(Bloomberg) — After watching wind and solar stocks plummet in the hours after Donald Trump’s election victory, asset managers are zeroing in on a corner of the green transition they say will defy the president-elect’s anti-ESG agenda: the grid. Most Read from Bloomberg One day after the election, analysts at TD Securities told clients that grids and the equipment needed to build them now represent one of “the best-positioned energy transition sub-sectors.” It’s a call that’s already paying off. Since the Nov. 5 election, a key stock-market gauge of the equipment that goes into grids is up about 6%, while…
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By Karen Lema MANILA (Reuters) -The Philippines and the United States signed on Monday a military intelligence-sharing deal in a further deepening of defence ties between the two nations facing common security challenges in the region. Visiting U.S. Defense Secretary Lloyd Austin signed the agreement with his Philippine counterpart, Gilberto Teodoro, at Manila’s military headquarters where both officials also broke ground for a combined coordination center that will facilitate collaboration between their armed forces. Called the General Security of Military Information Agreement or GSOMIA, the pact allows both countries to share classified military information securely. “Not only will this allow…
Representational image. Credit: Canva The Central Electricity Regulatory Commission (CERC) has released a draft notification detailing the regulations for the exchange of Carbon Credit Certificates (CCCs) under the framework of the Carbon Credit Trading Scheme, 2023. These regulations aim to create a structured market for trading carbon credits through power exchanges, encouraging transparency and compliance. The regulations define key entities and terms, including the Bureau of Energy Efficiency as the Administrator and the Grid Controller of India as the Registry for managing CCC transactions. Obligated and non-obligated entities can trade CCCs within this system, governed by compliance and offset mechanisms…
Image source: Getty Images Over the last 12 months, the FTSE 250‘s jumped almost 15%. And the total return for passive index investors is even higher at 19.5%, thanks to dividends. But this upward trajectory hasn’t been shared by all of its constituents. Kainos Group (LSE:KNOS), in particular, has been hit hard, tumbling by almost 22% since 2024 started. However, after digging a bit deeper, I discovered a potentially lucrative long-term buying opportunity for my portfolio. If I didn’t already hold it, I’d buy now. What’s going on at Kainos? As a quick reminder, Kainos is an expert in digitalisation,…
(Reuters) -Australia’s competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus’ A$5.25 billion ($3.39 billion) takeover of local telecom operator TPG Telecom (BCBA:)’s enterprise, government, and wholesale (EG&W) fixed business and fibre network assets. The Australian Competition and Consumer Commission (ACCC) said it is seeking views from interested parties on the likely impact on prices and service quality in the supply of fixed line voice services, data networks and connectivity services, among other queries, if the deal was to receive approval. TPG Telecom announced the deal in October, stating that it would retain its…
A look at the day ahead in European and global markets from Wayne Cole. It’s been a relatively calm start to the week for markets with the early action in currencies, as the dollar nudged up on the yen after Bank of Japan Governor Kazuo Ueda again left investors guessing on the timing of rate hikes. Source link
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. Loss making companies can act like a sponge for capital – so investors should be cautious that they’re not throwing good money after bad. If this kind of company isn’t your style, you like companies that…
By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election surge fueled in part by optimism over the pro-growth policies that are a key part of Trump’s economic platform. Though the index remains near record highs and is up 23% this year, some of that enthusiasm has been tempered in recent days. Bets that some…
Image source: Getty Images Tesla (NASDAQ: TSLA) stock has more than doubled in the space of seven months. And at $320 per share, the electric vehicle (EV) pioneer’s market cap is back above $1trn. However, some fear this meteoric rise has been fuelled more by speculative fervour than fundamentals, potentially making Tesla part of another meme-stock craze. Is this the case? Let’s take a look. The Trump trade Since the US election earlier this month, the Tesla share price has increased 27%. That’s because the market thinks a Donald Trump presidency will benefit Elon Musk’s business in a number of…
By Ashwin Manikandan and Haripriya Suresh MUMBAI (Reuters) – India’s central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India (NS:)’s planned cloud platform will use local IT firms, pitting it against the likes of Amazon (NASDAQ:) Web Services, Microsoft (NASDAQ:) Azure, Google (NASDAQ:) Cloud and IBM (NYSE:) Cloud, in a first-of-its-kind initiative from a major global central bank. The burgeoning cloud services market in Asia’s third largest…