Tag: Investment

Germany’s Inflation Hits 41-year High as Energy Prices Surge Nearly 40 Percent

April 12, 2022
Business & Economyeconomic policieseconomyenergyEuropeinflationInternationalInvestmentMarketsRussia-Ukraine WarUkraine warUSWorld
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Germany’s annual pace of inflation surged to its highest pace since 1981, largely on the back of a nearly 40-percent surge in energy prices. Data released by German statistics office Destatis on April 12 shows that, in March, consumer prices rose 7.3 percent year-over-year and 2.5 percent month-over-month. Noting a range of “current crises,” including…

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Foreign Investor Fined $250,000 for Illegal Property Purchases

April 11, 2022
AustraliaAustralian Taxation OfficeBusiness & EconomyForeign Acquisitions and Takeover ActForeign Investment Review BoardInvestmentWorld
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Australia’s Federal Court has fined a man living in Victoria for illegally purchasing and possessing multiple properties, the first penalty order issued since the enaction of the country’s foreign investor laws. The court ruled that Vijay Balasubramaniyan, a temporary resident, had to pay a total of $250,000 (US$186,000) in fines to the federal government, plus…

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Top Canadian Banks Have Increased Financing for Oil Sands Production

April 11, 2022
Business & EconomyCanadaCanadian banksCanadian oilcommoditiesCompanieseconomic policiesEnvironmentInvestmentMarketsSciencetar sandsWorld
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The five largest Canadian banks have doubled their funding for oil sands production and related projects in Canada to $16.8 billion last year, amid a global energy shortage, according a April 11 report by the Financial Times. This is despite the five leading Canadian banks’ agreement last year to join the U.N.’s Net-Zero Banking Alliance, led…

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Twitter Shares Fall After Musk’s Board Membership Reversal

April 11, 2022
Business & EconomyCompanieseconomyElon MuskInvestmentMedia & Big TechSocial MediaTechTech NewsTwitter sharesUSUS News
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Twitter shares fell nearly 4 percent in pre-market trading on April 11 after a surprise announcement by the company’s CEO that Elon Musk would not, in fact, become a member of the social media giant’s board of directors. “Elon has decided not to join our board,” Twitter CEO Parag Agrawal announced in a tweet late…

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Russia Halts All Bond Sales Over ‘Cosmic’ Borrowing Costs

April 11, 2022
bondborrowingBusiness & EconomyeconomyEuropeinflationInternationalInvestmentMarketsRussiaRussia-Ukraine WarWorld
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Russia is hitting pause on any new government borrowing owing to what finance minister Anton Siluanov told local media was a “cosmic” rise in debt servicing costs following war-related Western sanctions on Moscow. Siluanov told the Izvestia news outlet in an interview on Monday that Russia will halt all government bond auctions for the rest…

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Australia’s Competition Watchdog Needs Power to Stop Mega Funds Expanding Industry Control: Report

April 11, 2022
AustraliaBlackRockBusiness & EconomyCompaniesInternationalInvestmentMarketsState StreetstocksUSUS NewsVanguardwoke capitalWorld
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Australia’s competition watchdog should receive new powers to stop any potential merger that could see “mega-funds” like U.S. giants BlackRock, Vanguard, and State Street widen control over an industry, according to a parliamentary committee. On April 11, the Standing Committee on Economics in Australia tabled its report examining the influence of the mega-funds, which also…

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5 Amazing Tips on Turning Real Estate Into a Real Fortune

April 11, 2022
BrightinvestingInvestmentpersonal financereal estate
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By Five Tycoons of The Oracles At least 30 U.S. billionaires made their money from real estate. Some say that it’s the greatest way to create real wealth and financial freedom. These five tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing. Start Small Although I’m a businessman first,…

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Musk Asks ‘Is Twitter Dying?’ in Cryptic Tweet After Devin Nunes Calls It a ‘Ghost Town’

April 9, 2022
Business & EconomyCompaniesDevin NuneseconomyElon MuskInvestmentMarketsSocial MediaTechTech NewsTwitterUS
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Elon Musk, who recently joined Twitter’s board of directors, sent a cryptic tweet on Saturday asking whether Twitter is “dying,” coming just days after Truth Social CEO Devin Nunes called Twitter a “ghost town” when asked to comment on Musk’s involvement in the company. Musk, who recently bought a 9.2 percent stake in Twitter that…

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Russia’s Foreign Currency Rating Cut, Risk of Debt Default Looms

April 9, 2022
Business & Economydefaulteconomic policieseconomyEuropeInvestmentPoliticsrubleRussia ratingRussia-Ukraine WarUSUS NewsWorld
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Russia’s foreign currency payment rating has been downgraded after Moscow used rubles to make a dollar-denominated debt payment earlier in the week, a move that rating agency S&P Global said casts doubt on Russia’s ability or willingness to honor its obligations to foreign debtholders. S&P Global on Saturday cut Russia’s rating to “selective default,” saying…

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How Investible Is China? Expert Views: Nature of the US-China Economic Competition and Investment

April 8, 2022
BusinessChinaChina InsiderChina-USeconomyEpochTVglobalizationInvestmentmarket economySocial IssuesUS-China competitionUS-China relations
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There are still many who dream that China’s market is bright. Knowing the Chinese regime’s political nature—where the party is placed first, above all else—can the Chinese market really be trusted as a proving ground for global investors? I speak to J.G. Collins about the credibility of China and American investments there. I also speak…

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