Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BP has agreed to take full control of the solar power developer Lightsource BP in a sign that the UK energy major is pressing ahead with the transition strategy conceived by former chief executive Bernard Looney.The FTSE 100 oil and gas producer will pay an initial £254mn for the 50.03 per cent it does not already own of Lightsource BP, with the potential for further payments depending on the company’s performance and the sale of assets identified for divestment.BP first bought into…
© Reuters. Newly appointed Governor of the Bank of Italy, Fabio Panetta looks on as he attends a banking conference in Rome, Italy November 30, 2023. REUTERS/Remo Casilli/File Photo By Giuseppe Fonte ROME (Reuters) -The European Central Bank (ECB) must not cause “unnecessary damage” to the economy and financial stability through sustained high interest rates, new Bank of Italy governor Fabio Panetta said on Thursday. Panetta, a member of the ECB’s governing council, added that the round of monetary tightening which saw a streak of 10 straight rate rises until September, has not yet had its full impact and would…
© Reuters. CANADA – Canadian Imperial Bank of Commerce (CIBC) has reported a substantial increase in its fourth-quarter profit, with figures escalating to CA$1.48 billion from the previous year’s CA$1.19 billion. The bank has also announced an increase in its quarterly dividend payout, from 87 Canadian cents to 90 Canadian cents per share. This financial surge is marked by a significant revenue growth, totaling CA$5.84 billion for the quarter compared to last year’s figure of nearly $5.39 billion. The bank’s diluted earnings per share have climbed from the previous year’s CA$1.26 to CA$1.53. Additionally, CIBC’s adjusted earnings per share have…
© Reuters. U.S. President Joe Biden delivers remarks at CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. REUTERS/Evelyn Hockstein (Reuters) – The Biden administration announced a proposal on Thursday which would require water systems across the U.S. to replace lead pipes within the next ten years, an issue which has been previously called a public health crisis by Vice President Kamala Harris. The proposal, announced by the U.S. Environmental Protection Agency (EPA), includes a series of additional regulatory actions such as lowering the lead action level and improving sampling protocols utilized…
OneAscent Core Plus Bond ETF declares monthly distribution of $0.0742
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) – After making hay when a summer bond rout propelled the U.S. dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5% in November against a basket of other major currencies, is set for its worst monthly performance in a year as expectations of interest-rate cuts next year grow, toppling Treasury yields from multi-year highs. Five funds shared their views on the fate of…
Two Republican officials in rural Arizona have been criminally charged for delaying the certification of the 2022 election results, the state’s top prosecutor announced on Wednesday. A state grand jury returned an indictment charging Peggy Suzanne Judd, 61, of Willcox, and Terry Thomas “Tom” Crosby, 64, of Sierra Vista with the felony offenses of Interference with an Election Officer and Conspiracy. Judd and Crosby both currently serve as supervisors in Cochise County, which runs along the U.S.-Mexico border. “The repeated attempts to undermine our democracy are unacceptable,” Attorney General Kris Mayes, a Democrat, said in a statement Wednesday. “I took an oath…
Paul Daneshrad is the founder & CEO of StarPoint Properties, a well-respected real estate investment and development firm. getty The commercial real estate market is currently in flux, with demographic shifts, supply and demand issues and higher interest rates raising concerns about the health of the market and property valuations. Specifically, the work-from-home trend that emerged during the Covid-19 crisis and the sharp increase in interest rates since 2022 have changed the dynamics of several parts of the CRE market. However, there are signs of improvements for investors on both the work-from-home and the credit availability fronts. And these issues,…
Working retail is the best way to kickstart your skills as a growing entrepreneur,getty According to an April 2023 Bankrate survey, 39% of U.S. adults have a side hustle and about 28% say they expect to always need one to make ends meet. Before launching my six-figure side hustle as a financial coach, I worked part-time jobs for $15/hour at two local clothing boutiques. I also attempted my own retail business that taught me critical skills most new entrepreneurs miss out on by trying to learn them in their own businesses. Here are three crucial business skills I learned working…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Members of the RMT union have voted to accept a pay deal and end almost 18 months of strikes across the UK rail network. The country’s largest transport union on Thursday said its members had “spoken in huge numbers” to accept the offer. The agreement represents a big breakthrough in the lengthy dispute between unions and the government and rail operators that first erupted in the summer last year. RMT members accepted an offer of a backdated pay rise of 5 per…