Saturday, 18 May 2024

Finance

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South Africa’s plan to move away from coal: 8 steps to make it succeed

Opinion: South Africa's plan to transition from coal to renewable energy sources must include mobilizing different forms of international finance, investing in new...

FILE PHOTO: Ford vehicles are displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AutomotiveBusinessElectric VehiclesFinanceNews

Ford asks suppliers to cut costs in push to turn EV business profitable: memo

Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table,"...

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessClimateFinanceNewsOil

Exxon: proxy advisor Glass Lewis should recuse itself from making recommendations

(Reuters) – U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder...

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McGeever column: China tariffs could boost Fed rate cut case

Opinion: If the blows to employment and economic growth from rising tariffs land harder than the hit to import prices, a new phase...

FILE PHOTO: FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo
BusinessFinanceNewsPoliticsRegulations

EU finalises investment fund labels to combat greenwashing

ESMA greenwashing crackdown rules will mean investment funds with sustainability-related names must have 80% of assets meet ESG objectives.

dian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report. Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Vecz
AnalysisBusinessClimateEmissionsFinanceLiquefied Natural GasNatural GasNewsOilTransmission

Canadian banks directed over US$100 billion to oil and gas last year: report

Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual...

AnalysisBusinessEconomyFinanceOilReports

Feedback loops: Oil prices, inflation and monetary policy

How does the price of oil interact with inflation and the monetary policy meant to keep it in check? It's complicated, according to...

Top banks have provided $6.9 trillion in financing to the fossil fuel industry since the 2015 Paris Agreement (AFP)
BusinessFinanceFuelNews

US, Japanese banks lead fossil fuel financing

Fossil fuel financing fell by 9.5% last year, says climate campaigners' report, but banks are still sending $705bn to the sector.

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol/File Photo
BusinessFinanceNews

French presidency: Amazon to announce new 1.2 billion euros investment in France

Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the French presidency said on Sunday

FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo
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Court rejects Republican states’ challenge to SEC’s ESG proxy vote rule

A federal appeals court on Friday dismissed a lawsuit by four Republican-led states that sought to block a U.S. Securities and Exchange Commission...