[ad_1] (Bloomberg) — Oracle Corp. said it owns 29% of startup Ampere Computing LLC and can exercise future investments options that would give it control of the chipmaker.Most Read from BloombergOracle said in addition to equity in the startup, it invested $600 million in the fiscal year ended May 31 in convertible debt issued by Ampere after $400 million in such debt in fiscal 2023. The debt matures in June 2026 and if exercised with options through January 2027 to acquire additional equity, Oracle would “obtain control of Ampere and consolidate its results with our results of operations.”The disclosure came…
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[ad_1] A survey, conducted by Ramboll and The Climate Group, has shown that nearly 50% of businesses are willing to pay more for low-carbon steel Ramboll and The Climate Group have published a report, titled The Steel and Concrete Transformation: 2024 market outlook on lower emission steel and concrete, showing that just under half of businesses surveyed would pay extra for low-carbon steel. The survey questioned 250 businesses from 42 countries and 21 industries. Willingness to decarbonise is growing The research shows a promising growth of willingness within businesses to decarbonise and purchase low-carbon steel. 45% of respondents to the survey…
[ad_1] (Bloomberg) — Micron Technology Inc., the largest US maker of computer memory chips, surged in late trading after giving surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence gear.Most Read from BloombergFiscal first-quarter revenue will be about $8.7 billion, the company said in a statement Wednesday. That compares with an average analyst estimate of $8.32 billion. Profit will be about $1.74 a share, minus certain items, versus a projection of $1.52.The rosy outlook is the latest sign that Micron is benefiting from a boom in AI spending. Orders for a type of product called high-bandwidth memory…
[ad_1] Image source: Getty Images Like so many investors, I dream of finding the next stock that could take off like the Rolls-Royce share price (LSE: RR). The FTSE 100-listed engineering giant’s shares have climbed a staggering 633% over two years and 140% over the last 12 months. They continue to climb – up 6.38% in the last week – but Rolls-Royce shares now look pricey trading at more than 38 times earnings. That’s double the index average of 15.7 times. This FTSE 100 stock has smashed the index CEO Tufan Erginbilgic is still hungry. He’s cutting jobs, streamlining operations…
[ad_1] SYDNEY–(BUSINESS WIRE)–KKR, a leading global investment firm, and the Skip Essential Infrastructure Fund, today announced the signing of definitive agreements under which a consortium of KKR (on behalf of funds managed by it) and the Skip Essential Infrastructure Fund (the ˜Consortium’) will acquire a 74.25% stake in Queensland Airports Limited (˜Queensland Airports’) from The Infrastructure Fund, managed by Macquarie Asset Management, State Super, and Australian Retirement Trust.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925741391/en/ Queensland Airports’ portfolio comprises Gold Coast, Townsville, Longreach and Mount Isa airports, and collectively services travellers across its 39 domestic routes and…
[ad_1] The successful completion of 12 high-voltage electric transmission projects in the US West could dramatically reduce the region’s carbon emissions. It can cut power-sector emissions by 73% from 2005 levels by 2030, according to a recent study by the Pacific Northwest National Laboratory (PNNL). The study underscores the critical role that renewable energy and transmission infrastructure will play in achieving national climate goals, specifically President Biden’s ambition to transition to a 100% carbon-free power system by 2035. A Holistic Approach to Decarbonization The 12 transmission projects could unlock over 72 GW of new solar, wind, and battery storage capacity.…
[ad_1] The successful completion of 12 high-voltage electric transmission projects in the US West could dramatically reduce the region’s carbon emissions. It can cut power-sector emissions by 73% from 2005 levels by 2030, according to a recent study by the Pacific Northwest National Laboratory (PNNL). The study underscores the critical role that renewable energy and transmission infrastructure will play in achieving national climate goals, specifically President Biden’s ambition to transition to a 100% carbon-free power system by 2035. A Holistic Approach to Decarbonization The 12 transmission projects could unlock over 72 GW of new solar, wind, and battery storage capacity.…
[ad_1] Two new anti-ESG bills would install corporate lobbyists within the SEC and hamper shareholders and local governments. [ad_2] Source link
[ad_1] Two new anti-ESG bills would install corporate lobbyists within the SEC and hamper shareholders and local governments. [ad_2] Source link
[ad_1] India’s economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. India is set to become the world’s third-largest economy by 2027, according to its finance ministry . The country’s stock market has also been in the spotlight this year, overtaking Hong Kong to become the fourth-largest globally in terms of the total value of listed companies. India’s benchmark indexes have notched successive record highs throughout the year — the Nifty 50 and BSE Sensex indexes are almost 20%…