Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UN climate summits have turned into sprawling, complex affairs. This year’s host city Dubai is braced for 70,000 attendees. Amid the circus-like atmosphere, countries including Spain, France and Ireland want a clear outcome: a timeline to ditch “unabated” fossil fuels. Unabated means emissions are not stemmed by capturing and permanently storing carbon dioxide. Countries such as Saudi Arabia want CO₂ reduction technologies such as carbon capture and storage (CCS) to feature heavily in talks. That would boost an industry that has long…
© Reuters. FILE PHOTO: U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -PricewaterhouseCoopers affiliates in Hong Kong and China and a Chinese audit firm have agreed to pay a total of $7.9 million in fines for failures related to audits of U.S.-listed Chinese companies, the U.S. accounting watchdog said on Thursday. The penalties come over a year after Beijing and Washington struck a landmark deal that has allowed the U.S. Public Company Accounting Oversight Board (PCAOB) to inspect the books and records of Chinese companies listed in New York for the…
Why nCino (NCNO) Shares Are Falling Today What Happened: Shares of maker of operating system for banks nCino (NASDAQ:NCNO) fell 6.7% in the morning session after the company reported third quarter results and provided revenue guidance for the next quarter that fell below Wall Street’s expectations, though revenue narrowly exceeded expectations during the quarter. In addition, GAAP operating income and free cash flow missed. Management acknowledged various challenges, particularly with enterprise banks. They noted that some deals were delayed into the next quarter as customers assessed their budgets and the potential effects of a changing interest rate environment on their…
© Reuters. A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger (Reuters) – Brazil is set to join the OPEC+ group of oil-producing countries which includes Saudi Arabia and Russia from January, an OPEC+ delegate told Reuters on Thursday.
Gaucho Group receives Nasdaq extension to regain compliance with listing rules
Nikki Haley’s presidential campaign released its first ad of the Republican primary race on Thursday, a spot that calls for “a new generation of conservative leadership” and presents her as a steady hand in the face of domestic and international threats.The ad, titled “Moral Clarity,” comes as Ms. Haley, the former United Nations ambassador and South Carolina governor, aims to build on her momentum in the polls ahead of the first nominating contests in January. Former President Donald J. Trump, however, maintains a wide lead in surveys.The 30-second ad, part of a $10 million purchase in Iowa and New Hampshire,…
Authorities arrested Jason James Eaton, in connection with the shooting of three Palestinian students in Vermont.Eaton was part of tight-knit, progressive community in upstate New York.Eaton had no racist views or interest in guns, former associates say, but his recent social media postings show a turn toward extremism. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Authorities charged Jason James Eaton in connection with shooting three college students of Palestinian descent Sunday, according to the Burlington Police Department.The motivation for the shooting of Hisham Awartani, Tahseen Ahmed,…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.The United Arab Emirates is preparing to launch a $30bn climate-related investment fund with BlackRock, TPG and Brookfield, according to people familiar with the matter.The launch comes as the UAE attempts to bolster its credentials as host of COP28 on the first days of the UN summit.Lunate Capital, a new Abu Dhabi-based asset manager set up with $50bn in assets, will oversee the fund with at least $5bn earmarked for investment in Global South countries, three people involved in discussions said.The UAE…
© Reuters. European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo By Huw Jones LONDON (Reuters) – Private finance has a key role to play in deepening the European Union’s capital market to boost investment, with the bloc’s finance ministers turning to “bottom up” measures for faster progress, Central Bank of Ireland Deputy Governor Derville Rowland said on Thursday. The bloc has introduced several “top down” reforms in a bid to boost its capital market, but progress has been modest and it continues to lag Wall Street in terms of breadth and…
© Reuters NEW YORK (Reuters) – A U.S. regulator said on Thursday it fined Bank of America $24 million for engaging in more than 700 instances of “spoofing” through two former traders in U.S. Treasuries, and for related supervisory failures over more than six years. The Financial Industry Regulatory Authority said the unit, BofA Securities, did not admit or deny wrongdoing in agreeing the fine.