Nexi entered the exclusive discussions in early November over a potential $8 billion deal, which would follow an agreement struck with Milan-based SIA just a month ago for a multi-billion merger to create an Italian champion.
The world’s public development banks on Wednesday pledged to align their financial firepower with the Paris Agreement on climate change, but avoided a firm commitment to phase out fossil fuel financing.
As a source of funding for many large infrastructure projects, including in the energy sector, public development institutions are key to efforts to steer finance away from fossil fuels and into low-carbon projects.
Together, such institutions invest around $2.3 trillion each year – equivalent to 10% of all global investments from public and private sources.
British home buyers on a budget face a frustrating puzzle: The Bank of England has kept interest rates at a record low 0.1%, yet mortgage lenders have been driving their own rates up.
Demand for homes is high right now. That’s in part because the government temporarily scrapped a related levy — known as stamp duty — in July. Sales soon soared to their highest level in over a decade. Prices posted their biggest annual increase since 2015 in October.
The Victorian Big Battery based in Geelong, south-west of Melbourne, will have a capacity of 450 megawatt-hours and will play an important role in Australia’s transition from coal-fired electricity generation to renewables. The new facility will store roughly enough energy to power 500,000 homes for an hour. It will also be used to modernise and stabilise the energy grid in Victoria, where the government has set a policy objective of delivering half of the state’s energy requirement via renewables by 2030.
The research, conducted in conjunction with Pensions & Investments, a leading U.S. investment newspaper, confirms growing concentration among the top 20 managers whose market share increased during the period to 43% of total assets, up from 38% in 2000 and 29% in 1995. It also shows that, in the past decade, 232 asset manager names have dropped out of the ranking.
In September, foreign investors poured over $1 billion into Asian government and corporate bonds, more than doubling their investment in local currency debt from the previous month, attracted by higher yields and some signs of economic recovery. The inflows in September “could be a sign of foreign capital returning” to India, said Duncan Tan, a strategist at DBS Bank. He said India’s relatively high-yielding government debt had become attractive for foreigners with the Reserve Bank of India (RBI) reluctant to ease monetary policy further to avoid fuelling inflation.
Josh Baer, an art dealer and adviser who started the publication in 1994 by sending news out by fax, declined to discuss terms, but described the investment as “significant.” A mix of personnel and market items, the newsletter counts billionaire collectors and mega-dealers among subscribers.