May 8, 2024
Finance

UN’s Usher highlights financing challenge for companies in green transition

Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes there is still a “real

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Investors

10-year Treasury yield passes 1.5% as investors digest the jobs data beat

Treasury yields continued to edge higher on early Friday as investors digested the latest jobs data and comments by officials of the Federal Reserve. Weekly jobless claims surprised economists Thursday by coming in at their lowest level since September 2022, in a further indication of the strength of the U.S. jobs market. The yield on

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Finance

Lets Be Clear On What Finance Can And Can’t Do

Economic Forum (WEF) annual meeting in Davos, on January 16, 2024. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) AFP via Getty Images For all the talk of sustainability being put on the back burner whilst other issues (inflation, rates, AI, geopolitics etc) take centre stage, the energy transition and

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Finance

Exclusive | Leaders at Davos focused on Hong Kong business landscape not Article 23 national security law, finance chief Paul Chan says

Global business and political leaders meeting Hong Kong’s finance chief during a high-profile summit in Switzerland are more concerned about the city’s economic developments than impending home-grown national security legislation, the top official has told the Post. Speaking from the World Economic Forum in Davos, Switzerland, Financial Secretary Paul Chan Mo-po said the “overall sentiment”

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Investors

stocks, news, UK inflation and Davos

11 Mins Ago Novozymes CEO is confident its merger with Chr. Hansen will close in Q1 Novozymes CEO Ester Baiget discusses the Danish biotechnology company’s planned combination with with fellow biotech firm Chr. Hansen. An Hour Ago UBS CEO: Markets too complacent about rate cuts Sergio Ermotti, CEO of UBS, outlines the main challenges the

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Investors

3 reasons why investors keep sending Palo Alto Networks to record highs

Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. He cited three reasons that highlight why investors keep pushing the Club stock to record highs. During a CNBC interview at the World Economic Forum’s annual meeting in Davos, Switzerland, Arora said that Palo Alto Networks stands to benefit

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Crypto

AI takes over WEF’s main area pushing crypto aside

Companies touting their artificial intellgience products dominated the Promenade, the main road in Davos. In past years at the World Economic Forum annual meeting, cryptocurrency firms were the most prominent down the Promenade. But AI fever has taken over in 2024. Arjun Kharpal | CNBC This shift underscores the rapid rise in AI investments and

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Investors

European markets live updates: stocks, news, data, Davos

9 Hours Ago Goldman Sachs says it’s time to buy this unloved global sector — and names some top stocks Europe’s utilities sector may have come under pressure over the past three years, but Goldman Sachs says a shift is underway, naming stocks to play the industry in 2024. “We believe that the improved outlook

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Finance

Finance bosses snub Davos as ‘conference fatigue’ sets in

Leading figures in the financial sector are shunning Davos this year, as the World Economic Forum fights to compete with a growing number of rival conferences around the world. Bank of England governor Andrew Bailey, Dame Anne Richards of Fidelity International, John Studzinski of Pimco and Hendrik du Toit of Ninety One have all opted

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