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Orsted fires CFO and COO
SummaryCompaniesEuropean boss Rasmus Errboe to be interim CFOBoard member Andrew Brown to be interim COOFinancial guidance unchangedHELSINKI, Nov 14 (Reuters) – Denmark’s Orsted (ORSTED.CO) said on Tuesday its finance and operations chiefs were stepping down with immediate effect after the offshore wind farm developer earlier this month reported large financial losses.The search for successors to…
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APEC: Secretary Yellen opens finance ministers’ meeting, calls for collaboration
San Francisco in the international spotlight as APEC is underway The United States finance chief is taking center stage Monday at the Asia-Pacific Economic Cooperation summit in San Francisco. Janet Yellen urged finance ministers to forge a path to resilience and sustainability. <!–> SAN FRANCISCO, Calif. – U.S. Treasury Secretary Janet Yellen welcomed representatives…
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Digital Edge secures its first-ever green loan to finance the development of South Korea’s largest commercial colocation facility
KRW 440 billion (USD 335 million) of green financing to support the company’s previously announced SEL2 data center SINGAPORE, Nov. 14, 2023 /PRNewswire/ — Digital Edge (Singapore) Holdings Pte. Ltd. (“Digital Edge”) today announced it has successfully secured the platform’s first-ever green loan to support the first phase of development of the company’s previously announced…
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Yellen says APEC finance ministers agree to expand output sustainably
SAN FRANCISCO, Nov 13 (Reuters) – U.S. Treasury Secretary Janet Yellen said that finance ministers from Asia-Pacific Economic Cooperation countries on Monday affirmed their desire to expand their economies’ potential output in a sustainable manner.”APEC members have affirmed a shared interest in pursuing policies that expand the productive capacity of our economies while also achieving…
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Sustainable Finance Opportunities: A Guide for Financial Institutions
The global transition to a low-carbon economy will provide banks with an enormous commercial opportunity, as borrowers seek new financing for sustainability and climate solutions. In 2022, for the first time ever, companies raised more money in the debt markets for climate-friendly projects than fossil fuel projects, with banks earning estimated $3.3 billion in…
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What happens to your joint mortgage after divorce?
Divorce is a complex legal process, requiring careful consideration of shared lives. One of the significant challenges faced by divorcing couples is determining the fate of their joint mortgage. As the legal and financial implications can be daunting, it’s crucial to understand the available options and potential consequences.There is no standardised method of managing a…
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Finance
Our Finance and Control (F&C) team focuses on driving the financial performance whilst also seeking efficiency through further digitalisation. We support the business transformation to win in the future and strengthen our #1 position in UK & Ireland. We also drive compliance, so it stays top of mind of all our employees. Our F&C teams…
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Opinion | Smotrich is Israel’s worst finance minister ever
The Finance Ministry is paralyzed. The atmosphere there is bleak, the economists despondently pace the corridors. They feel a complete disconnect from the finance minister who is living in a parallel world in which “Everything is fine, with God’s help, there is money and there are no problems.” Bezalel Smotrich does not sit down with…
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China’s development banks provided no green energy finance in 2022 -research
SINGAPORE, Nov 14 (Reuters) – China’s pledge to end overseas coal financing has not yet driven more funding into renewable projects, with its development banks providing no new energy sector loans for the second year in a row in 2022, researchers at Boston University said on Tuesday.President Xi Jinping said in 2021 that China would…
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Promise of private finance is blocking peatland restoration
Communities in Scotland’s Western Isles are under pressure to restore degraded peatlands in the drive to achieve net-zero carbon emissions. Government intervention is needed to ensure that these communities are not exploited by private investors seeking carbon offsets. Competing Interests The authors declare no competing interests.