Clean vs. renewable energy: What’s the difference? While there is significant overlap between “clean” and “renewable” energy, they are not exactly the same. Clean energy does not release any greenhouse gases or pollutants into the atmosphere. Renewable energy, meanwhile, is defined as energy that comes from resources that are constantly replenished and never

Three-statement modelling explained in three minutes This content is taken directly from Intuition Know-How, the world's premier digital learning solution for finance professionals. The three-statement model is a cornerstone of investment banking and forms the basis for much of the research carried out by analysts right across the financial sector.

Tariffs return: What history tells us The election of President Trump and his use of trade tariffs as a central economic policy tool has reignited debate over their broader economic implications. The White House contends that these "reciprocal" measures are fully justified on the basis of the trading practices of major trading partners

Recessions: Causes and government interventions In most countries, most of the time, the economy expands, propelled by population growth and productivity improvements. However, from time to time, the economy enters recession. Recessions have many negative consequences for households, businesses, and markets. There is no single definition of a recession. A recession is often

Mastering trade finance: Credit, negotiations, & risk International trade creates risk for trading parties relating to uncertainty over the timing of payments between exporters and importers. For instance, an exporter often has a cash flow shortfall when it provides trade credit to an importer. This is because payment is not received until some

Nonferrous metals: Indispensable business materials A nonferrous metal is an alloy or metal that does not contain an appreciable amount of iron in its chemical composition. There are many metals that fall into this definition, but only a few of these metals are traded on exchanges. We can split these traded nonferrous

What are green bonds? As interest in environmental, social, and governance (ESG) issues has grown, the market for green bonds and other green assets has expanded rapidly. Today, this market includes a wide range of green debt instruments and new asset types are emerging regularly. However, a lack of universal global standards for

CBDC momentum slows The development of central bank digital currencies (CBDCs) has been a priority for central banks across the globe over the last few years. Recently, however, momentum has stalled. Apart from China’s digital yuan, CBDCs across major economies are yet to be launched, with some at more advanced stages of development

Toward a “new normal” for bonds? Global bonds markets appear to be in a state of structural volatility. While inflationary pressures and fiscal concerns are the most oft-cited factors, the apparent failure of the markets to adapt their expectations could be just as significant. In September 2024, the Fed embarked