Latest news with #Total
Washington Post
10 hours ago
- Business
- Washington Post
Putin says he won't allow Russia to fall into recession amid gloomy economy
ST. PETERSBURG — Speaking Friday at an economic forum once set up to court Western companies and showcase Russia as a lucrative investment destination, President Vladimir Putin declared that stagnation and recession in the economy would not be allowed after experts and high-ranking officials warned of a slowdown. The St. Petersburg International Economic Forum, which just over a decade ago hosted energy giants such as BP and Total and announced billion-dollar deals like the Nord Stream 2 pipeline, has had a sparse attendance from Western investors this year. It is an indication of the drastic transformation the Russian has undergone since the full-scale invasion of Ukraine in 2022 as it has shifted to war-footing and Western companies have left in droves.
Yahoo
3 days ago
- Business
- Yahoo
Purpose Investments Inc. Announces June 2025 Distributions
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ('Purpose') is pleased to announce distributions for the month of June 2025 for its open-end exchange traded funds and closed-end funds ('the Funds'). The ex-distribution date for all Open-End Funds is June 26, 2025. The ex-distribution date for all closed-end funds is June 30, 2025. Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Apple (AAPL) Yield Shares Purpose ETF - ETF Units APLY $0.1667 06/26/2025 07/03/2025 Monthly Purpose Canadian Financial Income Fund - ETF Series BNC $0.1225¹ 06/26/2025 07/03/2025 Monthly Purpose Global Bond Fund - ETF Units BND $0.0866 06/26/2025 07/03/2025 Monthly Berkshire Hathaway (BRK) Yield Shares Purpose ETF - ETF Units BRKY $0.1000 06/26/2025 07/03/2025 Monthly Purpose Bitcoin Yield ETF - ETF Units BTCY $0.0850 06/26/2025 07/03/2025 Monthly Purpose Bitcoin Yield ETF - ETF Non-Currency Hedged Units BTCY.B $0.0970 06/26/2025 07/03/2025 Monthly Purpose Bitcoin Yield ETF - ETF USD Units BTCY.U US $0.0815 06/26/2025 07/03/2025 Monthly Purpose Credit Opportunities Fund - ETF Units CROP $0.0875 06/26/2025 07/03/2025 Monthly Purpose Credit Opportunities Fund - ETF USD Units CROP.U US $0.0975 06/26/2025 07/03/2025 Monthly Purpose Ether Yield - ETF Units ETHY $0.0405 06/26/2025 07/03/2025 Monthly Purpose Ether Yield ETF - ETF Non-Currency Hedged Units ETHY.B $0.0500 06/26/2025 07/03/2025 Monthly Purpose Ether Yield ETF - ETF Units Non-Currency Hedged USD Units ETHY.U US $0.0395 06/26/2025 07/03/2025 Monthly Purpose Global Flexible Credit Fund - ETF Units FLX $0.0461 06/26/2025 07/03/2025 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged - ETF Units FLX.B $0.0551 06/26/2025 07/03/2025 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged USD - ETF Units FLX.U US $0.0385 06/26/2025 07/03/2025 Monthly Purpose Global Bond Class - ETF Units IGB $0.0860¹ 06/26/2025 07/03/2025 Monthly Microsoft (MSFT) Yield Shares Purpose ETF - ETF units MSFY $0.1300 06/26/2025 07/03/2025 Monthly Purpose Active Balanced Fund - ETF Units PABF $0.1650 06/26/2025 07/03/2025 Quarterly Purpose Active Conservative Fund - ETF Units PACF $0.1900 06/26/2025 07/03/2025 Quarterly Purpose Active Growth Fund - ETF Units PAGF $0.1550 06/26/2025 07/03/2025 Quarterly Purpose Enhanced Premium Yield Fund - ETF Series PAYF $0.1375¹ 06/26/2025 07/03/2025 Monthly Purpose Total Return Bond Fund - ETF Series PBD $0.0590¹ 06/26/2025 07/03/2025 Monthly Purpose Core Dividend Fund - ETF Series PDF $0.1050¹ 06/26/2025 07/03/2025 Monthly Purpose Enhanced Dividend Fund - ETF Series PDIV $0.0950¹ 06/26/2025 07/03/2025 Monthly Purpose Real Estate Income Fund - ETF Series PHR $0.0720¹ 06/26/2025 07/03/2025 Monthly Purpose International Tactical Hedged Equity Fund - ETF Series PHW $0.1500 06/26/2025 07/03/2025 Quarterly Purpose International Dividend Fund - ETF Series PID $0.0780 06/26/2025 07/03/2025 Monthly Purpose Monthly Income Fund - ETF Series PIN $0.0830¹ 06/26/2025 07/03/2025 Monthly Purpose Multi-Asset Income Fund - ETF Units PINC $0.0840 06/26/2025 07/03/2025 Monthly Purpose Diversified Real Asset Fund - ETF Series PRA $0.2100 06/26/2025 07/03/2025 Quarterly Purpose Conservative Income Fund - ETF Series PRP $0.0600¹ 06/26/2025 07/03/2025 Monthly Purpose Premium Yield Fund - ETF Series PYF $0.1100¹ 06/26/2025 07/03/2025 Monthly Purpose Premium Yield Fund Non-Currency Hedged - ETF Series PYF.B $0.1230¹ 06/26/2025 07/03/2025 Monthly Purpose Premium Yield Fund Non-Currency Hedged - ETF USD Series PYF.U US $0.1200¹ 06/26/2025 07/03/2025 Monthly Purpose Core Equity Income Fund - ETF Series RDE $0.0875¹ 06/26/2025 07/03/2025 Monthly Purpose Emerging Markets Dividend Fund - ETF Units REM $0.0950 06/26/2025 07/03/2025 Monthly Purpose Canadian Preferred Share Fund - ETF Units RPS $0.0950 06/26/2025 07/03/2025 Monthly Purpose US Preferred Share Fund - ETF Series RPU $0.0940 06/26/2025 07/03/2025 Monthly Purpose US Preferred Share Fund Non-Currency Hedged - ETF Units2 RPU.B / RPU.U $0.0940 06/26/2025 07/03/2025 Monthly Purpose Strategic Yield Fund - ETF Units SYLD $0.0970 06/26/2025 07/03/2025 Monthly AMD (AMD) Yield Shares Purpose ETF - ETF Series YAMD $0.2500 06/26/2025 07/03/2025 Monthly Amazon (AMZN) Yield Shares Purpose ETF- ETF Units YAMZ $0.4000 06/26/2025 07/03/2025 Monthly Broadcom (AVGO) Yield Shares Purpose ETF - ETF Series YAVG $0.1800 06/26/2025 07/03/2025 Monthly Coinbase (COIN) Yield Shares Purpose ETF - ETF Series YCON $0.3000 06/26/2025 07/03/2025 Monthly Costco (COST) Yield Shares Purpose ETF - ETF Series YCST $0.1200 06/26/2025 07/03/2025 Monthly Alphabet (GOOGL) Yield Shares Purpose ETF - ETF Units YGOG $0.2500 06/26/2025 07/03/2025 Monthly Tech Innovators Yield Shares Purpose ETF - ETF Series YMAG $0.2000 06/26/2025 07/03/2025 Monthly META (META) Yield Shares Purpose ETF - ETF Series YMET $0.2400 06/26/2025 07/03/2025 Monthly Netflix (NFLX) Yield Shares Purpose ETF - ETF Series YNET $0.1500 06/26/2025 07/03/2025 Monthly NVIDIA (NVDA) Yield Shares Purpose ETF - ETF Units YNVD $0.7500 06/26/2025 07/03/2025 Monthly Palantir (PLTR) Yield Shares Purpose ETF - ETF Series YPLT $0.2500 06/26/2025 07/03/2025 Monthly Tesla (TSLA) Yield Shares Purpose ETF - ETF Units YTSL $0.5500 06/26/2025 07/03/2025 Monthly UnitedHealth Group (UHN) Yield Shares Purpose ETF - ETF Series YUNH $0.1100 06/26/2025 07/03/2025 Monthly Closed-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Big Banc Split Corp, Class A BNK $0.1200¹ 06/30/2025 07/14/2025 Monthly Big Banc Split Corp - Preferred Shares $0.0700¹ 06/30/2025 07/14/2025 Monthly Estimated June 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund The June 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows: Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency Purpose USD Cash Management Fund - ETF Units MNU.U US $0.3405 06/26/2025 07/03/2025 Monthly Purpose Cash Management Fund - ETF Units MNY $0.2175 06/26/2025 07/03/2025 Monthly Purpose High Interest Savings Fund - ETF Units PSA $0.1030 06/26/2025 07/03/2025 Monthly Purpose US Cash Fund - ETF Units PSU.U US $0.3375 06/26/2025 07/03/2025 Monthly Purpose expects to issue a press release on or about June 25, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be June 26, 2025. Dividend is designated as an 'eligible' Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $21 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact:Keera Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be in to access your portfolio
Business Times
5 days ago
- Business
- Business Times
TotalEnergies raises Malaysian gas stake in partnership with Petronas
[KUALA LUMPUR/PARIS] French energy giant TotalEnergies has acquired further stakes in Malaysian gas assets from the country's national producer Petronas, CEO Patrick Pouyanne said on Monday (Jun 16). The French energy company has been expanding its presence in gas in Asia, where it sees greater potential for sales growth as the European Union seeks to shift energy consumption towards renewables by the middle of the century. Pouyanne said at the Energy Asia conference in Kuala Lumpur the company was announcing a deal to double its gas stake in Malaysia 'because it's just perfectly located to produce energy and to serve the market'. Total will hold new interests in multiple offshore blocks, including a 50 per cent operated stake in blocks SK301b and SK313, where gas discoveries exceeding four trillion cubic feet were made. That gas will be developed to supply Malaysia LNG from 2030, according to a company statement. Petronas and TotalEnergies also signed a strategic cooperation agreement to partner in exploration and production globally. As part of that, Petronas has ceded to Total a 24.5 per cent interest in its Bobara block offshore Indonesia, which the pair will explore for oil. 'Together we will pursue and develop advantaged barrels across Malaysia's and Indonesia's frontier emerging exploration blocks,' Petronas CEO Tan Sri Tengku Taufik said. Last year TotalEnergies acquired 100 per cent of SapuraOMV Upstream, an independent gas producer in Malaysia whose main assets are operating interests in offshore blocks SK408 (40 per cent) and SK310 (30 per cent). The French company also signed liquefied natural gas contracts worth about six million tonnes in 2024, mostly to Asian clients, which Pouyanne on Monday said formed 'the core' of Total's LNG business as sales to Europe diminish over time. REUTERS
The Sun
5 days ago
- Business
- The Sun
TNB earmarks RM43 bln to upgrade national grid with AI, battery storage systems
KUALA LUMPUR: National utility company Tenaga Nasional Bhd has committed RM43 billion to upgrade the national grid infrastructure, said Prime Minister Datuk Seri Anwar Ibrahim. He said that the upgrade will incorporate artificial intelligence and battery energy storage systems to build greater resilience and flexibility for the future. 'We must invest in improving efficiency and reducing emissions within our existing energy systems, a formidable task, given that fossil fuels still account for nearly 80 per cent of global supply. 'Most importantly, this transition must be anchored in equity,' the prime minister said in his keynote address at the Energy Asia 2025 conference today. Anwar also issued a reminder that decarbonisation efforts that ignore the needs of the poor and vulnerable risk deepening inequality. Touching on ASEAN, he highlighted that the bloc has already laid the groundwork for this pragmatic pathway through the ASEAN Carbon Capture and Storage (CCS) Deployment Framework and Roadmap, which aims to streamline policies and facilitate the flow of capital and carbon across borders. 'Malaysia is doing its part. Earlier this year, we passed the Carbon Capture, Utilisation and Storage Bill 2025 to provide a regulatory foundation for this emerging sector. 'Petronas is leading the charge with plans to develop three CCS hubs in our offshore waters, serving not just the oil and gas sector but also other hard-to-abate industries,' he said. Anwar added that Malaysia's CCS efforts involve more than 10 international partners, including Japan, South Korea, and global energy firms such as Total and Shell. 'Petronas is also working with ENEOS Corporation, Mitsubishi and JX Nippon to explore the transportation and storage of carbon dioxide from the Tokyo Bay area to Malaysia. This positions CCS not only as a vital decarbonisation tool but also as a promising new revenue stream for the region,' he said. The Energy Asia 2025 conference, with the theme 'Delivering Asia's Energy Transition', taking place from June 16 to 18, is an opportune moment for Malaysia and the region to take stock of progress made towards energy transition objectives and reinforce national commitments to achieving net-zero goals. The conference is timely, coming at a critical juncture in economic diversification and sustainable development as nations transition from traditional oil to renewable energy and embrace new technologies such as hydrogen and carbon capture.
New Straits Times
5 days ago
- Business
- New Straits Times
TNB earmarks RM43bil to upgrade national grid with AI, battery storage systems
KUALA LUMPUR: National utility company Tenaga Nasional Bhd has committed RM43 billion to upgrade the national grid infrastructure, said Prime Minister Datuk Seri Anwar Ibrahim. He said that the upgrade will incorporate artificial intelligence and battery energy storage systems to build greater resilience and flexibility for the future. "We must invest in improving efficiency and reducing emissions within our existing energy systems, a formidable task, given that fossil fuels still account for nearly 80 per cent of global supply. "Most importantly, this transition must be anchored in equity," the prime minister said in his keynote address at the Energy Asia 2025 conference today. Anwar also issued a reminder that decarbonisation efforts that ignore the needs of the poor and vulnerable risk deepening inequality. Touching on ASEAN, he highlighted that the bloc has already laid the groundwork for this pragmatic pathway through the ASEAN Carbon Capture and Storage (CCS) Deployment Framework and Roadmap, which aims to streamline policies and facilitate the flow of capital and carbon across borders. "Malaysia is doing its part. Earlier this year, we passed the Carbon Capture, Utilisation and Storage Bill 2025 to provide a regulatory foundation for this emerging sector. "Petronas is leading the charge with plans to develop three CCS hubs in our offshore waters, serving not just the oil and gas sector but also other hard-to-abate industries," he said. Anwar added that Malaysia's CCS efforts involve more than 10 international partners, including Japan, South Korea, and global energy firms such as Total and Shell. "Petronas is also working with ENEOS Corporation, Mitsubishi and JX Nippon to explore the transportation and storage of carbon dioxide from the Tokyo Bay area to Malaysia. This positions CCS not only as a vital decarbonisation tool but also as a promising new revenue stream for the region," he said. The Energy Asia 2025 conference, with the theme "Delivering Asia's Energy Transition", taking place from June 16 to 18, is an opportune moment for Malaysia and the region to take stock of progress made towards energy transition objectives and reinforce national commitments to achieving net-zero goals. The conference is timely, coming at a critical juncture in economic diversification and sustainable development as nations transition from traditional oil to renewable energy and embrace new technologies such as hydrogen and carbon capture.
