Wall Street: Basel 3 ‘endgame’ will upend climate finance
WALL Street’s biggest banks are warning that existing assumptions around much-needed green finance will no longer hold if the US goes ahead with stricter capital requirements.
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WALL Street’s biggest banks are warning that existing assumptions around much-needed green finance will no longer hold if the US goes ahead with stricter capital requirements.
Bonbons and candy canes may dominate the American holiday aesthetic, but confectionery companies in the United States are feeling anything but jolly as they head into one of the sugar market’s tightest years in recent memory.
Supercharging crop seeds to better withstand drought. Breeding cows that burp out less methane. And tracking cattle to prevent deforestation.
Honeywell International agreed to acquire the security business of Carrier Global Corp. for an enterprise value of about $5 billion, which marks the biggest deal since 2015 for the maker of jet engines and gas detectors.
THE combination of elevated global interest rates and pre-existing weaknesses remain a threat to world financial-market stability, Singapore’s central bank has warned.
THE South Korean won will probably maintain its lead as the best-performing Asian currency this quarter, keeping ahead of the Thai baht, according to analysts.
Cocoa farmers in Brazil are getting ready for a dramatic comeback.
India, the world’s top rice exporter, is expected to maintain its curbs on overseas sales well into next year, a move likely to hold the staple grain at close to its highest price levels since the food crisis of 2008.
A rally in the ruble that’s propelling it toward the strongest since July is the latest piece of Russia’s economic jigsaw to fall into place before a widely expected tilt by Vladimir Putin at another presidential term in March elections.
The Panama Canal doesn’t have enough water.
A.P. Moller-Maersk A/S, a bellwether for global trade, fell after saying it’s cutting at least 10,000 jobs to shield its profitability in a shipping market that is set to remain weak until about 2026.
BOND investors and rates traders are increasingly betting interest-rate cuts will start by the summer, challenging policymakers’ mantra of high borrowing costs for the foreseeable future.
BANKERS servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead.
THE UK government confirmed plans to regulate cryptoasset activities more strictly, bringing them under the same regime as traditional financial services.
Ukraine is imposing tighter controls over grain traders to boost revenues to fund its wartime defenses, a move that may further complicate shipments from the country’s Danube and Black Sea ports.
The Philippines will no longer pursue Chinese loans to fund three railway projects valued at more than $5 billion and has started discussions with other Asian countries for alternative financing deals.
META Platforms Inc. was sued by California and a group of more than 30 states over claims that its social-media platforms Instagram and Facebook exploit youths for profit and feed them harmful content.
Shipments of US soybean meal to other countries are expected to climb to a record high next year as more of America’s top oilseed crop is crushed for vegetable oil sought after to make green diesel.
Asian stocks fell as volatility gripped global markets from an escalation in tensions in the Middle East, driving oil and gold to further advances.
The International Monetary Fund (IMF) expects India to increase its contribution to global growth over the next five years as the economy continues to grow fairly rapidly.
For most workers, the so-called Great Resignation is over. For CEOs, it’s just ramping up. More than 1,400 chief executives have left their positions so far this year through September, according to a report by executive coaching firm Challenger, Gray & Christmas, Inc. That’s up almost 50 percent from the same period last year and the highest on record over that period since the firm began tracking in 2002.
China continues efforts to modernize, diversify and expand its nuclear arsenal, with about 500 operational warheads today and more than 1,000 likely by 2030, the Pentagon said.
Whether it’s bread or onions, food has the power to make or break a country’s leadership. How nations secure their staples is looming large in elections across the world with war in Ukraine and now the Middle East.
JURORS in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged for billions of dollars in customer funds to back risky investments that led to the collapse of the cryptocurrency exchange.
IT was the week that bond markets finally seemed to grasp what central bankers have been warning all year: higher interest rates are here to stay.
AN under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets.
Oil rose as a tightening market outweighed gains in the dollar and a broader risk-off tone driven by the outlook for higher interest rates.
India’s rice export ban is boosting prices around the world, increasing the risk of political instability in Asia and Africa, according to the head of a United Nations agency.
Emerging-market stocks gave up their gains for the year as stubborn inflation and bets on a prolonged period of high interest rates undermine growth prospects in the developing world.
Ships carrying everything from consumer goods to food and fuel in and out of the European Union will soon face hefty emissions bills.
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