This simple visual tool can help you set financial goals you’ll actually achieve in 2020

Kumiko Love, founder of financial advice website The Budget Mom, knows this well. Within eight months of getting serious about eliminating her debt, Love, who’s a single mom to a 6-year-old son, paid off $77,281. Source: The Budget Mom “Having a reminder, something you can see every day, helps me stay motivated,” Love tells CNBC Make It. Any time you experience a major life change, your financial goals should be reevaluated. “Any time you experience a major life change, your financial goals shou


Kumiko Love, founder of financial advice website The Budget Mom, knows this well.
Within eight months of getting serious about eliminating her debt, Love, who’s a single mom to a 6-year-old son, paid off $77,281.
Source: The Budget Mom “Having a reminder, something you can see every day, helps me stay motivated,” Love tells CNBC Make It.
Any time you experience a major life change, your financial goals should be reevaluated.
“Any time you experience a major life change, your financial goals shou
This simple visual tool can help you set financial goals you’ll actually achieve in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna hecht
Keywords: news, cnbc, companies, simple, set, visual, tool, debt, financial, budget, writing, youll, love, youve, achieve, mom, goal, actually, help, goals, steps


This simple visual tool can help you set financial goals you'll actually achieve in 2020

When it comes to reaching your financial goals, there’s real merit to writing everything down, from your total debt to your budgeting plan to your spending patterns. Kumiko Love, founder of financial advice website The Budget Mom, knows this well. Within eight months of getting serious about eliminating her debt, Love, who’s a single mom to a 6-year-old son, paid off $77,281. She declared herself completely debt-free in January 2019. Through her blog turned full-time business, Love publicly documented her own debt journey using color-coded charts, worksheets and calendars to track and display her progress. Now, she employs these same visual tools to teach her followers money tips and tricks.

The Budget Mom

One visual tool Love recommends is her three-part “Budget Blueprint Goal Worksheet,” which allows you to record and organize your financial aspirations, such as building up an emergency savings, paying off student loans or making a big purchase, for the upcoming year, the next five years and 10 to 15 years down the line. Source: The Budget Mom “Having a reminder, something you can see every day, helps me stay motivated,” Love tells CNBC Make It. “Writing it down and creating action steps on how to achieve them turns your wants into reality. All of a sudden, you know exactly where to spend your money and why.” Follow these three steps to set actionable — and achievable — money goals for the new year.

1. Think about what’s important to you

Prior to writing anything down, Love says to first think about what is important to you. Do you want to buy a new car or house? Do you want to pay off all of your credit card debt? Maybe you simply want to take a vacation next year. Whatever it is, think about the aspirations you have, no matter how big or small, which will require financial planning in order to accomplish.

Any time you experience a major life change, your financial goals should be reevaluated. Kumiko Love Founder of The Budget Mom

2. Create step-by-step strategies

Next, get your goals down on paper. You can tackle your short-term or long-term goals in any order, but make sure you’re detailed when writing down what you want and how you’ll make it happen. “A goal isn’t a reality until you can write down action steps on how you are going to achieve it. Until then, they are just intentions,” Love said. “For each goal, I want you to write down specific actions steps.” If she were tackling the short-term goal of paying off debt, Love would write something along the lines of: “Pay off debt by tackling my student loans first. I will put $500 monthly towards my student loans for the next 24 months.” As you’re working, ask yourself these three questions: Are my goals specific? Are they measurable? Are they achievable?

3. Reflect on what you’ve written

Once you’ve filled out all three parts of the worksheet, reflect on what you’ve written. Taking a moment to read them over once more allows you more time to make sure you’re satisfied with your goals and to let them sink in. And to motivate yourself to follow through, hang it somewhere around the house where you can see and revisit your goals as regularly as possible. Remember, this worksheet isn’t meant to be set aside once you’ve completed it. You should revisit this sheet periodically, Love said. “Any time you experience a major life change, your financial goals should be reevaluated.”

The new year is the perfect time to start making solid financial solutions that can lead to lasting change in your life. Kumiko Love Founder of The Budget Mom


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna hecht
Keywords: news, cnbc, companies, simple, set, visual, tool, debt, financial, budget, writing, youll, love, youve, achieve, mom, goal, actually, help, goals, steps


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When is a credit card payment considered late?

But how much you’ll be dinged for a late payment depends on the kind of credit card you have. Below, CNBC Select breaks down when a credit card payment is considered late and how you can prevent late payments. When is your credit card payment considered late? A credit card payment can’t be considered late if it was received by 5 p.m. on the day that it was due, according to the CARD Act. How to prevent late credit card paymentsFollow the steps below to avoid late credit card payments in the futu


But how much you’ll be dinged for a late payment depends on the kind of credit card you have.
Below, CNBC Select breaks down when a credit card payment is considered late and how you can prevent late payments.
When is your credit card payment considered late?
A credit card payment can’t be considered late if it was received by 5 p.m. on the day that it was due, according to the CARD Act.
How to prevent late credit card paymentsFollow the steps below to avoid late credit card payments in the futu
When is a credit card payment considered late? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: alexandria white
Keywords: news, cnbc, companies, payment, day, card, payments, set, considered, credit, date, bill, late


When is a credit card payment considered late?

When you’re juggling multiple bills each month, it can be easy to forget when a credit card payment is due. And if you have more than one credit card, it can be even more difficult to keep track of all the different dates. Inevitably, we all miss a bill from time to time. But how much you’ll be dinged for a late payment depends on the kind of credit card you have. Below, CNBC Select breaks down when a credit card payment is considered late and how you can prevent late payments.

When is your credit card payment considered late?

Credit card payments are due the same day and time every month, often 5 p.m. or later. A credit card payment can’t be considered late if it was received by 5 p.m. on the day that it was due, according to the CARD Act. Some card issuers may set a later due date if you pay your bill online, giving you even more time pay. For example, if you have a Chase credit card, such as the Chase Sapphire Preferred®, you have until 11:59 p.m. ET to make your payment online. It’s important to review the terms of your credit card to find out the exact cutoff time for when a payment is considered on time versus late.

Late payments vary by time zones

When you make a payment you’ll often notice a time zone in the fine print. This is for cardholders who may not be in the same time zone as the credit card issuer. This is an important detail to pay attention to since it can potentially cause your payment to be considered late. For example, if you’re on the west coast, but your card issuer is based on the east coast, your late payment time is different. A 5 p.m. ET cutoff is equivalent to 2 p.m. PT. If you’re worried about time zone issues, pay your bill a few days before it’s due.

What happens when your bill is due on a weekend or holiday?

If your credit card bill due date falls on a weekend or holiday, there are some circumstances where it can still be considered on time if your payment is received by the next business day. According to the CFPB, if the due date is a day that the card issuer doesn’t receive or accept mail, such as a Sunday or a national holiday, they can’t consider a mailed payment as late if it was received by 5 p.m. on the next business day. Be aware that card issuers look at the day it was received, not postmarked. So even if you mail a payment before the due date, if it gets delayed in the mail, it will still be considered late. If you make an online or phone payment, it must be done by the due date. Online and phone payments made the next business day will be considered late.

How to prevent late credit card payments

Follow the steps below to avoid late credit card payments in the future: Set up autopay The easiest way to prevent late payments is to set up autopay. It can take less than a minute, and you can benefit from peace of mind that your credit card payment is scheduled. Autopay can be set up for the minimum payment due, your total statement balance or another amount. We recommend setting it for your total statement balance so you avoid interest charges, but if that’s not possible choose at least autopay the minimum due. Set payment reminders If autopay isn’t for you, you can set calendar reminders or text and email alerts. Many card issuers let you opt into reminders for when your statement is available, when your payment is due in a set number of days, when your payment posts and more. Note that these options may vary by issuer. Change your payment due date If you have more than one bill to pay, odds are your due dates are spread out over the month. This may increase your chances of making a late payment, so it can be a good idea to adjust your payment due dates as needed. It may be beneficial to have them all on the same day or right after you get paid. Find out more about what happens when you miss a credit card payment. Looking for a new credit card? Check out CNBC Select’s Best Credit Cards of 2019.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: alexandria white
Keywords: news, cnbc, companies, payment, day, card, payments, set, considered, credit, date, bill, late


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Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%. Futures pointed to a higher open for Japanese stocks. Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside. Overnight stateside, stocks ended the session on Wall Street little changed. The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement


Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.
Futures pointed to a higher open for Japanese stocks.
Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.
Overnight stateside, stocks ended the session on Wall Street little changed.
The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement
Asia stocks set to inch higher ahead of US payrolls data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,325 while its counterpart in Osaka was at 23,330. The Nikkei 225 last closed at 23,300.09.

Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.

Overnight stateside, stocks ended the session on Wall Street little changed. The Dow Jones Industrial Average gained just 28.01 points to 27,677.79 while the S&P 500 added 0.16% to 3,117.43. The Nasdaq Composite gained less than 0.1% to 8,570.70.

Investors will await the release of the U.S. governments monthly nonfarm payrolls report expected at 9:30 p.m. HK/SIN on Friday. That would come following a disappointing private payrolls number released Wednesday, and also on the back of the Labor Department saying Thursday that U.S. weekly jobless claims dropped 203,000 last week — the lowest in seven months.

Markets have seen a rocky start to December amid conflicting headlines on the U.S.-China trade front ahead of a closely watched date of Dec. 15 when additional tariffs on Chinese exports to the U.S. go into effect.

The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement over the size of China’s agriculture purchases. Meanwhile, China has given little indication on how negotiations with the U.S. are progressing. Earlier in the week, markets were sent into a frenzy after U.S. President Donald Trump said he may delay a trade deal with China till after the 2020 U.S. presidential election

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.388 after slipping from levels above 98.0 earlier in the trading week.

The Japanese yen traded at 108.73 per dollar after strengthening from levels above 108.8 yesterday. The Australian dollar changed hands at $0.683 after rising from levels below $0.678 earlier in the week.

What’s on tap:


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


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Wall Street set for a higher open

Wall Street set for a higher open1 Hour AgoU.S. stock index futures were higher on Friday ahead of the November jobs report and on news that China offered to waive tariffs on some U.S. soybeans and pork. CNBC’s Frank Holland reports.


Wall Street set for a higher open1 Hour AgoU.S. stock index futures were higher on Friday ahead of the November jobs report and on news that China offered to waive tariffs on some U.S. soybeans and pork.
CNBC’s Frank Holland reports.
Wall Street set for a higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, set, higher, stock, soybeans, waive, tariffs, wall, reports, open, street, report


Wall Street set for a higher open

Wall Street set for a higher open

1 Hour Ago

U.S. stock index futures were higher on Friday ahead of the November jobs report and on news that China offered to waive tariffs on some U.S. soybeans and pork. CNBC’s Frank Holland reports.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, set, higher, stock, soybeans, waive, tariffs, wall, reports, open, street, report


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Oil on track for weekly gain as OPEC+ set to confirm supply cut

Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna. OPEC’s current agreement is a supply cut of 1.2 million bpd and the increased amount represents about 1.7% of global oil output. Any price gains from the OPEC+ output cut are likely to benefit American producers not party to any supply curbing agreement. “North American shale supply will continue growing even in an environment with lower oil prices,” Rystad Energy said in a note


Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna.
OPEC’s current agreement is a supply cut of 1.2 million bpd and the increased amount represents about 1.7% of global oil output.
Any price gains from the OPEC+ output cut are likely to benefit American producers not party to any supply curbing agreement.
“North American shale supply will continue growing even in an environment with lower oil prices,” Rystad Energy said in a note
Oil on track for weekly gain as OPEC+ set to confirm supply cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, supply, oil, bpd, set, production, prices, opec, saudi, gain, cuts, confirm, weekly, track, global, cut


Oil on track for weekly gain as OPEC+ set to confirm supply cut

A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas.

Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna.

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia – a grouping known as OPEC+ – agreed on Thursday to more output cuts to avert oversupply as economic growth stagnates amid the U.S.-China trade war.

But OPEC stopped short of pledging action beyond March and analysts have questioned the impact of the latest curbs.

Brent futures were down 18 cents at $63.21, but are set to rise 1.5% on the week.

West Texas Intermediate oil futures fell 33 cents to $58.10 a barrel. They are set to rise nearly 6% on the week.

The cuts next year will expand the existing agreement by an extra 500,000 barrels per day (bpd) reduction in the first quarter next year, through tighter compliance and some adjustments. OPEC’s current agreement is a supply cut of 1.2 million bpd and the increased amount represents about 1.7% of global oil output.

“If we were to have an outcome of an extension of cuts with only the official quota of the OPEC+ group being reviewed lower (the 500,000 bpd), rather than actual production, then the change in supply policy would be cosmetic (given below target production in some countries, notably Saudi Arabia and Angola),” said Harry Tchilinguirian, global oil strategist at BNP Paribas.

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday.

Any price gains from the OPEC+ output cut are likely to benefit American producers not party to any supply curbing agreement. American drillers have been breaking production records even as they cut the number of oil rigs in operation, filling gaps in global supplies.

“North American shale supply will continue growing even in an environment with lower oil prices,” Rystad Energy said in a note.

Higher oil prices are also supporting the initial public offering of Saudi Arabia’s state-owned oil company, Saudi Aramco, which priced its shares on Thursday at the top of an indicated range.

The sale was the world’s biggest initial public offering (IPO), beating Alibaba Group Holdings’ $25 billion listing in 2014, but fell short of a $2 trillion valuation for Aramco sought by Saudi Crown Prince Mohammed bin Salman.

Foreign investors stayed away and the sale was restricted to Saudi individuals and regional investors.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, supply, oil, bpd, set, production, prices, opec, saudi, gain, cuts, confirm, weekly, track, global, cut


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Asia stocks set to trade higher amid trade confusion

Stocks in Asia were set to trade higher on Thursday as investors digest recent developments on U.S.-China trade. Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,350 while its counterpart in Osaka was at 23,360. Meanwhile, shares in Australia jumped in early trade after leading losses among regional markets on Wednesday, with the S&P/ASX 200 gaining about 1%. Investors will watch for the release of Australia’s merchandise trade and retail sa


Stocks in Asia were set to trade higher on Thursday as investors digest recent developments on U.S.-China trade.
Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,350 while its counterpart in Osaka was at 23,360.
Meanwhile, shares in Australia jumped in early trade after leading losses among regional markets on Wednesday, with the S&P/ASX 200 gaining about 1%.
Investors will watch for the release of Australia’s merchandise trade and retail sa
Asia stocks set to trade higher amid trade confusion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, spasx, watch, stocks, nikkei, amid, trade, tradefutures, asia, confusion, set, higher, uschina, investors


Asia stocks set to trade higher amid trade confusion

Stocks in Asia were set to trade higher on Thursday as investors digest recent developments on U.S.-China trade.

Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,350 while its counterpart in Osaka was at 23,360. The Nikkei 225 last closed at 23,135.23.

Meanwhile, shares in Australia jumped in early trade after leading losses among regional markets on Wednesday, with the S&P/ASX 200 gaining about 1%. Investors will watch for the release of Australia’s merchandise trade and retail sales data for October, set to be released around 8:30 a.m. HK/SIN.

On the economic front, the Reserve Bank of India is expected to announce its interest rate decision at 2:15 p.m. HK/SIN.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, spasx, watch, stocks, nikkei, amid, trade, tradefutures, asia, confusion, set, higher, uschina, investors


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France set for its biggest strike in decades as workers protest pension reforms

JOEL SAGET | AFP | Getty ImagesFrance is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system. Prior to his election in 2017, President Emmanuel Macron vowed to reform France’s pension system. Previous attempts to change the pension system have also been met with strong opposition from public sector workers. In 1995, President Jacques Chirac ended up caving into union demands after his pension reform plans faced weeks of demons


JOEL SAGET | AFP | Getty ImagesFrance is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system.
Prior to his election in 2017, President Emmanuel Macron vowed to reform France’s pension system.
Previous attempts to change the pension system have also been met with strong opposition from public sector workers.
In 1995, President Jacques Chirac ended up caving into union demands after his pension reform plans faced weeks of demons
France set for its biggest strike in decades as workers protest pension reforms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, reforms, set, decades, reform, retirement, system, paris, transport, biggest, public, protest, strike, pension, michalski, workers, france


France set for its biggest strike in decades as workers protest pension reforms

A picture taken on December 5, 2019 shows a view of the Gare du Nord in Paris during a strike of Paris public transports operator RATP employees over French government’s plan to overhaul the country’s retirement system, in Paris, as part of a national general strike. JOEL SAGET | AFP | Getty Images

France is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system. The main impact of the strike is being felt on the transport networks and schools. The French national rail company, SNCF, canceled 90% of its trains on Thursday; the Parisian metro closed 11 out of its 16 lines; and the Eurostar is operating with a reduced timetable. France’s education ministry expects 55% of its teaching staff to go on strike nationwide. There are also about 250 official demonstrations scheduled across the country.

Why are they striking?

Prior to his election in 2017, President Emmanuel Macron vowed to reform France’s pension system. He believes the current arrangement is unfair, complex and costly. According to OECD data, France’s retirement system is one of the most expensive in the world, costing the government 14% of the country’s GDP (gross domestic product). Macron is now pushing for a single, points-based system. At the moment, there are 42 different pension plans that vary according to profession and region, meaning some workers are entitled to a full pension before the general minimum retirement age of 62. The new system would mean that pensioners that contributed the same amount would have equal rights.

Tomasz Michalski, professor of economics at HEC Paris business school, told CNBC Thursday that for every 10 euros that a worker earns in income, that person will get one point under the new system. “But how will these points be translated into benefits?,” Michalski wondered. The full details of Macron’s reforms have not yet been officially put to Parliament. Thursday’s strike is pre-emptive action and does not have an end date, meaning it could last for some time. Previous attempts to change the pension system have also been met with strong opposition from public sector workers. In 1995, President Jacques Chirac ended up caving into union demands after his pension reform plans faced weeks of demonstrations.

Who are the winners and losers?

However, not every worker is unhappy about the expected pension reform. Michalski, who’s based in Paris, said that Macron’s base, those with high-paying jobs, and also people that enter and leave the workforce often will be the “winners” of a point-based system. However, transport workers argue that the new system would mean they would have to work longer into old age or see their pension reduced. It is yet unclear how Macron might react to the strike action. Public support seems to be behind the strikers rather than the government — one opinion poll predicted 69% of the public supported the demonstrations, according to the BBC. However, Michalski from HEC business school said: “If you are working from home with your kids (because transport is limited and schools are closed), you will be angry.”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, reforms, set, decades, reform, retirement, system, paris, transport, biggest, public, protest, strike, pension, michalski, workers, france


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France’s Orange plans to set up European mobile mast company

Bigger rivals Deutsche Telekom and Britain’s Vodafone have separated their mast mobile assets and are seeking to sell part of them via a listing or a private sale. Shares in Vodafone, the world’s second-largest mobile operator, rose as much as 10% when it announced plans to spin off its mobile masts. France’s former telecoms monopoly said that it owned about 40,000 towers of its mobile network on the continent. The Paris-based company will retain control over all these new entities and is hoping


Bigger rivals Deutsche Telekom and Britain’s Vodafone have separated their mast mobile assets and are seeking to sell part of them via a listing or a private sale.
Shares in Vodafone, the world’s second-largest mobile operator, rose as much as 10% when it announced plans to spin off its mobile masts.
France’s former telecoms monopoly said that it owned about 40,000 towers of its mobile network on the continent.
The Paris-based company will retain control over all these new entities and is hoping
France’s Orange plans to set up European mobile mast company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, european, towers, mobile, share, mast, spains, company, selling, vodafone, set, billion, plans, telecoms, orange, frances, value


France's Orange plans to set up European mobile mast company

Orange said it planned to carve out its mobile towers in most European countries where it is present, in a move aimed at shoring up the telecom group’s value as tough competition in the region has hampered its growth and margins.

The French telecoms operator is following similar moves by other European companies that are looking at selling mobile networks as in valuations for infrastructure assets sky-rocket amid growing appetite from investors, such as U.S. private equity firm KKR and Spain’s Cellnex.

Bigger rivals Deutsche Telekom and Britain’s Vodafone have separated their mast mobile assets and are seeking to sell part of them via a listing or a private sale.

Shares in Vodafone, the world’s second-largest mobile operator, rose as much as 10% when it announced plans to spin off its mobile masts.

“Today, we believe that the value of our all of our networks isn’t reflected in our stock prices,” Orange Chief Executive Stephane Richard said.

Orange’s mobile towers could be worth around 10 billion euros ($11 billion), analysts have estimated, while Citi said their value may reach 13 billion euros, or 20 times the operating results generated by towers.

France’s former telecoms monopoly said that it owned about 40,000 towers of its mobile network on the continent. The first “TowerCos” will be created in France and Spain, the company’s two biggest markets, in 2020.

The Paris-based company will retain control over all these new entities and is hoping to eventually merge them into a European company. This entity will also be majority-owned by Orange.

The group also said it was selling 1,500 mobile masts to Spain’s Cellnex for 260 million euros.

The divestments were part of Orange’s five-year strategic plan, in which it said it would share the deployment of high-speed fibre broadband technology with other operators through dedicated companies that could be opened up to outside investors.

Orange shares fell 3.8% in early trade, with some traders citing disappointment over the company’s dividend outlook. It said it will pay out a minimum annual dividend of 70 cents per share over the period.


Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, european, towers, mobile, share, mast, spains, company, selling, vodafone, set, billion, plans, telecoms, orange, frances, value


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Here’s what each NATO country contributes financially to the world’s strongest military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough. Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014. “So we’re paying 4 to 4.3% when Germany’s payin


WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough.
Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending.
In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014.
“So we’re paying 4 to 4.3% when Germany’s payin
Here’s what each NATO country contributes financially to the world’s strongest military alliance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: amanda macias nate rattner, amanda macias, nate rattner
Keywords: news, cnbc, companies, worlds, spending, london, strongest, heres, alliance, paying, meeting, trump, gdp, military, financially, set, spends, country, allies, contributes, nato


Here's what each NATO country contributes financially to the world's strongest military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough.

Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014.

“So we’re paying 4 to 4.3% when Germany’s paying 1 to 1.2% at max 1.2% of a much smaller GDP. That’s not fair,” Trump said Tuesday.

According to the latest NATO figures, the U.S. spends less than Trump noted, at 3.42% of GDP on defense while Germany now spends 1.38%, which is an increase of about 11% from last year.

Germany is only one of 19 NATO members that have not met the 2% GDP spending goal set at the 2014 NATO summit in Wales.

Read more: Three charts that show why Trump thinks NATO is a bad deal

Ahead of the leaders meeting in London, NATO Secretary Jens Stoltenberg announced that defense spending across European allies and Canada increased in real terms by 4.6 % in 2019 — making this the fifth consecutive year of growth.

Stoltenberg also said that by the end of 2020, allies will have invested $130 billion more since 2016.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: amanda macias nate rattner, amanda macias, nate rattner
Keywords: news, cnbc, companies, worlds, spending, london, strongest, heres, alliance, paying, meeting, trump, gdp, military, financially, set, spends, country, allies, contributes, nato


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Repsol says it will be carbon neutral by 2050, becoming the first oil major to make a pledge of this kind

In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. Additionally, Repsol plans to increase production of low-carbon biofuels and chemical products, and said it will invest in alternative power generation and carbon capture initiatives. “We are convinced that we must set more ambitious objectives to fight climate change,” Repsol CEO Josu Jon Imaz said in


In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday.
Additionally, Repsol plans to increase production of low-carbon biofuels and chemical products, and said it will invest in alternative power generation and carbon capture initiatives.
“We are convinced that we must set more ambitious objectives to fight climate change,” Repsol CEO Josu Jon Imaz said in
Repsol says it will be carbon neutral by 2050, becoming the first oil major to make a pledge of this kind Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: pippa stevens, christopher butler, scott stringer, new york city comptroller
Keywords: news, cnbc, companies, statement, stay, neutral, major, kind, repsol, turn, technologies, set, oil, pledge, carbon, 2050, company, gas


Repsol says it will be carbon neutral by 2050, becoming the first oil major to make a pledge of this kind

In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. The pledge is, however, non-binding.

The company outlined a number of ways in which it will meet its goals, including shifting the focus of its upstream operations to value and cash generation rather than volume, as well as by integrating alternative energy sources into its refining operations.

Additionally, Repsol plans to increase production of low-carbon biofuels and chemical products, and said it will invest in alternative power generation and carbon capture initiatives. The company said that it aims to “become a leading international player in renewable energies.”

The company said that 70% of its emission reduction could be carried out through existing technologies, and that for the remaining portion it would invest in technologies like carbon capture. If necessary, it would turn to natural sinks like reforestation.

The company said it would take a post-tax impairment charge hit of €4.8 billion, or about $5.3 billion, as it re-values some of its oil and gas-related assets under a Paris Agreement-compliant scenario. According to the statement, it will not impact the company’s cash flow or shareholder remuneration.

To stay on track, the company outlined a number of interim targets aimed at reducing the intensity of its emissions, and also said that it will link at least 40% of its managers and executives’ long-term variable pay to the decarbonization progress.

“We are convinced that we must set more ambitious objectives to fight climate change,” Repsol CEO Josu Jon Imaz said in a statement. “Addressing the significant challenges that lie ahead with strategic clarity is what will allow us to turn them into opportunities. We are convinced that this strengthens our project that is sustainable, attractive and profitable for all our stakeholders.”

Repsol’s announcement comes as oil and gas companies face mounting pressure over the role they play in greenhouse gas emissions, as well as questions over whether they can survive as oil prices stay low and consumer habits shift.

Repsol is the first oil company to give a date by which it will be carbon neutral, although oil majors like Royal Dutch Shell and BP are among the other companies that have announced decarbonization efforts.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: pippa stevens, christopher butler, scott stringer, new york city comptroller
Keywords: news, cnbc, companies, statement, stay, neutral, major, kind, repsol, turn, technologies, set, oil, pledge, carbon, 2050, company, gas


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