Finance firm CLSA Premium recorded $15m loss before FMA imposed restrictions on trading
16 Mar, 2021 04:42 AM
3 minutes to read
Last year the FMA launched proceedings against CLSAP NZ alleging breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.
Duncan Bridgeman is head of premium business content for the New Zealand Heraldduncan.bridgeman@nzherald.co.nz@Dunc1000
Financial services firm CLSA Premium NZ, formerly KVB Kunlun, slumped to a $15m loss prior to being effectively shut down by the Financial Markets Authority for failing to meet audit and assurance requirements. In accounts just filed to the Companies Office, CLSAP NZ showed a net loss of $14.97m in the year ended December 31, 2019 as operating income tumbled from $77.9m to just $3.26m.
Common Bond On-The-Go, 3210 N. Shepherd, opened March 4 in Garden Oaks. It s the second location for the brand s more casual, trimmed down version of its popular Common Bond Bistro and Bakery. The first offshoot opened in the Heights in May 2020.
Common Bond s success lies in its fresh baked bread and beautiful pastries which offer Houstonians a taste of European-style delicacies. The pastries, though not inexpensive, are delicious pieces of art and the breads are reminiscent of a Parisian boulangerie. While the full-on Common Bond Bistro offers a place to unwind and linger, the On-The-Go version offers a limited menu of grab n go salads, sandwiches and breakfast treats. However, there s a full pastry case and a small selection of loaves is available. The Country Sourdough is a particular favorite among Houstonians. Its croissants are also a big draw with butter, Nutella, pistachio and chocolate iterations.
Oil change: How the collapse in crude demand during the pandemic could be a blessing for Canadian producers theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
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You won’t find this setup often - or possibly ever: A small-cap explorer sitting on a massive Permian basin that has potential for a major onshore conventional oil discovery.
And the drill bit just hit the ground in a three-well campaign…
Because it’s a small-cap sitting on such a huge basin (8.5 million acres), its stocks are already soaring in anticipation of the first results, which are soon to be released.
Drilling started just over a week ago, and already the stock is supercharged, gaining over 100% since January 1st.
Onshore, there is almost no oil or gas regions left unexplored on land, except in Africa, which remains underexplored.
Operator
Ladies and gentlemen, greetings, and welcome to the Valero Energy fourth-quarter 2020 earnings conference call. [Operator instructions] It is now my pleasure to introduce your host, Homer Bhullar, vice president of investor relations. Thank you, sir. You may begin.
Homer Bhullar
Vice President of Investor Relations
Good morning, everyone, and welcome to Valero Energy Corporation s fourth-quarter 2020 earnings conference call. With me today are Joe Gorder, our chairman and CEO; Lane Riggs, our president and COO; Jason Fraser, our executive vice president and CFO; Gary Simmons, our executive vice president and chief commercial officer; and several other members of Valero s senior management team. If you have not received the earnings release and would like a copy, you can find one on our website at investorvalero.com. Also attached to the earnings release are tables that provide additional financial information on our business segments.