Titles in action: Enbridge, Google, Evergrande, Rolls-Royce

Here is a selection of announcements that have made (or will make) move the prices of these companies:

(Come back and read us from time to time
so as not to miss an update)

Enbridge (ENB.TO, $ 51.06) announced Wednesday that the upgrade and expansion of its Line 3 in Minnesota has been completed and that the project will be operational as of Friday. Calgary-based president and CEO Al Monaco said in a statement that the pipeline “will soon provide the reliable and inexpensive power that people depend on every day.” The project was completed despite firm opposition from tribes, environmentalists and others against the 542-kilometer pipeline that these groups said would violate treaty rights, worsen climate change and risk causing spills. Enbridge for its part argued that it was necessary to replace and extend the deteriorating pipeline built in the 1960s. The transmission line begins in Alberta, Canada, and passes through a corner of North Dakota before crossing Minnesota, en route to the Enbridge terminal in Superior, Wisconsin. Enbridge said its completion would restore the pipeline to full capacity of 760,000 barrels per day. Opponents have challenged the pipeline’s permits in court to no avail. They also tried to convince President Joe Biden, who canceled a key license for the Keystone XL pipeline soon after taking office, to intervene, without success.

Russia threatened Youtube blocking, if the latter does not lift the suspension of the German accounts of the state television channel RT. The German government has warned Moscow against such retaliation. Russian telecommunications authority Roskomnadzor said it asked the US group Google (GOOG, US $ 2,730.31), parent company of the video site, “to lift as soon as possible the limits imposed on the YouTube channels RT DE and Der Fehlende Part”. The Kremlin deemed the summons appropriate, citing “censorship and impediments to the dissemination of information”. YouTube blocked RT DE and Der Fehlende Part for violating its rules by disseminating “false information” about the coronavirus and then trying to bypass a download suspension. RT, which also broadcasts in English, French and Spanish, is seen as part of the Kremlin’s international propaganda efforts. In addition, YouTube announced the strengthening of its policy against anti-vaccine content.

The ultra-indebted Chinese real estate giant Evergrande (3333.HK, HKD $ 3,070) on Wednesday said it wanted to sell a US $ 1.5 billion stake in a regional bank in order to raise capital it badly needs to bail out. Strangled by 260 billion euros in debt and downgrades of rating agencies, the private group has been struggling for several weeks to honor its interest payments and deliveries of apartments. The group has agreed to sell 1.7 billion shares of Shengjing Bank, based in northeastern Liaoning Province to the Shenyang Shengjing Finance Investment Group, owned by local authorities, Evergrande said in a statement to the Stock Exchange. Hong Kong. Last week Evergrande was due to pay US $ 83.5 million (€ 71 million) bond interest in US currency. The group had not confirmed the payment or not of the sum. If the deadline has not been honored, the real estate giant would benefit from a grace period of 30 days before being declared in default of payment.

The first 100% electric model from Rolls Royce (RR.L, £ 145.09), the ‘Specter’ coupe, is expected to launch in late 2023, the luxury carmaker said on Wednesday. “This car will be tested for all to see and our customers will receive the first deliveries in the fourth quarter of 2023,” brand general manager Torsten Müller-Ötvös said in a video. The brand of the BMW group had already presented two prototypes of electric cars. Images released by Rolls show a massive coupe adorned with the “Spirit of Ecstasy”, the brand’s famous radiator cap. It will take over the aluminum chassis of the last Phantom, the million-euro limousine launched in 2017. The luxury brand’s offering will be 100% electric in 2030, its director said.


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