Adani Green Energy Ltd. (AGEL), part of Indian billionaire Gautam Adani’s conglomerate, is moving forward with its plan to raise $600 million through a bond issuance, after a previous attempt was postponed in October. The funds will support the company’s growing portfolio of renewable energy projects, specifically solar-wind hybrid ventures. Investor Outreach and Structure The […]
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Iberdrola has successfully placed an €800 million hybrid green bond, receiving overwhelming interest with demand 3.75 times oversubscribed, totaling more than €3 billion from over 200 international investors. The bond, which offers a competitive 4.25% coupon, marks the company’s most attractive hybrid issuance in the past three years, reflecting a strong market reception and investor […]
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A new initiative launched by a coalition of prominent green building organizations aims to address the growing financial divide between high-performing sustainable buildings and the broader building stock. The coalition, which includes the UK’s Building Research Establishment (BRE), the Green Building Council of Australia (GBCA), the Singapore Green Building Council (SGBC), the US Green Building […]
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The Federal Reserve Bank of Boston’s 68th Economic Research Conference, held this past weekend, delved into the transformative potential of emerging technologies like machine learning, data analysis, and artificial intelligence (AI) on the financial system. Titled The Future of Finance: Implications of Innovation, the conference explored how these innovations are shaping the future of financial […]
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In a major signal of AI’s accelerating adoption across industries, business spending on generative AI has surged a staggering 500% this year, climbing from $2.3 billion in 2023 to an impressive $13.8 billion in 2024, according to new data from Menlo Ventures. The explosive growth in AI investment reflects a broader trend of increasing reliance […]
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BNP Paribas Asset Management has launched the BNP Paribas Future Forest Fund, a $500 million sustainable forestry initiative aimed at balancing profitable timber investments with climate resilience and biodiversity preservation. Developed in collaboration with the International Woodland Company (IWC), this fund targets certified sustainable timber assets across key markets, including the U.S., Australia, New Zealand, […]
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The global transition to a sustainable and low-carbon economy is gathering pace, presenting significant opportunities across industries and sectors. One particularly exciting prospect lies within the small and medium-sized enterprise (SME) sector, which, according to a joint report by the International Chamber of Commerce (ICC) and software provider Sage, holds the potential to unlock a […]
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WASHINGTON, Nov 18 (Reuters) — The U.S. government has finalized an unprecedented $6.6 billion incentive package to support Taiwan Semiconductor Manufacturing Company (TSMC) as part of its plan to build three state-of-the-art semiconductor fabrication facilities in Arizona. The investment package, which includes direct funding, is designed to bolster TSMC’s commitment to spend approximately $65 billion […]
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In a groundbreaking decision that underscores the growing intersection of cryptocurrency and criminal law, Larry Harmon, the operator of the illicit Helix cryptocurrency mixer, was sentenced to three years in prison in 2024 for his role in a large-scale money laundering conspiracy. This sentence marks a significant moment in the evolving legal framework surrounding cryptocurrency […]
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As both France and Germany, Europe’s two largest economies, grapple with political gridlock over their respective national budgets, the financial stability of the eurozone is hanging in the balance. French lawmakers recently rejected a proposed draft budget for 2025, while Germany enters the new year without a final spending plan. This growing fiscal uncertainty could […]
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