The founder of an energy-saving Australian mining tech start-up has accused the industry of “posturing” over its green credentials — by talking about future plans rather than acting immediately to reduce its carbon footprint. “The industry has a credibility problem,” said Andrew Job, founder of Plotlogic, which is backed by former Google chief executive Eric … Read more
Fritz Jorgensen/iStock Editorial via Getty Images With Big Tech layoffs taking place, more Twitter drama and politicians going after TikTok, there was more than enough going on in the tech sector this week to keep investors’ heads on a non-stop swivel. Oh, and there were the mid-term elections that managed to grab some attention all … Read more
Markets were volatile again last week, rocked by the Fed’s latest rate hike and the intention to keep rates high as it battles to curb inflation. For investors, the immediate result means trying to cope with an uncertain economic climate and an unpredictable market. Anthony Saglimbene, chief market strategist of the trillion-dollar asset manager Ameriprise, … Read more
_ultraforma_ Citi is looking at a more growth-style stock selection as it screens in all sectors. “Our base case year end ‘22 price target of 4200 for the S&P 500 (SP500) (NYSEARCA:SPY) is predicated on both a scenario weighted probability approach and 18-19x a $226 full year ’22 top down earnings estimate,” strategist Scott Chronert … Read more
Prime Minister Narendra Modi on Friday met Turkish President Recep Tayyip Erdogan on the sidelines of the Shanghai Cooperation Organisation Summit in Samarkand during which they reviewed bilateral relations and discussed ways to deepen cooperation in diverse sectors. The two leaders are in the historic Uzbek city of Samarkand to attend the SCO summit. “PM … Read more
CNBC’s Jim Cramer gave investors advice on how to build a strong portfolio during the Federal Reserve’s struggle to reduce inflation. Source link
The UK government will hold urgent talks with meat and farming groups on Thursday after CF Industries, the US fertiliser group which is the UK’s biggest carbon dioxide producer, said it would close its Billingham plant in north-east England. CF Industries said it would temporarily halt ammonia production at Billingham as the price of natural … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content BEIJING — China’s economy unexpectedly slowed in July, with activity indicators from industrial output to retail sales missing forecasts by large margins, pointing to a shaky recovery as Beijing shows no sign of easing its zero-COVID policy. Industrial output grew 3.8% in July from … Read more
President Ranil Wickremesinghe has said that Sri Lanka’s economic woes would last for another year and it will have to think outside the box and look at new sectors like logistics and nuclear energy to revive the bankrupt economy. Speaking at a two-day conference titled “Let’s reset Sri Lanka” held on Friday, Wickremesinghe said that … Read more
Speaking at a two-day conference titled “Let’s reset Sri Lanka” held on August 5, Ranil Wickremesinghe said reforms in the country also would need higher taxation. Speaking at a two-day conference titled “Let’s reset Sri Lanka” held on August 5, Ranil Wickremesinghe said reforms in the country also would need higher taxation. President Ranil Wickremesinghe … Read more