Australia is a world-leader in species extinction and environmental decline. So great is the problem, the federal government now wants to harness money from the private sector to pay for nature repair. Under the government’s new “nature repair market”, those who run projects to restore and protect the environment are rewarded with biodiversity credits. These credits can be sold to private buyers, such as corporations wanting to meet environmental goals. The nature repair market is similar in many ways to Ausralia’s existing carbon credit scheme. So, examining the extent to which carbon projects actually protect biodiversity is important as the…
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WASHINGTON (Reuters) -President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the list of candidates to become his Treasury secretary, the New York Times (NYSE:) and Wall Street Journal reported on Sunday. A former investment banker, Warsh, 54, served on the Federal Reserve Board from 2006 to 2011. He was seen as both a fiscal hawk and a proponent of higher savings rates. Rowan, 62, co-founded investment manager Apollo Global Management (NYSE:) and became the firm’s CEO in 2021. Republican U.S. Senator Bill Hagerty of Tennessee, 65, who Trump met at Mar-a-Lago last week,…
JYP Entertainment’s boy group Stray Kids attends the 2024 SBS Music Awards Summer in Seoul. The group’s activities has given its parent company a “dramatic rebound to profitability” The Chosunilbo Jns | Imazins | Getty ImagesK-pop businesses mostly continued to struggle in the third quarter of the year, with three of South Korea’s four largest agencies posting poorer financial results compared to last year.The K-pop industry has been seeing a slowdown due to declining album sales and the inactivity of record-breaking groups such as Blackpink and BTS. Members of BTS have been serving their mandatory military service, while Blackpink only announced…
By Leika Kihara NAGOYA (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the economy was making progress in achieving sustained inflation backed by rising wages, signalling that conditions for raising interest rates again were gradually falling in place. “We expect wage-driven inflationary pressure to heighten, as the economy continues to improve and companies keep hiking pay,” Ueda said in a speech to business leaders in the central Japan city of Nagoya. But the BOJ chief said the central bank must remain vigilant to external risks, such as lingering uncertainty over the U.S. economic outlook and still-jittery financial markets.…
Our primer on commercial real estate (CRE) investing explored the core components of real estate investing decisions. But what about CRE investing in the current environment? How has the post-pandemic world of renewed geopolitical tensions, resurgent inflation, and rising interest rate pressures reshaped how real estate capital markets operate? How has hawkish monetary policy impacted CRE over the past year? Where is the CRE sector headed, and how can investors respond? Here we explore the historical data as well as various theories and perspectives on CRE’s “new normal.” Above all, we consider what strategies may emerge for investors. The era…
A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access.With billions of dollars worth of trading volume flowing across the border between Hong Kong and Shanghai and Shenzhen on a daily basis, the stock connect has been a success. While the link was later expanded to include bonds, exchange traded funds and interest rate swaps, it has yet to allow investors to access the primary market, or initial public offerings. Source link
(Bloomberg) — A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access. Most Read from Bloomberg With billions of dollars worth of trading volume flowing across the border between Hong Kong and Shanghai and Shenzhen on a daily basis, the stock connect has been a success. While the link was later expanded to include bonds, exchange traded funds and interest rate swaps, it has yet to allow investors to access the primary market, or initial public offerings. Charles Li, one of the key…
This revised news release replaces the one issued on November 14, 2024, contains several non-financial changes throughout and removes the name of and references to a new customer, at the customer’s request. The agreement with the new customer remains in effect. Revenues of $8.8 million compare with $3.9 million in the prior-year quarter, adjusted EBITDA (a non-GAAP measure) of $1.6 million compares with negative $1.7 million a year ago Expects to have more than 50 IG-SRT Systems signed under the Fair Deal Agreement recurring-revenue program by the end of the year BOCA RATON, Fla, Nov. 17, 2024 (GLOBE NEWSWIRE) –…
(Bloomberg) — Samsung Electronics Co. shares surged after South Korea’s biggest company announced a surprise plan to buy back about 10 trillion won ($7.2 billion) of its own stock over the next year. Most Read from Bloomberg The stock rose as much as 7.3% in Seoul trading Monday, adding to a 7.2% jump Friday ahead of the news. The shares are still down about 27% this year amid concerns that its memory chip business has fallen behind in the artificial intelligence market. Analysts expect the buyback to provide a catalyst for the stock, while some noted that it may also…
By James Pomfret and Jessie Pang HONG KONG (Reuters) – A Hong Kong court will this week sentence 45 democratic campaigners in a major national security trial, with potentially heavy jail terms poised to further damage the financial hub’s once lively pro-democracy movement, critics say. In May, 14 of the 47 democrats were found guilty of the charge of conspiracy to commit subversion, and two were acquitted. Earlier, 31 had pleaded guilty, hoping for reduced sentences. The U.S. has described the trial and its guilty verdicts as “politically motivated”, while demanding the defendants be released. Hong Kong authorities say the…