By Wayne Cole SYDNEY (Reuters) – The dollar edged higher on Monday (NASDAQ:) as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing’s latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports on retail sales and industrial output due on Friday should show whether Beijing’s various attempts at stimulus are having any real effect on demand. Disappointment at the latest package…
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“It often happens that a player carries out a deep and complicated calculation, but fails to spot something elementary right at the first move.” — Alexander Kotov, Chess Grandmaster Introduction The FX impact on corporate earnings and guidance should be front of mind for both corporates and the analyst community. Indeed, more than 45% of revenues in S&P 500 companies originate internationally. But last year, the hedging performance of many US multinational corporations (MNCs) was well off the mark, and few CFOs explained their hedging decisions on earnings calls. Why such poor hedging performance? After all, treasury management system (TMS)…
Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own. When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions on its behalf – by planting trees, for example, or generating renewable energy. The idea is that reducing greenhouse gas emissions anywhere pays off for the global climate. But not all offsets have the same value. There is growing skepticism about many of the offsets sold on voluntary carbon markets. In contrast to compliance markets, where companies buy and sell a…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.A breakthrough in the long-running deadlock over rules governing a global carbon market is tipped to be a key outcome of COP29 in Baku.The existing unregulated trade in carbon credits between companies — the so-called voluntary market, which is worth around $1.5bn a year — has been beset with accounting and integrity scandals in recent years. But a formalised carbon trading system between countries could help to raise some of the climate finance that developed countries have pledged to deliver. This would be…
By Scott Murdoch SYDNEY (Reuters) – Australia’s HMC Capital will press ahead with the initial public offering of its data centres business that would be worth $A4 billion, according to its regulatory filings on Monday (NASDAQ:). A deal of that size would be the largest IPO in Australia this year. HMC Capital said the Digico Investment Trust (REIT) would have 13 data centres in its portfolio and 586 customers. Its assets under management will stand at about $A4 billion and HMC Capital would invest a minimum of $A500 million that would give it an almost 19% stake in the business.…
Buffett’s argument was that an S&P 500 index fund is a broad index that will have all types of companies and as a company grows, so does its weight in the index. Source link
Singapore Airlines (SIA) Group will invest an additional ₹3,194.5 crore into the newly merged entity comprising of Vistara and the Tata-owned Air India, according to an announcement the group made on Friday, November 8, 2024, along with its financial results. The investment will be made after the merger’s completion and within November 2024, through subscription to new Air India shares, the group said, adding that future capital injections will also be considered based on “Air India’s requirements and available funding options.”(Representational Image/Pixabay) This is for SIA to get a 25.1% stake in the new entity. Also Read: Nestle, PepsiCo sell…
Image source: Getty Images The FTSE 100‘s significantly more popular with income investors than the more growth-focused FTSE 250. The UK’s blue-chip index is viewed as a dividend haven for various reasons. It’s filled with companies that have market-leading positions, diversified revenues streams, and strong balance sheets with robust cash flows. This allows them to provide a solid and reliable dividend over time. However, share pickers can also find plenty of FTSE 250 stocks that share these same qualities. It means individuals that focus just on the FTSE 100 for a passive income could be missing out. Here are three…
HONG KONG (AP) — Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations. China on Friday approved a 6 trillion yuan ($839 billion) plan during a national legislature meeting. The long-anticipated stimulus is designed to help local governments refinance their mountains of debt in the latest push to rev up growth in the world’s second-largest economy. “It’s not exactly the growth rocket many had hoped for. While it’s a substantial number, the stimulus is less about jump-starting economic growth and more about plugging holes…
Investing.com– Most Asian currencies moved in a small range on Monday (NASDAQ:) as traders took little cheer from more fiscal spending in China, while the dollar steadied ahead of key consumer inflation data this week. Regional currencies were nursing steep losses in recent sessions as the dollar firmed sharply on Donald Trump winning the 2024 presidential elections. While the greenback’s rally was stalled by an interest rate cut by the Federal Reserve, it still retained a bulk of its recent gains. The Japanese yen and the Chinese yuan were among the worst hit by this trade, while broader Asian currencies…