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☆ Peabody, Coronado Global Resources End Talks Over $6 Billion Deal
▼ + stars: | 2022-11-07 | by ( Stuart Condie | ) www.wsj.com time to read: 1 min

Peabody Energy last week reported a net income of $375.1 million for the three months through September, compared with a $44.2 million loss a year earlier. SYDNEY— Peabody Energy Corp. and Coronado Global Resources Inc. have ended talks over combining to create a new global coal giant valued at about $6 billion. Peabody, the largest U.S. coal producer, and Coronado on Monday said they had agreed to end discussions over a combination that would have brought together assets from North America to Australia. Neither company gave a reason for the failure of the talks or disclosed the financial terms that had been proposed.

☆ Goldman says these 'attractive stocks' still have more room to run
▼ + stars: | 2022-11-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Graphic Packaging Holding "Unique defensive growth at a discount," Goldman said recently of the commercial packaging materials company. Shares of Graphic Packaging are up almost 17% this year, and analyst Adam Samuelson said the stock remains attractive and compelling. Samuelson said Graphic Packaging is underappreciated by investors in that it's differentiated itself from competitors with its strong mix of cash flow and compounding earnings. Graphic Packaging is also a beneficiary of what Samuelson calls a "$12.5 billion market opportunity" as businesses and consumers shift from plastic to paper. Cintas "Healthy F1Q results, with attractive and resilient growth outlook for uniform rentals driven by pricing and no-programmer market.

☆ Explainer: A field guide to climate jargon
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +5 min

Nov 4 (Reuters) - Representatives from the world's nations meet in Sharm el-Sheikh, Egypt, on Nov. 6-18 to flesh out the rules of a new global climate pact. Here is a guide:GLASGOW PACTReached at the 2021 U.N. climate summit in Glasgow, Scotland, the Glasgow Pact marked the first time a U.N. climate agreement mentioned the goal of reducing fossil fuel use. With time running out for steep emissions cuts, the pact also urges nations to come up with more ambitious climate plans. NATIONALLY DETERMINED CONTRIBUTIONSNDCs are the pledges that each country makes to reduce its emissions and adapt to climate change from 2020 onward. 'LOSS AND DAMAGE'Although richer countries have agreed to provide them with funding to address the impact of climate change, poorer countries continue to press for an agreed basis to assess liability for the losses and damage caused by climate change, and calculate compensation.

☆ U.S. automaker Ford opens $260 million campus in Mexico
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 31 (Reuters) - U.S. automaker Ford Motor Co (F.N) opened its new global technology and business center on the outskirts of Mexico's capital on Monday after a $260 million investment. The new campus will host business operations, global transformation activities and the largest engineering center in Mexico, according to a video shared by the company's Twitter account. loadingThe campus, located in the municipality of Naucalpan, is set to host 9,000 employees working in a hybrid manner, splitting time between home and the campus, Ford Motor said in a statement. Several foreign auto companies have expanded operations and announced new investments in Mexico this year. Reporting by Carolina Pulice and Valentine Hilaire; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE KKR raises $6 bln for biggest Asia infrastructure fund -sources
▼ + stars: | 2022-10-28 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

HOTBED FOR DEALSLike the debut infrastructure fund that made more than a dozen investments, KKR's latest one will target renewables, telecom towers, power, utilities and transportation infrastructure, among others, the sources said. This year alone, funds backed by the likes of KKR, Macquarie, infrastructure investors DigitalBridge (DBRG.N) and Stonepeak have struck deals for tens of thousands of telecom towers in the Philippines. Earlier this month, a top executive at Permodalan Nasional Bhd, Malaysia's largest asset manager, told Reuters that it plans to add infrastructure assets into its portfolio from 2023. Last year, 19 Asia Pacific-focused infrastructure funds raised a total of $10.3 billion, Preqin data showed. Last month, Neil Arora, a veteran infrastructure dealmaker from Macquarie, joined KKR as the head of its energy transition team for Asia Pacific.

Some progress has been made, but it's not enough," Rebecca Marmot, chief sustainability officer at consumer goods company Unilever (ULVR.L), said. While regulators have pushed for more rigorous reporting on the companies' environmental impact and efforts to battle climate change, broader impact on nature and biodiversity has not yet been subject to similar scrutiny. The COP15 talks in Montreal will see countries try to agree a new Global Biodiversity Framework to combat the crisis that threatens over one million plant and animal species with extinction. "Assessment and disclosure are an essential first step to generate action, but it will only have an impact if it is made mandatory," the 330 businesses said in their statement. "Without this information, we are flying blind into extinction," Eva Zabey, executive director at global coalition Business for Nature, said.

☆ Biden admin officials consider discouraging U.S. companies from expanding business ties with Saudi Arabia
▼ + stars: | 2022-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | Carol E. Lee | ) www.nbcnews.com time to read: +8 min

WASHINGTON — Biden administration officials are considering trying to discourage American companies from expanding business ties with Saudi Arabia as part of a U.S. response to a recent Saudi-led push by oil-producing countries to cut global production, said three current and former U.S. officials familiar with the discussions. The Trump administration sent the treasury secretary to the conference, whereas last year the Biden administration sent Deputy Commerce Secretary Don Graves. “That’s going to be a key test, that OPEC meeting,” the senior administration official said. Early last year Riyadh announced that starting in 2024 only international companies with regional headquarters in Saudi Arabia could do business with the Saudi government. Before the OPEC+ decision this month, U.S. and Saudi officials spent hours discussing the future of oil prices, according to administration officials.

Ethiopia's State Finance Minister Eyob Tekalign attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. Ethopia's state finance minister Eyob Tekalign Tolina acknowledged the war was a key factor in the delay as well, and said he hoped there would be peace talks in "the coming few weeks" in an interview with Reuters on the sidelines of the International Monetary Fund-World Bank annual meetings in Washington. He said Ethiopia was requesting "exceptional access" to IMF funding of more than 100% of its allowance, but declined to say how much exactly. "As you know, we have been calling for the AU process, the AU-led peace talks, which is advancing now." He declined to specify how much debt relief the country requires, saying that the IMF still needs to finish a Debt Sustainability Analysis, which forms the basis of debt restructurings.

☆ Global wildlife populations have sunk 69% since 1970 - WWF report
▼ + stars: | 2022-10-12 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

The World Wildlife Fund (WWF) report, which used 2018 data from ZSL on the status of 32,000 wildlife populations covering more than 5,000 species, found that population sizes had declined by 69% on average. One population of pink river dolphins in the Brazilian Amazon plummeted by 65% between 1994 and 2016, the report said. Its findings were broadly similar to those in WWF's last assessment in 2020, with wildlife population sizes continuing to decline at a rate of about 2.5% per year, Terry said. "Nature was in dire straits and it is still in dire straits," said Mark Wright, director of science at WWF-UK. Still, the wide-ranging declines have prompted desperate pleas for increased support for nature.

☆ Coal Miner Peabody Energy in Deal Talks With Australian Rival Coronado
▼ + stars: | 2022-10-12 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Peabody’s pretax earnings in the second quarter were its highest in more than a decade. ADELAIDE, Australia— Peabody Energy is in talks to combine with an Australian rival that could result in a new global giant worth some $6 billion, illustrating how the coal-price surge that followed Russia’s invasion of Ukraine is transforming the sector’s fortunes. Peabody, the largest American coal producer, is discussing a deal with Coronado Global Resources which has operations in the U.S. and Australia. In a regulatory filing with the Australian Securities Exchange on Wednesday, Coronado said negotiations were occurring.

☆ China’s Universities Rise in World Rankings as American Schools Continue to Falter
▼ + stars: | 2022-10-12 | by ( Douglas Belkin | Sha Hua | ) www.wsj.com time to read: 1 min

The U.S.’s pre-eminence among the world’s top research universities continues to diminish, according to a new global ranking, while Chinese universities are on the rise, producing a greater quantity and higher quality of research than ever before. This year’s World University Rankings, released Tuesday by Times Higher Education, a British publication that tracks education, also named University of Oxford in England the world’s leading research university for the seventh straight year.

☆ American Universities Continue to Falter in World Rankings as China Rises
▼ + stars: | 2022-10-12 | by ( Douglas Belkin | Sha Hua | ) www.wsj.com time to read: 1 min

This year’s World University Rankings named University of Oxford in England the world’s leading research university for the seventh straight year. The U.S.’s pre-eminence among the world’s top research universities continues to diminish, according to a new global ranking, while Chinese universities are on the rise, producing a greater quantity and higher quality of research than ever before. This year’s World University Rankings, released Tuesday by Times Higher Education, a British publication that tracks education, also named University of Oxford in England the world’s leading research university for the seventh straight year.

☆ American Universities Continue to Falter in World Rankings, China Rising
▼ + stars: | 2022-10-12 | by ( Douglas Belkin | Sha Hua | ) www.wsj.com time to read: 1 min

☆ State Street Hires New Compliance Chief From Google
▼ + stars: | 2022-10-10 | by ( Mengqi Sun | ) www.wsj.com time to read: +1 min

State Street Corp. said it appointed Yvette Hollingsworth Clark as its new global chief compliance officer. At State Street, Ms. Hollingsworth Clark will report to Brad Hu, global head of risk, and will be accountable to the board’s examining and audit committee. She will oversee compliance activities globally, State Street said Monday in a statement. Jacqueline Angell, Ms. Hollingsworth Clark’s predecessor, left her position in June after about 10 years at State Street, according to her LinkedIn profile. State Street said Ms. Hollingsworth Clark’s background in risk compliance management and in setting up effective anti-money-laundering and compliance frameworks at global financial institutions will help it further strengthen its compliance functions.

☆ China's climate push could spawn new global players, even if Beijing falls short on its pledge
▼ + stars: | 2022-10-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

China aims to reach peak carbon emissions in 2030. Two years ago, Chinese President Xi Jinping formally announced the world's second largest economy would strive for peak carbon emissions in 2030, and carbon neutrality in 2060. Emerging leader in offshore wind? The U.K. and the rest of Europe are each expected to add about 10 gigawatts of offshore wind power in the next three years, according to IEEFA Research. Overenthusiastic measures to force local areas to cut carbon emissions last year resulted in a power shortage that disrupted factory production.

☆ The US tops the world with more than 140,000 ultra-rich citizens worth more than $50 million, after adding another 30,000 to the rolls in 2021
▼ + stars: | 2022-09-23 | by ( Lakshmi Varanasi | Andy Kiersz | ) www.businessinsider.com time to read: +3 min

The US has the highest number of individuals with worth more than $50 million, according to a new global wealth report. The US is also home to the majority of people with more than $100 million in wealth. Credit Suisse's report found that over the past two years, the number of "ultra high net worth individuals" — those with more than $50 million in assets — in the world has grown by 50%. China, which ranks second for the number of ultra high net worth individuals, only claims 12% of the world's share. As of 2021, the top 1% controls more than 35% of the country's wealth, the report noted.

☆ Opinion: IEA head: Electric cars are transforming the auto industry. That’s good news for the climate
▼ + stars: | 2022-09-23 | by ( Fatih Birol For Cnn Business Perspectives | ) edition.cnn.com time to read: +5 min

Transitioning to a cleaner and more secure energy system means tackling emissions across the major greenhouse gas emitting sectors — electricity, industry, transport and buildings. Taking into account the latest trends and government and business priorities worldwide, we now see incredible growth prospects for electric cars in the coming years. Electric cars’ cheaper running costs mean owners can often recoup the extra money they pay to purchase their vehicles within a few years. Expanding EV sales in economies beyond China, Europe and the United States will require more than carmakers’ efforts to broaden their electric offerings outside the major markets. Governments will need to push through policy reforms and provide financial support to help make EVs the most affordable option.

☆ World leaders pledge more support for nature ahead of UN summit
▼ + stars: | 2022-09-21 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz/File PhotoLONDON, Sept 21 (Reuters) - World leaders on Tuesday stepped up financial support and conservation commitments to combat the global biodiversity crisis that threatens more than one million plant and animal species with extinction. Nations will soon gather in Montreal, Canada, for a critical U.N. biodiversity summit (COP15) to finalise and adopt a framework to protect and conserve nature. "We will continue to mobilize global support to reach this target and protect biodiversity around the planet." Currently, about 17% of the world's land area is under protection, according to a 2021 report by the World Economic Forum. But just 7% of the global ocean is under some sort of conservation scheme, with less than 3% highly protected.

☆ Trump and Biden's pandemic stimulus helped Americans get wealthier at the fastest rate this century
▼ + stars: | 2022-09-21 | by ( Jason Lalljee | Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

Global wealth increased at its fastest rate this century last year. Wealth in the US grew the fastest, likely due to the impact of pandemic stimulus under Trump and Biden. When year-on-year exchange rate movements are accounted for, average wealth grew by 11.3%, the researchers found, and total global wealth grew by 12.7% in 2021. It's the fastest rate achieved this century, the report said, and "almost certainly the fastest rate recorded at any time in history." But that's likely to be the most help Americans will be getting in a while, the report notes.

☆ Want to sound less annoying? Avoid these 15 words and phrases that are ‘embarrassingly cliched,’ say grammar experts
▼ + stars: | 2021-12-26 | by ( Kathy | Ross Petras | ) www.cnbc.com time to read: +6 min

That's legit, but it's being used so often now that we seem to be avoiding a simpler word: "Detailed." It seems like everyone wants to take things offline instead of talking about it later, like they used to say in the old days. 'We remain cautious'Sometimes, "we remain cautious" is used to say nothing — meaning "we're not going to say much because who knows?" Other times, it's used to say "not to worry; we're not going to do anything untoward." But now, it's overused: WFH clothes, WFH hacks (see above), WFH everything.

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