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Top related persons:
Bruce Hogg - 1 CPPI - 1 Hogg - 1 Occo Roelofsen - 1 Tommy Reggiori Wilkes - 1 Conor Humphries - 1
Top related locs:
Amsterdam Europe Portugal Spain Power2X
Top related orgs:
Investments - 1 Investor - 1 McKinsey - 1 Investment Management Corporation of Ontario - 1 Thomson - 1

Search resuls for: "CPPI"


4 mentions found


☆ Canadian pension fund taps Europe's green hydrogen hopes with Dutch investment
  + stars: | 2023-07-11 | by ( Tommy Wilkes | ) www.reuters.com   time to read: +3 min
LONDON, July 11 (Reuters) - Canada's biggest pension fund, CPP Investments, has made its first bet on green hydrogen playing a growing role in cutting emissions, with a 130 million euro ($143 million) investment and the purchase of a majority stake in a three-year-old Dutch firm. "Europe is generally seen as the leading industrial market or consumer for these green molecules. Power2X's current projects include a green hydrogen and ammonia development in Portugal and a solar power and green hydrogen project in Spain. Expanding green hydrogen production will require more renewable power generation, and some questions remain over its potential use cases versus other low-emission technologies. Last month Canada's Investment Management Corporation of Ontario announced a $400 million investment in Sweden's battery producer Northvolt.
Persons: Bruce Hogg, CPPI, Hogg, Occo Roelofsen, Tommy Reggiori Wilkes, Conor Humphries Organizations: Investments, Reuters, Investor, McKinsey, Investment Management Corporation of Ontario, Thomson Locations: Amsterdam, Europe, Portugal, Spain, Power2X
☆ Teck Resources profit misses estimates as Glencore circles
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +1 min
Teck reported an adjusted profit of C$1.81 per share for the three months ended March 31, compared with the average analyst estimate of C$1.82, according to Refinitiv IBES data. read moreSome Teck shareholders have already cast their votes on the miner's proposal to split its coal and metals businesses. Glencore has said that there is no deal if shareholders vote in favor of Teck's split. Teck's quarterly gross profit for its copper business unit fell 42.1% due to a drop in sales volumes and average realized copper prices. Teck reported a revenue decline of 18% to C$3,785 million.
☆ Exclusive: Canada's biggest pension plan, CPPI, ends crypto investment pursuit -sources
  + stars: | 2022-12-07 | by ( Divya Rajagopal | ) www.reuters.com   time to read: +2 min
CPPI declined to comment but said it has made no direct investments in crypto. But CPPI abandoned the pursuit this year and redeployed the team to other areas, the sources said. CPPI's move also comes as two of Canada's largest pension funds have written off their investments after the collapse of crypto exchange FTX and crypto lender Celsius this year. Canadian pension funds' exposure to crypto sector has come under scrutiny following the FTX debacle. While Canadian pension funds are not prohibited from buying cryptocurrencies, they are known for their risk-averse investing strategies to generate steady returns for pensioners.
☆ TSX falls after better-than-expected domestic jobs data, materials weigh
  + stars: | 2022-12-02 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
Traders see a 75% chance of a 25-basis-point rate hike by the BoC next week, down from 84% before the data was published. The materials sector (.GSPTTMT) fell 1.2% tracking bullion prices that dipped after a strong U.S. jobs data rekindled worries of an aggressive Federal Reserve. This week was a cocktail of economic data iced with mixed bank earnings, as markets enter into the holiday season. The big fear and debate is all about whether the economic data is starting to point to a recession coming in 2023," Taylor added. Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
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