Payments Group Nexi Extends $8 Billion Nets Merger Talks {Payments Group Nexi Extends $8 Billion Nets Merger Talks} – English

Payments Group Nexi Extends $8 Billion Nets Merger Talks {Payments Group Nexi Extends $8 Billion Nets Merger Talks} – English

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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.

 

Read the full story on Reuters here.

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Development Banks Make Landmark Climate Pledge, But No Fossil Fuel Phase Out {Development Banks Make Landmark Climate Pledge, But No Fossil Fuel Phase Out} – English

Development Banks Make Landmark Climate Pledge, But No Fossil Fuel Phase Out {Development Banks Make Landmark Climate Pledge, But No Fossil Fuel Phase Out} – English

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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.

Read the full story on Reuters here.

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Rising Mortgage Rates Are Squeezing Home Buyers In The U.K. {Rising Mortgage Rates Are Squeezing Home Buyers In The U.K.} – English

Rising Mortgage Rates Are Squeezing Home Buyers In The U.K. {Rising Mortgage Rates Are Squeezing Home Buyers In The U.K.} – English

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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.

Read the full story on Bloomberg here.

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Capitol Music Group CEO Steve Barnett Steps Down {Capitol Music Group CEO Steve Barnett Steps Down} – English

Capitol Music Group CEO Steve Barnett Steps Down {Capitol Music Group CEO Steve Barnett Steps Down} – English

The post Capitol Music Group CEO Steve Barnett Steps Down appeared first on Wealth-X.


 

In conjunction, the Capitol Music Group announced that current Capitol Records President Jeff Vaughn and CMG COO Michelle Jubelirer will be promoted to oversee the company.

 

Read the full story on the Los Angeles Times here.

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Tesla And French Energy Group To Build New Australia Mega Battery {Tesla And French Energy Group To Build New Australia Mega Battery} – English

Tesla And French Energy Group To Build New Australia Mega Battery {Tesla And French Energy Group To Build New Australia Mega Battery} – English

The post Tesla And French Energy Group To Build New Australia Mega Battery appeared first on Wealth-X.


 

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.

 

Read the full story on the Financial Times here.

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Bentley To Retire Roaring 12-Cylinder Engines, Go Electric {Bentley To Retire Roaring 12-Cylinder Engines, Go Electric} – English

Bentley To Retire Roaring 12-Cylinder Engines, Go Electric {Bentley To Retire Roaring 12-Cylinder Engines, Go Electric} – English

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Bentley will offer only hybrid and electric cars by 2026, and switch its entire lineup to fully-electric vehicles four years later, the Crewe, England-based manufacturer said Thursday in a statement.

 

Read the full story on Bloomberg here.

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European Regulator Says Boeing 737 Max Is Safe To Fly Again {European Regulator Says Boeing 737 Max Is Safe To Fly Again} – English

European Regulator Says Boeing 737 Max Is Safe To Fly Again {European Regulator Says Boeing 737 Max Is Safe To Fly Again} – English

The post European Regulator Says Boeing 737 Max Is Safe To Fly Again appeared first on Wealth-X.


 

Since grounding the plane, Boeing has been working on a complete redesign of the plane’s flight software.

 

Read the full story on the Business Insider here.

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Global Asset Manager AUM Tops $100 Trillion For The First Time {Global Asset Manager AUM Tops $100 Trillion For The First Time} – English

Global Asset Manager AUM Tops $100 Trillion For The First Time {Global Asset Manager AUM Tops $100 Trillion For The First Time} – English

The post Global Asset Manager AUM Tops $100 Trillion For The First Time appeared first on Wealth-X.


 

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.

 

Read the full story on the Markets Insider here.

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Foreign Investors Pour $538 Million Into Indian Bonds In September {Foreign Investors Pour $538 Million Into Indian Bonds In September} – English

Foreign Investors Pour $538 Million Into Indian Bonds In September {Foreign Investors Pour $538 Million Into Indian Bonds In September} – English

The post Foreign Investors Pour $538 Million Into Indian Bonds In September appeared first on Wealth-X.


 

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.

 

Read the full story on Business Standard here.

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Fuhrman Family Office, Liontree Invest In Art Market Newsletter {Fuhrman Family Office, Liontree Invest In Art Market Newsletter} – English

Fuhrman Family Office, Liontree Invest In Art Market Newsletter {Fuhrman Family Office, Liontree Invest In Art Market Newsletter} – English

The post Fuhrman Family Office, Liontree Invest In Art Market Newsletter appeared first on Wealth-X.


 

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.

 

Read the full story on Bloomberg here.

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