By Dave Sherwood HAVANA (Reuters) – Cuba’s efforts to restore power to the island were derailed for a third time late on Saturday, Cuban authorities said shortly before midnight, leaving millions in the dark and raising fresh questions over the viability of the government’s bid to reestablish electrical service. Cuba’s national electrical grid first crashed around midday on Friday after the island’s largest power plant shut down. The grid collapsed again on Saturday morning, state-run media reported. By early evening, authorities reported some progress restoring power before announcing the grid had once again collapsed. “Tonight at 10:25 p.m. the total disconnection…
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(Bloomberg) — Asia’s stock markets are gearing up for their busiest week of listings in more than two years, offering a crucial test of demand as companies rush to raise money before the US election.Most Read from BloombergAround 20 companies from Asia Pacific are listing shares next week in deals that may raise as much as $8.3 billion, the biggest weekly volume since April 2022, according to data compiled by Bloomberg. The heavy supply includes deals from China, India and Japan, underscoring the broad revival in share sales across the region.“There is a level of animal spirits returning to the…
Image source: Getty Images Today, I want to focus on a company that’s one of my top watchlist shares for passive income right now. August’s half-year report from Renewables Infrastructure (LSE: TRIG) delivered a reassuring picture of strong ongoing cash flow. A decent dividend record The company invests in renewable energy assets, such as wind and solar farms in the UK and Northern Europe. That may sound like an in-vogue sector, but I like the business because of its consistent multi-year dividend record. Those payments have been dropping into shareholders’ accounts for years, even through the darkest days of the…
A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesJust because the Federal Reserve is nearing its inflation goal doesn’t mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden for individuals, businesses and policymakers.Recent price reports on goods and services, despite being a bit stronger than expected, indicate that the rate of inflation over the past year is getting close to the central bank’s 2% target.In fact, Goldman Sachs recently estimated that when the Bureau of…
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! BofA sees 40% more upside in Nvidia stock Bank of America analysts reaffirmed their Buy rating on Nvidia (NASDAQ:) stock this week, raising the price target from $165 to $190, implying an upside potential of nearly 40% from current levels. The analysts also increased their 2025 and 2026 pro forma earnings per share (EPS) estimates by 13% and 20%, respectively. BofA believes Nvidia, which commands an 80-85% market share,…
Image source: Getty Images If all goes to plan, my Stocks and Shares ISA should provide me with a comfortable retirement. But when it comes to investing, there’s no room for complacency. It’s impossible to know what dangers lie ahead and how they might impact on my wealth. Take Burberry (LSE:BRBY) as an example. In April 2023 — just after the end of its 31 March financial year (FY23) — its shares were changing hands for around £26. The company was about to report record-breaking sales, profits, and earnings per share. Seventeen months later it was relegated from the FTSE…
Global mergers and acquisitions plunged to a decade low last year, with $2.9 trillion in deal value announced, down 17% from 2022. Dealmakers mostly stayed on the sidelines as they grappled with higher inflation, rising interest rates, increased regulatory scrutiny, and market uncertainty, while potential sellers remained anchored to previous, richer valuations. Activity among private equity (PE) buyers declined last year after accounting for nearly 25% of all buyouts in the previous two years as tighter financing conditions and higher interest rates made completing leveraged buyouts more difficult. In Canada, of the 441 completed transactions last year, most were bolt-ons…
By Krishn Kaushik PRANPURA, India (Reuters) – An Indian ex-official charged by the U.S. with directing a murder-for-hire plot has dismissed the allegations, his family said, expressing shock that Vikash Yadav was wanted by the FBI. Yadav, 39, described the claims as false media reports when he spoke to his cousin, Avinash Yadav, the relative told Reuters on Saturday in their ancestral village about 100 km (60 miles) from the capital New Delhi. The U.S. Department of Justice charged Yadav with leading an unsuccessful plot to murder Sikh separatist leader Gurpatwant Singh Pannun last year. Yadav was an official of…
(Reuters) -GQG Partners, one of Spanish bank BBVA’s biggest shareholders, has sold its stake over the bank’s decision to pursue a hostile bid for domestic rival Banco Sabadell, the Financial Times reported on Sunday.GQG had decided to sell up by July, having told BBVA’s management team that it believed the Sabadell bid would be too time consuming and distracting, while also diluting its exposure to emerging markets, the FT report said.Neither GQG, nor BBVA nor Sabadell immediately responded to a Reuters request for comment.BBVA presented a 12.23 billion euro ($13.29 billion) takeover bid for its smaller rival in April, which…
Image source: Getty Images Just when I thought the Rolls-Royce (LSE: RR) share price had finally run out of gas, it started climbing again. It rose another 7.36% over the last week, having been swept up in the excitement over the surprise drop in September’s inflation figure to 1.7%. I’m still impressed to see Rolls-Royce shares power upwards. This is a stock that has grown 163.91% over 12 months and 695.03% over two years. How can it have any fuel left in the tank after that? Transformative CEO Tufan Erginbilgiç has given the company new thrust, but even he couldn’t…