Asset managers touting ESG enjoy a turbo-charged coal boom
As top-performing coal companies embarks on an expansion plan, investors who have pledged to target a low-carbon future are helping finance its growth.
Activists make European CEO heads roll on $225 billion warpath
Activist investors are finding their European targets more willing to do away with management than heed calls for dramatic change—for now.
Morgan Stanley is doubling down on ESG
Morgan Stanley has picked an interesting moment to press ahead with expanding its offering of ESG-themed funds.
Sinking commodities vs. Tightening: Deflation may be early days
The surge in 2022 commodity prices is likely to be matched by decline of like magnitude and a long period of stagnation.
Henkel to Lose Sales Momentum in 2023 after Last Years Jump
BERLIN, March 7 Reuters Germany39;s Henkel said on Tuesday that it expects slower industrial and consumer demand to curtail sales growth this year after price increases helped organic sales to jump 8.8 in 2022. Shares in the consumer goods company opened 2.5 lower on Tuesday in response to the announcement. Henkel forecast organic sales to grow […]
Weak Euro Zone Data Point to Cracks in Recovery as Inflation Lingers
Bloc39;s retail sales rebounded only feebly in January Construction still contracted, sector39;s PMI showed Surprise fall in morale in March39;s Sentix index Expect more ECB rate hikes after March, says Lane Big nations39; inflation rose in Feb, data showed last week FRANKFURT, March 6 Reuters The euro zone39;s economic recovery is tentative and fragile, several […]
Philippines February CPI Slows but Rate Hike Still on Table
Feb inflation slows for the first time in 6 mths C.bank prepared to adjust policy settings as needed Economy sound despite high inflation Finmin C.bank may opt for 25 bps rate hike at March 23 meeting MANILA, March 7 Reuters Philippine annual inflation eased for the first time in six months in February owing to […]
China JanFeb Trade Slumps again as Global Demand Falters
BEIJING, March 7 Reuters China39;s exports for the JanuaryFebruary period fell, pointing to continued weakness in foreign demand and backing government concerns that a global slowdown will hamper the country39;s recovery from pandemicera damage. Imports dropped, too, government data showed on Tuesday, also reflecting weak foreign demand, since the country brings in parts and materials […]
Bank of Ireland to Boost Shareholder Returns in Growth Push
DUBLIN, March 7 Reuters Bank of Ireland will more than triple returns to shareholders this year, it said on Tuesday as the lender laid out plans for substantial further growth on the back of rising interest rates and a strengthening Irish economy. Ireland39;s largest lender by assets will return 350 million euros 267 million to shareholders […]
Hang Seng Index Price Setup: Are We There Yet?
The downward correction that started in the Hang Seng Index (HSI) doesn’t appear to be over just yet. What is the outlook and what are the signposts to watch?