Wednesday, 13 July 2022

Futures edge higher ahead of inflation data

Futures edge higher ahead of inflation data

U.S. stock index futures edged higher on Wednesday as investors braced for inflation data to gauge the pace of interest rate hikes by the U.S. Federal Reserve and the impact of rising prices on the health of the economy.

Alphabet to slow hiring in second half of 2022 as economy sputters

The company becomes the latest company to make such a move as decades-high inflation and the fallout from the Ukraine crisis pressure businesses.

Shareholder ESG support down but not out, researchers say

Average support for shareholder resolutions on environmental, social and governance (ESG) topics at U.S. companies dipped to 26.6% this year from 32% in 2021 as asset managers shied away from backing tougher investor requests, new data showed.

Spirit Airlines plans to delay Frontier deal vote to July 27

Takeover target Spirit Airlines Inc said it intends to delay the shareholder vote slated for Friday on its merger deal with Frontier Group Holdings Inc to July 27.

Iveco to partner with Hyundai on fuel cells for hydrogen buses in Europe

Truck and bus maker Iveco Group said on Wednesday it would partner with Hyundai Motor's HTWO to equip its future hydrogen-powered buses in Europe with fuel-cell systems designed by the South Korean group hydrogen mobility brand.

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Singapore sets up first battery storage system to improve port energy usage

Singapore has set up its first battery energy storage system (BESS) to manage peak consumption at the world's largest container transhipment hub.

Delta sees 'meaningful' full-year profit on resilient consumer demand

Delta Air Lines Inc on Wednesday forecast a "meaningful" profit for the full-year as robust travel demand helped it post its strongest quarterly earnings since the start of the pandemic.

U.S. SEC set to rescind Trump-era curbs on shareholder advisers

The U.S. securities regulator is expected on Wednesday to rescind rules introduced under former U.S. President Donald Trump that critics said impeded the independence of firms that advise investors on how to vote in corporate elections.

Rising prices curb consumers' taste for chocolate

Consumers are cutting back on chocolate due to the cost of living crises in Europe and the United States, according to new data and comments from executives at the world's biggest chocolate companies.

Bear market puts ESG investing to its first big test

Investing based on environmental, social, and corporate governance (ESG) principles became a $35 trillion industry on the back of a long run-up in stocks that lasted from 2009 until the start of this year.

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