Tag: tech

HSBC scraps 2030 net-zero target, citing slow real economy shift. The bank now aims for a 40% emissions reduction by 2030 and net-zero by mid-century. The move comes amidst concerns that the banking sector is backtracking on climate commitments.

Published on: February 19, 2025, 10:00 AM UTC

Billionaire investor Bill Ackman's Pershing Square makes revised bid to buy 48% of Howard Hughes Holdings (HHH) for $900 million.

Published on: February 19, 2025, 09:01 AM UTC

Chinese investment into North America saw a sharp decline in late 2024 due to US hurdles, with new investments dropping 90% to $191 million. The US has become more hostile for Chinese companies, leading to a focus on basic materials, metals, and minerals projects, as well as renewable energy investments. Despite a 10% overall decline in new investments, completed projects reached a high of $58 billion, driven by increased spending in the energy sector.

Published on: February 19, 2025, 06:00 AM UTC

Chinese investment in North America fell in late 2024 due to US hurdles and a wait-and-see stance before the Trump election. Despite an overall 10% decline, investment in renewable energy and energy sectors surged. However, transaction-level data raises questions about the accuracy of official outbound investment figures, suggesting a potential mismatch between firm-level data and national statistics.

Published on: February 19, 2025, 05:00 AM UTC

CVR Energy Inc. (CVI) reported -$28 million in net income for its fourth quarter, with a loss per share of 13 cents. For the year, the company reported profit of $7 million, or 6 cents per share. Revenue for the year was $7.61 billion.

Published on: February 18, 2025, 11:05 PM UTC

Dairy giant Fonterra to explore sale or IPO of global consumer and integrated businesses, names key management team for potential IPO.

Published on: February 18, 2025, 11:00 PM UTC

Cadence Design Systems forecasts lower-than-expected revenue and profit due to weakened demand for chip design software amid economic slowdown.

Published on: February 18, 2025, 10:00 PM UTC

Gold prices surge in 2025, reaching record highs and sparking gains for gold stocks like Barrick Gold and SPDR Gold Shares ETF. Goldman Sachs raises its gold price target to $3,100, citing central bank demand and potential upside risks from tariffs.

Published on: February 18, 2025, 06:03 PM UTC

Top tech executives, including Meta's Zuckerberg, Amazon's Bezos, and Google's Pichai, were given prominent seating at President Trump's inauguration, signaling potential benefits for the tech sector during his second term. However, sectors like green energy and insurance face uncertainty due to proposed policies on deregulation and climate change.

Published on: February 18, 2025, 04:03 PM UTC

Norinchukin Bank CEO to Resign Amid Massive Losses from Foreign Bond Bets

Published on: February 18, 2025, 02:04 PM UTC