Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director Eduard Ruijs said on Wednesday.
Major multilateral organisations will launch a new initiative next week aimed at developing a system of standards for companies, investors and financial institutions to measure their impact on global sustainability.
India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday.
Asia's high-yield bond managers are largely staying away from new debt deals as turmoil in China's property sector has roiled the region's bond markets, even as they very cautiously buy into companies they think have been oversold in secondary markets.
Trian Fund Management LP has proposed shaking up the board at asset management firm Janus Henderson Group where the activist investment firm now owns a 15.43% stake, according to a regulatory filing made on Tuesday.
Some of the Wall Street banks that helped General Electric Co , Toshiba Corp and Johnson & Johnson become massive conglomerates through acquisitions over the years are now profiting from their break-ups, a Reuters analysis showed.
Citadel is promoting Pablo Salame, one of Wall Street's most prominent traders, to become the $43 billon hedge fund's co-chief investment officer next year as James Yeh retires.
Wall Street banks have started to release their forecasts for the end of 2022 for euro/dollar, dollar/yen, and the benchmark U.S. 10-year Treasury yield.
As Democrats in the U.S. House of Representatives look to advance their $1.75 trillion social spending package this week, wealthy individuals are already planning ways to avoid paying for it.
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