Radhika Gupta on investing: Edelweiss Mutual Fund MD and CEO Radhika Gupta has in a post on social media, stressed the need to evaluate passive and active funds individually, pointing out that good and bad options exist in each category. She also advocated to her followers to understand the index behind a fund before investing in it.In a post on X (formerly known as Twitter), Gupta expressed that she “will get trolled for saying this” but added that investors “need move beyond the buckets of active vs. passive and start understanding funds for what they are individually — good or…
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Since its foundation in 2017, Ledger Investing has been engaged in developing the casualty insurance-linked securities (ILS) market. Credit: Vitalii Vodolazskyi/Shutterstock. Ledger Investing, a marketplace to bridge the gap between insurance risk and capital, has raised funding and unveiled a casualty sidecar facility. Offering up to $100m in capital, this sidecar will fund the casualty reinsurance operations of a global reinsurer for three underwriting years on a quota share basis. Ledger Investing’s Cayman Islands-based subsidiary, Ledger Re SPC, acted as the retrocessionaire, providing institutional investors access to casualty ILS. Ledger Capital Markets was the sole structuring agent and bookrunner. …
Image source: Getty Images It’s common to see more volatility on the FTSE 250 than the FTSE 100. With smaller market-caps, moving the share price of stocks on the 250 takes less. But a 70% rise in less than 10 months is impressive, whichever way you look at it. Those kinds of gains usually put stocks in overbought territory. But even with the growth, this particular stock’s still down 40% in the past three years. Which makes me think there’s still some gas in the tank. Let’s take a look. Rare recovery Currys (LSE: CURY) was once one of the…
The Québec Mining Association, an association with 88 years of experience in Québec’s mining landscape, explores the future production of Québec rare earths and plans to promote sustainable mining practices. As the world takes stock of the required materials for reducing carbon production, critical materials become increasingly important. It is expected that by 2040, the world will need four times as many critical materials to sustain clean technologies. Rare earth elements (REE) are one group of these critical materials, and various countries are stepping up their production of these. The province of Québec is well-known for its quantity of rare…
By Liangping Gao, Ellen Zhang and Marius ZahariaBEIJING/HONG KONG (Reuters) – China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak consumer demand.The liquidity injections and the lower borrowing costs flagged by the People’s Bank of China on Tuesday have lifted market sentiment, but mainly because they raised expectations authorities will follow soon with a fiscal package to complement the monetary and financial measures.The world’s second-largest economy faces strong deflationary pressures and risks missing this year’s roughly 5% growth…
By Laila Bassam and James Mackenzie BEIRUT/JERUSALEM (Reuters) – Hezbollah’s flexible chain of command, together with its extensive tunnel network and a vast arsenal of missiles and weapons it has bolstered over the past year, is helping it weather unprecedented Israeli strikes, three sources familiar with the Lebanese militant group’s operations said. Israel’s assault on Hezbollah over the past week, including the targeting of senior commanders and the detonation of booby-trapped pagers and walkie-talkies, has left the powerful Lebanese Shiite militant group and political party reeling. On Friday, Israel killed the commander who founded and led the group’s elite Radwan…
Image source: Getty Images Last month, I sold most of my stake in Apple (NASDAQ:AAPL). I still have a smaller investment in the company outside my Stocks and Shares ISA, but most of it’s gone. Warren Buffett It might look like I’m just copying Warren Buffett, who has been reducing Berkshire Hathaway’s stake in Apple. And to be honest, if I didn’t know better, I’d probably accuse myself of doing that too. I’m not doing that though. For one thing, the reasons the Berkshire CEO gave at its annual shareholder meeting don’t apply to me. Buffett explained the decision to…
LONDON (Reuters) – WikiLeaks’ founder Julian Assange is set to make his first public appearance since being freed from a British jail when he gives evidence to the Council of Europe next month, his organisation said on Wednesday. Assange, 53, returned to Australia in June after a deal was struck for his release which saw him plead guilty to violating U.S. espionage law, ending a 14-year British legal odyssey. His wife Stella, who he married while in a top security London jail, said he would need some time to regain his health and sanity after his long incarceration, as well…
The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024.Bloomberg | Bloomberg | Getty ImagesBritish real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. “The board considered the increased proposal… and concluded that the increased proposal continues to be unattractive and materially undervalues the company and its future prospects,” Rightmove said in a statement.The most recent proposal from REA Group, which is 62% owned by Rupert Murdoch’s News Corp, consists of 341…
DALLAS, Sept. 24, 2024 /PRNewswire/ — New Frontier Markets (“NFM”), a climate technology firm dedicated to enhancing transparency and efficiency in the voluntary carbon offset market, today announced it has partnered with OPIS, a Dow Jones Company and a leading source for energy and commodity pricing information, to deliver transparent carbon market price indications directly to buyers and project developers on NFM’s marketplace. The partnership is focused on engineered carbon credits, such as carbon capture, utilization and sequestration (“CCUS”), direct air capture, methane abatement, among other measurable engineered projects. NFM recently launched its voluntary carbon marketplace, accessible at https://nfm.exchange/, to…