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Norway wealth fund posts document $164 bln loss

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Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

Core Scientific recordsdata for chapter as crypto winter bites

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Dec 21 (Reuters) – Core Scientific Inc (CORZ.O), one of many largest publicly traded cryptocurrency mining firms in the USA, mentioned on Wednesday it filed for Chapter 11 chapter safety, the newest in a string of failures to hit the sector. Austin, Texas-based Core Scientific attributed its chapter to slumping bitcoin costs, rising vitality prices … Read more

S&P 500, Nasdaq snap shedding streaks after jobless claims rise

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Weekly jobless claims rise in keeping with estimates Moderna, Pfizer up as FDA authorizes up to date COVID boosters Exxon climbs after boosting buyback program Indexes up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended larger on Thursday, snapping a five-session shedding streak, as traders interpreted knowledge exhibiting … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

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Dec 1 (Reuters) – Florida’s Chief Monetary Officer mentioned on Thursday his division would pull $2 billion value of its property managed by BlackRock Inc (BLK.N), the largest such divestment by a state against the asset supervisor’s environmental, social and company governance (ESG) insurance policies. The transfer will hardly dent BlackRock’s $8 trillion in property … Read more

Buffett’s Berkshire discloses $4.1 billion TSMC stake

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Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) stated it purchased greater than $4.1 billion of inventory in Taiwan Semiconductor Manufacturing (2330.TW), , a uncommon vital foray into the know-how sector by billionaire Warren Buffett’s conglomerate. The information despatched shares in TSMC up greater than 6% in Taiwan on Tuesday, because it boosted investor sentiment … Read more

Climate protesters in Portugal storm building, urge minister to step down

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LISBON, Nov 12 (Reuters) – Hundreds of protesters angry about the climate crisis took to the streets of Lisbon on Saturday, with dozens storming a building where Portugal’s Economy Minister Antonio Costa e Silva was speaking demanding that the former oil executive resign. Holding banners and chanting slogans, protesters demanded climate action. As some demonstrators … Read more