Latest news with #yield
Bloomberg
34 minutes ago
- Business
- Bloomberg
Treasuries Fall as Haven Appeal Wanes on US-Japan Trade Deal
By Updated on Save Treasuries were poised to end a five-day streak of gains Wednesday as demand for havens waned after the US inked a trade deal with Japan. The yield on US 10-year debt rose three basis points to 4.38%, halting a week-long slide. Germany's benchmark borrowing costs were three basis points higher at 2.62% ahead of a sale of 10-year debt while UK equivalents were five basis points up at 4.62% following a sale of 15-year securities.
Yahoo
3 hours ago
- Automotive
- Yahoo
Sasol Commits to Next Generation Catalyst Supply for e-SAF Pioneer INERATEC
The introduction of the next generation catalyst will exceed the current capacity and improve the e-kerosene yield by 15% HAMBURG, Germany, July 23, 2025--(BUSINESS WIRE)--Sasol Chemicals, a business of Sasol Ltd. (JSE: SOL: NYSE: SSL), and German startup INERATEC have signed a Letter of Intent (LoI) committing to the supply of Sasol's next generation catalyst as soon as the development cycle is completed in 2026. INERATEC operates the largest Power-to-Liquid (PtL) facility worldwide – called ERA ONE – for the production of e-Waxes and e-Fuels. The facility's annual production target of up to 2,500 tons of sustainable e-Fuels is enabled by Sasol's current state-of-the-art Cobalt FT catalyst. The introduction of the next generation catalyst will allow the facility to exceed the current capacity and improve the e-kerosene yield by 15%. "To date, the necessary feedstocks for e-SAF, such as green hydrogen, are quite scarce," explains Dirk Uys, VP Sales South African Chemicals. "That's why improving yields is the most important lever we have at the moment to make large-scale commercialization feasible." From the earliest tests to the recent plant opening, Sasol Chemicals has provided INERATEC with its benchmark catalysts based on the company's proprietary Fischer-Tropsch know-how. The LoI marks another milestone in the two companies' on-going collaboration, that also extends to the German-South African CARE-O-SENE research project, where both are consortium partners. The large-scale commercialization of sustainable aviation fuels (SAF) is a cornerstone in de-fossilizing air transportation, with commitments from industry, politics and the scientific community to speed up development and commercialization. "This is a fast-developing field. The start-up of ERA ONE early June 2025 is an important signal from INERATEC and we aim to stay a key player in the growing e-SAF market," comments Tim Böltken, Founder and Managing Director INERATEC. "Having an experienced partner like Sasol Chemicals is a hugely important aspect for our ambitions." The Fischer-Tropsch synthesis, on which Sasol's benchmark catalysts are based, was discovered and patented in 1925 by German chemical scientists Franz Fischer and Hans Tropsch. Since the 1950s, Sasol has developed the process as proprietary technology, making the company the world leader in this field. Proven over the last 30 years, Sasol's Cobalt Fischer-Tropsch catalysts are currently the most reliable and effective of their kind. About Sasol Sasol is a global energy and chemicals company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We strive to safely and sustainably source, produce and market a range of high-quality products globally, creating value for our stakeholders. View source version on Contacts Media contact Sunna SchulzSasol International Sign in to access your portfolio
Bloomberg
a day ago
- Business
- Bloomberg
AT1 Yield Hunters Are Skewing the Arcane Math of Risky Bank Debt
A relentless hunt for yield is messing up the intricate bond math in the riskiest type of bank debt. Investors of all stripes are piling into new Additional Tier 1 debt, lured by some of the highest yields among existing bonds, and demand is far outstripping the flood of fresh sales. The problem, according to veterans like AllianceBernstein and NinetyOne is that the new buyers are focusing too much on the high coupons. While that may work for other markets, it doesn't for AT1s.
Crypto Insight
a day ago
- Business
- Crypto Insight
Ether Machine to launch $1.5B institutional ETH yield fund
A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether yield, it announced on Monday. It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine's CEO. Ether Machine aims to 'expand Ethereum's economic security as the base layer for the next era of global finance and computation,' according to its website. The company will be formed through a combination of The Ether Reserve and Dynamix Corp, a Nasdaq-listed special purpose acquisition company. Following this, Ether Machine plans to list on the Nasdaq under the ticker symbol 'ETHM,' with over 400,000 ETH worth more than $1.5 billion under management at launch. Yield focus and Ethereum-native strategy Ether Machine said it aims to hold 'one of the largest onchain ETH positions' of any public company, generating ETH-denominated returns through staking, restaking and managed participation in decentralized finance (DeFi) protocols. The company said it will also offer 'turnkey infrastructure solutions' for enterprises, DAOs and Ethereum-native builders on the blockchain. Cointelegraph has reached out to Ether Machine for more details on the size and scope of the fund's ETH position. The announcement comes amid a growing roster of companies adopting Bitcoin and cryptocurrency treasuries, aiming to bolster shareholder value and attract more investors. On June 19, Nasdaq-listed Lion Group announced a $600 million Hyperliquid token treasury reserve, which debuted with a $10.6 million initial investment. On June 11, Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, announced a $500 million raise to acquire tokens and establish the world's largest corporate AI token treasury, according to the firm. Source:
Yahoo
a day ago
- Business
- Yahoo
Warm weather leads to glut of cherries with larger packs on sale at supermarket
Warm weather has led to the UK's biggest cherry yield in at least three years, a supermarket said, as it introduced larger pack sizes of the fruit for sale due to their abundance. Grower and Tesco supplier Place UK, based in Tunstead near Norwich, Norfolk, said the warm weather had led to a 'wonderful crop'. Tesco has introduced larger 600g and 1kg pack sizes of the cherries, priced at £4.50 and £6 respectively. The supermarket said these offer shoppers better value compared to prices at the start of the season and support growers. Dan Yordanov, head of fresh at Place UK, said: 'It's been a really good season for us so far with the warmest spring on record helping to produce a wonderful crop of cherries – easily the best we've seen for at least three years. 'This has resulted in an abundance of great tasting, perfect British cherries being picked at peak ripeness. 'With this above normal crop we are thankful for Tesco's action, which allows us to avoid waste, and to provide more home-grown, highest quality, nutritious British cherries to be enjoyed by the nation's consumers.' Tesco cherry buyer Olivia Amey said: 'The recent heatwaves have created the biggest UK cherry yield for at least three years with many growers around the country seeing unexpected extra production of about 10 to 15% higher than normal for this time of year. 'The quality of the fruit this year is first class with plump flesh, a firm texture that is juicy and a sweet taste with a slight tartness that perfectly balances the flavour. 'We're very happy to help out our British growers and customers at the same time.' Place UK is one of eight cherry growers across the UK which work with Tesco supplier Driscoll's, with the others based in Herefordshire, Staffordshire, Kent, Fife, Perth and Kinross, and the Scottish Borders. Tesco said this regional diversity supports a longer season and ensures consistent quality by taking advantage of different microclimates across the UK. The UK cherry industry has changed over the past two decades, with more and more British growers seeing better yields by using dwarf root stock, grafted onto new tree varieties. These produce smaller trees which can be grown in plastic tunnels, creating a micro climate with temperatures similar to the Mediterranean and protecting the fruit from any inclement British weather. These new smaller cherry trees can now be picked by workers on foot rather than ladders, enabling British cherries to remain competitively priced. British growers are this year set to produce an estimated 8,000 tonnes of cherries – around four times the harvest in 2018, according to Tesco. In 2015, just 559 tonnes were picked in the UK, it added.
