Broncos coach Kevvie Walters was fired up in a team talk before the match against the Panthers. SOURCE: NRL on Nine
Broncos coach Kevvie Walters was fired up in a team talk before the match against the Panthers. SOURCE: NRL on Nine
Lily James has been blasted for her role in a 'vile' Pamela Anderson miniseries by none other than Pam's pal, Courtney Love. Read her expletive-laden comments here.
(Bloomberg) -- Japan’s recovery stalled last quarter, with the economy shrinking more than analysts expected, as renewed restrictions to contain the coronavirus hit activity, raising the risk of a double-dip recession if the country cannot bring its virus emergency to a swift end.Gross domestic product shrank an annualized 5.1% from the prior quarter in the three months through March, ending a two-quarter streak of double-digit growth, the Cabinet Office reported Tuesday. Economists had forecast an overall contraction of 4.5%.The worse-than-expected result came as businesses unexpectedly cut investment, consumers pulled back and government outlays fell amid a suspension of a travel-promotion campaign to help the ailing tourism industry.Signs of renewed fragility in the economy heighten the risk that the economy could shrink again this quarter, as Prime Minister Yoshihide Suga’s administration struggles to speed up its vaccine rollout and contain virus cases using a targeted approach that attempts to limit damage to the economy.“If the state of emergency is extended, that will certainly raise the odds of a contraction,” said economist Yoshiki Shinke at Dai-Ichi Life Research Institute. “Consumer spending is the biggest missing piece for the economy and it’s hard to predict because it’s very much dependent on the virus situation.”Failure to end the restrictions at the end of May, as planned, could also fuel concerns over the staging of the Tokyo Olympics. Cancellation of the Games would deal another blow to the economy and raise the likelihood that Suga will be consigned to a long list of short-lived premiers. The country is set to hold national elections by early fall.What Bloomberg’s Economist Says...“In the details of Japan’s deeper-than-expected GDP contraction in 1Q, there was even more bad news -- a surprise drop in private investment and an unexpectedly steep buildup in inventories. These signal weakness in the manufacturing sector -- a rare growth driver amid the virus emergency -- and add to downside risks to the economy in 2Q.--Yuki Masujima, economistTo read the full report, click here.The first-quarter drop in capital investment signals companies may be more cautious about the outlook than earlier thought, according to preliminary data, which is often revised. In recent days, a chorus of business executives have also started to voice concern over what they see as an unacceptably slow vaccine rollout in one of the world’s richest countries. CEOs Criticize Japan’s Slow Vaccine Push, Saying Growth at RiskStrong exports and industrial production, meanwhile, continue to provide a bedrock of support to the economy, even though a rise in imports caused the trade component of the GDP to go negative in the first quarter.Consumers also didn’t retrench as much as economists feared last quarter, a fact that may signal a reservoir of underlying demand that could help power the recovery ahead.The resilience also suggests that Suga’s targeted approach has indeed enabled the economy to fend off the worst of another emergency.But rising infection numbers across the nation indicate that the government hasn’t got the balance right or hasn’t adjusted its restrictions quickly enough to account for new virus strains as infections rise and the logic of staging an Olympics is called into question.Until earlier this year Japan was seen a relatively successful example of virus control with low infection rates and deaths achieved without full lockdown measures. The positive optics have been changing as the country’s lengthy vaccine approval process and its slow rollout of jabs have left the country well behind the U.S, the U.K. and other countries with more aggressive inoculation programs.‘Where Are the Vaccines?’ Japan Public Asks as EU Doses RevealedIn an Asahi Shimbun newspaper poll published Monday, Suga’s support rate had sunk to 33%, close to the 30% mark that starts to put Japanese premiers in jeopardy.Japan has had far fewer virus deaths than other G-7 economies, but its slow vaccine rollout has limited its tools for fighting the outbreak and getting the economy back into gear. So far, only about 3% of the population has received even a single dose.“The best economic measures is to accelerate vaccination,” said Dai-Ichi’s Shinkei. “While many other countries consider loosening restrictions, Japan isn’t there yet.”(Updates throughout.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Asian shares rose early on Tuesday, shrugging off worries about an increase in regional coronavirus infections and a subdued session on Wall Street, as inflation jitters helped push gold prices to three-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.13% after a mixed session on Monday. Spot gold traded around $1,871.46 an ounce, near a three-and-a-half month high, after the Empire State Manufacturing Survey, produced by the New York Fed, showed the highest prices paid since the series began in 2001.
American pop star Ariana Grande married her luxury real estate agent fiance Dalton Gomez at her home in Los Angeles on Sunday, US media reported Monday.
Crown was exposed to money laundering as it had little awareness of where cash used by players in junket groups came from, a royal commission has heard.The inquiry into whether the casino giant remains suitable to keep its licence for its Melbourne operations on Tuesday zeroed in on Crown's relationship with junket operators.
Australian canoe competitor Lachlan Tame wants to improve on his bronze medal from Rio. #Tokyo2020
In the section with the header "First Quarter 2021 Financial Results", the last sentence of the fifth paragraph should read: The above includes $28.8 million in debt retirement, $15.1 million in transaction consideration, and $8.6 million in banker transaction fees (instead of: ...and $8.6 million in transaction fees). Also, in that same section, the third paragraph is corrected to read: Operating expenses in Q1 2021 were $61.9 million, which included $40 million of non-cash expenses, comprised of $25 million of the marketing expenses that were settled in shares for services provided under the Roc Nation Agreement. In addition, stock-based compensation of $6.2 million and depreciation & amortization of $7.9 million. The remaining $21.9 million in cash operating expenses were comprised of general and administrative costs of $9.5 million, salaries and benefits of $7.8 million, and sales and marketing expenses of $4.6 million.
(Bloomberg) -- Brent oil edged toward $70 a barrel with optimism building about the demand outlook in key regions such as the U.S., even as the coronavirus makes a comeback in parts of Asia.Futures in London climbed for a third session, while New York crude rose from the highest settlement in two years. The largest number of passengers passed through U.S. airports since the pandemic began, a sign of the domestic travel revival that’s boosting fuel consumption. The rebound in America along with China and Europe is offsetting concerns around weaker consumption in India.Oil is up almost 35% this year amid optimism fuel demand will increase as the vaccination drive accelerates across major economies and boosts mobility. The devastating resurgence in India and new outbreaks in regions that had largely contained the virus such as Taiwan, however, are a reminder that the recovery is going to be uneven and bumpy.“The market is clearly focused on U.S., Europe and China,” said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific. Brent could climb to $72 a barrel quite quickly once it gets through strong resistance at $70, he added.The prompt timespread for Brent was 30 cents a barrel in backwardation -- a bullish structure were near-dated contracts are more expensive than later-dated ones. That compares with 18 cents a week earlier.Passengers checking in through security at U.S. airports surged to 1.85 million on Sunday, the highest since early March 2020, according to Transportation Security Administration data. The flurry of travelers making their way through terminals has steadily climbed for the past month and is now only about 30% lower than levels the TSA saw at the same time in 2019.A weaker U.S. dollar is also boosting the appeal of commodities such as oil priced in the currency. The Bloomberg dollar spot index was lower for a fourth session.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- The surge in commodities prices is failing to trigger some of the traditional responses in bonds and currencies.Unlike recent commodities rallies in 2008 and 2011, yields on Treasuries and currencies of major exporters like Australia have barely budged. Likewise, the Federal Reserve’s favored measure of inflation expectations has disconnected from moves in raw materials.The biggest buffer: Central bank credibility. Led by the Federal Reserve, policy makers have consistently doubled down on lower-for-longer rates and projections for “transitory” inflation. That’s left investors wary to bet against commitments to keep policy loose for the foreseeable future.“The big change this time around is central bank policy,” said Kerry Craig, global market strategist at JPMorgan Asset Management in Melbourne. Ultra-easy monetary policy is now “weighing down currencies that would have naturally risen a lot more during a cycle where commodity prices are rising.”The Australian and New Zealand dollars -- two major currencies whose fates usually rely heavily on trends in commodities consumed by China’s booming economy -- are indisputable laggards. Each has increased less than 0.3% over the past three months.The Canadian dollar, meanwhile, has surged more than 5% as the central bank signaled it may dial back stimulus. The loonie’s rapid rise could give way to pressure on officials to slow development and curb capital inflows, as is usually the case during commodities booms in Canada.Last week, both the U.S. consumer and producer price index reports surprised to the upside, adding fuel to the global inflation debate on the heels of strong Chinese producer price data. Yet the market reaction was relatively muted after the PPI figures -- with 5-year and 10-year yields easing alongside a weaker greenback.The Fed’s own new “common inflation expectations” gauge, which aggregates a range of such measures, is hovering around 2%, a level that officials want to see overshot for some time.Meanwhile, prices have accelerated for materials as disparate as copper, cotton, rubber and lumber, as well as semiconductors, amid supply disruptions and surging demand.The disparity is a sign of the times amid an evolution -- perhaps revolution -- of central banking. The Fed’s commitment to run the economy hot has rattled markets in part because it means abandoning what has long been a core of their strategy: to act preemptively to curb inflation.In this brave new world, market participants are still grappling with whether to trust that officials will act before price surges get out of control and do more harm than good -- balanced against the full-employment mandate.That message is getting through to traders of the Australian and New Zealand currencies, while for others, hints of monetary policy tightening are giving reason to pile in.“The Bank of Canada and Norges Bank are the only central banks in the developed world to give an unambiguous signal that they’re contemplating withdrawing monetary accommodation,” said Stephen Miller, Sydney-based investment consultant at GSFM, a unit of Canada’s CI Financial Corp. “The RBA has been so aggressively beating the drum on keeping the pedal to the metal that it’s worked in terms of keeping the Aussie lower despite iron ore prices soaring.”A closer look at breakeven rates offers further evidence that investors largely aren’t acting on any inflation worries. The U.S. 10-year breakeven, which has jumped to an eight-year high, isn’t sending a clear runaway-inflation message when viewed against long-term trends.If potential for runaway inflation were the trigger, the spot and forward breakeven curves would be upward-sloping, Cornerstone Macro analysts, led by ex-Fed official Roberto Perli, said in a May 11 report. Yet both are inverted, implying a market bet that inflation is temporary.To be sure, some of the usual correlations have broken down due to other pandemic-related worries. The Philippine peso, which usually moves in inverse with oil prices, is relatively stable given that inflation is damped by weak economic growth. That relationship underscores the central banking mantra these days that growth and employment should remain a greater focus than prices.Looking ahead, persistence in materials prices and further hints of wage gains could start to sway the Fed’s message -- and build momentum for investors to respond.“Recent record highs in metal prices are probably just the beginning,” Howie Lee, an economist at Oversea-Chinese Banking Corp., said in a May 11 report. Chinese demand and green-economy investment should keep iron ore and copper, especially, on the upswing, he said.(Updates currency data in fifth, sixth paragraphs and second chart.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Porn, masturbation and anal sex: taboo-breaking podcasts for Arab audiences are shattering the silence that has stymied sex education at home and in the classroom.
Coordination of Canada's coronavirus vaccination campaign is set to be taken over by another army general, the public health agency said Monday, after a probe into allegations of sexual misconduct sidelined her predecessor.
(Bloomberg) -- Argentina’s government is limiting exports of beef, a staple in the country, in the latest unorthodox move to try to contain runaway inflation that’s approaching 50% annually.President Alberto Fernandez told a key beef export association that they won’t be allowed to sell the product abroad for 30 days, according to a Production Ministry statement released late Monday. In that period, the government will determine a set of emergency measures for the sector.The measure shows that the government is willing to sacrifice much-needed dollars from exports to appease local consumers ahead of a key midterm election later this year. The country’s beef exports in 2020 amounted to roughly $3 billion, but the government may be more focused on the political cost of falling domestic consumption.“The president expressed his concern over the sustained growth in domestic beef prices over the last few months,” according to the statement. Discussion at the meeting also included “possible steps to restrict speculative practices” and fiscal evasion. Some of the measures will be adopted over coming days.Fernandez added that the 30-day period could be shortened if the implementation of the measures leads to “positive results,” the note added.Read more: Argentina Inflation Rose Faster Than Expected Again in AprilArgentine beef exports have been surging for four years and reached a record in the first two months of 2021, according to beef group Ciccra. The suspension resembles similar policy decisions during 2003-2015 under the presidencies of Nestor Kirchner and his successor, Cristina Fernandez de Kirchner, which led cattle numbers to plunge and the country losing market share in the international market.The government last month formalized a registry to ensure domestic supplies of beef at accessible prices as well as monitor shipments and supplies at home.Not all beef cuts may be included in the resolution, which has not yet been published, according to a person with knowledge of the matter. The story was first reported by local newspaper La Nacion.(Updates with government statement in second paragraph)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the companies said on Monday. Maersk sold the jack-up drilling rig Maersk Guardian to NFE and the two companies have agreed to the sale of the Maersk Gallant rig for closing in June for a total price of $31 million for both, Maersk said in a statement. A NFE spokesman confirmed in a separate email that the purchases are part of the company's strategy to expand into the burgeoning global LNG market by using existing infrastructure to save on costs.
Taiwan is mobilising its diplomatic corps to hunt for speedier delivery of COVID-19 vaccines - a quest that has become more urgent since a sudden rise in domestic cases on an island that has vaccinated less than 1% of its population. Taiwan has reported more than 700 new domestic infections during the past week, leading to new curbs in the capital, Taipei, and shocking a population that had become accustomed to life carrying on almost normally with the pandemic well under control. Taiwan, a major semiconductor manufacturing hub, has only received about 300,000 shots so far for its more than 23 million people, all AstraZeneca Plc vaccines, and those are rapidly running out.
The breakfast TV host gave a little bit too much away about his married life, on live TV. Read on to see what he said.
Building materials supplier James Hardie wants to win over homeowners as a consumer brand, while it continues paying compensation to asbestos victims.The company on Tuesday posted a gain in full-year net profit after tax of nine per cent and is using a global marketing campaign to deal directly with homeowners as a push for more profits.
Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, announced today that it was again named to the American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts based on a three-year average return on equity as of December 31, 2020 (Source: Capital Performance Group). This is the third consecutive year that Oregon Bancorp, Inc. was ranked #1 in the list of top 200 banks.
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Years on, the alleged perpetrator messaged his victim on Facebook saying he would pray for her.
YERINGTON, Nev., May 17, 2021 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (“Nevada Copper” or the “Company”) today provided an operations update and announces filing of its Q1 2021 Financial Statements and the related management’s discussion and analysis. Q1 2021 Highlights Operations Mining of First Stope: The Company successfully initiated stope mining in Q1 with the first stoping area carrying an average grade of 2.5% CuEq. Lateral development continued to ramp-up in the quarter at the Company’s underground mine at its Pumpkin Hollow project (the “Underground Mine”). As previously announced, development progress has been temporarily slowed in the past few weeks due to cautious progress through a water bearing dike with completion expected in the coming weeks.Mine Hoisting: Following completion of the Main Shaft material handling system in Q4 2020, the Company achieved a peak daily hoisting rate of over 3,000 tons by February 2021 at the Underground Mine and has achieved a hoisting rate equivalent to 5,000 tons per day (“tpd”) on a shift basis demonstrating that the mine hoisting system is capable of functioning at design specifications. In Q1, the Company completed significant electrical upgrades to provide sufficient power for additional production equipment and ventilation in support of ramp-up at the Underground Mine. As previously reported, certain commissioning items that constrained hoisting rates early in the quarter were rectified. With the installation of additional ventilation as planned and completion of dike grouting in the coming weeks, the Company anticipates sustainable production of 3,000 tpd by the end of Q2 and continuing to ramp-up further to steady state production.Ventilation Expansion: To date, the Company has completed the construction of the fan bulkheads and is currently installing the two remaining underground ventilation fans to be completed as scheduled this month. The surface ventilation fans planned for installation in Q3 2021, may now arrive at site a few weeks later than planned due to extended shipping times arising from COVID-19 related delays. Consequently, it is expected that the commissioning of the surface fans will not be completed until Q4 2021, which is anticipated to delay the achievement of full steady state production of 5,000 tpd by a similar period.Processing: There were significant improvements made to the processing plant performance and recoveries during the quarter. The Company achieved a weekly average of 4,700 tpd and a maximum daily milling throughput of 5,000 tpd during March, while batch processing ore. 119,000 tons of ore was processed through the concentrator in Q1. Approximately 3,173 tons of concentrate was produced at a 24% average copper grade for Q1 and reaching 26% average copper grade in March. Recoveries improved from 82% in Q4 2020, to recovery levels above 90% in 2021. “I am pleased with the progress achieved in Q1 at our underground mine and the dedication of our team,” stated Mike Ciricillo, Chief Executive Officer of Nevada Copper. “The operation made significant progress through the ramp-up during the first quarter, and we look forward to the interim milestone of production rates of 3,000 tpd expected in June, 2021 and continuing our ramp-up to steady state production.” Open Pit and Property Exploration Plans During Q1 the Company released its property development objectives, including: Open Pit: Follow-up on internal studies which indicate optimized project scaling has potential to improve project economics, including a concurrent phase 1 and phase 2, plus potential larger ultimate production scale; andPlans to undertake infill and extension drilling with aim to bring newly defined mineral inventory into reserves, providing the potential to further improve project economics, followed by release of a resource and reserve update. Exploration: Plans to follow-up on new exploration targets added through the further expansion of the Company’s properties to the east and analysis of geophysical surveys. Underground Future Extension: Additional inferred resources to be in-filled as underground mining advances into new zones;Underground mine extension targets to be further evaluated, including a new potentially large target to the east of the main shaft that is previously untested; andStudy of future expansion potential. Finance Updates During 2021, the Company completed certain financing transactions, including: The Company completed a public offering of units for aggregate gross proceeds of approximately C$38 million and concurrent private placement for aggregate gross proceeds of approximately C$13.1 million.The Company also entered into a credit facility with Pala providing for US$15 million, plus a further US$15 million accordion which Pala has confirmed will be made available to the Company as required (the “2021 Credit Facility”). The Company has drawn the full US$15 million under the original 2021 Credit Facility and US$7.5 million under the accordion feature.Pala has further confirmed it will provide up to an additional US$10 million to the Company through an increase to the 2021 Credit Facility or other form of financing as may be agreed with the Company, in order to provide additional financial resources needed to address the impact of slower development progress through the dike structure during ramp-up.The availability of funds under the Company’s working capital facility with Concord Resources Limited was also increased from US$35 million to US$40 million. During Q1, the Company’s wholly-owned subsidiary, Nevada Copper, Inc., settled legacy disputes with two contractors which improved the Company’s working capital position. Q1 2021 Financial Statements The Company has filed on SEDAR its condensed interim financial statements and the related management’s discussion and analysis for the quarter ended March 31, 2021. These documents are available on the Company’s website at www.nevadacopper.com and the Company’s SEDAR profile at www.sedar.com. Qualified Persons The information and data in this news release was reviewed by Greg French, C.P.G., and Norm Bisson, P.Eng., for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101. About Nevada Copper Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status. NEVADA COPPER CORP.www.nevadacopper.com Mike Ciricillo, President and CEO For further information contact:Rich Matthews, Investor RelationsIntegrous Communicationsrmatthews@integcom.us+1 604 757 7179 Cautionary Language This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development plans, production and ramp-up plans and the expected costs, timing, results and funding thereof, and equipment installation. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information are subject to known or unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: the ability of the Company to complete the ramp-up of the Underground Project within the expected cost estimates and timeframe; requirements for additional capital and no assurance can be given regarding the availability thereof; the impact of COVID-19 on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, construction and ramp-up of the Underground Project; loss of material properties; interest rates increase; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2020 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 18, 2021. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information.