On November 5, 2024, SEBI issued a circular titled, Disclosure of expenses, half-yearly returns, yield and risk-o-meter of schemes of Mutual Funds, outlining three changes to the half-yearly disclosures made by Asset Management Companies (AMCs) under its jurisdiction. SEBI RIA Abhishek Kumar explains the changes.About the author: Abhishek is part of a freefincal’s curated list of fee-only financial advisors and a fee-only India member. He can be contacted via his website, sahajmoney.com.His journey has been published earlier: Fee-only Advisor Abhishek Kumar’s tap dancing to financial freedom.Sunlight is the best disinfectant. – Justice Louis Brandeis.Securities regulators worldwide aim to make securities markets efficient, where asset prices reflect…
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Amazon is considering increasing its investment in OpenAI rival Anthropic. According to The Information, Amazon is in talks to invest multiple billions in Anthropic, its first financial pledge in the company since a $4 billion deal struck last year. The new investment is structured similar to the last one — but with a twist. Amazon wants Anthropic to use Amazon-developed silicon hosted on Amazon Web Services to train its AI. Anthropic prefers Nvidia chips. But the money may be too good to pass up. Around the start of the year, Anthropic reportedly projected it would burn through over $2.7 billion…
(Reuters) – Japanese investors aggressively divested their foreign asset holdings in the week to Nov. 2 on caution ahead of the U.S. presidential election, while the recent downtrend in the yen also prompted them to lock in profits. According to Ministry of Finance data, Japanese investors withdrew … Source link
By John O’Donnell, Tom Sims and Christoph Steitz FRANKFURT/BERLIN (Reuters) – A political crisis at home threatens further pain for Germany’s car, banking and energy industries, as they grapple with an increasingly hostile world following the election of Donald Trump and trade tensions with China. Germany is bracing for months of uncertainty after its governing three-party coalition crumbled following a series of disputes, most recently on how to jump-start its flagging economy, Europe’s biggest. Its second-largest lender, Commerzbank (ETR:), had been looking to Berlin to shield it from an unwanted takeover by an Italian rival, while industry was hoping for…
(Reuters) – Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday. The company, a controlling shareholder of the oil refiner, plans to raise its stake in CVR to more than 81% by buying an additional 15 million shares, the report said, citing draft statements that billionaire activist investor Carl Icahn and his firm plan to release on Friday. The new offer will benefit stockholders from cashing out at a premium, WSJ reported, quoting Icahn from the draft statement. To fund this and other…
(Reuters) – This year’s U.N. climate conference in Baku, Azerbaijan, marks the world’s 29th leadership gathering to confront global warming since the first “Conference of the Parties” in 1995. Here are some of the most significant moments in the history of climate talks: 1800s – For about 6,000 years before the industrial era, global levels of atmospheric carbon dioxide (CO2) remained around 280 parts per million (“ppm”). Several European scientists begin studying how different gases trap heat, and in the 1890s Svante Arrhenius of Sweden calculates the temperature effect from doubling atmospheric CO2 levels, demonstrating how burning fossil fuels…
Image source: Rolls-Royce Holdings plc The Rolls-Royce (LSE:RR) share price is up 148% over the past 12 months, defying the wildest expectations of many investors. The company’s rebound from potential bankruptcy has been impressive to say the least. But that’s in the past. Investors are asking themselves whether the FTSE 100 share price can really go any higher. Well, experts covering the stock suggest it can. Let’s take a closer look. Finding fair value Analysts — of which there are 17 of them — covering Rolls-Royce hold a broadly positive view on the stock. That’s indicated by eight Buy ratings,…
Investing.com – Italy stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Milan, the added 0.13%. The best performers of the session on the were Iveco Group NV (BIT:), which rose 10.73% or 0.99 points to trade at 10.20 at the close. Meanwhile, Banco Bpm SpA (BIT:) added 8.97% or 0.57 points to end at 6.88 and Interpump Group (BIT:) was up 5.96% or 2.44 points to 43.36 in late trade. The worst performers of the session were Prysmian SpA (BIT:), which fell 3.77% or 2.38 points…
Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed “Web5.” These cuts will free up the company to invest in Bitcoin mining and its crypto wallet. “We are scaling back our investment in TIDAL and winding down TBD,” said Block in the letter. “This gives us room to invest in our bitcoin mining initiative, which has strong product market fit and a…
Investing.com– Bitcoin rose on Friday and remained close to record highs hit this week as a Donald Trump victory in the 2024 presidential election and an interest rate cut by the Federal Reserve kept crypto markets upbeat. The world’s largest cryptocurrency rallied to record highs this week amid optimism over friendlier U.S. regulations during a second Trump presidency. The Fed’s interest rate cut on Thursday added to this rally, as the bank signaled that the U.S. economy remained strong, and that it will likely ease monetary policy further. rose 1.6% to $75,980.3 by 00:20 ET (05:20 GMT). Bitcoin remains upbeat…