Crypto News Recap: Uae Doubles Down On Cbdc & Metaverse
This week in the Crypto News Recap, UAE is on the right track to becoming a crypto powerhouse with new CBDC success and heavily investing in metaverse migration...
Con Edison Renewable Energy Assets Sold To German Giant For $6.8B In One Of Biggest-ever Green Deals In U.s. | Fortune
Closing the deal "amidst the biggest energy crisis Germany has ever seen" earned buyer RWE harsh criticism. : RWE AG agreed to pay $6.8 billion for Consolidated Edison Inc.'s renewable energy assets in one of the biggest-ever green deals in the US, sparking criticism that Germany's largest utility should be focusing instead on its domestic business. RWE has been benefiting from the market turmoil in Europe's power and gas markets since Russia waged war on Ukraine.
Con Edison Renewable Energy Assets Sold To German Giant For $6.8B In One Of Biggest-ever Green Deals In U.s. | Fortune
RWE AG agreed to pay $6.8 billion for Consolidated Edison Inc.'s renewable energy assets in one of the biggest-ever green deals in the US, sparking criticism that Germany's largest utility should be focusing instead on its domestic business. RWE has been benefiting from the market turmoil in Europe's power and gas markets since Russia waged war on Ukraine. The company has raised its earnings outlook for the year and earmarked up to 15 billion euros ($14.7 billion) for investment in the US as part of its Growing Green strategy, which envisages global spending of 50 billion euros by 2030.
Qatar Investment Authority Helps Fund Rwe's Acquisition Of Con Edison Clean Energy Businesses
The Qatar Investment Authority (QIA) agreed to invest EUR 2,427.6 million in RWE AG (RWE) to support RWE's accelerated "Growing Green" strategy. RWE will issue a mandatory convertible bond to a subsidiary of QIA. The bond will be converted into new ordinary bearer shares expected to represent just under 10% of RWE's existing share capital...
Will Porsche's Shares Help Vwagy In Ev Race?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips In today's Market 360, we'll look at the details of the Porsche IPO and how it could help Volkswagen pull ahead in the EV race... The post Will Porsche's Shares Help VWAGY in EV Race? appeared first on InvestorPlace.
Forbes Announces The Inaugural Iconoclast Summit To Convene The World's Most Iconic Financial Titans
Forbes announces its first-ever Iconoclast Summit, a gathering of the world's most iconic visionaries, financial titans, pioneering technologists, and key executives to discuss the most critical issues impacting our economy and markets today.
Fluence: Getting Into Its Stride With Energy Storage And Management (nasdaq:flnc)
It is interesting how major new directions in the energy sector take time to mature. Fluence Energy (NASDAQ:FLNC) is a case in point. Formed in 2018 as a JV between Siemens Aktiengesellschaft (OTCPK:SIEGY) and The AES Corporation (AES), each of the participating companies have been involved in opening up energy storage and management for a number of years. Fluence means more focus than having these programs within bigger company structures. Fluence has stayed out of the limelight as it establishes its business and begins to become a significant company in energy storage and management of renewable energy.
Quick Thoughts: Why The U.s. Dollar Matters
The US dollar has now been strengthening for 11 years now, making this the longest US dollar strengthening cycle in history. Over the past 15 months, the US dollar has strengthened at an accelerated rate.
Porsche Ipo: What You Need To Know (poahy)
Volkswagen AG (OTCPK:VWAGY, OTCPK:VLKAF, OTCPK:VWAPY) is pushing to bring Porsche (OTCPK:POAHY) public on Thursday, September 29, in an offering that is expected to be the largest IPO in Europe after more than a decade. The listing, however, comes at a time when risk sentiment is fading and when the economic outlook is clouded by multiple challenges. Porsche's rumored valuation of about $75 billion appears attractive. And the carmaker's accelerating strategy push toward battery electric vehicle ("BEV") cars could unlock a portfolio of premium electric vehicles that rivals Tesla (TSLA). Accordingly, investor interest for the IPO is high.
Agf Management Limited (agfmf) Q3 2022 Earnings Call Transcript
AGF Management Limited (OTCPK:AGFMF) Q3 2022 Earnings Conference Call September 28, 2022 11:00 AM ET Welcome to the Q3 2022 AGF Management Limited Earnings Conference Call. My name is Richard and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] Please note that this conference is being recorded. Thank you, operator and good morning everyone. I am Adrian Basaraba, Senior Vice President and Chief Financial Officer of AGF Management Limited.