[ad_1] Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.President Xi Jinping has told top Chinese entrepreneurs including Alibaba’s Jack Ma that the private sector has “great potential” and has pledged a series of measures to improve the country’s business environment.Ma’s attendance on Monday at Xi’s first high-profile meeting with private entrepreneurs in several years was a clear signal that China’s most famous entrepreneur had been rehabilitated after becoming the most prominent victim of a government crackdown on the tech sector in 2020. Analysts said the meeting also…
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[ad_1] Despite the recent mainstream media angst around the integrity of carbon offsets, the fundamental divers are only getting stronger, according to Carbon Market Institute chief executive John Connor. He tells The Fifth Estate it’s all part of a necessary evolution.When a big business like Telstra or Australia Post says it’s quitting a certification scheme like Climate Active, it’s tempting to believe it’s game over. However, while some participants are exiting due to concerns including cost, complexity and uncertainty around the credibility of Australian Carbon Credit Units (ACCUs), Carbon Market Institute chief executive John Connor says new participants continue to…
[ad_1] Image source: Getty Images BAE Systems‘ (LSE:BA.) shares are up 90% over five years. There was some pull back during the pandemic but then the stock surged as Russia invaded Ukraine and as the conflict erupted in the Middle East. As a result, £10,000 invested in February 2020 would now be worth £19,000, plus dividends, which would have equated to around £1,200 during the period. Clearly, that’s a pretty strong investment. What’s behind BAE’s resurgence? The stock’s resurgence reflects structural shifts in global defence priorities amid heightened and tragic geopolitical tensions. The company benefits from long-cycle contracts for advanced platforms like fighter…
[ad_1] Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022.Brendon Thorne | Bloomberg | Getty ImagesThe Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, finally joining ranks with other major global central banks, as softening inflation allows room for easing policy.The RBA cut rates by 25 basis points to 4.10%, marking its first easing since November 2020, when the central bank cut its key rate to a record low, as it battled a slowing economy during the pandemic.”While today’s policy decision recognises…
[ad_1] Adapted by Lisa M. Laird, CFA, from “Communicating Clearly about Investment Objectives and Risks” by Karyn Williams, PhD, and Harvey D. Shapiro, originally published in the July/August 2021 issue of Investments & Wealth Monitor.1 Effective investment management requires clear communications. Everyone involved must understand the returns they are seeking and the risks they are shouldering. But the amorphous quality of some crucial investment concepts, particularly investment risk, often makes these communications hard to achieve. In this first installment of our three-part series, we discuss the need for clear communications at the initial stage of the investment process and how…
[ad_1] (Bloomberg) — China’s government bond yields advanced as tight cash conditions in the local market and a rally in stocks sapped the demand for debt. Most Read from Bloomberg The yield on China’s benchmark 10-year bond rose four basis points to 1.73% on Tuesday, the highest since December. One-year yield rose six basis points to 1.48%, the highest since August. Sovereign yields in China had slumped to record lows due to the nation’s sluggish growth, dearth of local lucrative assets and concern over the impact of US levies on the economy. Now respite from tariff headlines, tight cash conditions…
[ad_1] When Beijing sidelined Jack Ma, China’s most prominent entrepreneur, by slamming the brakes on his business in 2020, it sent an unmistakable message that no company was above the Chinese Communist Party.On Monday, China’s top leader, Xi Jinping, tried out a different approach.Mr. Xi met with corporate chieftains, including Mr. Ma, who has largely kept out of the public eye for the past four years, in a show of support at an economically precarious time.The heads of the electronics companies Huawei and Xiaomi, the battery maker CATL and the electric vehicle giant BYD were among the business leaders who…
[ad_1] U.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter.Sopa Images | Lightrocket | Getty ImagesU.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter.The cuts included about 20 people in the FDA’s office of neurological and physical medicine devices, several of whom worked on Neuralink, according to the two sources, who asked not to be identified because of…
[ad_1] Image source: Getty Images Premium content from Motley Fool Share Advisor UK Our monthly Ice Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of income-focused Ice recommendations, to help Fools build out their portfolios. “Best Buys Now” Pick #1: National Grid (LSE: NG.) Data Centre electricity demand is forecast to double in four years, and electricity grids are one of the major bottlenecks of the energy transition. Meeting growing demand will require vast investments.. In December, National Grid submitted plans to invest up to £35bn in Britain’s…
[ad_1] (Bloomberg) — After years of venturing offshore, some of Australia’s biggest pension funds are scooping up more government bonds at home — assets they now deem among the safest as trade-war risks rattle markets. Most Read from Bloomberg Australian Retirement Trust, the nation’s second-largest fund by assets, has ratcheted up its Aussie bond allocation in some strategies to nearly the highest level since the global financial crisis almost two decades ago. Rival Colonial First State Investments Ltd. likes Australian fixed income including government bonds for their haven qualities. The idea of what constitutes a safe harbor from volatility has…