Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesBEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease the policy but said it would be in…
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BTG Pactual‘s Timberland Investment Group has sold 1.3 million carbon removal credits to be derived from its Latin American reforestation and restoration strategy to technology Meta for an undisclosed per unit price.The agreement includes an option to purchase, with options for delivery through 2038, an additional 2.6 million carbon credits derived from land managed by the reforestation strategy.The Reforestation Fund is targeting $1 billion to support projects that include protection and restoration of approximately 135,000ha of previously deforested and degraded land in Uruguay, Chile and Brazil.In June, BTG sold eight million carbon credits from the same vehicle for delivery through…
Statistically, there is an increased risk of failure with private equity ownership. PE portfolio companies are about 10 times as likely to go bankrupt as non-PE-owned companies. Granted, one out of five companies going bankrupt doesn’t portend certain failure, but it is a startling statistic. The rejoinder, of course, is that PE firms gravitate toward companies in distress, a practice that weighs down their success rate. But to understand what private equity is at its worst is a call to action, personally and professionally. We need to monitor the specific and repetitive activities that benefit the operators and no one…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Tuesday to their highest in more than two and half years, boosted by a slew of Chinese stimulus measures while expectations for more U.S. rate cuts kept risk sentiment aloft and the dollar under pressure. In an eagerly awaited press conference, China’s top financial regulators unveiled a slate of measures, saying it would cut bank reserves by 50 basis points while reducing mortgage rates to try to spur sluggish economic growth. The moves sent Chinese stocks higher, with the blue-chip CSI300 Index opening 1% higher, while the broader index was also…
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Takeaway: Undoing years of aimless investing. (This is an excerpt from an article written on Substack by Mark Bunting. You can read Mark’s full bio below). When I was 10 years old, my father bought me 10 shares of Cooper, the sporting goods company, and that sparked my first interest in investing. I’m sure my dad, who was the president of his father’s stock brokerage firm, Alfred Bunting & Company, figured Cooper was a natural choice to get me interested in investing because I played hockey, loved Dave Keon and the Toronto Maple Leafs, and enjoyed following the statistics of the National…
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(Bloomberg) — US stocks can soar to fresh highs thanks to the Federal Reserve’s aggressive half-point interest rate cut last week, but it also could cause inflation to resurface if central bankers don’t tread carefully, according to Wall Street strategist Ed Yardeni.Most Read from BloombergThe latest policy decision lifted the odds of an “outright melt-up” in equity prices — like during the dot-com bubble when the S&P 500 Index roared 220% from 1995 to the end of the century — to 30% from 20%. He placed the chances of a bull market at 80%, while reserving a 20% probability for…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would…
Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer has recently sold a total of 62,500 shares of the company’s common stock, with transactions amounting to over $259,000. The sales took place over a series of transactions on September 19, September 20, and September 23. The shares were sold at prices ranging from $4.2465 to $4.5079, according to the company’s latest filings. On September 19, Newcomer sold 1,500 shares at a price of $4.5000 per share. The following day, he sold another 9,000 shares, with the transactions occurring at weighted average prices ranging from $4.5000 to $4.5101. The largest sale occurred on September…