MSCI launches new ratings to assess carbon credit projects

MSCI launches new ratings to assess carbon credit projects

They aim to improve understanding of a project’s impact on the climate, environment and society, as well as legal and ethical risks MSCI has launched the MSCI Carbon Project Ratings to improve assessment of integrity and risks. This comes amid a lack of confidence in the quality and integrity of carbon projects, which is causing…

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Asia: Markets extend gains as focus turns to US inflation

Asia: Markets extend gains as focus turns to US inflation

MOST Asian markets rose on Monday, building on last week’s rally following the Federal Reserve’s bumper interest rate cut, with focus now on the release of the bank’s favoured inflation gauge later in the week. Traders greeted the first reduction in borrowing costs since 2020 by pushing the Dow and S&P 500 to record highs…

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Stocks to watch: CapitaLand Investment, Singapore Exchange 

Stocks to watch: CapitaLand Investment, Singapore Exchange 

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 23):  CapitaLand Investment (CLI): Its wholly-owned lodging business unit, Ascott, on Monday said it expects to open 28 properties across South-east Asia in 2024. This comes amid robust growth prospects in the region, with the group expecting tourist arrivals…

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GM plans layoffs of two-thirds of workers at Kansas factory

GM plans layoffs of two-thirds of workers at Kansas factory

GENERAL Motors (GM) said it will temporarily lay off two-thirds of the workers at its Fairfax assembly plant in Kansas as it prepares the facility to begin production of the next Chevrolet Bolt model. “GM is investing approximately US$390 million in our Fairfax Assembly Plant to add production of the new Chevrolet Bolt EV,” GM…

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TSMC, Samsung weigh adding chip factories in UAE: report

TSMC, Samsung weigh adding chip factories in UAE: report

TAIWAN Semiconductor Manufacturing Company (TSMC) and Samsung Electronics have discussed building major new factories in the United Arab Emirates in coming years to help satisfy soaring demand for artificial intelligence (AI) computing, The Wall Street Journal (WSJ) reported. Executives from TSMC, the world’s largest chipmaker, have visited the UAE recently to discuss building a plant…

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