NEW YORK (Reuters) – The World Bank issued a $225 million, principal-protected nine-year bond linked to reforestation in the Amazon, the global lender said on Tuesday, calling it the biggest outcome bond it has ever priced. The 2033 bond offers investors a return linked to the creation of carbon removal units from reforestation initiatives in…
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week’s softer-than-expected employment report. The 30-year fixed-rate mortgage averaged 6.47% during the week ending Aug. 8, down from 6.73% in the…
By Hari Kishan BENGALURU (Reuters) – Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts. While most major central banks were successful last year in taming sky-rocketing…
By Iain Withers and Aby Jose Koilparambil LONDON (Reuters) – Aviva, Legal & General and M&G are ramping up investments in rental homes in Britain, betting on long-term returns in a market where housing demand far outstrips supply, even though the country’s new Labour government could impose tougher regulations. Institutional investment in Britain’s rented housing…
WASHINGTON (Reuters) – U.S. consumer sentiment deteriorated in June as households worried about inflation and incomes, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 65.6 this month, compared to a final reading of 69.1 in May. Economists polled by Reuters had forecast…
By Bansari Mayur Kamdar (Reuters) -Bankruptcy filings by U.S. companies this year are on track to hit their highest since the pandemic, amid high interest rates and sticky inflation, with WeWork being the latest to succumb after grappling with expensive leases and work-from-home trends. There were 34 corporate bankruptcy petitions in November, according to data…
(Reuters) -North American pilots and flight attendants are pushing for better pay and working conditions during their talks over new job contracts with company managements. Members at some unions have voted to authorize a strike if a new contract is not reached. The aggressive stance comes as the U.S. airline industry struggles to boost staff…
The mining industry in 2024 stands at a crossroads marked by a dynamic interplay of reduced capital expenditures, evolving market demands, heightened environmental, social, and governance (ESG) scrutiny, and strategic shifts by leading companies. This comprehensive analysis, which incorporates insights from recent reports and the investment trends in top mining stocks, aims to provide a…
In a time where the biggest tech companies are constantly trying to outdo each other, Alphabet (that’s the company that owns Google) recently shared some news about how it’s doing money-wise. And it’s mostly good news! They made more money than people thought they would, with a total revenue of $76.69 billion in the last…
Australia’s mining queen, Gina Rinehart, renowned for her dominance in the iron ore industry, is making waves again. But this time, she’s shifted her gaze towards lithium. Holding an impressive near-17% in Liontown Resources Ltd., she’s adding unexpected twists in its A$6.6 billion takeover by the American colossus, Albemarle Corp. But what does Rinehart want?…
