Industry faces pressure to pare back lending to oil companies. The sector is ‘critical’ to achieving net-zero carbon future.

May 4 Reuters The Nasdaq index was set to open lower on Tuesday as investors continued to move out of megacap growth stocks and into companies that are expected to benefit from the reopening of economies. Highly valued technology companies including Microsoft Corp , Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc fell between […]

Reuters 51job Inc said on Tuesday it had received a revised takeover proposal valued at more than 5 billion from private equity firms DCP Services, Ocean Link Partners and the Chinese recruitment firms cofounder and chief, Rick Yan. DCP, which made the original bid in September, has roped in the two other investors and sent […]

Investors managing $11 trillion have called on the world’s biggest banks to phase out financing of fossil-fuel companies.

May 4 Reuters Palladium prices soared to alltime highs on Tuesday, fuelled by worries over short supplies of the autocatalyst metal as demand gradually improves, while gold prices rose to their highest level in more than two months. Spot palladium gained 0.4 to 2,983.83 per ounce at 1059 a.m. EDT 1459 GMT, after jumping to […]

Gold prices headed lower on Tuesday after U.S. Treasury Secretary Janet Yellen suggested that interest rates may need to rise to keep the economy from overheating. The U.S. dollar extended its gains after Yellens comments, as measured by the ICE U.S. Dollar Index, which up 0.4 at 91.311. A stronger buck can undercut demand for […]

As the coronavirus pandemic eases, credit activity in the UK is rising. A fresh set of statistics could be another factor for the Bank of Englands decision to slow QE as early as this week, taking the first step towards normalisation. Data released this morning showed an increase in net lending to individuals by 11.3bn […]

Sales of green bonds – the largest category of sustainable debt by dollar volume – grew by 13% to a record $305.3 billion in 2020, after a slowdown in the first half of the year.

SYDNEY, May 4 Reuters The Australian dollar lagged on Tuesday as the countrys central bank sharply upgraded forecasts for the local economy yet still predicted no tightening in its superloose policy until at least 2024. The Aussie faded 0.2 to 0.7742, well within the 0.7690 to 0.7815 range that has held for the past couple […]

Four banks pledge $6 trillion in sustainable finance, and the billions they’ll save in taxes is one of the benefits.