Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Several mining companies worldwide are adopting electric vehicles (EVs) to improve sustainability and reduce carbon emissions. Notable efforts include BHP and Rio Tinto collaborating on battery-electric haul trucks, while projects in Canada, China, Indonesia, and Pakistan highlight the global shift toward greener mining practices. This transition presents both opportunities and challenges, including technical limitations, cost considerations, and environmental impact. As mining operations update their fleets, early adoption of EVs may enhance operational efficiency and compliance with future regulations.
Source: YAHOO
Reported 4 months ago
Monument Re has transferred a legacy reinsurance portfolio worth €1.4 billion to RGA Americas Reinsurance Company as part of its strategy to bolster consolidation in the European life insurance market. This move follows approval from both companies' boards and the Bermuda Monetary Authority, and is expected to enhance Monument's financial flexibility and solvency, thereby improving its market capabilities.
Source: YAHOO
Reported 4 months ago
Danish shipping company Maersk announced that the US and China's agreement to reduce tariffs for 90 days is a positive development, which led to a 12.9% increase in its shares. Maersk expressed hope that this temporary arrangement could pave the way for a permanent deal, providing long-term stability for its customers.
Source: YAHOO
Reported 4 months ago
Insurance Australia Group (IAG) is repositioning its Intermediated Insurance Australia (IIA) division to enhance service for brokers and clients. This restructuring focuses on improving underwriting, product development, pricing, and claims management. Key leadership changes include Fiona Geddes as executive general manager operations and Damien Gallagher as executive general manager CX & Growth. IAG aims to create a more agile, customer-focused operation to meet future growth ambitions and adapt to a changing market.
Source: YAHOO
Reported 4 months ago
Chilean retailer Cencosud saw a 2.4% revenue increase to 4.03 trillion pesos ($4.31 billion) in Q1 FY25, compared to the same period last year. This growth is attributed to strong performance in Chile, the US, Argentina, and Peru, along with an 8.8% rise in digital sales. The company's net income rebounded to 126.44 billion pesos, recovering from previous losses, driven by improved operational efficiency. CEO Rodrigo Larraín emphasized a focus on disciplined capital allocation and innovation to enhance customer value and operational productivity.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
德国包装行业公司SÜDPACK宣布Thorsten Seehars将接替退役的Erik Bouts，成为新的首席执行官。这一任命符合公司2030战略框架，Seehars表示他期待在这家创新公司的领导职位上继续Bouts的工作，专注于可持续性和创新研发。SÜDPACK的管理合伙人Carolin Grimbache对Seehars的到来表示欢迎，期待他能在未来的挑战中带来新的动力。
Source: YAHOO
Reported 4 months ago
Married retirees can maximize their Social Security benefits by understanding three often-overlooked rules. First, a spouse's earnings can negatively affect the other’s benefits if they continue to work while collecting Social Security. Second, spousal benefits can only be claimed once the spouse starts receiving their benefits. Finally, claiming Social Security early can lower the survivor benefits received by the spouse after the retiree's death. By navigating these regulations carefully, couples can enhance their financial security in retirement.
Source: YAHOO
Reported 4 months ago
US stock futures soared following a deal between the US and China to reduce tariffs for 90 days during ongoing trade talks. The S&P 500 futures surged by 2.8%, while Dow futures climbed over 900 points. This agreement lowers US tariffs on Chinese goods to 30% from 145%, and China's retaliatory tariffs to 10% from 125%. Despite the positive market reaction, concerns about inflation remain as traders anticipate upcoming inflation data.
Source: YAHOO
Reported 4 months ago
Italy's Moltiply Group has filed a lawsuit against Google seeking €2.97 billion ($3.34 billion) in damages, alleging abuse of market dominance following a European Court ruling. The suit claims Google favored its own service, Google Shopping, over Moltiply's price comparison platform from 2010 to 2017. This action is part of ongoing scrutiny of Google's competitive practices, with a previous €2.42 billion fine imposed by the European Commission for similar issues.
Source: YAHOO
Reported 4 months ago
Twangiza Mining has halted its mining operations in South Kivu Province of the Democratic Republic of Congo following a directive from the Rwanda-backed M23 rebel administration. The suspension highlights escalating tensions over resource control in the region, as the new administration insists the company comply with previously neglected tax obligations. The M23 Governor of South Kivu stated that the mine must adjust to new tax regulations, emphasizing that the DRC has received no tax revenue from Twangiza, which has led to uncertainty in the local mining sector.
Source: YAHOO
Reported 4 months ago
In a recent agreement in Geneva, the United States and China have decided to de-escalate their trade war by significantly reducing tariffs. The U.S. will lower its tariffs on China from 145% to 30%, while China will cut its tariffs from 125% to 10%. However, some tariffs and non-tariff barriers remain in place, particularly those imposed prior to April 2. Uncertainties persist regarding specific measures like rare earth export controls and other restrictions affecting U.S. firms.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Ramit Sethi, a self-made millionaire in his 20s, offers straightforward financial advice for Gen Z aspiring to build wealth. He emphasizes the importance of passive investing through diversified index or target-date funds, recommending a 'set it and forget it' approach to avoid the stress of day trading. Sethi advises starting early, even with small amounts, to leverage compound interest, and suggests that treating investments like a long-term project rather than rushing can lead to greater financial success.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Alphabet's recent earnings call provided encouraging information for Tesla and Nvidia investors. CEO Sundar Pichai mentioned the potential for Waymo to enter personal ownership of robotaxis, validating Tesla's plans for autonomous vehicles. Additionally, Alphabet's AI products are growing rapidly, supporting a continuing strong demand for data centers, which bodes well for Nvidia's market. Overall, these developments suggest a promising outlook for both companies.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Despite facing challenges due to tariffs, Amazon presents a strong buying opportunity as its stock has dropped 20% from its all-time high. With continued growth in e-commerce, digital advertising, and cloud services via Amazon Web Services (AWS), the company is well-positioned for future expansion. Analysts project a significant rise in earnings, making this a potentially lucrative investment for long-term investors.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
The US and China have agreed to a 90-day pause on reciprocal tariffs, reducing baseline tariffs to 10% amidst ongoing trade tensions. Treasury Secretary Scott Bessent announced the agreement following productive discussions in Geneva, which led to a surge in stock futures. This agreement comes just before key inflation data release, which is expected to reveal the impact of the tariffs on the economy, amid concerns about rising inflation and unemployment.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Iberdrola has agreed to sell its UK smart metering division, SP Smart Meter Assets (SPSMAL), to Macquarie for approximately £900 million, pending approval from the UK’s competition authority. SPSMAL manages 2.7 million meters across the UK, while Macquarie oversees over ten million. This sale aligns with Iberdrola's strategy to rotate non-core assets and is part of its broader plan for divestments exceeding €10 billion. The transaction is slated to finalize in Q3 2025.
Source: YAHOO
Reported 4 months ago
Contemporary Amperex Technology Co. Ltd. (CATL) has commenced taking orders for what is anticipated to be the largest stock offering globally this year, aiming to raise up to HK$41 billion ($5.3 billion). The company, targeting international expansion and a significant factory in Hungary, has already garnered ample investor interest, despite facing challenges like US-China tensions and being placed on a Pentagon blacklist due to alleged ties to the Chinese military. The share offering is set to begin trading on May 20.
Source: YAHOO
Reported 4 months ago
Virgin Media O2 is merging its enterprise unit with Daisy Group to create a new telecom and IT service for businesses. The new entity will be 70% owned by Virgin Media O2 and 30% by Daisy Group, aiming for pro-forma revenues of approximately £1.4 billion and adjusted earnings of around £150 million, based on 2024 performance.
Source: YAHOO