TotalEnergies sells 50% of a Greek renewables portfolio for 254 million euros
Reuters· 2025-12-17 08:25
Core Insights - TotalEnergies has agreed to sell 50% of a 424-megawatt portfolio of renewable assets in Greece to Asterion Industrial Partners for €254 million [1] Company Summary - The transaction involves a significant stake in renewable energy assets, indicating TotalEnergies' strategic move to partner with investment firms in the renewable sector [1] - Asterion Industrial Partners, a Spanish investment management firm, is expanding its portfolio in the renewable energy space through this acquisition [1] Industry Summary - The sale reflects ongoing trends in the renewable energy market, where major oil companies are divesting from traditional assets to focus on sustainable energy solutions [1] - The deal highlights the increasing interest and investment in renewable energy infrastructure in Europe, particularly in Greece [1]
Mosaic Stock Edges Down After Hours — Here's Why - Mosaic (NYSE:MOS)
Benzinga· 2025-12-17 08:24
Mosaic Co. (NYSE:MOS) fell 0.043% to $23.45 in after-hours trading on Tuesday.Check out the current price of MOS stock here.The stock of the global producer and distributor of potash and phosphate fertilizer fell 5.63% to close at $23.46 on Tuesday.Brazil Phosphate Production HaltedMosaic announced on Tuesday that it has begun steps to idle single super phosphate production, the first commercial mineral fertilizer made at its Fospar and Araxá facilities in Brazil, citing a sharp rise in sulfur prices. The c ...
Bunzl Expects Revenue Growth, Backs Guidance
WSJ· 2025-12-17 08:21
Core Viewpoint - The distribution-and-outsourcing group anticipates strong performance in the final quarter, driven by new business opportunities in North America [1] Group 1 - The company expects good momentum in the final quarter [1] - New business in North America is expected to provide significant support [1]
Tata and Infosys to bear brunt of Donald Trump’s $100,000 H-1B worker fee
MINT· 2025-12-17 08:19
Core Points - The Trump administration's $100,000 fee for new H-1B workers from outside the US is expected to significantly impact the IT outsourcing and staffing industries, which have been targets for both political parties [1] - Multinational staffing firms, such as Tata Consultancy Services, Infosys, and Cognizant, will be disproportionately affected, with nearly 90% of new H-1B hires at these companies approved at US consulates [2] - The fee could lead to a steep decline in visa demand and an increase in the placement of workers overseas, as companies adjust their hiring strategies in response [4][10] Industry Impact - The fee will impose substantial costs on major IT firms, with Infosys facing over $1 billion in visa charges for more than 10,400 workers, Tata for 6,500 workers, and Cognizant for over 5,600 workers [3] - The IT consulting industry has already reduced new H-1B applications since 2024, and the new fee is likely to accelerate the trend of offshoring jobs [10] - Companies are expected to increase investments in countries like India, which is a primary source of H-1B workers, to access talent more cost-effectively [10] Hiring Strategies - Many employers are proactively adjusting their hiring plans in anticipation of the fee, with some planning to opt out of registering workers who would require visa processing at consulates [14] - The upcoming visa lottery in April will serve as an early indicator of how the fee and proposed lottery changes will affect the skill and wage levels of applicants [13] - The combination of the $100,000 fee and potential lottery reforms could reduce entries in the next lottery by 30% to 50%, reshaping market behavior regarding H-1B applications [15]
Honda recalls more than 70,000 US vehicles over reduced brake function, NHTSA says
Reuters· 2025-12-17 08:17
Core Points - Honda is recalling 70,658 vehicles in the United States due to a brake function issue that can increase stopping distance, raising the risk of crashes or injuries [1] Group 1 - The recall affects a total of 70,658 vehicles [1] - The issue is related to reduced brake function, which can extend the distance required to stop [1] - This situation increases the risk of a crash or injury for drivers and passengers [1]
Virtune Extends Partnership with Truls Möregårdh
Globenewswire· 2025-12-17 08:15
Core Insights - Virtune, a Swedish regulated crypto asset manager, is expanding its collaboration with table tennis star Truls Möregårdh, who has recently achieved significant success in his sport [1][3][5] - The company is experiencing rapid growth in the Nordic region and is now entering the German market, aiming to provide a safer and regulated investment avenue for both retail and professional investors [2][6] - Truls Möregårdh's innovative and entertaining approach to table tennis aligns with Virtune's values of exploration and curiosity in investment strategies, making him an ideal ambassador for the brand [4][5] Company Overview - Virtune is a regulated crypto asset manager and issuer of 100% physically backed exchange-traded products (ETP), having launched its first ETP on Nasdaq Stockholm in May 2023 [6] - The company currently manages approximately SEK 3.2 billion in assets and has gained the trust of over 150,000 institutional and private investors [6] - Virtune emphasizes investor protection, transparency, and innovation, with a strong commitment to educating the market about crypto assets and ETPs [7]
BT share price is down 16% from YTD high: is it safe to buy the dip?
Invezz· 2025-12-17 08:15
Group 1 - The BT share price has experienced a pullback in recent months, reversing some of the earlier gains made this year [1] - The current trading price of BT shares is 182.40p, which represents a 16% decline from the highest point reached in August this year [1]
HDFC Bank reduces FD rates after SBI move: Check new fixed deposit interest rates effective December 17, 2025
The Economic Times· 2025-12-17 08:12
Core Insights - HDFC Bank has reduced fixed deposit (FD) interest rates following a 25 basis points cut in the repo rate by the Reserve Bank of India (RBI) to 5.25% [1][6] - The bank's FD interest rates for tenures of 18 months to less than 21 months have been decreased by 15 basis points for both general and senior citizens [2][6] HDFC Bank FD Interest Rates - For general citizens, the FD interest rate has been reduced from 6.6% to 6.45%, while for senior citizens, it has decreased from 7.1% to 6.6% [2][6] - The updated interest rates for various tenures are as follows: - 7 - 14 days: 2.75% - 15-29 days: 2.75% - 30-45 days: 3.25% - 46-60 days: 4.25% - 61-89 days: 4.25% - 90 days to 6 months: 4.25% - 6 months 1 day to 9 months: 5.50% - 9 months 1 day to less than 1 year: 5.75% - 1 year to less than 15 months: 6.25% - 15 months to less than 18 months: 6.35% - 18 months to less than 21 months: 6.45% - 21 months to 2 years: 6.45% - 2 years 1 day to less than 2 years 11 months: 6.45% - 2 years 11 months (35 months): 6.45% - 2 years 11 months 1 day to less than 3 years: 6.45% - 3 years 1 day to less than 4 years 7 months: 6.40% - 4 years 7 months (55 months): 6.40% - 4 years 7 months 1 day to less than 5 years: 6.40% - 5 years 1 day to 10 years: 6.15% [2][6] Senior Citizen FD Interest Rates - The updated FD interest rates for senior citizens are as follows: - 7 - 14 days: 3.25% - 15-29 days: 3.25% - 30-45 days: 3.75% - 46-60 days: 4.75% - 61-89 days: 4.75% - 90 days to 6 months: 4.75% - 6 months 1 day to 9 months: 6.00% - 9 months 1 day to less than 1 year: 6.25% - 1 year to less than 15 months: 6.75% - 15 months to less than 18 months: 6.85% - 18 months to less than 21 months: 6.95% - 21 months to 2 years: 6.95% - 2 years 1 day to less than 2 years 11 months: 6.95% - 2 years 11 months (35 months): 6.95% - 2 years 11 months 1 day to less than 3 years: 6.95% - 3 years 1 day to less than 4 years 7 months: 6.90% - 4 years 7 months (55 months): 6.90% - 4 years 7 months 1 day to less than 5 years: 6.90% - 5 years 1 day to 10 years: 6.65% [4][6] Tax Deducted at Source (TDS) on FD Interest - TDS will be deducted when interest payable or reinvested on FD exceeds ₹50,000 for general citizens and ₹1,00,000 for senior citizens in a financial year [5][6] - Individuals seeking exemption from TDS must submit Form 15 G/H at the nearest branch or online within the first week of the new financial year [5][6]
Holiday Preview: A Look Into The Consumer
Seeking Alpha· 2025-12-17 08:10
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
Will the Bubble Burst on Artificial Intelligence (AI) Stocks Nvidia and Palantir in 2026? History Weighs in and Offers a Big Clue.
The Motley Fool· 2025-12-17 08:06
Core Insights - The article discusses the potential risks associated with the current AI market, particularly focusing on Nvidia and Palantir as leading companies in this sector [1][3][24] Company Analysis: Nvidia - Nvidia has become a dominant player in the AI space, recently surpassing a market cap of $5 trillion and holding over 90% market share in GPUs deployed in enterprise data centers [2][6] - The company is focused on innovation, with plans to release a new advanced AI chip annually, which may help maintain its competitive edge [7] - Nvidia's CUDA platform enhances customer loyalty by maximizing the potential of its GPUs, particularly in training large language models [9] Company Analysis: Palantir - Palantir's software platforms, Gotham and Foundry, have no direct competitors, providing a unique value proposition that drives sales and profit growth [10][11] - Gotham is utilized by the U.S. government for military planning and data analysis, while Foundry helps businesses streamline operations [10] - Palantir's strong operating cash flow and double-digit sales growth are supported by its competitive advantages in the market [11] Market Trends and Historical Context - The article draws parallels between the current AI boom and past technology bubbles, suggesting that overestimation of technology adoption rates could lead to a bubble-bursting event [13][14] - Historical data indicates that leading companies often experience unsustainable price-to-sales (P/S) ratios, with Nvidia and Palantir currently at P/S ratios of 23 and 120, respectively [19][21] - The article warns that while Nvidia's P/S ratio is below the unsustainable threshold of 30, Palantir's high ratio cannot be justified, indicating potential risks for both companies in the future [21][22]