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Goldman backs low-emissions stocks as climate talks start

Goldman backs low-emissions stocks as climate talks start

MILAN: Electric carmaker Tesla , lithium supplier Albemarle and tyremaker Continental are among relative winners from a growing focus on emissions as climate-change talks get underway, Goldman Sachs told clients. As world leaders gathered for a landmark climate pact in Paris on Monday, the U.S. investment bank’s analysts wrote in a note that a breakdown […]

November 30, 2015 | By | Reply More
Singapore’s retirement system increasingly sustainable: Study

Singapore’s retirement system increasingly sustainable: Study

SINGAPORE: The Republic’s retirement system is becoming increasingly sustainable – according to a study released by insurance and asset manager Allianz on Monday (Nov 30). However, the study also showed that existing schemes are not enough to maintain the same standard of living after retirement. Allianz said that adjustments to the CPF system in recent […]

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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

LONDON: Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, on Tuesday begins a two-day, appeal against his conviction and a 14-year jail sentence, one of the toughest to date for white collar crime. The London case is being heard by Lord Chief Justice John Thomas – the head […]

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Wall St. opens higher ahead of busy week of data

Wall St. opens higher ahead of busy week of data

REUTERS: U.S. stocks opened slightly higher on Monday as investors go into a busy week of heavy economic data culminating in the November jobs report. The Dow Jones industrial average rose 21.68 points, or 0.12 percent, to 17,820.17, the S&P 500 gained 2.91 points, or 0.14 percent, to 2,093.02 and the Nasdaq composite added 12.20 […]

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Nikkei seeks global digital powerhouse with US$1.3 billion FT purchase

Nikkei seeks global digital powerhouse with US$1.3 billion FT purchase

LONDON: Nikkei Inc. will use its US$1.3 billion purchase of the Financial Times to build a global digital powerhouse by using data to win new clients and by harnessing the British newspaper’s skill at getting subscribers to pay for content, its chairman said. As the biggest international acquisition by a Japanese media organization to date […]

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Wall St. set to end month on positive note

Wall St. set to end month on positive note

REUTERS: Wall Street looked set to open slightly higher and was poised to end the month on a positive note as investors brace for a week of heavy economic data culminating in the November jobs report. Investors are awaiting Friday’s non-farm payrolls report ahead of a mid-December meeting of the Federal Reserve. While the U.S. […]

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Ford says to incur US$600 million expense in 2015 from US union pact

Ford says to incur US$600 million expense in 2015 from US union pact

DETROIT: Ford Motor Co said on Monday it will incur a US$600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company’s previously stated expectations for 2015, according to a statement issued by Ford. Most of the US$600 […]

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India's economy grows by 7.4 per cent in second quarter

India's economy grows by 7.4 per cent in second quarter

MUMBAI: India’s economy grew by 7.4 per cent year-on-year in the last quarter, official figures showed on Monday (Nov 30), outperforming China and giving Prime Minister Narendra Modi a boost following a recent election drubbing. Growth in the three months to the end of September quickened to 7.4 from 7.0 per cent in the previous […]

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Aeroflot returns to profit against economy headwinds

Aeroflot returns to profit against economy headwinds

MOSCOW: Russia’s flagship airline Aeroflot on Monday (Nov 30) announced it had returned to profit in the third quarter, shrugging off the impact of the country’s economic crisis with a boost in sales and market share. The state-owned airline, which is a member of the SkyTeam alliance along with Air France-KLM, reported net profits of […]

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Futures little changed ahead of busy week of data

Futures little changed ahead of busy week of data

REUTERS: U.S. stock index futures were little changed on Monday ahead of a week of heavy economic data culminating in the November jobs report and an anticipated meeting by the European Central Bank. * Investors are preparing for a Dec. 4 non-farm payrolls report ahead of a widely expected decision by the U.S. Federal Reserve […]

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