Latest news with #equity
Bloomberg
12 hours ago
- Business
- Bloomberg
Hang Seng Index Heads for Highest Close Since Feb 2022
Hong Kong's equity benchmark is heading for its highest close since February 2022, reflecting a rebound in risk appetite on signs of easing US-China trade tensions. The Hang Seng Index advanced as much as 1.1% on Wednesday, extending gains for a fifth day. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were among the top performers on the gauge. Another closely watched gauge, Hang Seng China Enterprises Index, also jumped as much as 1.3%.
Yahoo
12 hours ago
- Business
- Yahoo
Equity Markets Rise Intraday as Investors Track Tariff Updates
US benchmark equity indexes were higher after midday Monday as markets tracked updates on trade deve Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Business
- Yahoo
Stocks Mostly Up Pre-Bell as Investors Await Key Inflation Report, Big Bank Earnings
US equity futures were mostly pointing higher on Tuesday as traders await a key inflation report and Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
19 hours ago
- Politics
- Khaleej Times
How India is championing climate justice for the Global South
At the COP28 summit in Dubai in December 2023, while global leaders debated the language of a historic deal on transitioning away from fossil fuels, India's delegation made one thing clear: the developing world cannot be asked to pay for a crisis it did not create. Standing before a packed hall of negotiators, India reiterated a demand that resonated across the Global South: equity must be at the heart of climate action. Making it clear that there cannot be a one-size-fits-all solution, India did not mince words in saying that developed nations must take the lead in reducing emissions, while supporting the growth aspirations of the developing world. That moment in Dubai was not just a diplomatic statement; it was a declaration of India's role as the voice of emerging economies in the climate crisis. Today, India is fast becoming the champion of climate justice, pushing for a global approach that balances urgent environmental action with the right to equitable, sustainable development. India's stance on climate is rooted in a simple but profound truth: developing nations need room to grow. With 1.4 billion people, India is home to nearly 18% of the world's population, but it accounts for only 4% of cumulative historic carbon emissions. In contrast, the United States and Europe together are responsible for nearly 47% of the carbon that has heated the planet since the Industrial Revolution. That said, India is among the countries suffering most from climate impacts - extreme heatwaves, erratic monsoons, rising sea levels, and devastating floods. For policymakers in New Delhi, the climate fight is not just about saving the planet, it's about survival and fairness. It has been made clear at several fora that India's climate strategy is not just about reducing emissions but about ensuring climate justice. 'For India, climate justice is no alternative; it is a moral duty,' Modi said at the recent BRICS meeting, adding: 'Where some people measure it in numbers, India lives it in values.' India's credibility as a climate leader comes not just from moral arguments but from measurable action. Under the Paris Agreement (2015), India committed to cutting its emissions intensity by 45% from 2005 levels by 2030, a bold pledge for a developing economy. It also set a target for 50% of its installed electricity capacity to come from non-fossil fuel sources by 2030. Remarkably, India is well on track. According to the Economic Survey for 2024–25, as of December 2024, renewable energy accounts for approximately 47% of India's total installed power capacity - well ahead of schedule. One of India's most visionary contributions is the International Solar Alliance (ISA), launched by Prime Minister Modi and France during the Paris Climate Conference. The ISA, now with over 120 member countries, aims to harness solar energy to provide clean power to developing nations, many of which still lack reliable electricity. 'Through solar power, the developing world can leapfrog into a green future,' Modi said during the ISA's launch. India's leadership is shifting the global climate conversation too. For long, climate action has been framed as a trade-off between growth and sustainability. India is proving that it can be a growth engine while still going green even as it insists that the transition must be fair, inclusive, and just. Clearly, India is no longer just a participant in the climate conversation. It is a leader, a negotiator, and a champion of climate justice for the developing world. And for the Global South, that's a source of hope. The author is a writer at Milaybami.
Sky News
21 hours ago
- Business
- Sky News
Registrar Computershare among suitors for former fintech star PrimaryBid
The Australian-listed share registrar Computershare is among a pack of suitors circling PrimaryBid, one of the most prominent British fintech businesses to be established during the last decade. Sky News has learnt that Computershare has expressed an interest in acquiring PrimaryBid, which was put up for sale earlier this year. PrimaryBid, which counts London Stock Exchange Group and the SoftBank Vision Fund among its investors, has drawn interest from a large number of parties, including investment banks and market infrastructure providers, according to insiders. The company was founded with a simple vision to help ordinary investors gatecrash the closed City ranks of corporate fundraisings and flotations by aggregating demand from retail shareholders into a single, enlarged order. That mission to democratise access to public markets won support from politicians and market participants. It made significant progress towards this goal during the pandemic, notably securing a slice of a £2bn share sale announced by Compass Group, the FTSE 100 contract caterer. Since then, it has worked on hundreds of deals and helped raise roughly $2bn in equity for listed companies. However, it has been hit by a severe slowdown in equity capital markets activity, prompting it to launch a strategic review and hire US-based market infrastructure specialist Rosenblatt Securities to evaluate its strategic options. PrimaryBid has been facing into the weakest IPO market in years, which it has been attempting to mitigate by striking partnerships with the likes of US fintech group SoFi, as well as European groups. It has now reshaped its UK operations and stepped back from regulated activities, having for several months explored a deal with LSEG, one of its largest shareholders, to license its retail capital-raising technology. For some time, the company was chaired by Sir Donald Brydon, the veteran businessman who also used to chair the stock exchange's parent company. Earlier this year, LSEG wrote down the value of its 7.2% stake in PrimaryBid by 87%, implying that the business now had a valuation of just £56m. Computershare's interest in a deal is said to be exploratory, with many other prospective bidders at a similar stage.
