Singapore’s sovereign wealth fund GIC Pte. believes in the long-term potential of the US and will continue to invest there even as geopolitical rivalries heat up, according to former prime minister and GIC Chairman Lee Hsien Loong.More than a third of GIC’s global portfolio is in the US, Lee said in a speech in New York on Wednesday. GIC’s total portfolio saw an average annual return of about 4% over the past 20 years, above the global inflation rate, he said. Source link
Author: user
By Maya Gebeily BEIRUT (Reuters) – An Israeli airstrike flattened a building near one of Beirut’s busiest traffic junctions on Friday, shaking the Lebanese capital as Israel kept up its intensified bombardment of Hezbollah-controlled areas of the city. One of several airstrikes on Friday morning, the attack struck near the Tayouneh junction in an area where the Hezbollah-controlled southern suburbs meet other parts of the city, a more central target than most that Israel has hit. Israel has this week stepped up airstrikes against the Hezbollah-controlled southern suburbs – an escalation that has coincided with indications of movement in U.S.-led…
Investors need to stop and think. In this podcast, Motley Fool analyst Tim Beyers and host Dylan Lewis discuss: Bitcoin blowing past $80,000 and setting fresh all-time highs. How investors should manage the expectations being built into crypto and companies like Robinhood and Coinbase. Axon feeling the euphoria, and why the company’s recurring revenue and potential new businesses help it live up to its big valuation. Motley Fool analyst Sanmeet Deo joins host Ricky Mulvey to check in on another 2024 highflier — Reddit — and why the company’s data is a treasure trove for large language models. To catch…
The 2025 Maserati MC20 Cielo is a game changing addition to the luxury sports car market, building upon the success of its coupe counterpart with the added thrill of open top driving. Revealed with a sleek, retractable glass roof, the Cielo blends Italian craftsmanship with cutting-edge technology. This roof can be operated in a mere 12 seconds and is functional at speeds up to 50 km/h, allowing for an effortless transition between a coupe and a convertible. At the heart of the MC20 Cielo is the powerful Nettuno engine, a 3.0 liter V6 twin turbocharged unit that delivers an impressive…
By Anthony Boadle and Eduardo Simões BRASILIA (Reuters) – A failed bomb attack on Brazil’s Supreme Court looks set to re-unite Brasilia against far-right radicalism and scuttle a possible comeback by former President Jair Bolsonaro, who is fighting a court decision to bar him from the ballot. But any such institutional response will also feed his supporters’ belief that they are being silenced, further polarizing the country which has seen a surge in political violence since the rise of Bolsonaro in 2018. The attack, which killed the bomber but caused no other casualties, brings into sharp focus the extent to…
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesThe U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter following a strong rebound at the start of the year,…
By Naomi Rovnick LONDON (Reuters) – Big global investors are exiting popular trades that bet on US President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election’s biggest market victims. After US stocks and the dollar bounced on Trump’s growth agenda and trade war fears pressured Chinese, European and emerging market assets, money managers are hunting for bargains in places where pessimism may have gone too far. “The thesis that Trump is good for the US and bad for the rest of the world is a…
Image source: Getty Images Here are two interesting penny stocks selling at their lowest prices in almost five years. If the companies achieve the growth they’re aiming for, I think the current cheap valuations could amount to decent returns. However, there are also risks to consider. I’m weighing up their chances. Oxford Metrics Oxford Metrics (LSE: OMG) is a small £83.6m company that makes smart sensing technology and motion capture systems. Its key product, Vicon, is used in sports, education, film production, virtual reality and biomedical research. Despite the small-market cap, the business serves 10,000 customers in 70 countries worldwide,…
The UK Government sees a “clear and appropriate role” for corporates to utilise carbon and nature credits as part of efforts to reach net-zero, and has published its principles and guidelines to do so. Source link
By Gloria Dickie and Simon Jessop BAKU (Reuters) – A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a year to combat the natural disaster and security crises facing their populations, a letter seen by Reuters showed. The group is one of several pitching at the climate talks in Azerbaijan this week for funds to better prepare for the impacts of extreme weather as countries seek to agree a new annual target on financing. Island nations, for example, argue climate change threatens their very existence as seas rise, while rainforest nations…