Malaysia will implement a carbon tax by 2026 on the iron, steel, and energy industries, announced Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim during the Budget 2025 speech on October 18. This initiative underscores the country’s commitment to its emission reduction goals. Platts, a subsidiary of S&P Global Commodity Insights, had previously reported that the timeline for introducing the carbon tax was expedited under pressure from emission-intensive and trade-exposed sectors, which fear significant compliance costs under the EU’s Carbon Border Adjustment Mechanism (CBAM) starting in 2026. EU Carbon Border Adjustment Mechanism CBAM will impose carbon taxes on commodities…
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Image source: Getty Images If I can buy a FTSE stock that can pay me generous income via dividends and has a share price that’s rallying higher, I get the best of both worlds. Combining income and growth is rare. Usually, high growth shares don’t pay out dividends. Alternatively, mature income stocks often don’t have great growth potential. But here’s one idea that seems to have broken the norm. The income story I’m referring to the Henderson Far East Income (LSE:HFEL) stock. The name gives away two important pieces of information. The first is that the investment manager is Janus…
Introduction The Shanghai Stock Exchange Composite Index (SSE) was booming in early 2015, and as it soared, legions of new investors rushed in to try their luck at securities speculation. Although stock bubbles were nothing new, this one had two peculiarities. First, under the regulatory framework, SSE stocks could not rise or fall more than 10% on any given day, which after several months of a bull market, made for some unusual-looking stock price charts. Second, many retail investors focused on buying “cheap” stocks, or those that traded below 20 renminbi (RMB). Like all bubbles, this one eventually deflated. The…
On Tuesday, Kotak Securities adjusted its price target for Oberoi Realty Ltd (OBER:IN) shares, increasing it to INR1,825.00 from the previous INR1,550.00, while continuing to recommend a Reduce rating on the stock. The adjustment follows Oberoi Realty’s reported growth in its second quarter fiscal year 2025 pre-sales, which reached Rs14.4 billion, marking a 49% increase year-over-year and a 35% rise quarter-over-quarter. This performance was particularly driven by strong sales at the 360 West and Goregaon projects. The company’s improved pre-sales were complemented by higher occupancy rates in its commercial properties, with Commerz reaching 84% and the newly opened Commerz III…
NexansNexans signs a strategic investment agreement in France to increase its copper production and recycling capacity across Europe PRESS RELEASE_Nexans is to invest over €90 million in the development of an innovative plant at its Lens site by 2026.Nexans’ strategic supplier for this investment is Continuus Properzi, a specialist in continuous casting, rolling and smelting technologies for copper and aluminum.With a production capacity increased by over 50%, the future Lens plant will be able to recycle up to 80,000 metric tons of copper per year.Nexans is reaffirming its capacity to plan for any shortages of copper, a metal essential to…
(Bloomberg) — Bonds are falling around the world as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere.Most Read from BloombergYields on Australian notes due in a decade jumped as much as 16 basis points, New Zealand’s 10-year yields climbed five basis points, while those in Japan climbed to a two-month high. That followed an 11-basis-point jump in similar-maturity US yields and a 10-basis-point surge in German ones Monday.At the heart of the global debt selloff is investor soul searching around Federal Reserve rate-cut expectations and whether once again they appear overdone. A…
Image source: Getty Images Warren Buffett says investors should look for businesses they’d be happy to own if the stock market closed for the next decade. Those aren’t always easy to find though. A lot can happen in 10 years. But there are a couple of candidates from the FTSE 100 and the FTSE 250 that I’d like to own in my portfolio, even if I couldn’t sell them any time soon. Is the stock market going to close? It’s highly unlikely that the stock market is going to close for the next decade. But thinking about which shares I’d…
Aaron P | Bauer-Griffin | GC Images | Getty ImagesHSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a major overhaul comprising a new geographic setup and four consolidated business units.Kaur is set to assume her post on Jan. 1, according to regulatory filings with the Hong Kong bourse, taking over from interim Chief Financial Officer Jon Bingham.This is the second heavyweight leadership shakeup for HSBC in recent months, after former finance boss Georges Elhedery was named CEO of the group back in July.In a fresh overhaul, the bank plans to divide its operations between an “Eastern markets” branch, reuniting…
Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty ImagesMeasures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed.Under this set of rules, the Treasury Department will require notification of outbound investments into China in sensitive technologies including artificial intelligence, semiconductors, microelectronics and quantum computing that can be employed for developing military capabilities.The final rules will likely be released within the “next week or so,” according to Reuters.The proposals are part of…
By Iain Withers and Sinead Cruise LONDON (Reuters) – Britain’s commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices. Some big-ticket office properties now on sale will show just where the market is likely to bottom out and how briskly UK deal volumes will recover – especially in the hard-hit office market. How that plays out could in turn signal what awaits other countries still gripped by a deeper downturn. Real estate investor Nuveen has put a 21-storey City of London tower it completed in 2019, informally known as the “Can of…