Author: Journalist
Assoprevidenza, the Italian association of the complementary pension sector, will start ranking asset managers according to their ESG strategies and the role played by sustainability in governance processes, it announced today. The members of the association will use the metric provided by research company ET.Group to rank asset managers, tender and renew mandates. The ranking of asset managers is based on the Integrated Governance Index (IGI) ESG.IAMA, a quantitative index measuring ESG in the governance of an asset manager operating in Italy, in their products and their sustainability goals. The metric helps identify the right products among “the flood of sustainable funds”…
Silke Stremlau, the chair of Germany’s sustainable finance advisory group – Sustainable Finance Beirat (SFB) – expects the government coming out of the February election to continue with plans to create the right conditions to fund the transition to a greener economy. “I hope that the next government will focus on transition finance and what incentives can be put in place to attack private capital for the transition. Another priority for the next government should be to simplify regulation,” she told IPE. She added that during the next legislative period it is important “to sharpen the understanding” in politics that…
In case you missed it from the weekend: Trump weekend tweet roundup: ‘Productive’ meeting with Trudeau and a BRICS rantTrump threatened BRICS countries that if they were to divest from the dollar, then they will be slapped by tariffs. In the end, it will just be another one of his rants. I mean, 100% tariffs? Really? But nonetheless, markets are definitely running with it a little to start the new week/month.With the dollar having weakened into month-end last week, we’re now seeing it bounce back to start December trading. And the headline above is helping the dollar to cook.The greenback…
Faryar Shirzad, chief policy officer at Coinbase, speaking onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on Sep. 24, 2024 in New York City.John Lamparski | Getty Images for Concordia SummitLONDON — Coinbase’s top policy executive expects the United States to rapidly regulate the cryptocurrency industry once Donald Trump becomes president.Faryar Shirzad, chief policy officer at Coinbase, told CNBC he sees crypto legislation making its way through Congress “fairly quickly” after the Republican president-elect — who ran on a notoriously pro-crypto policy platform — enters the White House.The Republican Party also secured a governing trifecta, gaining control of…
David Schwartz, chief technology officer at Ripple, has noted that XRP’s becoming the third-biggest cryptocurrency coincided with his officially reaching 12 years at the company. The XRP continued its blistering rally on Sunday, surging by more than 28%. The token has reached a new multi-year high of $2.48.The Ripple-affiliated cryptocurrency is now in third place by market capitalization, surpassing stablecoin giant Tether (USDT) and “Ethereum killer” Solana (SOL).It has managed to reclaim one of the top spots after coming close to dropping out of the top 10 following the SEC lawsuit against Ripple. Still, the controversial cryptocurrency has a long way…
Coming into 2024, we favored U.S. and Japanese equities because we expected them to deliver the strongest earnings growth. Both delivered. The U.S. has posted 9% earnings growth in the last 12 months compared with just 1% for the rest of the world, LSEG Datastream data shows. See the chart. U.S. stocks have soared on the AI theme and resilient economic growth. The earnings of “magnificent seven” mostly tech companies have surged 45% in the past year. Japanese companies have achieved 14% earnings growth in yen terms on shareholder-friendly corporate reforms plus the return of mild inflation helping drive corporate…
Singapore Post said on Monday (Dec 2) it is selling its Australian business, Freight Management Holdings (FMH), to private equity firm Pacific Equity Partners for a cash consideration of A$775.9 million (US$504.1 million). The sale is expected to generate a gain on disposal of S$312.1 million (US$232.1 million), the company said in a Singapore Exchange filing. This move follows SingPost’s strategic review initiated in July 2023, and an announcement last week regarding exclusive talks for the potential sale of its Australian business. SingPost said it will use some of the proceeds to repay borrowings, particularly its Australian dollar-denominated debt of…
When working full-time and starting your own business, the key is to start small and leverage what … [+] you already havegetty Most people dream of starting a business and being their own boss; but for many, this dream seems out of reach, especially if you find yourself working 12-hour days or more. Is it even possible to launch a business when you’re working full time in addition to the weight of personal and family responsibilities? How to start a business while under the load of so many demands is a pretty daunting question, right? The good news is that…
Traders work on the floor of the New York Stock Exchange during morning trading on Nov. 26, 2024.Michael M. Santiago | Getty ImagesThe S&P 500 and the Nasdaq Composite rose to new records to begin December trading as the indexes added to November’s hefty gains.The S&P 500 added 0.24% to close at 6,047.15. The Nasdaq Composite added 0.97% and ended at 19,403.95. Both indexes touched fresh all-time intraday highs and closed at records. The Dow Jones Industrial Average lost 0.29%, or 128.65 points, closing at 44,782.00. The blue-chip index briefly topped the 45,000 level during the day, a key threshold…
The rates at which they are being set up and closing are both at the lowest in eight yearsFOOD and beverage (F&B) businesses have been opening at a slower rate in Singapore this year, but observers believe the industry remains attractive despite rising costs. For the first nine months of 2024, the formation rate of F&B entities – that is, the rate at which these businesses are being set up – was the lowest in eight years. The number of formations divided by the total number of live businesses was 11 per cent, down from 14 per cent in the year-ago…