New Zealand's government faces potential backlash for reversing a ban on offshore fossil fuel exploration, as civil servants warn it could harm the country's climate reputation and anger Pacific nations. The move risks legal challenges related to international climate obligations and could contradict commitments made at COP28. Critics, including Pacific leaders, emphasize the importance of maintaining a strong stance against fossil fuels to ensure regional safety and security amid climate threats.
Hedge fund activity in biopharma and life sciences slowed in Q3, yet firms are on track for a busy year. RA Capital led with nine new investments, despite a drop from previous quarters, while Perceptive Advisors and RTW Investments also reduced their activity. Cormorant Asset Management increased its investments, highlighting a mixed landscape in the sector.
VP Bank shares experienced a slight decline of 0.33% to EUR 76.25 on October 3, 2024, despite a stable dividend policy, with a planned payout of EUR 5.00 per share, yielding 6.56%. The current P/E ratio of 10.37 suggests undervaluation compared to the forecasted 17.75 for 2024, while the stock remains 43.28% above its 52-week low, indicating potential recovery. A recent analysis urges shareholders to consider their next steps regarding buying or selling.
Columbia University’s endowment achieved an 11.5% return for the fiscal year ending June 30, growing its value to $14.8 billion, driven by strong public markets and positive private asset performance. While private assets lagged, the endowment's domestic equity exposure was notably high, contributing to its success compared to peers. Columbia outperformed Dartmouth and several other universities but fell short of the University of Minnesota Foundation's 13.4% return.
Indigenous communities in Guyana face significant threats as their lands are exploited for carbon credits and natural resources without their consent. Despite the Architecture for REDD+ Transactions (ART) certifying the carbon credit scheme, local leaders argue it undermines their rights and traditional governance, leaving them in the dark about agreements affecting their territories. The lack of transparency and respect for Indigenous rights jeopardizes both the forests and the communities that have protected them for generations.
Missourians face significant challenges in accessing affordable healthcare, with one in five lacking insurance at some point last year. Rising medical costs lead to financial strain, affecting housing and loan applications, particularly among women, LGBTQ+ individuals, and rural residents. The Missouri Foundation for Health aims to address these issues through evidence-based policies and community engagement.
Manuel Rybach will assume the role of managing director at the Association of Swiss Asset and Wealth Management Banks (VAV) starting January 1. He will maintain his position as chief corporate affairs officer at EFG International, overseeing public policy and corporate sustainability. Rybach has extensive experience from his tenure at Credit Suisse, where he served as global head of public policy and regulatory affairs.
The EUR/GBP exchange rate rebounded sharply after dovish comments from the Bank of England governor, Andrew Bailey, suggesting potential interest rate cuts if inflation continues to improve. This shift in sentiment has led to a technical bullish pattern, indicating a possible short-term recovery for EUR/GBP, with key levels to watch at 0.84 and 0.85. Traders are advised to consider buying above 0.8350, targeting 0.8450 and 0.85, with a stop at 0.83.
IG
VP Bank in Liechtenstein faces enforcement proceedings from FINMA for serious regulatory violations, leading to CEO Paul Arni's immediate resignation, which he denies is related. The bank, which has cooperated with the regulator, plans to appeal the ruling, citing a settled client relationship from 2020. Amidst these challenges, VP Bank is undergoing a cost-cutting program and has seen changes in its Board of Directors.
The SMI closed lower, with Sika experiencing a significant decline and oil prices rising. VAT shares, after a strong performance last year, have struggled due to disappointing half-year results and economic concerns, returning to early-year levels. Experts suggest that a recovery in the semiconductor market is still distant, with potential opportunities in AI, but no immediate upward movement is anticipated.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings