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3M Stock: Buy, Sell, or Hold?

3M disappointed investors again, and the reaction was harsh. Ongoing legal and regulatory uncertainty changes the math. ....

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Australia's Westpac fails to sell pacific banking business

The company has been trying to leave the pacific for years, with its A$420 million ($264.77 million) divestment deal with Kina Securities back in 2021 being blocked by a Papua New Guinea regulator. "Any failure to successfully divest businesses means that we may have sustained exposure to higher operating costs and to the higher inherent risks in those businesses," Westpac had told the market during its interim results in May. The bank would be starting a new brand campaign in the months ahead in both the countries in a move to improve its standing in local markets, Anthony Miller, CEO of Westpac business and wealth division said in a statement. ....

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Tencent unter Druck - Aktienanalyse (Der Aktionär) | Aktien des Tages

Tencent unter Druck - Aktienanalyse (Der Aktionär) | Aktien des Tages
aktiencheck.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aktiencheck.de Daily Mail and Mail on Sunday newspapers.

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Australian regulator accuses Westpac of insider trading in $12 billion grid sale

Australia's corporate watchdog accused Westpac Banking Corp of insider trading while financing a A$16 billion ($12 billion) energy grid privatisation in 2016, the latest in a series of regulatory problems for the country's No. 2 lender. The Australian Securities and Investments Commission (ASIC) said Westpac knew it had won the contract to help two pension funds buy Ausgrid, a state-owned power supplier to millions of people around Sydney, for two hours while it bought A$12 billion of derivative products to support the deal. "The Ausgrid information was not generally available and it was information which, if generally available, a reasonable person would expect to have a material effect on the price or value of the traded products," ASIC said in a civil lawsuit filed on Wednesday. ....

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COVID-19: Nigeria's successes and trajectories

It has been a little over a year since Nigeria recorded its index case of the novel coronavirus on 27 February 2020, in Lagos. Months have gone by, yet the country grapples to contain the pneumonia-like virus which emanated from a local market in Wuhan, China, spreading across 200 countries of the world and killing over 2,048 people in Nigeria, according to the Nigeria Center for Disease Control, the country’s infectious disease agency. As of 29 March 2021, the centre has recorded at least 162,593 tested cases, which represents more than 0.0769 percent of the country’s population of over 200 million.
The health war is fierce and unlike other countries of the world, Africa’s giant, Nigeria, is threatened by a rather inefficient and insufficient testing capacity. ....

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