Environmental, social, and governance (ESG) ratings should reflect the risks that such factors pose to a company’s financial performance and how well equipped that company is to manage those risks. Such ratings may assess carbon emissions (E), health and safety in the workplace (S), and executive compensation structures (G), among other criteria. ESG ratings are predicated on the notion that companies with better ESG scores will exhibit better financial performance over time because they face lower ESG risks, are more adept at managing them, or some combination thereof. As a corollary, assuming markets are efficient, higher ESG ratings should also…
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Investing.com– Gold prices moved little in Asian trade on Tuesday after tumbling from record highs in recent weeks as the dollar firmed sharply amid speculation over a second Donald Trump presidency. Improved risk appetite, following Trump’s election victory last week, sapped gold of safe haven demand. A sharp rally in the dollar also pressured bullion prices. fell 0.1% to $2,617.64 an ounce, while expiring in December rose 0.2% to $2,623.70 an ounce by 23:27 ET (04:27 GMT). Gold battered by Trump trade; CPI, Fedspeak awaited Spot prices tumbled from record highs of nearly $2,800 an ounce over the past two…
The world’s most popular cryptocurrency has gained more than 30 percent since the US presidential election.Bitcoin is closing in on $90,000 as crypto enthusiasts bet on United States President-elect Donald Trump taking a hands-off approach to digital currencies. The world’s most popular cryptocurrency hit a record high of $89,637 on Tuesday, continuing its explosive rally since the US presidential election on November 5. The commodity has gained more than 30 percent since election day, with investors anticipating Washington to take a turn towards more crypto-friendly policies under Trump. During his first term as president, Trump called Bitcoin a “scam” and…
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a post on X on Nov. 11. “The main story here is that we are 6+ months post-halving.”The Bitcoin (BTC) halving in April cut block rewards from 6.25 BTC to 3.125 BTC, which means every next block becomes harder to solve for less…
ZHUHAI, China (Reuters) – COMAC said on Tuesday that Air China (OTC:) would be the launch customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle models from Airbus and Boeing (NYSE:) . COMAC’s deputy director of marketing, Liu Yan, made the announcement at China’s biggest air show in Zhuhai. He did not disclose the number of aircraft Air China would purchase or planned delivery dates. COMAC has said the C929 will have 280 to 400 seats and a range of 12,000 km (7,500 miles), which is in the same category as Boeing’s…
Senator Marco Rubio (R-FL) speaks on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Mike Segar | ReutersPresident-elect Donald Trump is expected to name Sen. Marco Rubio of Florida as secretary of state for his administration in the coming days, according to three sources familiar with the selection process.Trump could still change his mind, the sources cautioned, noting that the decision wouldn’t be finalized until the president-elect makes a formal announcement.The New York Times first reported Trump’s plans to name Rubio as the nation’s top diplomat.Trump had previously considered Rubio as a running mate before ultimately…
(Corrects paragraph 6 to drop repetition of Xi’s title and given name. Given name was spelt incorrectly.) By Marco Aquino LIMA (Reuters) -Peru and China will sign an updated free-trade agreement during President Xi Jinping’s upcoming visit to the Andean nation that would boost commerce by at least 50% between the countries, Peru’s foreign minister said on Friday. In an interview with Reuters, Minister Elmer Schialer said the Chinese president would travel to Peru with a delegation of 400 business people interested in investing in infrastructure and technology projects in the country. The free-trade agreement was originally signed in 2009…
What’s going on here?Gold prices are lingering near a one-month low as investors await pivotal US economic data and insights from the Federal Reserve. Meanwhile, the strengthening US dollar continues to decrease gold’s international appeal.What does this mean?Upcoming US economic reports, like the Consumer Price Index (CPI) and Producer Price Index (PPI), are crucial in shaping investors’ inflation expectations and the Fed’s future rate actions. The central bank recently trimmed its benchmark rate by 25 basis points, fueling speculation about another potential cut in December with 66% odds. Yet, Trump’s policies could spur inflation, possibly leading to rate hikes, which…
The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in the Senate along with Donald Trump’s election win.Decision Desk HQ called the race for the House at 12:13 am UTC on Nov. 12, projecting the GOP would win the 218 seats needed for a majority after it projected Republican Juan Ciscomani would be reelected to represent Arizona’s 6th congressional district.There are eight seats still left to call, according to Decision Desk HQ. The GOP is currently leading in races that are still ongoing for Alaska’s only seat, along…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump’s election win. Investors anticipate Trump’s second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world’s biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possible tariffs from the new White House administration has put the euro under pressure, with the single…