Australian iron ore baron bets big on global green revolution
Australian iron ore magnate Andrew Forrest wants to turn his company, Fortescue Metals Group Ltd (FMG.AX), into the world’s biggest green energy group, but critics say his targets are a stretch even for a man who built the world’s fourth-largest iron ore producer from scratch in just over a decade.
Analysis: The 1970s all over again? Stagflation debate splits Wall St
Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when oil prices were soaring and inflation stood at more than double its current level.
Marketmind: Trillion-dollar Tesla
Apple, Amazon, Microsoft, Alphabet… and Tesla. We now have a trillion-dollar EV firm whose 10% surge on Monday lifted Wall Street to new record highs — electric vehicles going mainstream is perhaps encouraging news ahead of the COP26 environment summit.
EU countries splinter ahead of crisis talks on energy price spike
Divisions have deepened among European Union countries ahead of an emergency meeting of ministers on Tuesday on their response to a spike in energy prices, with some countries seeking a regulatory overhaul and others firmly opposed.
Asia stocks catch Wall St cheer but China caps gains
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
A deal for the Italian government to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI)collapsed on Sunday after the two sides failed to agree terms.
Analysis: Vaccinated Singapore shows zero-COVID countries cost of reopening
Few are left to inoculate in wealthy Singapore after a vigorous campaign achieved a level of coverage envied by many nations battling the coronavirus pandemic, but a record surge in deaths and infections gives warning of risks that may still lie ahead.
World Bank revises up 2021 GDP forecast for Western Balkans to 5.9%
The World Bank on Thursday revised up its forecast for the economic growth of six countries of the Western Balkans to 5.9% in 2021 after a 3.1% contraction in 2020 due to the COVID-19 pandemic, but cautioned that recovery remains fragile.
Analysis: China’s silence on yuan’s swift gains keeps markets buzzing
As China’s yuan climbs rapidly to its strongest levels in six years against the currencies of the country’s trading partners, a notable absence of concern and intervention by the authorities is unnerving investors.
EXCLUSIVE EQT seeks 4 bln euros for Polman-advised impact-driven fund
LONDON, Oct 20 (Reuters) – Swedish private equity firm EQT (EQTAB.ST) is looking to raise 4 billion euros ($4.6 billion) for a fund aiming to create a positive environmental and social impact at its portfolio companies through longer-term investments. The fund, EQT Future, will invest in “mature companies with market-shaping impact potential” through safeguarding the planet’s resources […]
