Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty ImagesAsia-Pacific markets were set to open mixed Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.”Australia’s S&P/ASX 200 was down 0.43%, ahead of the Reserve Bank of Australia’s policy decision. Reuters estimates a 25-basis-point rate cut to 4.1%.The Australian dollar had strengthened 0.05% to 635 against the dollar.Japan’s benchmark Nikkei 225 started the day 0.28% higher, while the broader Topix index advanced 0.37%.South Korea’s Kospi was marginally higher, while the small-cap Kosdaq was down 0.18%.Futures…
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KUALA LUMPUR (Feb 17): Deputy Finance Minister Lim Hui Ying said on Monday that the government will consider only public projects with a high impact on the economy, well-being and security of the people under private financing initiatives (PFIs).This is in line with the government’s efforts to ensure prudent fiscal management, as outlined in the Public Finance and Fiscal Responsibility Act 2023, Lim said.”In addition, the government is strengthening monitoring and reporting mechanisms to ensure transparency in concession agreements and to avoid unexpected liability risks,” Lim told the Dewan Rakyat during the oral question and answer session.PFIs are a form…
A report that the World Resources Institute published in June 2023 on the status of climate change, ecological diversity and economic development gives the following warning: “The writing is on the wall: If we continue on this path, the world will lose one of its most effective allies in combatting the climate and biodiversity crises. And coastal communities, especially in small island and developing nations, will lose a critical resource on which they depend for livelihoods, food and water security and resilience to climate impacts”. The critical ally mentioned in the report is the ‘Blue Carbon’, a new product in…
This post is sponsored by Boulevard Bikes.By practically all accounts, New York City’s congestion pricing initiative, which launched on January 5, is doing precisely what it’s supposed to: easing traffic congestion. You can get up to speed on exactly how the program is designed, from this explainer by Streetblog NYC’s Dave Colon.In a nutshell, the Big Apple’s new toll has resulted in a 7 percent reduction in Manhattan traffic, plus other key improvements, according to research by NYU’s Rudin Center for Transportation Policy and Management. You can read a new Q&A on the subject with the center’s director Sarah Kaufman. Fewer drivers during…
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines said Monday that it is cutting about 15% of corporate jobs, or about 1,750 people, a move its CEO called “unprecedented” as the company scrambles to cut costs.The company said it expects savings from the cuts of $210 million this year and about $300 million in 2026. The layoffs will be mostly done by the end of the second quarter and include some senior leadership roles, CEO…
The meat industry has a terrible carbon footprint. While diet is a personal choice, might financing vegetarian products be the game changer that moves our consumer habits in a more sustainable direction? It very well may be. Vegetarian-related investing has evolved from a fringe idea into unicorn territory. Once the sole domain of impact investors, it is now going mainstream with the development of the food tech sector. We at SustainFinance believe investors should pay attention. Vegetarianism has grown in popularity. While concerns about the associated environmental degradation, heath implications, and ethics of meat consumption are prime motivators, increasing vegetarianism…
(Bloomberg) — Japan’s corporate bond market is booming, as an economic rebound and plans to get ahead of higher interest rates encourage a flurry of issuance. Most Read from Bloomberg Japanese companies have sold 14.7 trillion yen ($96.8 billion) of local-currency bonds in the current fiscal year, a record for the period, according to data compiled by Bloomberg. A key motivation: locking in funding ahead of an anticipated series of rate hikes, which will push up future borrowing costs. The issuance surge underscores the sweeping changes taking place in Japan. The central bank has ended the world’s boldest experiment with…
DENVER — A bipartisan bill moving through the state legislature right now would make a personal finance class a requirement for high school graduation. It’s already a requirement in about 25% of school districts in Colorado.Financial literacy is crucial to learn at a young age, Financial Adviser Bruce Allen said. Bill to make personal finance class requirement for high school graduation “A better educated investor has better chances to achieve their financial goals, whether that’s retirement or putting their children through college,” Allen said. “Whatever those goals may be, the better you’re educated you are as an investor, the better…
Carbon Dioxide Removal (CDR) market is growing fast, with demand rising. Explore CDR credits, key buyers & suppliers,and policies shaping it. Source link
Xpansiv launches a new data series for North America’s REC markets, integrating CBL spot exchange, Xpansiv Connect™, and Evolution Markets’ OTC prices. Source link