Endeavour Mining Decides To End Merger Talks With Centamin – Quick Facts
Endeavour Mining Corp. (EDV.TO) said it does not intend to make a firm offer for Centamin plc (CELTF.PK,CEY.L,CEE.TO). Earlier, Centamin informed that it does not intend to seek an extension to the January 14, 2020, PUSU deadline.
Sebastien de Montessus said: “The quality of information received during the accelerated due diligence process has been insufficient to allow us to be confident that proceeding with a firm offer would have been in the best interests of Endeavour shareholders.”
Endeavour Mining said, following a period of significant investment, its business is now well positioned to generate significant cash flow.
Climate Change Is EU Citizens’ Top Worry, But Not Everywhere
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Almost 50% of European Union citizens identify climate change as one of the three biggest challenges facing their country right now, making it the top concern ahead of access to healthcare and unemployment, according to a survey by the European Investment Bank. Still, results differ vastly by country, with about 60% in Austria, Denmark and Germany identifying it as a top worry, while in Bulgaria and Latvia it’s less than 20%. That compares to 73% in China and 39% in the U.S.
Irish PM to call February national election: president's office
DUBLIN (Reuters) – Irish Prime Minister Leo Varadkar will ask President Michael D. Higgins to dissolve parliament on Tuesday in order to hold a parliamentary election in February, the president’s office said in a statement.
The Irish Times and national broadcaster RTE said Varadkar had told his ministers the ballot would be on Feb. 8. [L8N29J33T]
Sensex, Nifty scale fresh lifetime peaks for 2nd straight session
Nifty scaled its lifetime high.
Market benchmark indices Sensex and Nifty scaled fresh record levels on Tuesday, led by gains in index-heavyweights HDFC, ITC, Axis Bank and TCS.
In a choppy trading session, the 30-share BSE Sensex hit life-time high of 41,994.26 in day trade. It finally settled 92.94 points or 0.22% higher at 41,952.63 — its all-time closing high.
The broader Nifty scaled its lifetime high (intra-day) of 12,374.25, before ending 32.75 points, or 0.27%, higher at 12,362.30, which is a record closing level.
Hero MotoCorp was the top gainer in the Sensex pack, rallying 2.15%, followed by ITC, M&M, Tech Mahindra, Nestle, Axis Bank, NTPC, HDFC and TCS.
On the other hand, IndusInd Bank, RIL, Kotak Bank, SBI, L&T, ONGC and ICICI Bank fell up to 3.85%.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a mixed note.
Exchanges in Europe were off to a tepid start.
Brent crude oil futures rose 0.16% to USD 64.30 per barrel.
The rupee was trading flat at 70.85 per US dollar (intra-day).
Seth Meyers: Donald Trump Is Using George W. Bush’s Iraq Tactics On Iran
Seth Meyers had déjà vu on Monday’s broadcast of “Late Night.”
Meyers noted “we’ve been through this before” as he dissected the latest developments in President Donald Trump’s now-paused escalation with Iran and the White House’s shifting explanations for killing top Iranian Gen. Qassem Soleimani that sparked them.
“In the run-up to the Iraq War in 2002 and 2003, the (George W.) Bush administration repeatedly lied about the intelligence they used to justify that war in eerily similar ways,” he said.
They claimed definitively that (former Iraqi President) Saddam Hussein had weapons of mass destruction and that he had ties to the terrorists who carried out 9/11. They manipulated intelligence and concocted all kinds of lies about that intelligence to justify an immoral and catastrophic war that destabilized the region and the world and they were adamant and unequivocal about it.
Meyers recalled one of Bush’s more infamous ramblings about the Iraq War before using a Trump tweet to answer his own question of: “Remember when we thought we could never elect a dumber president than George W. Bush?”
Check out the full clip above.
Citigroup Inc. Q4 Earnings Climb
Citigroup Inc. (C) released a profit for its fourth quarter that advanced from last year.
The company’s profit came in at $4.98 billion, or $2.15 per share. This compares with $4.31 billion, or $1.64 per share, in last year’s fourth quarter.
The company’s revenue for the quarter rose 7.4% to $18.38 billion from $17.12 billion last year.
Citigroup Inc. earnings at a glance:
-Earnings (Q4): $4.98 Bln. vs. $4.31 Bln. last year.
-EPS (Q4): $2.15 vs. $1.64 last year.
-Revenue (Q4): $18.38 Bln vs. $17.12 Bln last year.
Lyft forms advisory council responding to rider and driver safety concerns
Lyft launches rental car service
FOX Business’ Susan Li breaks down Lyft’s newest venture in rental cars.
(Reuters) – Lyft Inc is putting together a council of experts to advise the ride-hailing company on its safety initiatives for riders and drivers, it said in a blog post on Tuesday.
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IN WIN FOR UBER, LYFT, JUDGE STRIKES DOWN NEW YORK CITY'S CRUISING CAP
The Safety Advisory Council will include representatives from the Rape, Abuse & Incest National Network (RAINN), and “It’s On Us”, a public awareness campaign launched by former U.S. President Barack Obama in 2014.
Lyft and rival Uber Technologies Inc in the past have faced criticism over safety on their platforms and have been slapped with related lawsuits.
The move by Lyft comes after the release of Uber’s first biennial U.S. Safety Report in December, in which the company said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States in 2018.
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Lyft said the council will be led by Eman Barhoumeh, its vice president of safety and customer engagement.