Hints and tips:
...Due to the impact of an active cyclone season in Australia, management has downwardly revised full-year daily production guidance to the lower end of the 20,000-23,000 boe range....
...Despite writedowns, goodwill remains the largest chunk of assets (£2.3bn) on the balance sheet, some 39 per cent. Steeper rates brought the previous impairment....
...“COP28 is about the poor in Africa that are suffering from climate change, from those in the small island states that are [experiencing] a deluge of cyclones.”...
...Goldman Sachs Asset Management Goldman’s asset management wing opens its outlook with a picture of Skywalk Aiyerweng, a picturesque thing in southern Thailand that is captured picturesquely in this picture...
...Once cyclones and chronic risks such as drought, heat and sea-level rises are factored in, San Francisco emerges as one of the areas most economically exposed, according to a Moody’s assessment....
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...And then I rode the cyclone rollercoaster. Then you get your official I’m a New Yorker card after you do that trifecta. Ethan WuWow....
...India’s 54-year-old space programme was originally focused on domestic development — helping to build communications infrastructure, improve crop surveillance and warning systems for cyclones....
...Citadel is seen as having a crucial advantage, with its traders fed information by a weather team that uses supercomputers to run forecasts and includes specialists in areas such as thunderstorm and tropical cyclone...
...Today’s Big Read highlights how the rush to safer assets by British pension funds has left the UK listing moribund and driven companies seeking to list overseas....
...Also, he says, as climate impacts become more frequent and intense, many assets will become uninsurable. Can a compromise be reached in Sharm el-Sheikh? If history is a guide, it’s a long shot....
...Forests were an asset, and forest fires damaged them. In 1910, Gifford Pinchot, chief of the US Forest Service, said, “Forest fires are wholly within the control of men.”...
...A cyclone that sweeps through Jamaica, a typhoon that hits China’s Greater Bay, an earthquake that damages Google’s facilities in California — just a few examples of the growing range of hypothetical events...
...“Our [non-performing assets] are less than 5 per cent,” he states....
...The following year Mozambique was struck by one of the worst-ever cyclones to affect the southern hemisphere, a catastrophe that cost 1,300 lives....
...Both through M&A and direct asset transactions, it needs to happen holistically to weed out underperforming assets and players....
...“And then finally, gaining the industry’s confidence of placing these valuable assets with us to maintain.”...
...India and Bangladesh, which are prone to tropical cyclones....
...Anadarko in June committed to a $25bn liquefied natural gas project, which will be transferred to Total following its agreement to buy the US energy company’s African assets....
...UK miners jumped in tandem with iron ore prices as damage from a cyclone in Western Australia forced Rio Tinto to issue force majeure notices to some customers....
...Commodities have roared back from their end-of-year rout, leading a broad-based rally in risk assets in 2019....
...“Idiosyncratic risk is now driving more of the variation across risk assets than at any other time since the 1990s,” the note said, flagging events such as Vale’s deadly dam accident in Brazil and cyclones...
...The original financing arrangements were: (1) a $622m loan to ProIndicus, a state-run security firm, to perform coastal surveillance; (2) a $535m loan to the Mozambique Asset Management Company (MAM) to...
...The Red Cross estimates Cyclone Idai damaged or destroyed up to 90 per cent of the city of Beira....
...The resort closed after Cyclone Debbie in 2017....
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