Investing.com — InterContinental Hotels Group (LON:) reported a 1.5% rise in revenue per available room (RevPAR) for the third quarter, driven largely by strong demand across the EMEA region. However, the results were tempered by sluggish conditions in the U.S. market and continued challenges in China, the company said in a statement. The EMEA region emerged as a bright spot, posting a 4.9% increase in RevPAR during the quarter. This growth reflects rising business travel and group bookings, which remain resilient across the region. Key contributors included Continental Europe and the East Asia & Pacific sub-regions, where RevPAR growth reached…
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Dozens of schemes for this nascent market have sprung up since 2022, after the Kunming-Montreal Global Biodiversity Framework (GBF) was passed at the last United Nations (UN) biodiversity summit. Apart from the landmark goal to preserve 30 per cent of the Earth’s lands and oceans by 2030, the GBF text also called for “at least US$200 billion per year” to be mobilised from both public and private sources, including from novel mechanisms like biodiversity credits.Despite not being officially on the agenda for COP16 which kicked off on Monday, the emerging instrument is set to be a key discussion topic on the…
By Stefanno SulaimanJAKARTA (Reuters) – Indonesian President Prabowo Subianto wants to establish a new investment agency that would become a holding company for state investments, similar to Singapore’s Temasek, the official named to head the proposed firm said on Tuesday.Prabowo, 73, took office on Sunday and has since sworn in more than 100 people as ministers and deputies, heads of new institutions and advisers.The Daya Anagata Nusantara Investment Management Agency would be formed as soon as Prabowo gets parliamentary approval, Muliaman Hadad, a former chief of the Financial Services Authority who has been named head of the body, told reporters.The…
NBAA BACE 2024 beginning of a new era in Business travel Source link
Malaysia will implement a carbon tax by 2026 on the iron, steel, and energy industries, announced Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim during the Budget 2025 speech on October 18. This initiative underscores the country’s commitment to its emission reduction goals. Platts, a subsidiary of S&P Global Commodity Insights, had previously reported that the timeline for introducing the carbon tax was expedited under pressure from emission-intensive and trade-exposed sectors, which fear significant compliance costs under the EU’s Carbon Border Adjustment Mechanism (CBAM) starting in 2026. EU Carbon Border Adjustment Mechanism CBAM will impose carbon taxes on commodities…
Image source: Getty Images If I can buy a FTSE stock that can pay me generous income via dividends and has a share price that’s rallying higher, I get the best of both worlds. Combining income and growth is rare. Usually, high growth shares don’t pay out dividends. Alternatively, mature income stocks often don’t have great growth potential. But here’s one idea that seems to have broken the norm. The income story I’m referring to the Henderson Far East Income (LSE:HFEL) stock. The name gives away two important pieces of information. The first is that the investment manager is Janus…
Introduction The Shanghai Stock Exchange Composite Index (SSE) was booming in early 2015, and as it soared, legions of new investors rushed in to try their luck at securities speculation. Although stock bubbles were nothing new, this one had two peculiarities. First, under the regulatory framework, SSE stocks could not rise or fall more than 10% on any given day, which after several months of a bull market, made for some unusual-looking stock price charts. Second, many retail investors focused on buying “cheap” stocks, or those that traded below 20 renminbi (RMB). Like all bubbles, this one eventually deflated. The…
On Tuesday, Kotak Securities adjusted its price target for Oberoi Realty Ltd (OBER:IN) shares, increasing it to INR1,825.00 from the previous INR1,550.00, while continuing to recommend a Reduce rating on the stock. The adjustment follows Oberoi Realty’s reported growth in its second quarter fiscal year 2025 pre-sales, which reached Rs14.4 billion, marking a 49% increase year-over-year and a 35% rise quarter-over-quarter. This performance was particularly driven by strong sales at the 360 West and Goregaon projects. The company’s improved pre-sales were complemented by higher occupancy rates in its commercial properties, with Commerz reaching 84% and the newly opened Commerz III…
NexansNexans signs a strategic investment agreement in France to increase its copper production and recycling capacity across Europe PRESS RELEASE_Nexans is to invest over €90 million in the development of an innovative plant at its Lens site by 2026.Nexans’ strategic supplier for this investment is Continuus Properzi, a specialist in continuous casting, rolling and smelting technologies for copper and aluminum.With a production capacity increased by over 50%, the future Lens plant will be able to recycle up to 80,000 metric tons of copper per year.Nexans is reaffirming its capacity to plan for any shortages of copper, a metal essential to…
(Bloomberg) — Bonds are falling around the world as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere.Most Read from BloombergYields on Australian notes due in a decade jumped as much as 16 basis points, New Zealand’s 10-year yields climbed five basis points, while those in Japan climbed to a two-month high. That followed an 11-basis-point jump in similar-maturity US yields and a 10-basis-point surge in German ones Monday.At the heart of the global debt selloff is investor soul searching around Federal Reserve rate-cut expectations and whether once again they appear overdone. A…