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By Jitendra JOSHI Agence France-Presse LONDON, United Kingdom (AFP) — Away from the toxic atmosphere at climate summit talks, in boardrooms, banks and trading houses, a transformation in green finance is under way. Its backers hope it could profitably help save the planet. Regardless of the politics of climate change, there is real money to be made today in the exploding market for bonds and other instruments invested in environmentally sustainable projects. But in the final […]
SEOUL, South Korea (AFP) — Samsung Electronics reported a 73 percent jump in its fourth-quarter net profit on Wednesday, setting a record for any three-month period, mainly driven by demand for its memory chips and display panels. Net profit for the October to December period rose to 12.26 trillion won ($11.4 billion), up from 7.09 trillion won a year earlier, the South Korean tech giant said in a statement. Samsung Electronics, the flagship subsidiary of […]
LONDON, United Kingdom (AFP) — British construction and outsourcing services group Carillion announced its immediate liquidation Monday after the heavily-indebted company failed to secure a financial rescue from the UK government and banks. Carillion, which employs 43,000 staff worldwide including 19,500 in Britain, said that the government would nevertheless provide some funding to allow current state projects to continue, following crunch talks over the weekend. “This is a very sad day for Carillion, for our […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — Automakers were on track Wednesday to report the first annual decline in US sales since the financial crisis, a dip offset by continued strength in the sales of trucks and other large vehicles. The three leaders in the US market — General Motors, Ford and Toyota — all reported modest declines Wednesday in annual sales compared with 2016, a record-setting year for the auto […]
by Richard CARTER Agence France-Presse TOKYO, Japan (AFP) — Virtual currency Bitcoin — or “digital gold” to its fans — has enjoyed a gravity-defying rise along with wild price swings, sparking fears it could be the latest financial market “bubble.” Bitcoin was worth just a few US cents when it began life in 2009 and last week changed hands for a staggering $17,000 despite having no central bank backing and no legal exchange rate. Here […]
WASHINGTON, United States (AFP) — Leonardo DiCaprio is aiding the investigation into a Malaysian embezzlement scam that involved his hit film about financial market fraud, “The Wolf of Wall Street,” according to his spokesperson Tuesday. The Hollywood star contacted the US Justice Department in July just after it filed a lawsuit to seize more than $1 billion in allegedly ill-gotten assets tied to Malaysian state investment fund 1MDB, including rights to the film, DiCaprio’s spokesperson […]
