TOKYO, Oct 23, 2024 – (JCN Newswire) – – Valuufy, a sustainability assessment startup, today announced the appointment of Dr Sachio Semmoto as Chairman of the Board. This strategic move comes at a critical juncture for the sustainability sector. It also emphasizes Valuufy’s commitment to transform how organizations measure and create sustainable value. “The sustainability sector is at a critical inflection point, facing challenges such as greenwashing and lack of standardized metrics, but also unprecedented opportunities,” said Dr Semmoto. “Valuufy’s approach to redefining sustainability measurement through the ValuuCompass has the potential to create significant positive change. I am committed to…
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By Brigid Riley TOKYO (Reuters) – The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed for three weeks as expectation for aggressive rate cuts from the Federal Reserve has faded after a slew of upbeat economic data. Markets now have a 91% chance priced in for a moderate quarter-basis-point cut in November, the CME…
Power density is essential for evaluating how efficiently a system works. It is a measurement of the power it can handle or produce compared to its size or volume. The infographic compares the power density of different energy sources—wood, oil, coal, and uranium—based on how much energy each can generate in megawatt hours (MWh). The comparison uses a baseline of 11 MWh, which is the average annual electricity consumption of an American household. As you can see, nuclear energy is by far more efficient. This is because just a small amount of uranium can generate as much power as large…
Peter Repetto, investment strategist at iCapital, spoke with Quartz for the latest installment of our “Smart Investing” video series.Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.ANDY MILLS (AM): GM earnings came out, they beat on the top and bottom line, they raised guidance. What does this say about the auto sector for investors?PETE REPETTO (PR): I think it’s great news for the auto sector, but I also think it really speaks to the economic activity we’ve been seeing lately where it does feel like this…
(Reuters) – Frontier Airlines is exploring a renewed bid for Spirit Airlines, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The two budget carriers have had recent discussions about a possible merger though the talks are at an early stage and a deal may not come to fruition, the WSJ report said. If a deal between Spirit and Frontier is reached, it would likely happen as part of Spirit restructuring its debt and other liabilities in bankruptcy, the report added. Spirit and Frontier did not immediately respond to Reuters’ requests for comment. Spirit Airlines came…
A look at the day ahead in European and global markets from Ankur Banerjee The rising odds of a Trump presidency in a still-too-tight-to-call U.S. election and shifting expectations of the Federal Reserve being less aggressive in its easing has left investors nervous, leading to safe assets dollar and gold soaring. The European markets on Wednesday will wake up to gold setting yet another record, Treasury yields at a three-month top and the greenback at its highest since Aug. 2, pushing yen to near 152 per dollar. Whisper it quietly but while intervention chatter is not fully back yet, verbal…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Tuesday said the federal government may prosecute Turkey’s Halkbank on charges it helped Iran evade American sanctions, rejecting the state-owned lender’s argument that it deserved immunity. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals found no basis under centuries-old common law principles for foreign state-owned companies to be absolutely immune from U.S. prosecution related to commercial, nongovernmental activities. Circuit Judge Joseph Bianco said the Manhattan-based appeals court should defer to the executive branch’s determination that the U.S. Department of Justice could prosecute Halkbank. “Although certain prior…
Liquefied natural gas (LNG) storage units.Dan Kitwood | Getty Images News | Getty ImagesThe biggest influx of liquified natural gas (LNG) supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets.”A wave of new LNG supply —the biggest yet— is set to reshape the global market in the coming years, with broader implications than prior growth given increasing inter-linkages between regional gas markets following the Russia-Ukraine conflict,” analysts from the investment bank wrote in a note. The supply injection is likely to thrust the market into an extended period of…
Investors are betting that flipping brown buildings into green properties has the potential to become a hugely profitable business. Source link
By Balazs Koranyi (Reuters) – European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with half a dozen sources indicate. The ECB has been cutting rates quickly this year but policymakers have so far said the goal is a neutral setting, where the central bank is neither slowing nor stimulating growth in the hopes this will keep inflation stable. While the sources, who spoke on condition of anonymity, stressed that any consensus was still long off, it marks a significant…