DIRS.INFO The most relevant business & tech news

☆ 'A quality earnings compounder': Buy this Canadian dividend growth stock with a 5% yield, Scotiabank says
▼ + stars: | 2024-12-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

One of Canada's large financial holding companies appears to be an attractive dividend investment opportunity, according to Scotiabank analysts. This development could boost Power Corporation's dividend growth rate, as Great-West represents its largest source of dividend income. "We think the value of the dividend growth is not reflected in the stock price and is underappreciated by the Street," the analysts added. Scotiabank's price target of 56 Canadian dollars ($40) is around 20% above the current stock price, with additional upside potential if dividend growth rates increase. The company recently agreed to sell its stake in Peak Achievement Athletics for around 440 million Canadian dollars, providing additional capital for potential shareholder returns.

Persons: Phil Hardie Organizations: Scotiabank, Power Corporation of Canada, Power Corp, IGM, Power Corporation, Desjardins Securities, Power Locations: U.S

☆ Indian public sector firm NTPC's green energy arm files for $1.2 billion IPO
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India's coal dependence -- a habit that despite increasing pressure, the country is finding hard to kick. India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market. The company, a unit of state-owned power producer NTPC , will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed. So far this year, about 235 companies have gone public and raised more than $8.6 billion, which exceeds the total amount raised last year.

Persons: NTPC Organizations: National Thermal Power Corporation, Green Energy Locations: Dadri, India

☆ India asks utilities to order $33 billion in equipment this year to boost coal power output, Reuters reports citing sources
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India's coal dependence -- a habit that despite increasing pressure, the country is finding hard to kick. India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. India is rushing to add fresh coal-fired plants as it is barely able to meet high power demand with the existing fleet in non-solar hours. Post pandemic, the country's power demand scaled new records on the back of the fastest rate of economic growth among major economies and increased instances of heatwaves.

Persons: Manohar Lal, Narendra Organizations: National Thermal Power Corporation, Adani, Power Locations: Dadri, India

☆ A stock market glitch briefly showed Berkshire Hathaway stock down 99% after NYSE technical issue
▼ + stars: | 2024-06-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

Technical issues at the New York Stock Exchange displayed incorrect stock prices on Monday. Shares of Berkshire Hathaway Class A shares were down 99.97% for about two hours. The New York Stock Exchange fixed the glitch as of about 11:45 am. AdvertisementA technical glitch at the New York Stock Exchange led to some stocks displaying incorrect prices on Monday. The New York Stock Exchange is owned by Intercontinental Exchange.

Persons: —, Berkshire Hathaway, Del Sureste Organizations: New York Stock, Berkshire Hathaway, New York Stock Exchange, Service, Consolidated, Berkshire, Barrick Gold, NuScale Power Corporation, Grupo, Intercontinental Exchange Locations: Berkshire

☆ Earnings will drive the market next week — what we expect from 2 portfolio stocks
▼ + stars: | 2024-05-04 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho

☆ Goldman Sachs just added stocks to its top Asian picks, giving one over 45% upside
▼ + stars: | 2024-04-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. Here are two additions to Goldman Sachs' Asian conviction list, and two removals: China Resources Beer Goldman analyst Leaf Liu said he was positive on the outlook for Chinese beer manufacturer and distributor China Resources Beer . Goldman Sachs has a 12-month price target of 51 Hong Kong dollars ($6.51) on the stock, giving it potential upside of around 46%. NTPC India's power generation company NTPC — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Shionogi, China Medical System Meanwhile, the Wall Street bank removed two pharmaceutical players — Japan's Shionogi and the China-headquartered China Medical System — from its conviction list.

Persons: Goldman Sachs, China Resources Beer, Leaf Liu, CRB, —, National Thermal Power Corporation —, Apoorva Bahadur, Bahadur, Goldman, — Japan's Shionogi, — CNBC's Michael Bloom Organizations: MSCI Asia, China Resources, China Resources Beer Goldman, China Resources Beer, Brands, Star, Heineken, Hong, Franklin FTSE, National Thermal Power Corporation Locations: Asia Pacific, Japan, China, ,, Tianjin, premiumization, Hong Kong, Franklin FTSE China, Shionogi

☆ Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
▼ + stars: | 2023-11-03 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.

Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala

☆ UAE and South Korea complete talks for bilateral trade deal
▼ + stars: | 2023-10-14 | by ( Rachna Uppal | ) www.reuters.com time to read: +2 min

Trade and investment ties between the Gulf state and South Korea have been steadily advancing; in the first half of 2023, bilateral non-oil trade reached $3 billion, similar to the same period last year, but up 21% over 2021, a statement said. South Korea was one of the first countries with which the Gulf state launched talks for a CEPA in 2021. Three months later however, the Asian state revived dormant Free Trade Agreement (FTA) talks with the six-member Gulf Cooperation Council bloc, of which the UAE is a member. "We resumed talks with Korea earlier this year as we were both keen to conclude a deal and advance our respective economic agendas," Thani Al Zeyoudi, UAE minister of foreign trade, told Reuters, adding the GCC FTA talks remained ongoing. It has said it does not mix politics with trade, when asked whether the Israel-Gaza conflict would have an impact on the Gulf state's trade deal with Israel.

Persons: Yeo Han, koo, Zeyoudi, Rachna Uppal, Sharon Singleton Organizations: South Korean Trade, United Arab Emirates Minister, State for Foreign Trade, United Arab, . Trade, Korea Electric Power Corporation, Gulf Cooperation Council, Reuters, Israel, Thomson Locations: State for Foreign Trade Thani, Dubai, United Arab Emirates, DUBAI, South Korea, Gulf, Abu Dhabi, Korea, UAE, Thani, Zeyoudi, Israel, Turkey, India, Indonesia, Gaza

☆ Beaten down US solar sector may be primed for a rebound: Maguire
▼ + stars: | 2023-09-27 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

High interest rates that caused financing costs for panel installations to surge and enduring supply chain disruptions have stifled residential and corporate solar system orders through much of 2023, hammering sector sentiment. SunPower Corporation (SPWR.O), which for nearly 40 years has been one of the largest U.S. residential solar system installers, has been the downside leader in terms of key solar share prices, dropping by nearly two-thirds year-to-date. The company also expects its leasing business - where it leases instead of sells solar panels to households, and charges homeowners a monthly fee - to show continued growth following a 108% expansion in the second quarter. HOME GROWN PRODUCTIONFirms that specialize in the manufacture of key solar components have also seen steep stock price declines this year. Wall Street trackers are also upbeat on the outlook for First Solar (FSLR.O), which is one the few solar sector companies to have had share prices gain year-to-date.

Persons: Roth, Gavin Maguire, Jamie Freed Organizations: SunPower Corporation, Enphase Energy Inc, Reuters, Thomson Locations: LITTLETON , Colorado, California, U.S, United States, Ohio, Alabama

☆ Greg Fleming's Rockefeller strategic-advisory team defies dealmaking drought thanks to this rich family
▼ + stars: | 2023-05-31 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

The wealth manager's CEO Greg Fleming has deep ties to the Desmarais family behind the insurer. In the midst of a dealmaking lull, Rockefeller Capital Management can add another billion-dollar advisory deal to its resume. Advised by the five-year-old firm, Canadian insurer Great-West Lifeco is selling asset management subsidiary Putnam Investments to Franklin Templeton, the firms announced today. Since Fleming launched Rockefeller, born out of the Standard Oil heirs' family office, Great-West Lifeco has consistently sought the firm's services. The Rockefeller family also increased its stake by an undisclosed amount.

Persons: Rockefeller, Franklin Templeton, Greg Fleming, Lifeco, Morgan Stanley, Merrill Lynch, Jim Ratigan, Stephen Valentino, Fleming, Paul Desmarais Jr Organizations: Rockefeller Capital Management, Putnam Investments, Pitchbook, Wall Street, Deutsche Bank . Rockefeller, Standard, Rockefeller, Power Corporation of Canada, Viking Global, Bank of America

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Asia's energy supply looks secure — even as Europe scrambles
▼ + stars: | 2022-10-21 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

On Tuesday, the EU steered away from a proposed price cap on Russian gas as it laid out new measures to tackle high energy prices. Overall LNG imports fell 7% year-on-year. Overall LNG imports fell 7% year-on-year. The decrease in LNG imports for Japan, Pakistan and India were 17%, 73% and 22% respectively, the IEA said. However, there is a clear increase month on month of coal power generation," IEEFA energy finance analyst Ghee Peh said.

☆ Duke Energy is one of the top leakers of a gas that is 25,000 times more polluting than carbon dioxide, EPA records show
▼ + stars: | 2022-09-21 | by ( Phil Mckenna | Inside Climate News | ) www.nbcnews.com time to read: +22 min

The emissions were equal to the annual greenhouse gas emissions of more than 59,000 automobiles, according to the EPA’s greenhouse gas equivalency calculator. Under such a scenario Duke Energy would likely have years of low emissions punctuated by a single year of high emissions. While other utilities have participated for decades in a voluntary program with the EPA to reduce SF6 emissions to next to nothing, Duke Energy has not. Brooks said Duke Energy is also targeting its most leaky equipment for faster replacement. The figure is roughly half of 1% of all greenhouse gas emissions worldwide, far smaller than yearly emissions of carbon dioxide, the primary driver of climate change.

REUTERS/Steve Marcus - RC28BE9D5MZ7HONG KONG, Sept 20 (Reuters Breakingviews) - Seoul's foot-dragging on climate change is holding back Korea Inc. Last week the country's top conglomerate, Samsung Electronics (005930.KS), unveiled an underwhelming net-zero carbon emissions target. Most of that is probably from electricity for factories in South Korea, where renewable power is scarce. Yet President Yoon Suk-yeol's administration plans to lower its renewable-energy target for 2030, favouring nuclear power instead. The company has also joined RE100, a group of global corporations including Apple, Intel and TSMC that are committed to using 100% renewable energy across their own operations. Renewable energy will account for 21.5% of generation capacity by 2030, down from the previous target of 30.2%.

Search resuls for: "Power Corporation"

15 mentions found