Above Photo: ExxonMobil Refinery, Baytown TX. (Roy Luck). The oil giant’s massive plan to drill in Guyana’s waters comes as the UN Secretary General warns of fossil fuels as a “blight on investment portfolios.” “Investing in new fossil fuel infrastructure is moral and economic madness,” UN Secretary-General António Guterres said as the Intergovernmental Panel on Climate Change (IPCC) released part of its latest report on Monday. This scientific summary, focused on how the world can cut greenhouse gas emissions, warns of the extraordinary harm to all of humanity caused by fossil fuels and the need for a rapid energy transition away […]
investment
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Pakistani Federal Minister for Information Shibli Faraz says his country would welcome investment by American companies. He also expressed desire for US companies to bring in advanced technology. During a meeting with US charge d’affaires Angela Aggeler, the minister said that Islamabad highly values its relations with Washington and is ready to further strengthen cooperation. Aggeler agreed with the minister’s views on promoting the two countries’ economic cooperation. While discussing new forms of cooperation during the coronavirus pandemic, Faraz said that the digital outreach has greatly helped business activities and transactions to go online. “It has been a great learning experience […]
Square’s recently announced $50 million investment in bitcoin (BTC) is a “strong vote of confidence for the future of bitcoin” and a signal the payments company sees “a lot of potential” for the cryptocurrency as an asset, JPMorgan analysts said in a report dated Tuesday. Source link
Jack Dorsey’s payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy’s $425 million all-in bet. Source link
A trade deal between India and the United States has been pending since last November. While the US wants more access to India’s dairy and meat market, India wants restoration of the Generalised System of Preferences (GSP) which the Trump administration withdrew last June. Inviting American businesses to invest in India, Federal Commerce and Railway Minister Piyush Goyal has said a target of $500 billion for US-India bilateral trade in five years is “eminently doable”. “The bilateral trade between US & India grew from $126 billion in 2017 to $145 billion in 2019. The target we have set of $500 billion […]
A Western weapons-industry funded think tank claims Russia’s military capability is at its strongest since the Cold War period, and its forces are better equipped and more professional after ten years of investment and reform. The International Institute for Strategic Studies (IISS), says Russia’s modernization and recent combat experience means it now has a highly capable army. It is worth noting that the organisation is funded by the likes of Lockheed Martin, BAE Systems, Raytheon and Boeing: All of whom have a vested business interest in promoting the idea of threats to Western military hegemony. “Today, Russia fields capable conventional armed forces, […]
One of the oldest venture firms in crypto has joined the Libra Association and will provide expertise and guidance on the launch of its payment system. Source link
New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows. Source link
Investment management firm Wave Financial said Friday it has received its first round of investment from clients, and has purchased a 1,000 barrels of Kentucky whiskey it plans to tokenize for prospective investors. According to a press statement emailed to CoinDesk, Wave Financial purchased the whiskey from the Wilderness Trail Distillery of Danville, Ky., and plans to tokenize the holding in a year or two. Gold, cryptocurrency and real assets such as spirits have become favored alternative investments, according to the company. By tokenizing barrels of whiskey, in this case, investors gain exposure to, and benefit from, price appreciation of that […]
While announcing a $266 billion COVID relief package in May, India’s Prime Minister Narendra Modi made a call for a self-reliant economy that envisages import substitution and an export push through local manufacturing. In a move that will help India gain an advantage amid companies shifting their manufacturing base out of China in the wake of the COVID-19 pandemic, Japan has included India and Bangladesh in a list of relocation destinations. Japan provides a subsidy to its manufacturers who shift their base out of China to the Association of Southeast Asian Nations (ASEAN). Welcoming Japan’s decision to add India to the subsidy destination […]
Aggressive US policies targeting Huawei have forced the Chinese tech giant to redirect investment to Russia and expand operations in the country, Huawei founder Ren Zhengfei has revealed. “After the United States included us in the Entity List, we transferred our investment in the United States to Russia, increased Russian investment, expanded the Russian scientist team, and increased the salary of Russian scientists,” Ren said as cited by Shanghai Jiao Tong University, one of the four top Chinese universities he visited. While the visit came in late July, the university did not publish a transcript of his speech until this weekend. […]
The Russian market offers a lot of investment opportunities in this time of global economic uncertainty, says legendary investor Jim Rogers. He called for a closer look at Russia’s domestic tourism and the economy of the Far East. The founder of the Quantum Fund, which had a 4,200 percent return in the first 10 years since its establishment, Rogers talked to RBC daily about where to invest. Many areas of the global economy have been seriously affected during the coronavirus pandemic, especially transport companies and the tourism sector, Rogers said. He has invested in airlines’ shares and a number of other […]
New Delhi (Sputnik): In April this year, Facebook picked up a 9.9 percent stake in the telecom arm of India’s Reliance Industries Ltd – Jio Platforms for $5.7 billion. Google has also announced plans to invest $4.4 billion for a 7.7 percent stake in Jio. Saudi Arabian multinational petroleum and natural gas company Saudi Aramco has said it is still working on a deal to buy a stake worth $15 billion in the refining and chemicals business of India’s Reliance Industries Ltd (RIL). “We are still in discussion with Reliance. The work is still on. We will update our shareholders […]
B21, a recently launched mobile app aimed at first-time cryptocurrency investors, has expanded its service to the India market. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
https://cdn1.img.sputniknews.com/img/104948/76/1049487688_0:74:3960:2302_1200x675_80_0_0_d7762030f841683f8a7e08c102802187.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202007031079782447-indian-telco-jio-which-just-launched-alternative-app-to-zoom-secures-2535-mln-in-investment/ New Delhi (Sputnik): It’s raining dollars for Indian telecom giant Reliance Jio after 11 foreign companies, including Facebook, invested over $15 billion in just a month. Jio, headed by Asia’s richest man Mukesh Ambani, has sold a 25 percent stake to its investors in lieu of hefty capitals. American chipmaker Intel revealed on Friday that it is investing $253.5 million in Jio Platforms as the 12th foreign company to purchase stakes in Mukesh Ambani’s telecom venture. The chipmaker’s investment arm called Intel Capital will be acquiring a 0.39 percent stake in Jio Platforms. “Jio Platforms’ focus […]
The interest by foreign investors in trading in yuan-based oil futures has grown significantly. According to the Shanghai Energy Exchange, this year, foreigners accounted for 16 percent of the daily turnover of trading in yuan futures. Over the year, the volume of transactions with foreigners has almost doubled. China launched trading in yuan oil futures in 2018. Initially, the volume of transactions was small, and the Chinese benchmark contract served only the domestic market. Global traders are used to Brent and WTI dollar-denominated benchmark contracts, and, at first, yuan futures may have appeared to be an unusual derivative, if only because […]
Norwegian cryptocurrency investment fund Arcane Crypto is planning to list on Nasdaq Nordic’s alternative stock exchange through a reverse takeover. EDIT (July 2, 13:40 UTC): A previous version of this article stated Arcane had signed an LOI with Tongdow E-Commerce, this has now been corrected. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Correction (July 2, 03:00 UTC): An earlier version of this article misstated the timing of the Compound portfolio launch. Techemy plans to roll it out next week, and the yield farming feature is to come later in the year; neither is available yet. The article has also been updated to include additional details. New Zealand-based investment firm Techemy Capital is preparing to launch a Compound investment portfolio, which would be comprised of proxies of stablecoins dai and USDC. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict […]
China and the European Union recorded some €560 billion in trade in 2019, with the EU posting a trade deficit of €164 billion. The two sides have been working on a ‘Comprehensive Agreement on Investment’, aimed at creating ‘new investment opportunities for European companies’ in China, for over half a decade now. Talks on the new EU-China investment agreement “have entered a critical stage” owing to Chinese intransigence, and Brussels is preparing to introduce restrictions against Chinese investment capital into Europe unless Beijing agrees to the European bloc’s demands on market access, European Commission executive vice president for economic policy Valdis […]
New Delhi (Sputnik): Twenty Indian army personnel were killed in the violent clashes that broke out in the Galwan Valley of Ladakh on 15 June. Since then India’s Ministry of Railways and Telecom ministry has terminated contracts with Chinese firms. Amid border tensions with China, India has frozen three investment projects worth $667 million made by Chinese companies in the Indian state of Maharashtra. The projects have been put on hold at the behest of the Indian Ministry of External Affairs. The projects include a major automobile plant deal and an electro-mobility project. “The decision has been taken in consultation with […]
Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum offering price of $25, or 80,000 shares. “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin,” the filing said. The trust may be looking to […]
Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum offering price of $25, or 80,000 shares. “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin,” the filing said. The trust may be looking to […]
World 16:56 GMT 19.05.2020(updated 16:58 GMT 19.05.2020) Get short URL https://cdn1.img.sputniknews.com/img/107935/53/1079355329_0:10:3072:1738_1200x675_80_0_0_f1de4ff592dfd5bafbdaa018731fce9d.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202005191079355979-russian-direct-investment-fund-says-it-paid-in-full-for-covid-19-aid-sent-to-us/ MOSCOW (Sputnik) – The Russian Direct Investment Fund (RDIF) said on Tuesday it had fully paid for the cargo of medical equipment delivered in April to the United States amid the coronavirus outbreak, and the US side would fully pay for its reciprocal aid to Russia. “The RDIF has facilitated the exchange of humanitarian aid between Russia and the United States to combat coronavirus. In accordance with the final agreement, the Fund fully financed the delivery of Russian cargo to the United States, and […]
With the right management strategy, bitcoin almost always boosts the value of a mixed portfolio, according to Bitwise research – even if bought at the all-time high. Based on a test portfolio using historical data, the San Francisco-based asset manager found investors who allocated a small percentage of bitcoin to a portfolio made up of stocks and bonds would have made a notable increase to cumulative returns, even in the past three years. Bitwise said in its Wednesday report – co-written by its head of research, Matt Hougan – that a 2.5% allocation of bitcoin in January 2014, rebalanced on a quarterly basis, would […]