Images) Sunday 9 June 2019 6:51 pm Share It went on: “However, growth remains low and risks remain tilted to the downside. Most importantly, trade and geopolitical tensions have intensified.” The communique from the meeting said: “Global growth appears to be stabilising, and is generally projected to pick up moderately later this year and into 2020.” She said “the principal threat” to the global economy “stems from continuing trade tensions”, and revealed the IMF thought US-China tariffs could reduce the level of global GDP by 0.5 per cent or around $455bn (£357bn) in 2020. G20 finance ministers have warned “trade and geopolitical tensions” pose a risk to international growth in an official statement, without directly addressing the US-China trade dispute. whatsapp whatsapp Read more: IMF head: US-China trade war biggest threat to global growth Yet the communique did not condemn the ongoing trade war or say it should be resolved, likely as a result of US opposition to such a statement. Closing the meeting in Fukuoka, Christine Lagarde, the head of the International Monetary Fund (IMF), tackled the issue of US-China trade tensions head on. “To mitigate these risks, I emphasised that the first priority should be to resolve the current trade tensions – including eliminating existing tariffs and avoiding new ones,” she said. Read more: Barclays: ‘Escalation scenario’ increasingly likely in US-China trade war G20 statement swerves call to end US-China trade war More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com After much debate over the wording of a “communique” from their meeting in Japan, ministers today said they will “continue to take joint action to strengthen international cooperation and frameworks”. The statement came a month after US President Donald Trump slapped 25 per cent tariffs on $200bn of Chinese goods in a move that has rocked global stock markets.last_img read more

Damage tally to Anchorage utilities, facilities stands at $30M

first_imgEconomy | Local Government | SouthcentralDamage tally to Anchorage utilities, facilities stands at $30MDecember 15, 2018 by Zachariah Hughes, Alaska Public Media Share:Construction began immediately to repair the ramp at the intersection of International Airport Road and Minnesota Drive after it collapsed during a magnitude 7.0 earthquake on Friday, November 30, 3018 in Anchorage, Alaska. (Photo by Rashah McChesney/Alaska’s Energy Desk)The Municipality of Anchorage is beginning to calculate what all the damage from last month’s earthquake will cost the city. For the last two weeks, inspectors have been assessing damage to public structures and facilities.That work will continue for months, but city workers have seen enough to come up with an initial estimate.“Based on what we have seen, it’s an estimate of about $30 million,” said Lance Wilber, Director of the city’s Office of Management and Budget.Those costs are divided about evenly between three different entities, according to Wilber. Anchorage Water and Wastewater Utility sustained about $10 million worth of damage from dozens of broken water-mains. The Solid Waste Services will need about the same amount, primarily for work at the regional landfill in Eagle River. Another $10 million is set for repairs to roads, public buildings and park and recreation facilities.“We’re going to start off by asking the Assembly for an emergency ordinance for $30 million, and it will be used in those three areas,” Wilber said.The municipality’s damage assessment doesn’t include the additional money it will take to fix schools, private residences or commercial buildings. Estimates for those are still being tallied locally and by state officials.The administration’s emergency ordinance goes before the Assembly on Tuesday.Share this story:last_img read more

News / Japanese shipping trio NYK, K Line and MOL see improved results in first quarter

first_img Japan’s NYK, MOL and K Line all improved profitability in the first quarter of their fiscal year (ending 31 March 2016), mainly due to the benefits of a 42% decline in the price of bunker fuel and a 15% drop in the value of the Japanese yen versus the US dollar.The largest of the shipping trio, NYK, reported a massive 321% increase in its net income for the period, compared with Q1 2014, to ¥43bn ($350m), but this included an element of booked gain from the $550m sale of Crystal Cruises to Hong Kong’s Genting.Drilling down into its business segments, NYK’s container division performed surprisingly well, contributing ¥3.9bn against a negative ¥100m in the first quarter of 2014.The company said that its Asia-North America trade increased in “comparatively robust conditions”, albeit demand declined and spot rates fell to “historically low levels” between Asia and Europe, resulting in a “challenging business environment”.In addition to the low fuel prices, NYK credited improved fleet efficiency to the policy of cutting uneconomical container vessels and deploying bigger ships to reduce unit costs.The Loadstar’s financial analyst, Alessandro Pasetti, has been critical of NYK for its strategy and lack of transparency in its accounts. He wrote in June: “Not only is its asset base too diverse, but its financials are complex.”Meanwhile, MOL also improved its net profit in Q1, compared with the same period of the previous year, to ¥12.7bn ($104.4m), from ¥8.5bn, although its troublesome container business stayed in the red, losing ¥5bn versus the ¥7.2bn loss recorded a year earlier.MOL said that cargo volumes on Asia to Europe routes had “declined considerably”, while the supply/demand gap “expanded due to the deliveries of large vessels”.It added that freight markets on Asia-South America and intra-Asia routes “also slumped”, although cargo volumes on transpacific routes “were firm”.MOL said it had endeavoured to compensate for weak markets by cancelling sailings and implementing more slow-steaming. This radical cost-cutting was in evidence recently through its short notice withdrawal from the Europe-West Africa trade, which it operated with Hapag-Lloyd.Like NYK, K Line managed to keep its container business in the black during the period, with it contributing ¥4.1bn to the company’s ¥10.2bn ($83m) net profit, compared with ¥2.2bn and ¥4.3bn in Q1 2014.K Line described the freight rate market for Asia-Europe and Asia- South America as “dull”, blaming the increased delivery of “new large-sized vessels” for the malaise. The carrier recorded a substantial 11% year-on-year drop in its Asia-Europe cargo volumes, but in contrast increased its Asia to US carryings by an impressive 9%.K Line enjoyed the benefit from a recovery in the oil tanker market in the quarter and said that, despite many other negative factors, its ongoing cost savings, the yen’s further depreciation and the decline in fuel prices had assisted its improved financial position. By Mike Wackett 31/07/2015last_img read more

Clovis Oncology pays $20 million to settle charges of misleading investors

first_img GET STARTED Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Alex Hogan/STAT Clovis Oncology pays $20 million to settle charges of misleading investors Clovis Oncology (CLVS), its chief executive, and a former chief financial officer will collectively pay more than $20 million to settle civil charges of misleading investors about a lung cancer drug that was being developed.During a four-month period beginning in July 2015, the drug maker and chief executive Patrick Mahaffy made various misleading statements about the effectiveness of its rociletinib drug compared with another treatment. Specifically, investor presentations, press releases, and regulatory filings boasted the drug demonstrated a 60 percent patient response rate. Tags legalpharmaceuticalsSTAT+ Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED What is it? By Ed Silverman Sept. 18, 2018 Reprints About the Author Reprintscenter_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Log In | Learn More Ed Silverman What’s included? @Pharmalot STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. [email protected] Pharmalot last_img read more

Three Portlaoise dual players who have been extremely busy since July

first_img By Alan Hartnett – 29th November 2018 Community Council Facebook Twitter Community Twitter Dual players are a rare breed in today’s game and these three lads are prime examples of why that is so.Almost every week since July 19, Ciaran McEvoy, Cahir Healy and Frank Flanagan have been playing competitive games in either hurling or football.McEvoy leads the way in terms of appearance having played in every single game for the hurlers and footballers since July 19 when he was part of the Portlaoise team that lost to Rosenallis in Round 1 of the Senior A.He has played a total of 15 games in the last 18 weeks – winning 12 of them and losing just three.With the footballers, McEvoy was on the Portlaoise’s sides who defeated Ballyfin Gaels and Graiguecullen in the early rounds and he was alongside Kieran Lillis at midfield again as they got the better of Ballyroan-Abbey.St Joseph’s fell to the Town in the semi final and they then claimed their 11th title in the last 12 years defeating O’Dempsey’s in the decider.McEvoy was excellent as Portlaoise dumped Moorefield out of Leinster in the quarter final but despite his best efforts, Kilmacud Crokes ended their journey last Sunday.The hurlers lost to Clonaslee and then Rosenallis two weeks later before saving their season by defeating Trumera in the final group game.This set up a quarter final clash against Shanahoe Gaels where Portlaoise once again prevailed before defeating Clonaslee and then The Harps to win the championship.The hurlers then entered Leinster where they got the better of Glenealy of Wicklow in the quarter final before defeating Ballinaghmere of Offaly in the semi final to reach Saturday’s final.McEvoy played in all of those games while Cahir Healy has played 14 games in the last 17 weeks as he missed the first round of the hurling as he recovered from a knee injury.The 32-year-old’s commitment to both codes is made all the more remarkable considering he commutes home from London, where he is a teacher, every weekend.Frank Flanagan spent the summer in America and his first game back was the quarter final of the Senior A hurling championship against Shanahoe Gaels.But since he has returned, he has been extremely busy as he has played either code for the Town for 10 out of the last 11 weeks.On Saturday, Portlaoise face Graigue-Ballycallan in the Leinster Club Intermediate hurling championship final and you can be sure these three will feature prominently once more.SEE ALSO – Two Laois senior hurling teams in advanced talks to join and form new club TAGSCahir HealyCiaran McEvoyFrank FlanaganPortlaoise Three Portlaoise dual players who have been extremely busy since July Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Laois secondary school announces scholarship winners for new academic year WhatsApp Facebook Home Sport GAA Three Portlaoise dual players who have been extremely busy since July SportGAA RELATED ARTICLESMORE FROM AUTHOR Previous articleCounty Secretary Handy calls for introduction of Senior A football championshipNext article‘One in eight crimes are committed on bail’ Laois councillor calls for more stringent electronic tagging Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Pinterest New Arles road opens but disquiet over who was invited to official opening WhatsApp Pinterestlast_img read more

St Fergal’s Rathdowney bow out in All-Ireland semi-final

first_imgHome GAA Camogie St Fergal’s Rathdowney bow out in All-Ireland semi-final GAACamogieSport Both teams traded a goal a piece, with Tynan converting St Fergal’s third. However it was too late for the Laois school to claw back the difference and it finished St Fergal’s 3-2 Colaiste Mhuire 3-10.Today ends a stellar year for the St Fergal’s senior camogie team.They comprehensively defeated Kilbeggan, Westmeath to make it through to the Leinster final.Here, they managed a magnificent feat of winning the Leinster final against the Kilkenny side of Coláiste Mhuire, Johnstown by 1-5 to 5 points on Saturday, January 19.However there is another semi-final to look forward to for trainer Fergal Ryan and co.The junior All-Ireland semi-final takes place in Rathdowney on Saturday, February 23 where a big support is encouraged to cheer on the Laois representatives.SCORERS – St Fergal’s Rathdowney: Tiegan Reilly Bowe 1-1, Clodagh Tynan 2-2ST FERGAL’S RATHDOWNEY: Emma Dunphy; Emily Carroll, Ellen Hennessy, Denise Healy; Holly Bowe, Clodagh Tynan, Niamh Bracken; Tiegan Reilly-Bowe, Gemma Bowe; Chloe O’Riordan, Zoe Daly, Alannah Tynan; Ava Coss, Catherine Galbraith, Shona Jones. Subs: Emily McCane and Ella HayesSEE ALSO – Duignan ends Leinster final dreams for Mountrath CS Facebook Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ By Siun Lennon – 9th February 2019 Council TAGSSt Fergal’s Rathdowney St Fergal’s Rathdowney 3-2 Colaiste Mhuire Ennis 3-10All-Ireland senior ‘D’ semi-finalToday was a tough day of semi-finals for Laois schools. Mountrath hurlers were knocked out of a spot in the Leinster final by Colaiste Cholm, while another Colaiste – this time Colaiste Mhuire – saw off St Fergal’s Rathdowney in the All-Ireland semi-final.The Ennis side proved to be a tough outfit throughout – and went six points up before St Fergal’s replied. Previous articleDuignan ends Leinster final dreams for Mountrath CSNext articleUPDATED: Major electricity outage strikes Portlaoise ESB confirm Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. St Fergal’s Rathdowney bow out in All-Ireland semi-final Twitter RELATED ARTICLESMORE FROM AUTHOR Community WhatsApp Facebook Twitter Pinterest WhatsApp Pinterest Tiegan Reilly Bowe landed a fine free to cut the scoring hiatus, while young Clodagh Tynan, already a force to be reckoned with her St Brigid’s club, added another from a long-range free.Reilly Bowe added a goal from a 40 yard free to put just a point between the teams but Colaiste Mhuire hit back a minute later to leave the sides at Colaiste Mhuire 1-6 St Fergal’s 1-2 at half-time.St Fergal’s came out all guns blazing and secured a second goal off the stick of Clodagh Tynan from a long-range placed ball to make 2-2 to 1-6.However Colaiste Mhuire piled on another 1-3 to their tally without reply to make it 2-9 to 2-2 with five minutes left.Stellar work from goalkeeper Emma Dunphy and full-backs Emily Carroll, Ellen Hennessy and Denise Healy kept out further possibilities of goals for the Clare women. New Arles road opens but disquiet over who was invited to official opening Community Laois secondary school announces scholarship winners for new academic yearlast_img read more

Deaths in Laois – Tuesday, December 29, 2020

first_img Twitter Facebook WhatsApp Facebook Electric Picnic Pinterest Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival WhatsApp TAGSDeaths in Laois Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.Noreen Roche (née Stewart)Crookedwood Cross Boley, Abbeyleix, LaoisPeacefully at her residence in the loving care of her devoted family. Deeply regretted by her beloved husband William, daughters Karen, Gráinne and Siobhán, sons-in-law Ronald, John and David, grandchildren Amélie, Dylan, Matthew, Senan and Fiadh.Due to current restrictions a private Family Funeral will take place. Requiem Mass will take place in the Church of The Most Holy Rosary, Abbeyleix on Wednesday 30th. December at 12 noon and can be viewed on https://abbeyleixparish.ie/webcam/. Interment afterwards in St. Patrick’s Cemetery.Geraldine Dollard (née Hughes)Clontarf, Dublin / Portlaoise, Laois(Peacefully) in the care of the wonderful staff at Belmont House Nursing Home. Predeceased by her beloved husband Christy. Sadly missed by her family, loving daughters Noreen, Geraldine and Paula, sons-in-law Gerry, Dominic and Geraldine’s partner Gerry. Devoted grandmother to Ceileigh, Christopher, Andrew, Paula’s step-daughter Katy, nieces, nephew, relatives and a wide circle of friends.Rest in Peace.Due to Government advice regarding public gatherings, a private Funeral Mass will take place for Geraldine’s family only, on the 30th December 2020.Brendan CondronCarrick Hill, Portlaoise, Laois/Tullamore, OffalyPassed away peacefully in St. Vincent’s Private Hospital surrounded by his loving family. Beloved son of Frank and the late Rosie Condron (Tullamore). Sadly missed by his loving wife and best friend Bridie, daughter Mairead, sons Brian, Niall, Fergal and Dermot, adored granddaughters Evelyn and Lois, daughters in law Elisabeth, Catherine and Caroline, sister Nuala, brother Francis, brothers in law, sisters in law, extended family, neighbours and friends.Family flowers only. Donations instead to Irish Cancer Society.Given the current exceptional circumstances and to protect the welfare of everyone who knew him, a private funeral, with immediate family only, will take place at 12 noon on Monday in St. Peter and Paul’s Church, Portlaoise and will be streamed on thewebcam http://www.portlaoiseparish.ie/web-cam/. Burial will follow in SS Peter and Paul’s Cemetery.SEE ALSO – Deaths in Laois – Monday, December 28, 2020 Home Deaths Deaths in Laois – Tuesday, December 29, 2020 Deaths RELATED ARTICLESMORE FROM AUTHOR Electric Picnic apply to Laois County Council for new date for this year’s festival By LaoisToday Reporter – 29th December 2020 Previous article2020 Remembered: Laois man’s search for late dad’s family yields positive resultNext article2020 Remembered: 13 young players to watch out for in the Premier Intermediate and Intermediate hurling championships LaoisToday Reporter Twitter Electric Picnic Electric Picnic Electric Picnic organisers release statement following confirmation of new festival date Deaths in Laois – Tuesday, December 29, 2020 Pinterestlast_img read more

ASC settles insider trading case against former Daylight Energy CEO

SEC alleges man sold insider trading tips on dark web Share this article and your comments with peers on social media In settling the case, Lambert admitted that he “made an error in judgment” when he purchased Daylight Energy shares back in August 2011 with knowledge of an unsolicited letter of interest from Sinopec International Petroleum Exploration and Production Company (SIPC) regarding the possible acquisition of Daylight Energy. Sinopec acquired the firm several months later, and Lambert remains president and CEO of the subsidiary. According to the ASC, while he did not believe the letter was material information that would prohibit trading, Lambert acknowledged that as the firm’s president and CEO he was “obliged to be carefully attuned to trading issues.” “It is important that senior company officials — insiders — understand that insiders cannot trade while in possession of undisclosed material information; whether or not that material information must yet be disclosed under our continuous disclosure regime,” said Bill Rice, chair and CEO of the ASC and chair of the Canadian Securities Administrators (CSA). “Additionally, if in doubt, insiders should always err on the side of caution and not trade.” Keywords Insider tradingCompanies Alberta Securities Commission James Langton FINRA bans analyst for insider trading ASIC ready to make deals with devils Related news Facebook LinkedIn Twitter The Alberta Securities Commission (ASC) has settled insider trading charges with the chief of an energy company that traded in his company’s shares, knowing that another firm had expressed interest in buying it. In a settlement with the commission the former president and CEO, of Daylight Energy, Anthony Lambert, agreed to pay out the $129,000 profit he made from the trades in question, plus another $100,000 towards the costs of the ASC’s investigation. He also agreed not to become a director of a reporting issuer for two years; and that he must only trade through a registered rep that has been given a copy of the settlement for two years. read more

Canaccord Genuity adds advisory teams

first_img TD getting new head of private wealth, financial planning Share this article and your comments with peers on social media Facebook LinkedIn Twitter Related news Jim Cumming, vice president, investment advisor, brings more than 30 years of advisory experience and with support from his partner, Taylor Cumming, has developed a strong track record of delivering value for clients. Cumming was recognized as a Chairman’s Club member for the duration of his 16-year tenure at his previous firm, Raymond James Ltd. Danny Pero, vice president, investment advisor brings more than 10 years of proven experience advising clients on a broad range of financial planning strategies. He was previously a branch manager with Raymond James in Vancouver. Philip Kuzyk, vice president, investment advisor, portfolio manager brings 15 years of portfolio management experience. Previously, he was also a branch manager with Raymond James in Vancouver With support from advisors Ed Whitehead, Brent Woyat, Robert Brough, Camillo Di Prata and Chuck Vidalin, the group will deliver a comprehensive suite of portfolio management, wealth, insurance and estate planning services for clients and their families. “These key appointments reflect our continued efforts towards strengthening our Canadian Wealth Management business and growing discretionary assets under management,” said Paul Reynolds, president and CEO of Canaccord Genuity Group Inc., in a release. In addition to the broader resources of Canaccord Genuity Group, clients of Canaccord Genuity Wealth Management investment advisors will have access to a suite of proprietary asset management products, Canaccord Genuity Global Portfolio Solutions (GPS), to be launched in the coming months. Keywords AppointmentsCompanies Canaccord Genuity Group Inc. center_img PenderFund names new SVP for investments CI GAM names its first-ever head of investment management Canaccord Genuity Group Inc. (TSX:CF) Wednesday announced the addition of new investment advisory teams to its Canadian wealth management division. Operating from the Vancouver branch, the group is responsible for the management and administration of more than $300 million in client assets. IE Staff last_img read more

Venture capital investments in N.B. reach a new high

first_imgJames Langton “The amount of venture capital investments in the province is a direct indicator of the strength of our start-up entrepreneurial eco-system and the ongoing development of these companies,” says Jeff Harriman, senior analyst, capital markets, at the FCNB, in a statement. “The average size deal has continued to grow, with the average deal in 2016 at $1 million compared to $780,000 in 2015.” In addition, public companies in the province raised a total of $102.7 million in 2016. Of that total, $96.7 million was raised in public markets by just two firms. A healthcare firm raised $73.6 million and a real estate company raised $23 million. The remainder was generated in the exempt market by the same real estate firm. Over the past five years, $1.45 billion was raised by public and private companies in the province, the report says. The bulk of that amount, $1.14 billion, was raised through the exempt markets, with $231 million generated in the public markets, and $72 million in VC. In 2016, just $19.5 million was raised through the exempt markets, including $12 million in equity and $7.5 million in debt. “New Brunswick companies are adopting various alternative methods of financing their operations, including using platforms such as Kickstarter,” adds Harriman. “We will continue to follow these new or alternative methods of financing. Future reports will also focus on equity crowdfunding and usage of the Community Economic Development Corporation program.” Equity crowdfunding is not an option that many firms have used so far, the report notes. However, New Brunswickers initiated 239 projects on Kickstarter during 2016. Ninety-six projects were successful, 104 failed, 33 were suspended/cancelled, and six were still live. New Brunswick’s largest companies generated significant merger and acquisitions (M&A) activity during the year, the report notes. “While the number of M&A deals decreased this year, M&A activity remains strong in the province with more than 85 deals occurring in the past five years,” it says. Related news Share this article and your comments with peers on social media N.B. to modernize credit union regulation N.B. online insurance licensing system ready for public testingcenter_img N.B. delegates dealer registration to IIROC Keywords New BrunswickCompanies Financial and Consumer Services Commission Private and public companies in New Brunswick raised more than $130 million in new capital last year, according to the 2017 edition of the New Brunswick Capital Markets Report published the Financial and Consumer Services Commission (FCNB). A total of $31 million was invested in local firms by venture capital (VC) firms in 31 deals in 2016, up from $11.6 million in 2015. The bulk of the VC deal activity was in the information and communications technology (ICT) sector, which represented 77% of the total activity. According to the report, 65% of the total capital raised was made in later- and expansion-stage companies; early-stage investments totalled $9.7 million in 2016. Facebook LinkedIn Twitterlast_img read more