This Swedish green fintech, established in 2018, measures the carbon impact of regular spending activities. Based on CNBC data, S&P Global Inc. (SPGI) joined as an investor. Doconomy is also pillared by existing stakeholders such as Motive Ventures, PostFinance, and Tenity. Its collaborations include Mastercard, S&P Global, and the United Nations Framework Convention on Climate…
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A fall of almost 18% was registered on Friday despite DELL reporting an increase in revenue for the first time in two years. Expectations were high thanks to the current AI boom, so while the $22.6bn profits were better than the $21.6bn predicted and a 6.3% rise from last year, it wasn’t enough to convince…
Read moreGlobal Finance indicated that China “reduced its holding by more than $100bn in the year through to March 2023”. Global Finance stated that Belgium, which is reportedly a “proxy custodian for China’s debt holdings”, sold over $20bn of US Treasuries during this period. Although many regard this as a directed effort on China’s part, other…
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Bresler replaces the segment’s interim CEO, Simon Camilleri. In Saxo’s press release, the firm emphasised that Bresler’s extensive experience in the financial sector earned him this top position. Previously, he was a core member of the company’s APAC leadership team and also acted as the sales trading deputy head in Singapore between 2016 and 2018.…
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The bank predicts a bullish medium-term greenback performance in tandem with high yields, a significant growth barrier and other relevant aspects. Investing.com indicated that this firm did, however, mention that “tactical concerns stem from nascent signs of fading US growth exceptionalism and saturated investor longs”. JPMorgan also stated: Inflation divergences will be key as central…
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The footwear and sportswear retail giant is working on a strategic plan called the Lace Up Plan that brings together different stands of its business, such as the digital side and the in-store experience, as well as its loyalty incentives and brand building. Mary Dillon, Foot Locker’s CEO, said that the firm’s Q1 results represented…
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The firm’s adjusted earnings per share of $0.82 and net revenue of $12.8bn were both higher than expected. This led to HPQ amending its predicted full-year adjusted earnings per share to a range that covers from $3.30 up to $3.60. These results haven’t affected the forecast for its free cash flow forecast, as the estimate…
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The updated estimation reportedly follows China’s efforts to brace its economy after the property market debacle. In its press statement, the IMF said: First, we project China’s economy to grow by 5 percent in 2024 and 4.5 percent in 2025. These reflect upward revisions of 0.4 percentage points for both the years compared to the…
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Spot gold reportedly edged closer to the $2,500 per ounce mark on Monday, 27 May 2024, when it traded at $2,449.89 at one stage. During trading on Tuesday, 28 May 2024, gold slipped slightly and opened the day at $2,338 per ounce. The precious metal is, however, sustaining its upward push despite a weaker dollar…
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This record-breaking move came following the chipmaker’s impressive Q1 results. Adjusted earnings shot up by 461% on a year-on-year basis and the company’s revenue climbed by 262%. A 10-for-1 share split was announced, while the NVDA cash dividend was also increased. CEO Jensen Huang confirmed that he expects the demand for generative AI training to…
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