Macquarie Group Moves Deeper Into Renewables

first_img FacebookTwitterLinkedInEmailPrint分享Australian Financial Review:When shares in Macquarie Group came within a whisker of cracking the $100 mark on Friday it was a sign of the growing market confidence that its 14,000 employees in 27 countries would continue to prove adept at making humungous amounts of money. Macquarie stock hit an intra-day high of $99.75 on Friday, about 50¢ higher than the previous record high set in May 2007.The move toward $100 a share comes soon after Macquarie employees sent a clear message to chief executive Nicholas Moore to direct the bank’s energies toward servicing a low-carbon economy.Employees were asked where the best money-making opportunities would be in the years ahead. They came back with three words – renewables, infrastructure and technology.In calendar 2016, the total amount of new investment in renewable energy projects in the world was $US240 billion, according to Tim Bishop, who heads Macquarie Capital. He said that outstripped the $US180billion invested in all other infrastructure projects in the world including rail, ports and airports.Bishop says the growth rates baked into renewable expansion are hard to comprehend. Macquarie’s own forecasts are for $US1 trillion in investment in renewables infrastructure over the next five years. Bishop says about $US600 billion of this will be in Asia.Earlier this year a Macquarie-led consortium comprising Macquarie Group, Macquarie European Infrastructure Fund 5 and Universities Superannuation Scheme completed the acquisition of the UK Green Investment Bank from the British government for £2.3 billion.Bishop says this acquisition was a turning point for Macquarie in Europe because it not only acquired one of the region’s largest group of bankers with expertise in renewables it got control of a pipeline of renewable projects.If Macquarie plays its cards right it could well become the global leader in financing green infrastructure projects using a combination of debt and equity. This would give it a distinctive differentiation from other investment banks in the United States, Europe and Asia.To be brutally honest these banks are caught up with traditional business models focused on high-risk trading in financial markets and fighting to win the next M&A transaction. Macquarie has an opportunity to dominate the renewable energy space because of its unique business model. That model has evolved rapidly since the global financial crisis.Its specialist alternative asset manager, Macquarie Infrastructure and Real Assets, is a leading renewable energy investor. Since 2010 it has invested or arranged about $15 billion of investment into renewable energy projects.Moore says that the past 12 months has seen a tipping point in the relative attractiveness of renewable energy.“There’s a number of important landmarks that we’ve seen in recent times that really shows that green energy is coming into its own,” he says. “There was an auction for offshore power in Germany in the last 12 months which was significant. This auction was for offshore wind power – wind farms built in the North Sea. We noted that the winner actually was with a zero subsidy from the government.”More ($): Macquarie Group sees big dollars in renewable energy investment Macquarie Group Moves Deeper Into Renewableslast_img read more

Huawei aims to have 73 local Indonesian apps in AppGallery by March

first_imgTopics : Huawei plans on nearly doubling that number by aiming to have 73 top local apps that are most used by Huawei customers to be integrated with its AppGallery by March 2020, before the launch of its flagship phone, Huawei P40, Khing Seng said. To attract local app developers, Khing Seng noted that the company would offer cooperation to develop the products’ strategic operation and other barter incentives, which he did not elaborate on. “Huawei is specifically developing the AppGallery because we have to provide an ecosystem for our latest Huawei mobile phones,  which up until now the United States still [registers] on its Entity List, hence Google cannot work directly with Huawei,” the deputy country head said. China’s Huawei Technologies was added to the Entity List in May 2019, which resulted in American companies being banned from selling their technology products to Huawei. Read also: Huawei hit with new US charges of trade secrets theftThe maneuver was made as the US Department of Commerce believes that “Huawei is engaged in activities that are contrary to US national security or foreign policy interest.” The ban was effectively implemented in August last year, therefore when the company launched its Mate 30 and Mate 30 Pro models in September 2019, the mobile devices no longer carried popular Google apps. Against the backdrop of global challenges, Huawei implemented measures to develop its own version of Google Play. Last year, the company invested US$16 billion in its research and development (R&D). In the previous year, Huawei was among the top five companies with the most financial investment in its R&D program, surpassing Apple and Intel, according to the 2018 European Union Industrial R&D Investment Scoreboard. Huawei’s AppGallery is available in more than 170 countries and has more than 400 million monthly active users, sitting among the top three app stores worldwide, Huawei claims. (ydp) Huawei Consumer Business Group Indonesia country head Fisher Jiang said in a statement that that there were sizable Indonesian apps on its platform, ranging from banking to e-commerce, with more to come.Read also: Huawei in public test as it unveils sanction-hit phoneUsers can find local bank apps such as Permata Bank, BCA Mobile, Link Aja to homegrown e-commerce platforms such as Bli Bli, Tokopedia, Bukalapak, among others. “As of last January, there were already more than 40 apps. The apps that we have chosen are apps that are in line with Huawei’s customer profile, which is mid [to] high customers,” Huawei Indonesia Consumer Business Group deputy country head Lo Khing Seng told reporters at the virtual launch on Feb. 25. center_img Chinese tech giant Huawei is touring globally to get local app developers on board its very own app store, AppGallery, launched as an alternative to Google Play and Apple App Store. It aims to have 73 Indonesian apps by next month. The company had used US$1 billion for its “shining-star program”, a developer engagement program, to support the development of apps for Huawei’s marketplace, Huawei Consumer Business Group CEO Richard Yu said.“We build strong relationships with local app developers to bring the best of local apps for local consumers, for every country,” Yu said during Huawei’s consumer business product and strategy virtual launch aired on Feb. 25 in Jakarta.last_img read more

​Folksam’s foreign cull pays off, new chief warns of challenges ahead

first_imgSwedish pensions and insurance group Folksam says the halving of its foreign equities portfolio – an exercise the firm carried out last year to lower its carbon footprint – has been more effective than anticipated, and has cut carbon by 30%.Separately, in its 2019 results announcement, the firm’s new chief executive officer warned that there were challenges facing the company in the near future, in spite of the set of strong investment results it reported, with assets under management rising to SEK455bn (€43bn) from SEK404bn in 2018.Folksam said it had expected the decision – announced in May last year – to cull its SEK84bn foreign equities portfolio in order to achieve a 20% reduction in carbon emissions, but the move had in fact shrunk its carbon footprint by 30%.At the same time, the portfolio had beaten global stock markets, it said. Michael Kjeller, Folksam’s head of asset management and sustainability, said: “We are very pleased that the actual outcome has exceeded our expectations.”In the nine months of 2019 that the new portfolio had been in operation, its return surpassed that of global stock exchanges by between 1.3 and 1.5 percentage points, he said, adding that this positive outperformance trend had continued in early 2020.Reporting annual results, Ylva Wessén, Folksam group CEO, said: “In a changing environment, a higher rate of change is required in the business.”She highlighted three new areas of focus for the firm in the near future: an increase in digitisation; the need for increased pressure on companies to lower their carbon footprints in order to achieve net zero by 2050; and changing working methods and office structures within the company as a means of cutting operating costs to SEK5.3bn by 2022.Folksam reported total group premiums in 2019 rose by SEK1.7bn from the year before, to SEK56bn.Folksam Life, the life and pensions division, produced a 10.4% return in the year, up from 1.5% in 2018, with solvency increasing to 169% from 163%.Meanwhile, Folksam’s municipal pensions subsidiary KPA Pension reported a total investment return of 11.2%, up from 2018’s 0.5%, and a solvency ratio of 171%, increasing from 165% last year.Wessén was appointed in December as the permanent successor to the Folksam’s previous CEO Jens Henriksson, having been running the pensions and insurance group on a temporary basis since his departure at the end of last summer.last_img read more

Celebrity Edge to Set Sail with 1st All-Female Bridge, Officer Team

first_imgFlorida-based cruise line Celebrity Cruises, part of Royal Caribbean Cruises, has unveiled plans for the first-ever sailing with an entirely female bridge and officer team.This historic sailing will take place on International Women’s Day – March 8, 2020 – aboard the company’s newest ship Celebrity Edge, which was delivered to the company a year ago.Captain Kate McCue will be at the helm and will be accompanied by 26 other women to create an all-female bridge and officer leadership team, and by Celebrity’s President and CEO Lisa Lutoff-Perlo.Only 2% of the world’s seafaring population are women. In an effort to lead the cruise industry into a more diverse future, the cruise line recently appointed its first female American captain, McCue. In addition, Celebrity Cruises announced that 22% of its bridge teams are made up of women.“We are all passionate about closing the gender gap,” Lutoff-Perlo said.“Over the last few years, we have worked hard to diversify the crew on board and bring more women than ever into our industry,” she added. “Since 2015, we have raised the percentage of qualified women on our navigational bridges from 3% to 22%. Now, we hope this all-time industry-high will continue to grow; we just need more women to raise their hands for careers at sea, especially in engineering,” Patrik Dahlgren, Senior Vice President of Global Marine Operations for Royal Caribbean Crusies who has spearheaded Celebrity’s bridge diversification efforts, commented.This year, the International Maritime Organization (IMO), together with the World Maritime University (WMU), is raising awareness of the importance of gender equality with the “Empowering Women in the Maritime Community” theme. A series of events have been held during 2019 to highlight the contribution of women to the maritime sector.Related:Celebrity Partners Up with Ghana University on Recruiting Female Bridge Officerslast_img read more

Adopt-A-Pet Dog of the Week

first_imgFacebook0Tweet0Pin0Submitted by Adopt-A-Pet of SheltonHello!  My name is Beau and I am loving my time at the Adopt-A-Pet. I am 8 years old, weight 68 pounds, and my time before was spent at the end of a chain. Here I have a nice roomy kennel with indoor and outdoor space instead. I get to run in the huge play yards without even a leash, and I even have a girlfriend! I finally know what it feels like to be free! When the nice person came to pick me up, I jumped right into the crate which made her very happy. Then we went for a car ride to come here. I liked the car ride and I really like the people who are taking such good care of me. They even take me for walks on the trails. I do have a leash on for walks and they say I walk very politely without pulling too much. I really want to have a new home where I am the only dog. I didn’t like other dogs coming around when I was tied up on a chain, but if I am properly introduced, I can make a friend. I impressed the people here at the kennel by responding when they asked me to do a sit and a down. I guess they can see that I really am a smart, sweet good boy. I hope I am the dog you have been waiting for. I know I have a lot to learn but I’m ready to work with you if you have time and love enough to teach me how to be an even better friend and companion.Adopt-A-Pet has many great dogs and always needs volunteers. To see all our current dogs, visit www.adoptapet-wa.org, Facebook at “Adopt-A-Pet of Shelton Washington” or at the shelter on Jensen Road in Shelton. For more information, email us at thedoghouse3091@hotmail.com or call 360-432-3091.last_img read more

Majestic mountains PM Modi shares pictures clicked on his way to Kedarnath

first_imgPrime Minister Narendra Modi reviewed the reconstruction work in Kedarnath.Twitter/ANIA day ahead of the last and final phase of the Lok Sabha 2019 elections, Prime Minister Narendra Modi on Saturday, May 18, offered prayers at the Kedarnath temple. PM Modi visited the Kedarnath shrine nestled in Garhwal Himalayas of Uttarakhand.Early in the day, Modi arrived at Dehradun’s Jolly Grant airport and took a helicopter to Kedarnath.On his way to Kedarnath temple, PM Modi clicked a few pictures that he shared. Taking to Twitter, PM Modi wrote, “Majestic mountains! Clicked these pictures while on the way to Kedarnath.”Majestic mountains! Clicked these pictures while on the way to Kedarnath. pic.twitter.com/Jpcq6n52sr— Chowkidar Narendra Modi (@narendramodi) May 18, 2019He was wearing a grey suit with a Pahari cap and a saffron gamchha around his waist.Alighting from the chopper, he headed straight to the holy shrine, where he offered special prayers to Lord Shiva.Modi also reviewed the reconstruction work in Kedarnath, which was extensively damaged in the June 2013 deluge.Reviewing aspects of the ongoing Kedarnath Development Project. pic.twitter.com/bVOFnCozug— Chowkidar Narendra Modi (@narendramodi) May 18, 2019The Prime Minister will spend the night here and will fly to Badrinath on Sunday. He would return to New Delhi later on Sunday.Security has been tightened around both the shrines in view of the Prime Minister’s visit, said Ashok Kumar, Director General (Law and Order).This is the Prime Minister’s fourth visit to Kedarnath in the past two years.In 2017, he visited it once in May after its gate were opened following a six-month winter break and again in October, before the temple again closed for winters. He last offered prayers at the temple on Diwali in November.last_img read more

Reliance Communications and Aircel lash out at rivals for causing them irreparable

first_imgReliance Communications Chairman Anil Ambani. REUTERS/Shailesh AndradeAs numerous speculations around Reliance Communications and Aircel have been doing the rounds, the rumours clearly haven’t gone down well with the telecom operators. RCom and Aircel have now accused Bharti Airtel, Vodafone and Idea Cellular of trying to poach its customers through false advertising.As per RCom and Aircel, their rival telcos have been running campaigns that say that Aircel is shutting down shop and RCom is also closing its voice businesses, reported the Economic Times. The two operators have now filed a complaint with the telecom department against the rivals.RCom has reportedly also served a Cease and Desist notice to some operators, who have been releasing ads which say that the former is shutting down its voice services and encouraging its consumers to change their carrier. Meanwhile, in its complaint, Aircel has said that the rival telcos have been telling its customers that Aircel will shut down its business by the end of this year and that the rivals have been offering attractive plans to the said customers. It said that such claims have brought the firm “irreparable damage.””As regard to the complaint raised by Aircel, the… concerned have been advised to immediately stop discriminatory marketing practices, if any, and to submit the explanation on the matter,” the Telecom Regulatory Authority of India (TRAI) said in a letter to Aircel, according to the daily.However, Airtel has said that it hasn’t been running such campaigns. While Vodafone did not admit or deny these claims, it did invite customers to try out its network.”Airtel adheres to the highest standards of regulatory compliance and respects all its fellow operators,” it said.Aircel has been in news for a while now and it was being said that a court order has prevented it from selling its 2G and 3G spectrum. Aircel does not own a 4G spectrum. The firm is already under a lot of debt and many analysts have pegged the amount at about Rs 20,000 crore. Considering talks of a merger with RCom is off, Aircel will have to come up with a new deal to pitch it to other buyers, but will have to exclude the sale of spectrum.The new deal could include its wireless assets and the 40,000 mobile towers that it owns. Aircel is said to have about 89 million subscribers.Similarly, Reliance Communications too has been facing issues as the Anil Ambani-led company is set to close a major part of its wireless business due to the losses it has been facing.last_img read more

The full back took his tally to eight as Justin Ho

first_imgThe full back took his tally to eight as Justin Holbrook’s men bounced back from last week’s loss to Leeds.Defensively, the visitors were solid too, halting a number of Rovers’ attacks on the goal-line to stay top of Super League.The game took a while to get going, but when it did Saints took full advantage.Firstly, Theo Fages’ footwork wrong-footed the Robins defence to win a penalty.Then, Luke Thompson took a short pass to smash through the defence and put down under pressure.It was great show of strength from the young prop to bring up his second of the season.Danny Richardson tagged on the extras – and then added a penalty on 18 minutes for 8-0.Saints defended four sets on their own line following an error from the restart – and then forced a knock on to gain possession in the host’s 40.And it was a chance they weren’t going to pass up as from the scrum, Benny Barba ‘showed and goed’ and went over in the corner.Richardson bettering the score with a cracking conversion from the touchline.Hull KR came back into it as the half ended and after huge runs from Mose Masoe and Justin Carney, they found Ryan Shaw who reduced the deficit.14-6 to the visitors at half time.Both sides ripped into each other in the early stages of the second but each found ball control at a premium.Indeed, Saints missed a couple of opportunities to turn the screw and silence the home support but a superb inside pass from Zeb Taia, close in, saw Barba get over for his second just before the hour mark.Ten minutes later it was game over.Back to back penalties got Holbrook’s men into range before great handling saw Barba link up with Tommy Makinson on the right touchline – the centre duly turning it back inside for Lomax.Moments later, after the restart had gone into touch, Dom Peyroux took the ball at pace and smashed through the defence to seal the deal.Match Summary:Rovers: Tries: Shaw Goals: Shaw (0 from 1)Saints: Tries: Thompson, Barba (2), Lomax, Peyroux Goals: Richardson (5 from 6)Penalties Awarded: Rovers: 10 Saints: 9HT: 6-14 FT: 6-30REF: L MooreATT: 7724Teams:Rovers: 1. Adam Quinlan; 5. Ryan Shaw, 4. Andrew Heffernan, 3. Thomas Minns, 36. Justin Carney; 7. Danny McGuire, 24. Christopher Atkin; 21. Robert Mulhern, 18. George Lawler, 10. Mose Masoe, 11. Maurice Blair, 17. Chris Clarkson, 13. Ben Kavanagh. Subs: 12. James Greenwood, 15. James Donaldson, 19. Tommy Lee, 29. Jordan Walne.Saints: 23. Ben Barba; 5. Adam Swift, 2. Tommy Makinson, 4. Mark Percival, 19. Regan Grace; 1. Jonny Lomax, 18. Danny Richardson; 10. Kyle Amor, 9. James Roby, 16. Luke Thompson, 17. Dom Peyroux, 11. Zeb Taia, 12. Jon Wilkin. Subs: 6. Theo Fages, 13. Louie McCarthy-Scarsbrook, 14. Luke Douglas, 15. Morgan Knowles.last_img read more