Jan Rohof Bolsters Regional Quantitative Capabilities and Latest in Series of Global Quantitative Appointments MELBOURNE, Australia–(BUSINESS WIRE)–Northern Trust Asset Management (NTAM), a leading global investment management firm, has named Jan Rohof as Director of Quantitative Solutions, Asia Pacific (APAC), based in Melbourne.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111263095/en/Jan Rohof, Director of Quantitative Solutions, Asia Pacific (APAC), Northern Trust Asset Management (Photo: Business Wire)Rohof will lead Northern Trust Asset Management’s quantitative investment solutions in the Asia-Pacific region, focused on creating high-quality, tailored investment strategies for existing and prospective clients. Rohof’s appointment is the latest in a number…
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Bitcoin miner Hive Digital is upgrading its infrastructure as it begins construction of facilities in Paraguay, the fourth country it will operate in. The Nasdaq-listed Canadian miner has purchased 6,500 Canaan Avalon A1566 application-specific integrated circuits (ASICs) for delivery from December through March 2025.Hive Digital revs upThe first 500 new ASICs were delivered in the second week of November, with four more shipments coming through the first quarter of 2025. They will boost Hive Digital’s hash rate from 5.6 EH/s to 6 EH/s by March, the company said.Shortly after the completion of the ASICs delivery, 30 MW of mining capacity…
Image source: Getty Images These FTSE 100 shares are on sale right now. Here’s why I think dip buyers should have a close look at them. Antofagasta Investing in mining stocks like Antofagasta (LSE:ANTO) can be an uncomfortable ride at times. Profits are highly sensitive to the price of the underlying commodity or commodities they produce, which can slump on signs of rising supply or sinking demand. Unfortunately for Antofagasta, it’s also disappointed on the production front in 2024, causing its share price to slip even more sharply. In July, it warned on full-year output because of lower ore grades…
Skoda has revealed its most affordable SUV, the Kylaq, targeting the rapidly growing Indian market. As the third vehicle developed locally after the Kushaq SUV and Slavia sedan, the Kylaq aims to capture a significant share of the subcompact SUV segment, which accounts for nearly half of India’s automotive sales. This compact SUV, measuring 3,995 mm in length, is Skoda’s smallest offering, positioning itself below the Indian-spec Kushaq and the EU-spec Kamiq. Interestingly, it’s even shorter than the EU-spec Fabia hatchback, sharing a similar wheelbase of 2,566 mm. The Kylaq embodies Skoda’s Modern Solid design language, simplified for a budget-friendly…
Chatter that President-elect Donald Trump could appoint former U.S. Trade Representative Robert Lighthizer to oversee trade policy are moving markets, from the dollar on currency exchanges to stocks that would be sensitive to tariffs. During Trump’s first term as the president, Lighthizer was central to his protectionist policy and was U.S. trade representative role when Trump launched the trade war with China. The news that Lighthizer could be returning to this post, reported by the Financial Times late Friday, spooked the market — the greenback, for example, spiked in a kneejerk reaction to the headline. .DXY 5D mountain The Dollar…
VOYA Financial, Inc. has reached an impressive milestone, with its stock price soaring to an all-time high of $83.94. This peak reflects a significant uptrend in the company’s market performance, marking a notable achievement for the firm and its investors. Over the past year, VOYA has witnessed a robust growth trajectory, with the 1-year change data showcasing an impressive 20.56% increase. This surge in stock value underscores the company’s strong financial health and the positive sentiment among investors regarding VOYA’s future prospects. As market participants celebrate this high-water mark, analysts are closely monitoring the factors contributing to VOYA’s success and…
The many years of international delay on climate action — paralleled by year-after-year of rising emissions and record climate disasters — has greatly increased the price tag on preventing a global climate catastrophe. Today, experts estimate addressing the climate emergency will cost trillions of dollars.But who should pay, and how much? This question is expected to top the agenda at COP29, the climate summit, starting Nov. 11 in Baku, Azerbaijan, possibly leading to a new, more ambitious financial target to provide crucial funds to developing countries.While wealthy nations are known for pledging large sums to support the alternative energy…
James Devaney / Contributor / Getty Images Filmmakers have been creating movies about finance for years. Some, like “Trading Places,” comically depict the mayhem of the trading floor. Others, like “The Wizard of Lies,” are sobering representations of real events. While these films are entertaining to watch, few contain actionable advice for investors to follow once they exit the theater. There are, however, a few notable exceptions. No single movie can fully educate beginners on the particulars of the stock market, but some contain a few pointers that may be valuable to those hoping to break into the finance world.…
Hertz, the iconic car rental company, is poised to sell off a portion of its exclusive Shelby Mustang Mach-E fleet. These distinctive vehicles, adorned with a special Hertz livery and unique features, carry a premium price tag of $65,000. While this may seem steep, history suggests that such limited edition Hertz cars often appreciate significantly over time. This isn’t the first time Hertz has offered high performance rentals. In the 1960s, their legendary “Rent A Racer” program allowed enthusiasts to rent Shelby Mustangs, democratizing the thrill of high octane driving. Hertz Sells Shelby Mustang Mach-E Fleet (Mustang Mach E) Although…
The M&A Failure Trap: Why Most Mergers and Acquisitions Fail and How the Few Succeed. 2024. Baruch Lev and Feng Gu. Wiley. At an early-1980s presentation by a leading investment bank to a business school alumni group, the bank’s CEO was confronted during the Q&A session about the high failure rate of corporate mergers and acquisitions (M&A), from which Wall Street derives a significant chunk of its revenues. The CEO responded by pointing out that companies’ internal projects — their investments aimed at building businesses from scratch rather than buying them — also fail at a high rate. He did…