La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

Bombardier Becomes Penny Stock Again

The title of the Quebec aircraft manufacturer fell below $ 1 on the Toronto Stock Exchange, falling more than 11% from the previous day. It is the first time since the end of January 2016 that Bombardier shares are listed in cents. Since 2:25 pm, the title flirted with the dollar, also dropping down to $ 0.98. This is more than 81.7% down from its most recent high of $ 5.41 on July 8, 2018.

Bombardier Becomes Penny Stock Again

Bombardier had a difficult start to the year. Following the unveiling of the first A220 aircraft, the former Air Canada-styled C-Series, the company revised its fourth quarter results downward. When the markets closed on January 16, 2020, the stock lost more than 31% on the Toronto floor.

The aircraft manufacturer justified this revision by measures taken to redress its Transport division, a little less than a month before the planned date of the release of its results. Recall that the company was juggling with debt of more than 9.3 billion US dollars (G $ US) according to analysts' estimates.

For almost a month, there have been several rumors of Bombardier's next actions. Some were betting on the sale of the business jet division to the American Textron, while others believed that Alstom would grapple with the railroad division of the Quebec manufacturer.

On February 12, Bombardier confirmed that Airbus and Quebec would buy out its stake in the controversial A-220 program. The transaction raised $ 591 million US, and relieved him of a mandatory payment of $ 700 million US to the coffers of the A-220.

Five days later, Bombardier's rail division was sold to French Alstom for US $ 8.2 billion. The business aircraft manufacturer received an envelope that contained between US $ 4.2 billion and US $ 4.5 billion in this transaction.