Active Super professed that it does not invest in organisations that notably threaten the environment. Based on the ASIC’s press release, Active Super had investments in gambling, oil tar sands, and coal mining companies at the time it made such marketing statements. The firms included SkyCity Entertainment Group Ltd (SKC.AX) and Pointsbet Holdings Ltd, ConocoPhillips…
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The share price issues came after new allegations that STAN carried out transactions that violated international sanctions. This twist in the case came to light when new court documents were filed in the US alleging the bank allowed transactions worth billions of dollars for known terrorist groups such as al-Qaida and the Taliban, as well…
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The Xeon 6 processor is reportedly faster and more power efficient than its forerunner, which enables it to effectively manage demanding data centres. To date, Intel has mostly hovered on the fringe of the global AI frenzy. This new chip is the firm’s attempt to compete with AI trailblazers such as Nvidia and AMD and…
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Monzo was launched in 2015 and has become the seventh-largest bank in the UK in recent years. With almost 10 million customers, Monzo has benefited from more customers depositing more funds with it, giving a pre-tax profit of £15.4m in the financial year ending in March, which was a huge improvement on last year’s pre-tax…
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This reportedly renewed the meme-stock fixation of 2021, which happens when a company’s shares peak in the wake of viral social media exposure. Gill’s post, which appeared on Sunday 2 June 2024, indicated that he had bought 5 million GameStop shares at $21.27 each. Should this be the case, Gill will be one of the…
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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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