Renewables investment to halve in 2020 as policy vacuum saps confidence

Investment in renewable energy is set to slump heavily in the early 2020s as experts warn a policy vacuum has sucked confidence from companies in the sector. BIS Oxford Economics predicts Australia will hit a renewable energy investment peak this year but this high will be shortlived. Investment in renewable energy will slump after 2019 as the pipeline of projects are […]

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GM defends US investment following Trump jabs over Ohio plant

Will Trump’s pressure on GM cause a reversal at the Ohio plant? Washington Examiner writer Tiana Lowe on President Trump’s criticism of General Motors over the automaker’s decision to close its plant in Lordstown, Ohio and the potential impact of Trump’s threat of more auto tariffs. U.S. automaker General Motors reiterated its commitment to its U.S. employees and manufacturing efforts […]

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Brightsphere Investment Group PLC (BSIG) Q4 2018 Earnings Conference Call Transcript

Brightsphere Investment Group PLC (NYSE: BSIG)Q4 2018 Earnings Conference CallFeb. 07, 2019, 10:00 a.m. ET Contents: Continue Reading Below Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. Welcome to the BrightSphere Investment Group Earnings Conference Call and Webcast for the fourth quarter and year-ended 2018. (Operator Instructions) Advertisement Please note […]

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Vanguard Wants to Turn Your Portfolio Adviser Into a Life Coach

Vanguard Group’s Greg Davis has a message for financial advisers about their clients: “You are their emotional ballast for the uncertain times.” The chief investment officer of the $5 trillion asset manager stressed the growing importance of the softer side of financial advice at a recent event promoting exchange-traded funds. While these products are well-known as cheap investment tools, issuers […]

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Nippon Life plans to step up foreign bond buys without FX hedge: CIO

TOKYO (Reuters) – Nippon Life Insurance Co, Japan’s largest private insurer, is increasing investment in foreign bonds without currency hedge, as it sees limited risk of a steadily rising yen, its chief investment officer said on Tuesday. The insurer has increased unhedged foreign bonds, riskier than hedged ones, in the current financial year to March 31 and is likely to […]

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Buffett Says Berkshire Hathaway ‘Overpaid’ For Kraft

Billionaire Warren Buffett said Monday that his company Berkshire Hathaway Inc. (BRK-B,BRK-A,BRKa) paid too much for its investment in food giant Kraft (KHC). In an interview on CNBC’s Squawk Box, Buffett said, “I was wrong in a couple of ways about Kraft Heinz. We overpaid for Kraft.” However, Buffett added that Kraft was still a wonderful business in that it […]

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SK Hynix plans to invest $107 billion to build four semiconductor fabs after 2022

SEOUL (Reuters) – South Korea’s SK Hynix Inc plans to invest 120 trillion won ($106.66 billion) to build four semiconductor fabs after 2022 at a new cluster site in the country, the world’s second-biggest memory chipmaker said on Thursday. The company has submitted an investment letter of intent and once it is approved, more than 50 foreign and domestic suppliers […]

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Slower growth no reason to quit China: Epoch's Van Valen

NEW YORK (Reuters) – Slower overall growth is the new normal for China, but the globe’s second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen, who helps manage over $17 billion in assets. Van Valen, a managing director at Epoch Investment Partners, uses a risks-minimizing methodology focused on dividends. She […]

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Goldman Sachs, Point72 and others invest $44 mln in business credit startup Nav

NEW YORK, Feb 11 (Reuters) – Nav, a startup that gives small businesses free access to their credit reports, said on Monday that it had raised $44 million from investors including Goldman Sachs Group Inc, Point72 Ventures and Experian Ventures. CreditEase Fintech Investment Fund and Aries also participated in the round which was led by Goldman Sachs, the companies said. […]

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