HONG KONG (AP) — Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy. Oil prices fell while U.S. futures edged higher. Regional investors were watching for much-anticipated steps by Beijing to rev up the slowing Chinese economy as the top body of the national legislature wrapped up a meeting this week. “If Beijing delivers, we might see a powerful rally ripple through the region as investors gear up for a fresh surge in market momentum,” Stephen Innes of SPI Asset Management said in a commentary. Hong…
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TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (Clip or the Company), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that is has entered into an advisory services agreement with Oak Hill Financial Inc. (Oak Hill) for the purpose of facilitating certain investor relations services to be provided to the Company by Oak Hill. Oak Hill is based in Toronto, Ontario and provides comprehensive investor relations services to public and private companies across a variety of different sectors. Oak Hill will be assisting the Company with investor outreach and…
(Reuters) – Allegiant Air’s pilots have voted in favor of authorizing a strike action if the carrier fails to reach a fair agreement, the Teamsters union said on Thursday. The union, which represents 1,300 pilots of the low-cost U.S. carrier, said 97.4% of the Allegiant Air pilots voted for authorizing a strike. “Allegiant pilots are some of the most overworked and underpaid in the airline industry,” the union said in a statement, adding that they are seeking industry-standard compensation and improvements to scheduling. Teamsters said the union and Allegiant are currently in mediation sessions conducted by the federal National Mediation…
The Paradox of Debt: A New Path to Prosperity without Crisis. 2023. Richard Vague. University of Pennsylvania Press. In 2004, Vice President Dick Cheney drew no small amount of derision when he opined that “[President Ronald] Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right. In The Paradox of Debt: A New Path to Prosperity without Crisis, Vague — banker, venture capitalist, and Pennsylvania’s secretary of banking and securities — goes a long way toward making the case. The postcard version of the book’s “paradox” stipulates that without debt there can be no…
Saudi Arabia has invested billions of dollars into tech overseas in recent years.The kingdom is now looking for overseas tech companies to invest in it, according to Bloomberg. The kingdom plans to develop AI data centers, startups, and more with the help of foreign companies. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. In…
The Nantucket Marine Department will soon acquire a new fire response and emergency vessel for Nantucket Harbor to provide the town with new capabilities to fight boat fires and respond to other marine emergencies.The Select Board on Wednesday unanimously approved the purchase of a new 37-foot Harbor Guard vessel for $225,000 from the Helen H Offshore Fishing Corp.The vessel is capable of pumping 2,000 gallons per minute from two water guns and has towing capability. It would provide the town with a level of fire response on the water that does not currently exist, Harbormaster Sheila Lucy said.“With our entire waterfront infrastructure being wooden…
SHANGHAI and SAN DIEGO, Nov. 7, 2024 /PRNewswire/ — WuXi XDC Cayman Inc. (“WuXi XDC” or the “Company”, stock code: 2268.HK), a leading global CRDMO (Contract Research, Development, and Manufacturing Organization) specializing in antibody-drug conjugates (ADCs) and other bioconjugates (XDCs), is proud to announce that it has been named the winner of the “Best CDMO” at the World ADC Awards 2024 for the second consecutive year. Over the past three years, WuXi XDC has consistently earned recognition at the World ADC Awards, including being named the winner of the”Best CDMO” in 2023 and “Best CMO Runner-up” in 2022. This year,…
A tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump’s electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to a range of 4.5% to 4.75%. The S&P 500 rose roughly 0.7%, while the tech-heavy Nasdaq Composite moved nearly 1.5% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose to new highs. Meanwhile, the Dow Jones Industrial Average (^DJI) traded right…
By Dave Sherwood and Nelson Acosta ARTEMISA, Cuba (Reuters) -Cuban authorities said they had begun restoring power to the eastern half of the island on Thursday, a day after Hurricane Rafael knocked out the country’s electrical grid, leaving 10 million people in the dark. The grid collapsed on Wednesday as Rafael tore across Cuba with top winds of more than 115 mph (185 kph), damaging homes, uprooting trees and toppling telephone poles. The hurricane had spun off westward into the Gulf of Mexico where it no longer posed an immediate threat to land, the Miami-based U.S. National Hurricane Center said. …
The European Commission’s (EC) 2024 Climate Action Progress Report highlights significant strides in reducing greenhouse gas (GHG) emissions across the EU, with an 8.3% decrease in 2023. This marks one of the largest non-COVID-related declines in recent history, driven largely by a 24% reduction in emissions from electricity production and heating. Trading Carbon, Saving the Planet: How EU ETS Drives Climate Action What makes such a significant reduction in EU emissions possible is the bloc’s Emissions Trading System (ETS). The ETS is a key policy tool that slashes GHG emissions across several high-emitting sectors. It applies the polluter pays principle,…