Enquire
+822 3450 1676
CALL US

Uncategorized

  1. Home
  2. Uncategorized

Accord Declares Quarterly Dividend of 5 Cents per Share

TORONTO, April 23, 2020 /CNW/ – Accord Financial Corp. (TSX – ACD) (“Accord” or the “Company”) today announced that its Board of Directors has approved a reduction of its quarterly dividend from nine cents ($0.09) per common share to five cents ($0.05) per common share. The dividend is payable June 1, 2020 to shareholders of record at the close of business on May 15, 2020.
Simon Hitzig, the Company’s President and CEO advised, “We’re in a period of unparalleled economic disruption. We entered the economic downturn with a well-diversified portfolio and strong capital base, but the length and scale of the disruption remains to be seen.” Mr. Hitzig added, “We’ve chosen to decrease the quarterly dividend for two reasons: first, to retain more capital in the business, maintaining balance sheet strength through this challenging period, and second, to make sure we can capitalize on the growth opportunities we’re beginning to see as some of our competitors back away.”
About Accord Financial Corp. Accord Financial Corp., founded in 1978, is one of North America’s leading independent finance companies. Serving clients throughout the United States and Canada, Accord’s flexible finance programs cover the full spectrum of asset-based lending, including factoring, receivables finance, inventory finance, equipment finance, trade finance and film/media finance. For 42 years, Accord has simplified access to capital, helping businesses seize opportunity and drive success.
SOURCE Accord Financial Corp.

Continue reading

UK's poor coronavirus testing could slow emergence from lockdown, Deutsche Bank says

LONDON (REUTERS) – The United Kingdom’s poor novel coronavirus testing capacity means that it is likely be one of the world’s laggards to exit the stringent lockdown that has so badly hammered its consumption-based economy, Deutsche Bank said on Thursday (April 23).
British Prime Minister Boris Johnson, recuperating at his country residence after grave Covid-19 complications, is facing criticism from opposition politicians and some epidemiologists for reacting too slowly to the coronavirus outbreak.
He has faced calls for an independent inquiry into the government’s handling of the outbreak after ministers struggled to explain shocking death rates, limited testing and reported shortages of protective kit where it is most needed.

“The UK is lagging behind almost any medium to large economy globally when it comes to coronavirus tests,” Deutsche Bank’s Oliver Harvey said in a note to clients.
“This will materially impact the government’s ability to pursue a ‘test and trace’ approach when it comes to easing the lockdown.”
Health Secretary Matt Hancock promised to get 100,000 per day tested by the end of April, though just 22,814 tests were carried out on April 21 – the latest day for which data is publicly available. A total of 559,935 tests have been carried out in total in the United Kingdom.

Deutsche Bank said that given the British population was supportive of the lockdown and very concerned by the outbreak, the government might find it hard to simply ease it with a Scandinavian herd-immunity style plan.
“The UK will be one of the laggards when it comes to either a lifting of the existing lockdown, or public buy-in when restrictions are eased,” Deutsche Bank’s Harvey said.
And given that consumption makes up such a large proportion of the United Kingdom’s economy, it is highly exposed to the coronavirus crisis, Harvey said.

“The UK appears to be caught in a double whammy,” Harvey said.
“On the one hand, a less developed exit strategy than many other developed economies and question marks over its eventual execution, and on the other an economy that is highly exposed from a sectoral perspective to lockdowns.”

Related Stories: 

Continue reading

The 7th Global New Material Startups Contest kicks off in Ningbo, China

NINGBO, China, April 22, 2020 /PRNewswire/ — The 7th China-Ningbo Global New Material Startups Contest will formally commence in Ningbo, Zhejiang province on April 23, 2020.
Given the rapid emergence of a new round of innovation in science and technology as well as ongoing transformation across all industries, Ningbo National Hi-Tech Industrial Development Zone (also known as New Materials Science and Technology Park) has hosted the Global New Material Startups Contest for six consecutive years, attracting high-level talent projects in a number of sectors, including new materials, life science, high-end equipment, new energy and automobiles.
The final of the 7th China-Ningbo Global New Material Startups Contest will be held in September 2020. Targeting cities in China as well as around the world that have taken the lead in new materials, the smart economy as well as intelligent technologies, this year’s event will adopt an innovative approach to the online + offline model as a vehicle for attracting talents and introducing intellectual resources. The contest will consist of three online qualifying heats and field tryouts which will be held in Xi’an and Shenzhen. Finally, 40 outstanding projects will be selected to participate in the final competition and compete for the top ten positions. The organizer will launch an official website for the contest, helping participants and investors as well as creative talents and entrepreneurs gain an in-depth understanding of the event, while giving them access to important resources, including Ningbo National Hi-Tech Industrial Development Zone’s talent recruitment policy and project docking roadshows.
This year’s event will provide direct benefits for high-level talents and outstanding projects as part of the Hi-Tech Zone’s talent policy, with the top five projects qualifying for grants of up to approx. US$5.6 million (40 million yuan).
 

View original content:https://www.prnewswire.com/news-releases/the-7th-global-new-material-startups-contest-kicks-off-in-ningbo-china-301045821.html
SOURCE Ningbo National Hi-Tech Industrial Development Zone

Continue reading
Stay Updated

      Global Asset Management was founded on the principals of providing excellence in customer service and wealth management. Many years later our approach has remained the same. We pride ourselves on our long-term and multi-generational relationships.

      ADDRESS

      17F East Center
      Center 1 Building
      26 Euljiro 5 gil
      Jung-gu
      Seoul 04539, Korea

      PHONE

      +822 3450 1676

      EMAIL

      info@global-asset-mgmt.com