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Paris Climate Deal Is Great For Solar & Wind, But A $46 Trillion Hit To Fossil Fuels
2015-12-19 05:36:00| Climate Ark Climate Change & Global Warming Newsfeed
Clean Technica: The fossil fuel industry is facing a $US33 trillion ($A45.8 trillion) hit to its expected revenues over the next 20 years, following the dramatic and unexpected result of the Paris climate change conference last weekend. Energy analysts from the UK-based investment bank Barclays said the Paris deal, which aims to cap global warming well below 2°C, with an aspirational target of 1.5°C, will result in a boost to renewable energy, and will cause a rethink from investors about new investments in fossil...
Asia markets hit as oil sinks and Fed effect wears off
2015-12-18 22:19:09| Energy - Topix.net
Asian stock markets fell back on Friday after a two-day rally boosted by the Federal Reserve's interest rate hike, as the rout in oil prices returned to centre stage, with commodity-linked shares again taking a hit. Exchanges from New York and Sao Paolo to London and Tokyo cheered the Fed's widely-expected decision Wednesday to lift borrowing costs for the first time in almost a decade, which was taken as a sign of its confidence in the world's top economy.
Japan's shares hit by BoJ comments
2015-12-18 09:13:20| BBC News | Business | UK Edition
Japan's Nikkei closes nearly 2% lower following comments from the central bank that further stimulus measures will not be put in place for the moment.
Mainstream organic food hurts specialty grocers; Fairway hardest hit
2015-12-18 07:32:17| Grocery - Topix.net
Dec 18 Two years after going public as a fund managers' favorite, New York City-area specialty grocer Fairway Group Holdings Corp now sees its shares selling for less than a pack of organic gum. At around 70 cents per share, the company is down 94 percent from its April 2013 initial public offering price and is in danger of being delisted from the Nasdaq for trading below $1 for 30 consecutive days.
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Asia markets hit as oil sinks and Fed effect wears off
2015-12-18 06:29:47| Oil & Gas - Topix.net
Asian stock markets fell back on Friday after a two-day rally boosted by the Federal Reserve's interest rate hike, as the rout in oil prices returned to centre stage, with commodity-linked shares again taking a hit. Exchanges from New York and Sao Paolo to London and Tokyo cheered the Fed's widely-expected decision Wednesday to lift borrowing costs for the first time in almost a decade, which was taken as a sign of its confidence in the world's top economy.
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