Author: Bella Hayes

SHANGHAI – China Pacific Insurance (Group) Co., Ltd. (CPIC) has announced the approval of Mr. ZHAO Yonggang’s appointment as chairman of its subsidiary, China Pacific Life Insurance (NS:) Co., Ltd. (CPIC Life), by the National Financial Regulatory Administration (NFRA). The confirmation, which came in the form of an official document from the NFRA, validates Mr. ZHAO’s position following his election during CPIC Life’s recent board meetings. Mr. ZHAO was elected as a director of CPIC Life at the company’s third extraordinary general meeting of 2024 and subsequently as chairman of the board during the fifth extraordinary meeting of the session.…

Investing.com — European prices rose on Friday after Russian President Vladimir Putin downplayed the chances of securing a deal to continue gas flows to Europe through Ukraine. Benchmark futures rose as much as 5% on the day, the strongest gain in a week, following Putin’s statement that arranging a new transit agreement before the current deal expires at year’s end would be impossible. Central European countries still purchasing Russian gas have proposed alternatives to keep supplies moving through Ukraine, but Ukrainian President Volodymyr Zelenskiy opposes any plan that channels funds to Russia during the ongoing war. Putin noted that proposals…

Investing.com — Delivery Hero AG (ETR:) shares fell sharply on Friday, marking their biggest decline in two weeks, after Taiwan blocked the sale of its local subsidiary to Uber Technologies (NYSE:). Taiwan’s Fair Trade Commission found that Uber’s planned acquisition of Foodpanda could harm market competition. Uber had aimed to finalize the $950 million deal by mid-2025. The deal would have been one of Taiwan’s largest outside the semiconductor sector and signaled Delivery Hero’s shift away from certain Asian markets. The stock fell around 9% to €26 in Frankfurt trading, but recovered some ground later, trading at €26.98 as of…

By Naomi Rovnick and Ankur Banerjee LONDON, SINGAPORE (Reuters) -The U.S. headed towards an almost 7% annual gain on Friday and Japan’s yen for a fourth consecutive year of losses as traders anticipated robust U.S. growth would make the Federal Reserve cautious on rate-cutting well into 2025. The , which measures the currency against major rivals, rose 0.08% on Friday to 108.16 to approach a 2.2% monthly rise and was on course to close the year 6.6% higher. The dollar was also nearing a 5.5% gain this month against the yen and an 11.8% advance for 2024 against the weakened…

LONDON – Rome Resources Plc (AIM: RMR), a tin exploration company focused on the Democratic Republic of Congo (DRC), has issued 221,544,334 warrants over new ordinary shares. The issuance includes warrants granted to certain company directors and a member of senior management, as well as a professional adviser, as compensation for their additional efforts beyond their regular duties. The company has detailed that the exercise of these warrants, priced at 0.35 pence each—the closing mid-market price of an ordinary share on December 24, 2024—could potentially bring in approximately £0.78 million in gross proceeds if fully exercised. This exercise price coincides…

By Ron Bousso LONDON (Reuters) – Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are likely to stick with in 2025. The retrenchment by oil majors comes after governments around the world slowed the rollout of clean energy policies and delayed targets as energy costs soared following Russia’s full-scale invasion of Ukraine in 2022. Big European energy companies that had invested heavily in the clean energy transition found their share performance lagging U.S. rivals Exxon (NYSE:)…

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 09:00 EET HELSINKI, Dec. 27, 2024 /PRNewswire/ — Stora Enso (OTC:) Oyj received a notification  pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock (NYSE:), Inc on 27 December 2024. On 25 December 2024, BlackRock’s holding in Stora Enso’s shares decreased below the 5 percent threshold.% of shares and voting rights (total of 7.A)% of shares and voting rights through financial instruments (total of 7.B) Total (EPA:) of both in % (7.A + 7.B)Resulting situation on the date on which threshold was crossed or reached4.76% sharesBelow…

Hyundai IONIQ 5 driven by Evo India team, logged a record-breaking total elevation change of 5,802 m over its more-than 4,900 km journey across IndiaExtraordinary route began in Umling La in Ladakh and finished in Kuttanad, KeralaStandard production car showcased IONIQ 5’s impressive EV credentials with long range and strong efficiencyGURUGRAM, India and  SEOUL, South Korea, Dec. 27, 2024 /PRNewswire/ — Hyundai Motor (KS:) Company (OTC:)’s award-winning Hyundai IONIQ 5 took part in a prestigious GUINNESS WORLD RECORDS™  title attempt for the Greatest altitude change by an electric car. The record attempt was organized by Hyundai Motor (OTC:) India Limited…

Utrecht, 27 December 2024 Aalberts N.V. has reached an agreement to acquire 100% of the shares of Paulo Products Company (Paulo), operating five facilities in the USA and one in Mexico, generating an annual revenue of approximately 105 million with 522 employees.Paulo is a provider of industrial heat treatment and related services that are critical to achieving strength, hardness, and other metallurgical properties required in various industrial applications. It is the largest privately owned thermal processing platform in North America providing solutions including heat treatment, brazing and metal finishing. Paulo serves attractive end markets like automotive, aerospace, defence and power…

Investing.com– Most Asian currencies edged lower on Friday with the South Korean won falling amid ongoing political unrest, while the Japanese yen rose on rate hike bets after an inflation reading from Tokyo. The ticked higher in Asian trade, remaining near a 2-year high it touched last week. The also ticked higher. Most Asian currencies were set for a weekly fall after sharp losses last week when the Federal Reserve projected fewer rate cuts in 2025. The Fed outlook had provided renewed strength to the and created downward pressure on Asian currencies. Japanese yen rises on rate hike bets The…