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☆ US investor group clinches tax credit deal for $1.5 bln renewable power acquisition
▼ + stars: | 2023-08-16 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, U.S., May 29, 2020. Invenergy said in a statement it agreed to sell tax credits worth $580 million to Bank of America, and put those funds towards buying 14 projects from American Electric Power (AEP.O). It "creates a financeable transferability product that will be used to scale the growth of renewable energy," Fang said. Analysts at investment bank Credit Suisse have estimated the IRA could lead to the generation of tax credits worth $576 billion by 2031. Private equity firm Blackstone has invested around $4 billion in Invenergy.

Persons: Bing Guan, Joe Biden's, Invenergy, Karen Fang, Fang, Blackstone, Isla Binnie, Marguerita Choy Organizations: Energy Facility, REUTERS, Invenergy, Blackstone, Bank of America, American Electric Power, Bank of, International Energy Agency, Credit Suisse, Treasury Department, Internal Revenue, Canada's, Thomson Locations: Energy Facility California, U.S, Invenergy, Canada's Caisse, Quebec

The ruling Socialists (PSOE) and far-left Sumar won 153 but have more possibilities for negotiating support from small Basque and Catalan separatist parties, as they did following 2019's election. Sanchez could win over left-wing separatist party Esquerra Republicana de Catalunya (ERC). Junts Secretary General Jordi Turull said on Monday he would use the "window of opportunity" created by the election impasse to achieve Catalan independence. Turull was among the nine Catalan jailed separatist leaders pardoned by Sanchez in 2021 for their role in the 2017 independence bid. Puigdemont, who still wields considerable influence within Junts, said in mid-July the party would not support Sanchez because he was unreliable.

Persons: Sanchez, Carles Puigdemont, Pedro Sanchez, Vox, Sumar, Esquerra, Jordi Turull, Turull, Puigdemont, Joan Esculies, Esculies, Antoni Comin, Clara Ponsati, Yves Herman, Franco, Spain's, Alberto Nunez Feijoo, PNV, Arnaldo Otegi, Otegi, Joan Faus, Belen Carreno, Emma Pinedo, Inti Landauro, Charlie Devereux, Angus MacSwan, Aislinn Laing Organizations: Exiled, Catalan, Socialist, People's Party, Socialists, PSOE, ERC, Junts, RAC, REUTERS, Reuters, Basque, Vox, Thomson Locations: Spain, Exiled Catalan, BARCELONA, MADRID, Belgium, Catalonia, Puigdemont's, Basque, Catalan, Junts, Madrid, Brussels, Canary Islands, Galicia, Navarra, Barcelona

☆ U.K. Clinches $5 Billion EV-Battery Plant as Race for Green Investments Heats Up
▼ + stars: | 2023-07-19 | by ( William Boston | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Rory McIlroy’s ‘shot of the year’ clinches epic late victory at windy Scottish Open
▼ + stars: | 2023-07-17 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Rory McIlroy delivered a sensational finish to triumph at the Scottish Open on Sunday, birdieing the final two holes to snatch victory from home hero Robert MacIntyre. A first ever triumph in Scotland sees the 34-year-old become the first player to win The Scottish Open, The Irish Open and The Open Championship, which returns to Royal Liverpool for the first time since 2014 – the year of McIlroy’s last major triumph – on Thursday. McIlroy celebrates with his mother Rosie after triumph at the 2014 Open Championship at Royal Liverpool. “The Scottish Open will be up there with the event I want to play for the rest of my life. “But it’s not to be just now, and plenty of years ahead … Rory McIlroy’s potentially the best in the world, and he showed why today.

Persons: Rory McIlroy, Robert MacIntyre, “, –, McIlroy, Jared C, Tilton, MacIntyre, Scot, McIlroy lasered, Jon Rahm, ” McIlroy, Rosie, Andrew Yates, Wyndham Clark, ” McIroy, “ I’ve, Octavio Passos, ” MacIntyre, … Rory McIlroy’s, ” Organizations: CNN, Scottish, Renaissance, Irish, Royal Liverpool, Getty, PGA Locations: Scotland, Royal Liverpool, Merseyside, AFP

☆ Australia No.3 bank clinches union deal for staff to work from home
▼ + stars: | 2023-07-14 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, July 14 (Reuters) - National Australia Bank (NAB) (NAB.AX), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the world's first to give private-sector staff legal protection for remote work. This week the Australian federal body that sets public sector wages also agreed to a union request for uncapped work from home days. Some of Australia's biggest companies, including NAB and larger rival Commonwealth Bank of Australia (CBA) (CBA.AX), have set minimum office attendance requirements. A CBA spokesperson said the bank respected its existing union agreement "and those matters that require consultation". 2 bank Westpac (WBC.AX) and the FSU are currently negotiating a new enterprise deal which includes the question of whether to allow work from home, the union said.

Persons: CBA's, Byron Kaye, Jamie Freed, Lincoln Organizations: SYDNEY, National Australia Bank, NAB, Finance Sector Union, FSU, Australia's, Commonwealth Bank of Australia, CBA, Fair, Commission, Westpac, Thomson

☆ Golf found the next Tiger Woods, but there's one hurdle that could take her down
▼ + stars: | 2023-07-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

Rose Zhang has arrived with a level of hype and awe that had been reserved for Tiger Woods. Tiger Woods. Christian Petersen/Getty ImagesEven before turning pro, Zhang was being called "the Tiger Woods of women's golf." Convert a few of those opportunities and the "Tiger Woods of women's golf" moniker will be too limiting. She might become "The next Tiger Woods, period."

Persons: Rose Zhang, Tiger Woods, Zhang didn't, clinches, Zhang, Christian Petersen, Cardinal, Jordan Spieth, Michelle Wie, she's, —, Woods Organizations: Tiger, American, LPGA, Athletic, US, Stanford Locations: Plenty

☆ Pakistan Clinches $3 Billion in IMF Rescue Lending
▼ + stars: | 2023-06-30 | by ( Waqar Gillani | Tripti Lahiri | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: pakistan

[1/2] U.S. President Joe Biden and first lady Jill Biden meet India?s Prime Minister Narendra Modi in Washington, U.S., June 21, 2023. In a rare gesture, Modi has agreed to take questions from reporters with Biden at the White House on Thursday. Modi has not conducted a news conference since becoming prime minister nine years ago and his visit has drawn attention to concerns over human rights in India. Washington wants India to be a strategic counterweight to China and sees India as a critical partnership. Biden is under pressure from his fellow Democrats to discuss human rights with Modi.

Persons: Joe Biden, Jill Biden, Narendra Modi, Biden, Modi, Representatives Alexandria Ocasio, Ilhan Omar, Rashida, Cortez, Elon Musk, Musk, Steve Holland, Nandita Bose, Shri Navaratnam, Heather Timmons, Sharon Singleton Organizations: India's Press, REUTERS, Indian, Washington, Oval Office, White, Senior Biden, United, General Electric Co, GE, Hindustan Aeronautics Ltd, U.S . Navy, U.S ., U.S, chipmaker Micron, Representatives, Rights, Wednesday, Tesla, Thomson Locations: Washington , U.S, REUTERS WASHINGTON, U.S, India, Washington, China, United States, Australia, Gujarat, The U.S, backsliding, Cortez, New York

☆ Many are declaring the bear over, but a new bull market is more a process than a single moment
▼ + stars: | 2023-06-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The review is merely to note that the beginning of a potential bull market is a process, not a moment, occurring as the weight of the evidence gradually shifts in favor of the optimists. A new bull market, even if in place, doesn't always mean a timely sprint to hefty further gains. In a bear market, that's toppy; while in a bull market backdrop, such a level of optimism is fairly routine. In a bear market, 14 is "too low," In a bull market, it's middling. The S & P 500 has built a cushion with which to absorb routine pullbacks without jeopardizing the broader trend.

Persons: JFK, didn't, –, doesn't, Stephen Suttmeier, Bull headwinds, I've, they've, there's Organizations: Bank of America, Investment Group, Lehman, Investment, American Association of Locations: New York, –

☆ Manchester City Clinches the Premier League. The Trophy Sweep May Only Be Starting.
▼ + stars: | 2023-05-20 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/sports/soccer/manchester-city-premier-league-title-arsenal-3ded30f1

☆ Nikki Haley mocked Joe Biden for his age, predicting that he'll die in 5 years and won't live to see the end of a second term
▼ + stars: | 2023-04-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Nikki Haley took a swipe at President Joe Biden's age, suggesting he won't live past 86. She told Fox that Biden will likely die before he reaches the end of a second term. Biden, who turns 81 in November, would be 86 by 2028 — the end of his second term, if he's reelected. A February memo from the White House physician states that Biden is being treated for acid reflux, spinal arthritis, atrial fibrillation, and high cholesterol. Representatives for Haley and the White House did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ German smart thermostat maker clinches top-up from U.S. investor
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, April 4 (Reuters) - 08German thermostat maker Tado has secured 12 million euros ($13.08 million) from U.S. investor S2G Ventures, it said on Tuesday, two months after it raised funds to expand in an increasingly energy-conscious European market. The need to actively manage household heating, often fuelled by gas, became a top political priority last year after the Russian invasion of Ukraine. Data gathered by Tado from hundreds of households where it has installed meters suggested Europeans were heeding calls from politicians to conserve energy. The top-up bolsters the Munich-based company's fundraising to 55 million euros ($59.93 million) so far in 2023 when it expects to reach profitability. The funding announcement comes weeks after major start-up supporter Silicon Valley Bank collapsed, prompting panic among venture-stage firms, particularly in North America.

Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario. "I have not considered or discussed anything having to do with blanket insurance or guarantees of deposits," she said. The Morgan Stanley report considered that a potential extension of FDIC insurance could bring a majority of First Republic's customers back. Even if it clinches a cash infusion, the lender will probably need to take losses on securities in its so-called held-to-maturity portfolio, the Morgan Stanley analysts wrote. In the worst-case scenario, First Republic's shares would sink to just $1, Morgan Stanley analysts estimated.

Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario. That hope was reduced on Wednesday, after Yellen told a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services that the government "is not considering insuring all uninsured bank deposits." The Morgan Stanley report considered that a potential extension of FDIC insurance could bring a majority of First Republic's customers back. Even if it clinches a cash infusion, the lender will probably need to take losses on securities in its so-called held to maturity portfolio, the Morgan Stanley analysts wrote. In the worst-case scenario, First Republic's shares would sink to just $1, Morgan Stanley analysts estimated.

☆ S&P 500 Clinches Best Week Since November 2022
▼ + stars: | 2023-03-11 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

Traders are pricing in a 95% probability that the Fed will leave rates as is in December, up from 79% a week ago, according to CME Group’s federal-funds futures. Photo: Spencer Platt/Getty ImagesThe S&P 500 rallied Friday, capping its best weekly performance since November 2022, after the latest monthly jobs report suggested the Federal Reserve’s interest-rate raising campaign is working. The broad index gained 0.9%, bringing its gains for the week to 5.9%. The Dow Jones Industrial Average added about 200 points, or 0.7%, on Friday, while the Nasdaq Composite rose 1.4%. Those indexes also recorded their biggest weekly percentage gains of the year.

Persons: Spencer Platt Organizations: Group’s, Getty, Dow Jones, Nasdaq

"Right now the war in Ukraine is at a critical point," U.S. President Joe Biden told reporters. Germany would provide Marder Infantry Fighting Vehicles, according to a joint statement on Thursday from Biden and Chancellor Olaf Scholz. TRUCE PROPOSALUkrainian President Volodymyr Zelenskiy rejected out of hand a Russian order for a truce over Orthodox Christmas starting at noon on Friday and ending at midnight on Saturday. The heaviest fighting of the war continues in eastern Ukraine, with the worst of it near the eastern city of Bakhmut. Ukraine says Russia has lost thousands of troops despite seizing scant ground in months of futile waves of assaults on Bakhmut.

☆ Malaysia votes in general election, Anwar seen leading tight race
▼ + stars: | 2022-11-19 | by ( A. Ananthalakshmi | Rozanna Latiff | ) www.reuters.com time to read: +5 min

Malaysian Caretaker Prime Minister Ismail Sabri Yaakob stands in a line to vote during Malaysia's 15th general election in Bera, Pahang, Malaysia November 19, 2022. Prime Minister Ismail Sabri Yaakob’s ruling Barisan coalition and another bloc led by former premier Muhyiddin Yassin are other leading contenders. Muhyiddin’s alliance was a junior partner in Ismail’s coalition government, and the two could come together again to block Anwar. That was on par with turnout at the same time in the previous election in 2018, reflecting the increase in voters, political analyst Bridget Welsh told Reuters. Anwar was the top choice for prime minister at 33%, followed by Muhyiddin at 26% and Ismail at 17% in the Merdeka survey.

KUALA LUMPUR, Nov 19 (Reuters) - A new coalition led by former Malaysian prime minister Muhyiddin Yassin was leading a hotly contested general election on Saturday, with opposition chief Anwar Ibrahim a close second, early results from the Election Commission showed. The other main contender - Prime Minister Ismail Sabri Yaakob's ruling Barisan Nasional coalition - was losing ground in traditional strongholds to Muhyiddin's bloc, the results showed. As of 1630 GMT, the Election Commission had announced results for 123 of the 222 parliamentary seats. [1/6] Malaysian Caretaker Prime Minister Ismail Sabri Yaakob stands in a line to vote during Malaysia's 15th general election in Bera, Pahang, Malaysia November 19, 2022. The top issues are the economy, along with corruption, as several leaders from the Barisan Nasional coalition face graft accusations.

☆ Mikaela Shiffrin clinches her 75th World Cup win, breaking a Lindsey Vonn record
▼ + stars: | 2022-11-19 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Mikaela Shiffrin claimed her 75th World Cup win in Levi, Finland on Saturday, sealed with an electrifying second run, as she broke Lindsey Vonn’s record for the most podiums in a single discipline by a female skier. She is now just seven World Cup wins shy of her fellow American’s record 82 wins for a female skier and 11 behind the all-time leader, Sweden’s Ingemar Stenmark. “On the second run I made adjustments and it felt like a really good pace and tempo. Alessandro Trovati/AP“Today was a really good day. And, as well as the gold medal, Shiffrin will return home from Levi with her fifth Lapland reindeer, the traditional prize at Levi.

☆ Nigeria's Obasanjo clinches unlikely Ethiopia truce
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +5 min

[1/2] Former Nigerian president and African Union envoy Olesegun Obasanjo arrives for the signing of the AU-led negotiations to resolve the conflict in northern Ethiopia, in Pretoria , South Africa, November 2, 2022. Summary Obasanjo stepped down as Nigeria's president in 2007Now aged 85, he took up peace-making in retirementMediated in crises from Ivory Coast to MozambiqueJOHANNESBURG, Nov 2 (Reuters) - Olusegun Obasanjo has had mixed results as a mediator of intractable conflicts across Africa since he stepped down as Nigeria's president in 2007, although he has never tired of trying. Obasanjo stepped down from Nigeria's presidency in 2007 and presided over elections that marked the first handover of power from one civilian head of state to another in Nigeria since it became independent from Britain in 1960. The test now is whether Ethiopia's conflict is on track for a permanent peace deal or just a temporary respite. After Abacha's death in 1998, Obasanjo was released and was elected as civilian president in 1999.

The Philadelphia Phillies are facing the Houston Astros in the 2022 World Series. 2022 World Series scheduleEvery game of the 2022 World Series will air on Fox, and the series will continue until one team wins four games and clinches the championship. Game Date & Time Channel Score Philadelphia Phillies at Houston Astros, Game 1 October 28, 8:03 p.m. ET Fox Philadelphia Phillies 6, Houston Astros 5 Philadelphia Phillies at Houston Astros, Game 2 October 29, 8:03 p.m. ET Fox Houston Astros 5, Philadelphia Phillies 2 Houston Astros at Philadelphia Phillies, Game 3 November 1, 8:03 p.m.

The Philadelphia Phillies will face the Houston Astros in the 2022 World Series on Fox. The 2022 World Series begins October 28, with a potential game seven scheduled for November 5. You can stream the World Series on Fox through services like YouTube TV, Sling TV, and Fubo TV. 2022 World Series scheduleEvery game of the 2022 World Series will air on Fox, and the series will continue until one team wins four games and clinches the championship. Game Date & Time Channel Philadelphia Phillies at Houston Astros, Game 1 October 28, 8:03 p.m.

Although Lula's 2003-2010 presidency effectively reduced destruction of the rainforest, he embraced traditional industrial development with little regard for emissions. In the United States, the progressive Green New Deal languished in Congress, while President Joe Biden adapted some of the ideas for his climate agenda. Marcio Astrini, the head of environmental lobby group Climate Observatory, said Lula's proposals were a promising blueprint, but added: "Whether it will happen in practice is another matter." By contrast, Bolsonaro's campaign has said little about his environmental proposals for a second term. [1/3] Macaws sit on a tree at the Amazon rainforest in Manaus, Amazonas State, Brazil October 26, 2022.

☆ China's Xi clinches third term, packs leadership team with loyalists
▼ + stars: | 2022-10-23 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

REUTERS/Tingshu WangBEIJING, Oct 23 (Reuters) - China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. Shanghai Communist Party chief Li Qiang followed Xi onto the stage at the Great Hall of the People as the new leadership team was introduced, meaning he is likely to succeed Li Keqiang as premier when he retires in March. The other members of the seven-man Standing Committee, China's top governing body, are Zhao Leji and Wang Huning, who return from the previous committee, and newcomers Cai Qi, Ding Xuexiang and Li Xi. Li Qiang is also new to the Standing Committee. Xi Jinping also has total control over the larger Politburo and Central Committee," he said.

Oct 17 (Reuters) - Continental Resources Inc (CLR.N) said on Monday it had agreed to be taken private by billionaire-founder Harold Hamm in a deal that would value the U.S. shale producer at about $27 billion. Smead Capital Management, the largest shareholder after the Hamm family with around 2%, had said in June the original offer "undervalues" the company. Register now for FREE unlimited access to Reuters.com RegisterThe company's shares jumped more than 8% to $73.88 in premarket trading. Hamm founded Continental, the largest oil and gas producer in the Bakken shale, as Shelly Dean Oil Company in 1967, and ran it as a private firm until 2007. Hamm and his family own 83% of Continental's common stock and the deal does not require a vote by shareholders.

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