By Uditha Jayasinghe, Sudipto Ganguly COLOMBO (Reuters) -Sri Lanka’s Marxist-leaning leader, Anura Kumara Dissanayake, grabbed a commanding early lead on Sunday in his bid to become the next president of the debt-ridden country seeking to elect a leader to bolster its fragile economic recovery. Dissanayake won about 53% of a million votes counted so far in the election, Sri Lanka’s Election Commission data showed. Opposition leader Sajith Premadasa was second at 22%, ahead of President Ranil Wickremesinghe in third place. About 75% of the eligible 17 million people in the Indian Ocean island nation cast their votes in Saturday’s election,…
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Just 5% of more than 4,000 projects in the global carbon-credit market are considered high quality, according to an analysis by MSCI Inc.The findings are the latest blow to the voluntary carbon-credit market, which has struggled amid revelations of offerings that fail to deliver promised emission reductions. In July, the Science Based Targets initiative, the world’s top arbiter of corporate climate goals, said a review that it conducted found most credits “ineffective.” Source link
A significant transformation is set to take place on Detroit’s east side as German automotive supplier Laepple Automotive prepares to take over the former Stellantis Mt. Elliott Tool and Die site. Laepple plans to invest $78.8 million into the facility, repurposing it into a modern stamping plant producing automotive parts. This development is expected to bring 173 jobs to the city, further contributing to the resurgence of Detroit’s automotive industry. Mt. Elliott Tool and Die Facility. (Google). The Mt. Elliott Tool and Die plant, initially built in 1938 by the Briggs Manufacturing Company, has a long and storied history. Chrysler…
In the mid-2000s, a former medical student turned portfolio manager named Michael Burry predicted the housing crisis and its economic implications during the Great Recession. In more recent history, billionaires such as Chamath Palihapitiya have emerged as prominent talking heads for markets, politics, and everything in between.But the investment industry’s “what have you done for me lately?” mentality has me skeptical that Burry or Palihapitiya will remain relevant over the course of the next several decades. That’s a tough thing to do.I can think of one investor for whom this question doesn’t really apply. Over the course of several decades,…
CAIRO (Reuters) – Qatari Al Jazeera TV said on Sunday morning that Israeli forces stormed its bureau in the West Bank’s Ramallah city with a military order to close it for 45 days. The Qatar-based channel aired live footage of the Israeli troops storming the channel’s office and handing over a military closure order to one of the Al Jazeera TV staff before the broadcast was disrupted. In a statement, the Palestinian Journalists’ Syndicate condemned the Israeli move, saying “this arbitrary military decision is considered a new violation against journalistic and media works, which has been exposing the occupation’s crimes…
Back in May, rules were released, clarifying the qualifications for the 40B carbon tax credit for 2023 and 2024. This program offers up to a $1.75 per Source link
The latest versions of Apple’s (AAPL) iPhones, Watches and AirPods officially went on sale on Friday. These are questions investors have about the company. Read for more. Source link
SynopsisWhen making long-term investment decisions, it’s essential to consider various factors, such as industry trends, company financials, and more. However, one aspect that often proves decisive is whether a company possesses a significant advantage, or edge, over its competitors. This unique strength is what enables a company to outperform its peers when the industry faces challenges. Every sector, at some point, goes through difficult phases – whether due to external factors, internal disruptions, or broader macroeconomic challenges. For instance, while the IT sector is currently facing headwinds, it was the real estate sector that struggled with numerous issues four years…
Normally, investors looking for dividend growth wouldn’t expect to find it in the real estate investment trust (REIT) sector. But sometimes there are gems that get overlooked because they don’t conform to the norms. Rexford Industrial Realty (NYSE: REXR) is just such a genre-defying stock. Here are three reasons why this is one magnificent high-yield dividend growth stock you’ll want to consider buying and holding forever.1. Rexford’s yield is attractiveTo get the bad news out first, Rexford Industrial’s yield is a little below average for a REIT. Rexford’s dividend yield is 3.3% while the average REIT has a yield of roughly…
Market risk is the potential for losses in securities due to fluctuations in market factors like interest rates, currency values, FX/commodity spot rates, and equity prices. These risks are inherent in all traded securities, from corporate bonds to commodities. Each type of security may face multiple risks simultaneously, making market risk a crucial consideration for investors and financial institutions. Compounding these risks is model risk, which refers to the risk inherent with the development and usage of a model to determine financial outputs and decision making. An inefficient or incorrect modelling technique can sometimes lead to drastic repercussions for the…