Tourism is a major industry in most European countries. Millions of tourists flow into the major cities like London, Paris, Barcelona, etc. every year and the numbers only keep growing. Infrastructure in these and other tourist destinations are unable to keep up with the needs of the mass hordes of tourists everyday. A recent article …
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German auto giant Volkswagen AG has terminated its ADR program effective July Aug 13, 2018. The ADR traded under the ticker VLKAY for many years. Below is the news of the termination from the company’s site: Volkswagen AG has reached the approved registration limit for the American Depositary Receipt (“ADR”) programs and decided not to …
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The Fed Funds Rate currently stands at 2.0%. For many years during the global financial crisis the rate stood at 0.25% which is effectively 0%. Then the rate started to slowly go up and was at 1.50% in Dec, 2017. The Fed targets a rate of 3.50% by 2020. Higher rates lead to higher interest rates …
Chilean firm Viña Concha y Toro S.A is a wine maker and distributor of wines and other alcoholic beverages. The company’s ADR used to trade on the NYSE under the ticker VCO. Vina voluntariy delisted its ADRs from the NYSE effective July 12, 2018. Below are the details of the termination notice: You are hereby notified, …
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Norwegian oil giant has changed its name from Statoil to Equinor. Statoil used to trade under the ticket STO on the NYSE. Since May 16, 2018 the ticker was updated to EQNR. The company instituted this change in order to get rid of oil from its old name to meet current trends towards renewable energy …
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