Investors are betting that flipping brown buildings into green properties has the potential to become a hugely profitable business. Source link
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By Balazs Koranyi (Reuters) – European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with half a dozen sources indicate. The ECB has been cutting rates quickly this year but policymakers have so far said the goal is a neutral setting, where the central bank is neither slowing nor stimulating growth in the hopes this will keep inflation stable. While the sources, who spoke on condition of anonymity, stressed that any consensus was still long off, it marks a significant…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investors are piling into emerging market funds that exclude China despite a recent blistering rally in Chinese stocks, amid concerns over escalating tensions between Beijing and the west.Investment firms told the Financial Times that clients increasingly see the world’s second-biggest economy as too large or risky to manage alongside other developing economies such as India, leading to one of the biggest shifts in emerging markets investing in decades.Franklin Templeton became the latest manager to launch a so-called “ex China” emerging markets vehicle…
By Waylon Cunningham (Reuters) – Starbucks’ new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the company’s coffee shops are still hugely popular in the U.S., Niccol also has to contend with baristas and hardcore Starbucks customers who say they want plenty of changes. Baristas complain about what they say are chronic understaffing and poor pay and benefits, and their inability to easily ban aggressive customers from Starbucks stores. Zealous customers want consistently good coffee. On Tuesday, after Starbucks reported a 6% fall in fourth-quarter same-store sales in the U.S. and pulled its…
Representational image. Credit: Canva In a significant step towards advancing the country’s climate action goals, the Bureau of Energy Efficiency (BEE) has issued a list of approved sectors under the Central Government’s Carbon Capture and Trading System (CCTS). The newly approved sectors include key industries such as energy, manufacturing, agriculture, waste management, and transport, all critical in reducing carbon emissions and fostering sustainable development. The first phase of the CCTS will focus on sectors like energy, chemical manufacturing, waste handling, and agriculture, with technologies such as green hydrogen production, biochar usage, landfill gas capture, and afforestation being highlighted as solutions…
(Reuters) -Arm Holdings is cancelling an architectural license agreement that allows Qualcomm (NASDAQ:) to use intellectual property to design chips, Bloomberg News reported on Tuesday, amid an ongoing legal battle between the two companies. Arm has given Qualcomm a mandated 60-day notice of the cancellation of the licensing agreement, the report said, adding that the contract allows Qualcomm to create its own chips based on standards owned by Arm. UK-based Arm, which is majority-owned by Japan’s SoftBank (TYO:) Group, sued Qualcomm in 2022 for failing to negotiate a new license after it acquired Nuvia. Arm had previously said the current…
The state of New York is investing $20,000 into an anti-human trafficking education program in Rochester. Angels of Mercy is a not-for-profit organization in North Winton Village. It says it supports survivors of domestic and sexual violence, human trafficking and other life-controlling issues. It also says it provides support for women in recovery, those returning from incarceration or those who have been homeless and are getting back on their feet. With this funding, the organization says it will expand its services and outreach. Angels of Mercy says it has educated 8,000 women, boys and girls in the Finger Lakes region.…
By Casey Hall, Joe Cash BEIJING (Reuters) -Apple CEO Tim Cook met on Wednesday with China’s Minister for Industry and Information Technology Jin Zhuanglong during a visit to Beijing this week, the ministry said in a statement. During the meeting, Jin told Cook that he hoped Apple (NASDAQ:) would continue to deepen its presence in China, increase investment in innovation, grow with Chinese companies and share the dividends of high-quality development, the statement showed. Apple did not immediately respond to an emailed request for comment. The trip is Cook’s second to China this year. His posts on the X-like Weibo…
Philip Morris International (PM) has quietly been one of the best performing stocks in the market over the last three months. This strong outperformance comes after several years of sideways action in the stock as tobacco stocks fell out of favor for institutional investors. But with the proliferation of smokeless products like vapes and most notably Zyn, Philip Morris as well as other incumbent tobacco stocks have again become winning stocks.The success of this pivot towards smokeless products was further reaffirmed Tuesday morning, as Philip Morris International posted record quarterly earnings. Sales beat estimates by 2.3% and increased 8.4% year-on-year…
By Ankur Banerjee SINGAPORE (Reuters) – Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead of a hotly contested U.S. election. The shifting expectations around how fast and deep the Federal Reserve will cut rates have also hurt risk sentiment, with traders now anticipating the U.S. central bank to be measured in its easing. That has taken U.S. Treasury yields to a three-month peak and the dollar to multi-month highs…