METRO

Calamos Continues ETF Expansion with the Launch of the Calamos Alternative Nasdaq & Bond ETF (Ticker: CANQ)

Retrieved on: 
Tuesday, February 13, 2024
Risk, Risk management, ETF, METRO, Investment, SVP, Security (finance)

New active ETF delivers Calamos' decades-long options and risk management expertise in a compelling, tax-efficient ETF structure.

Key Points: 
  • New active ETF delivers Calamos' decades-long options and risk management expertise in a compelling, tax-efficient ETF structure.
  • Launch marks the second ETF of 2024 for Calamos, a leading liquid alternatives manager, with additional ETFs in development.
  • METRO CHICAGO, Ill., Feb. 13, 2024 /PRNewswire/ -- Calamos Investments LLC ("Calamos"), a global investment manager, today announced the launch of the Calamos Alternative Nasdaq & Bond ETF (Nasdaq: CANQ).
  • "Calamos is uniquely positioned to deliver our active expertise in both equity options and credit, now inside a highly engineered single ETF."

The macroeconomic effects of global supply chain reorientation

Retrieved on: 
Saturday, February 10, 2024
Bank, Control, Quarterly Journal of Economics, Literature, Deutsche Bundesbank, Reconstruction, COVID-19, Monetary policy, Medical classification, Aggregate, Interest, Hail, Motion, Organization, WT, Policy, Smith, Elasticity, American Economic Review, Information, CHiPs, Journal of Economic Perspectives, Reproduction, Tagliapietra, Culture, Journal of International Economics, Section 3, European Commission, Communication, B16, Shock, NTM, European Chips Act, SSC, PHT, B17, Classification, Common, Tradability, Bank of Italy, Congressional Research Service, NT, Central bank, Private, Exercise, NIU, Labour, PDF, Website, European Parliament, Terrorism, Employment, B10, SUBST, Agricultural economics, F62, RTK, Bank of England, European Central Bank, Calibration, Agriculture, Foreign policy, Semiconductor, International Monetary Fund, Research Papers in Economics, Outline, Council, Openness, Bias, Economic system, European Council, Public policy, Deutsch, Statistics, GDP, Real, American Economic Journal, Table, Journal, YT, EAGLE, Household, Grossman, Science, Conference, Journal of Comparative Economics, Horse, SSRN, TC, Consumption, REA, F13, Section 2, University, Section 5, Legislation, Money, NTD, Central Bank of Ireland, Language, Capital, University of Limerick, Intermediate, CBI, Caselli, Macroeconomics, Crowding, Technical report, B14, Tax, Civil service commission, Growth, Commission, UNCTAD, Optimism, Politics, PIM, PX, Work, Social science, JEL, Government, Automation, HTT, Quarterly Journal, Canadian International Council, ECB, XT, METRO, ELAS, Credit, Bolt, Research, European Communities, American Journal, ArXiv, Unilateralism, Lerner, Motivation, International, C6, Committee, Security (finance)

We analyse the macroeconomic

Key Points: 
    • We analyse the macroeconomic
      effects of supply chain reorientation through localisation policies, using a global dynamic
      general equilibrium model.
    • While arguments about comparative advantage, the potential forgone benefits of international specialisation and industry- and product-specific disruptions are familiar, there is less
      analysis on the macroeconomic effects of supply chain changes resulting from localisation policies.
    • The large sensitivity of the global economy to the recent supply chain shocks suggests that
      the international trade reconfiguration implied by localisation policies could also have sizable
      impacts on key macroeconomic variables such as output, employment and inflation.
    • Thus, localisation focuses on the
      goods in our model most closely related to global supply chains.
    • Retaliation also attenuates any positive effects from
      reshoring on output and implies a reduction in the volume of overall international trade.
    • This finding calls for limiting the scope of reshoring, such as by focusing on vital goods that are
      most susceptible to supply chain disruptions.
    • Either that, or the economic costs are considered a worthwhile trade-off for an increase
      in security of supply, for example.
    • While arguments about comparative advantage, the potential forgone benefits of international specialisation and industry- and product-specific disruptions are familiar, there is less
      analysis on the macroeconomic effects of supply chain changes resulting from localisation policies.
    • Recent supply chain shocks have had large effects, with disruptions in 2021 estimated
      to have reduced euro area GDP by around two percent and doubled the rate of manufacturing producer inflation (Celasun et al., 2022).
    • To analyse this issue, we simulate a (partial) reshoring of production back to Europe in
      a global dynamic general equilibrium framework.
    • Thus,
      localisation focuses on the goods in our model most closely related to global supply chains.3 We
      model reshoring through a direct change to the export goods? production-function parameters.
    • Since reshoring
      effectively shortens the supply chain, the sum of markups along the chain falls.
    • This means that imports that are at the end of the supply chain (i.e.
    • In particular, our work relates to papers examining the potential for countries to reduce
      their exposure to global supply chains.
    • (2021) demonstrate that reduced reliance on foreign inputs does not mitigate pandemicinduced contractions in labour supply.
    • (2021) find no evidence of a relationship
      between global value chain integration and macroeconomic volatility.
    • This dynamic, along with factors such as natural disasters, climate-change
      induced volatility and terrorism mean that supply chain disruptions could be a new normal
      (Grossman et al., 2021).
    • Our work contributes to the literature providing dynamic general equilibrium analyses of
      protectionist policies, in particular those using global macroeconomic models to quantify trade
      policy changes.
    • (2008) analyse the effect of a rise in protectionism in response
      to rising global trade imbalances.
    • Linde? and Pescatori (2019) find that although the macroeconomic costs of a
      trade war are substantial, a fully symmetric retaliation is the best response.
    • (2020) consider a rich input-output structure and demonstrate that closer integration amplifies
      the adverse effects of protectionist trade policies.
    • Several recent studies have also examined the economic effects of a global trade fragmentation.
    • First, we modify a dynamic general
      equilibrium model of the global economy in order to analyse the transmission of localisation
      policies.
    • This allows for a comprehensive treatment of cross-border macroeconomic interdependences and spillovers between the different regions.
    • 4

      There is, however, substantial cross-country heterogeneity in terms of impact, with small open economies
      (SOEs) reliant on global supply chains more affected.

    • ECB Working Paper Series No 2903

      7

      Second, we are able to assess both long-run effects and the transition dynamics of localisation
      policies.

    • Our model contains a detailed monetary block and captures inflation dynamics, which is a key
      concern for supply chain reorientation.
    • Overall, our paper contains a careful analysis of the key aspects of the localisation debate,
      including effects of localisation on domestic competition and efficiency.
    • Section 2 provides a brief overview of the model, the modifications to examine
      global supply chain reorientation, some key details on the calibration and a brief discussion of
      the nature of our exercise.
    • (2020) for discussions of the relative strengths and weaknesses of
      trade and macroeconomic models in assessing large economic shocks.
    • 2.1

      Supply chain reorientation

      Our analysis focuses on imported inputs used to produce goods for export, as the introduction
      of localisation policies is in response to recent disruptions to global supply chains.

    • Since reshoring
      effectively shortens the supply chain, the sum of markups along the chain falls.
    • Further to
      these effects, engagement with global firms provides an opportunity for knowledge spillovers to
      local firms (Criscuolo et al., 2017).
    • This finding calls for limiting the scope of reshoring, such as by focusing on vital goods that are
      most susceptible to supply chain disruptions.
    • (B12)

      Adjusting the share of local inputs in export goods, of course, affects prices and quantities all
      along the supply chain.

METRO announces the voting results on the election of its directors

Retrieved on: 
Wednesday, January 31, 2024
Annual, METRO, Holding company

MONTREAL, Jan. 31, 2024 /CNW/ - Following the Annual General Meeting of shareholders of METRO INC. held on January 30, 2024, METRO INC. is announcing the voting results obtained at the Annual General Meeting of Shareholders for the election of its directors.

Key Points: 
  • MONTREAL, Jan. 31, 2024 /CNW/ - Following the Annual General Meeting of shareholders of METRO INC. held on January 30, 2024, METRO INC. is announcing the voting results obtained at the Annual General Meeting of Shareholders for the election of its directors.
  • The 12 nominees proposed by management were elected as directors.
  • According to proxies received and ballots cast, each of the following 12 individuals was elected as directors of METRO INC. until the next annual meeting of shareholders or until such person's successor is elected or appointed, with the following results:

Providing Comfort and Care: Polysleep Donates Mattresses to the Pavillon Kat Demes, which provides Families from out-of-town with a home away from home while their child is admitted to The Montreal Children’s Hospital

Retrieved on: 
Wednesday, January 24, 2024
METRO, Biphasic and polyphasic sleep, Just, Sleep, Pavillon, Parent

Generously spearheaded by donors, the pavilion stands as a beacon of support, being the sole facility in Quebec to offer free, temporary housing.

Key Points: 
  • Generously spearheaded by donors, the pavilion stands as a beacon of support, being the sole facility in Quebec to offer free, temporary housing.
  • Pavillon Kat Demes offers six thoughtfully furnished private bedrooms and washrooms, providing a cozy and serene environment where parents can rest and recharge.
  • In a gesture of community solidarity, Polysleep has donated beds for each room at the Pavillon Kat Demes.
  • Beyond providing physical shelter, this initiative offers a warm and caring space for families to find solace and support while their children receive critical medical care.

Calamos Expands Alternatives ETF Lineup with New Closed-End Fund ETF, the Calamos CEF Income & Arbitrage ETF (TICKER: CCEF)

Retrieved on: 
Tuesday, January 16, 2024
ETF, METRO, Investment, SVP, Security (finance)

Calamos taps the firm's longtime expertise in liquid arbitrage and closed-end funds to create a new, high income-focused active ETF.

Key Points: 
  • Calamos taps the firm's longtime expertise in liquid arbitrage and closed-end funds to create a new, high income-focused active ETF.
  • CCEF is adapted from the firm's closed–end fund relative value arbitrage strategy with a proven multi-year track record.
  • METRO CHICAGO, Jan. 16, 2024 /PRNewswire/ -- Calamos Investments LLC ("Calamos"), a global investment manager, today announced the launch of its new closed-end fund ETF, the Calamos CEF Income & Arbitrage ETF (CCEF).
  • The actively managed ETF purchases attractive, distribution-producing closed-end funds to deliver high monthly income streams with capital appreciation potential to investors.

EQS-News: Ekosem-Agrar AG publishes operational information for the 2023 financial year

Retrieved on: 
Saturday, January 13, 2024
Stupino, METRO, Milk, Auchan, Ice cream, Shchuchy, Head, Butter, Cheese, Kefir, Bortnikovo, Cattle, Yogurt

During 2023, average milk yields at the group's facilities were 105,000 tons per month.

Key Points: 
  • During 2023, average milk yields at the group's facilities were 105,000 tons per month.
  • The average daily milk yield for the reporting period reached 3,440 tons (2022: 3,261 tons).
  • In October 2023, the Group commissioned the Bortnikovo cattle breeding complex in the Stupino district of the Moscow region.
  • In January-December 2023, Ekosem-Agrar produced 279,500 tons of finished dairy products, up 70% year-on-year (2022: 164,000 tons).

Record Levels of Hunger Inspire Record Levels of Generosity

Retrieved on: 
Monday, December 18, 2023
Meal, Pharmacy, Farmer, Holiday, Food Basics, Dairy Farmers of Ontario, Health, Metro, Biting, Poverty, Food, Toyota Canada, Communication, Transport, Organization, Public affairs, Hunger, Corporation, METRO

“Feed Ontario can turn every dollar donated into the equivalent of two meals, meaning that the ultimate impact will be over one million meals to help support the record number of people accessing Ontario food banks right now."

Key Points: 
  • “Feed Ontario can turn every dollar donated into the equivalent of two meals, meaning that the ultimate impact will be over one million meals to help support the record number of people accessing Ontario food banks right now."
  • We are proud to see our donation make an impact to a much-needed program like the Full Shelves Campaign, said Marie-Claude Bacon, Vice President, Public Affairs and Communications.
  • It's not too late for organizations to take action to make the holidays a little brighter for the one in 19 Ontarians forced to access emergency food support.
  • To connect with a Feed Ontario staff member to make a year-end donation, contact Stephanie Ashton-Smith at [email protected] or  (416) 656-4100 ext.

METRO PRESENTS ITS CORPORATE RESPONSIBILITY ACHIEVEMENTS FOR 2023

Retrieved on: 
Thursday, December 21, 2023
Workforce, Targets, ED, GHG, Health, Science, TCFD, Task force, Food, Disclosure, METRO, Science Based Targets initiative, Environment, Renewable energy

MONTREAL, Dec. 21, 2023 /CNW/ - Today, METRO publishes its corporate responsibility (CR) report, covering its food and pharmacy activities for the 2023 fiscal year.

Key Points: 
  • MONTREAL, Dec. 21, 2023 /CNW/ - Today, METRO publishes its corporate responsibility (CR) report, covering its food and pharmacy activities for the 2023 fiscal year.
  • METRO is also actively working to increase the resilience of its business by addressing physical and transitional climate risks.
  • In addition, METRO remains firmly committed to equity, diversity and inclusion (ED&I), as evidenced by its progress toward these objectives.
  • "The company is on track to achieve its corporate responsibility objectives by 2026.

Publication of the Prospectus and Circular

Retrieved on: 
Monday, December 25, 2023
LSE, Bank Holding Company Act, Mass meeting, BANK, Prospectus, A4200 road, London Stock Exchange, Annual general meeting, Official List, ANY, METRO, FCA, Proxy, Cryptocurrency

Metro Bank Holdings PLC (LSE: MTRO LN)

Key Points: 
  • Metro Bank Holdings PLC (LSE: MTRO LN)
    NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
  • The Prospectus contains a Notice of General Meeting, which will be held at One Southampton Row, London WC1B 5HA on 27 November at 11.30am.
  • The Prospectus has been approved by the FCA and, together with a form of proxy relating to voting at the General Meeting, is available on the Company’s website at: www.metrobankonline.co.uk/investor-relations .
  • Terms used in this announcement shall, unless the context otherwise requires, be as defined in the Prospectus.

LECIP INC. Secures Contract for the Farebox Cash Collection system in Houston, Texas

Retrieved on: 
Monday, December 18, 2023
Automotive Manufacturing, Technology, Transport, Manufacturing, Other Manufacturing, Public Transport, Hardware, INIT, Fare, METRO, Collection, History, Multimedia, AFC, News, Airline, Online shopping

The LECIP’s portion of the contract encompasses the development and implementation of the farebox cash collection system, as well as maintenance and operational support.

Key Points: 
  • The LECIP’s portion of the contract encompasses the development and implementation of the farebox cash collection system, as well as maintenance and operational support.
  • The delivery of the Farebox Cash Collection system portion of the overall project is scheduled to commence in 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231218554230/en/
    LECIP fare collection system specialized in cash collection (Photo: Business Wire)
    INIT will supply and implement the electronic Automated Fare Collection system, including the contactless fare validators, ticket vending machines, and the account-based back-office fare management system.
  • The Farebox Cash Collection system from LECIP Inc. will cover all of METRO's buses, totaling 1,236 vehicles.