Share to Twitter Share to Linkedin As seven of the world’s wealthiest nations meet, it has been revealed that billions of dollars in aid for the poorest countries are being rerouted into climate finance, with G7 nations appearing to indulge in what amounts to a form of creative accounting with regard to their international commitments. A new report from the charity CARE shows that, rather than providing additional money to help developing nations respond to climate change as promised under international agreements, wealthy states like the U.S., Canada and France are consistently overreporting the amount of money they’re providing, while diverting money meant for other development programs. In total, CARE found that an estimated $103 billion of climate finance reported by G7 nations has simply been siphoned straight out of development aid budgets, including funds intended for health, education, gender equality and poverty alleviation. Between 2011 and … [Read more...] about As G7 Meets, The World’s Richest Nations Water Down Aid And Climate Finance
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Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas
Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas
U.S. stocks fall after recent big gains; oil, yields rise
- A + A NEW YORK (June 28): U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose. Oil climbed following last week's rout, as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil. Investors have been hoping oil's slide from three-month peaks hit earlier in June could ease overall inflation concerns and allow the U.S. Federal Reserve to tighten policy less aggressively than initially feared. Still, data on Monday showed new orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter. Stocks moved between gains and losses during the session on Wall Street, with big growth shares leading the way down. "It's not shocking given we're in a bear market that last week was a … [Read more...] about U.S. stocks fall after recent big gains; oil, yields rise