The cat’s come back, he just couldn’t stay away.
First of all there will be another polar vortex snowstorm today in NYC which is still piled up with snow from the last round. It looks like Quebec.
Then too there will be more developments in bringing a Tobin tax to the European Union’s 11 member countries who want to tax stock and bond trading. EU Taxation Commissioner Algirdas Semeta (who is Lithuanian and the age of my son) says officials could reach an agreement by May on taxing financial transactions in 11 eurozone nations. “Based on the latest German-French initiative, there could be an initial accord before the EU elections in May,” Semeta told the Austrian newspaper Wirtschaftsblatt.
I did a search to see how many Ukrainian American or Global Depositary Receipts there are. It turns out that 84 issues hit the ADR market, starting in May 1998 when electricity generator Centerenergo (CTEUY) came to market. It hasn’t traded since early in 2010. The most recent ADR was Megabank (MGABY) which hit the US in August, 2012 but never traded. Most of these ADRs were sponsored and involved Deutsche Bank or its Banker’s Trust as depositary and paralleled issues of the same shares made in Germany. One, food producer Avangard Co (AGVDY) came via the London Stock Exchange.
This is not a recommendation, but someone who can read Ukrainian might want to create a hedge fund to buy into these US-listed stocks. Volunteers please?
More for paid subscribers from safer places follows, starting with Canada, Britain, Ireland, Spain, and The Netherlands, plus Ukraine, Israel, Hong Kong, Brazil, Mozambique, and India. And an apology about Spain.
*JPMorgan has raised Canadian Solar to overweight. One reason is that CSIQ wasawarded a module supply agreement to provide 18 megaWatt of photovoltaic modules to Hitachi, Ltd. for a solar power project near Fukushima in Japan, owned by Eurus Energy Holdings Corp with Hitachi as its EPC contractor. This solar power project goes operational in March 2015. CSIQ will supply ~73,556 pieces of its 60-cell high efficiency CS6P255P modules with power output of 255Wp for this project. This solar power plant will power about 5,000 homes and is expected to displace c9,200 tons of carbon dioxide emissions each year. Electricity to be produced in the next 20 years will be sold to Tohoku Electric Power. I think we can guess which non-solar plant it will replace.
