Sunday, 9 February 2025

Focus on BlackRock

FILE PHOTO: VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S.,  March 1, 2023. REUTERS/Lisa Baertlein/File Photo
BusinessElectric Vehicles (EVs)FinanceNewsTrade

EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric...

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo
ClimateCourtsNews

Tennessee Attorney General settles ESG dispute with BlackRock

Tennessee and BlackRock settle ESG dispute; BlackRock agrees to increased proxy voting disclosures and third-party audits.

News Release

Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately...

FILE PHOTO: G20 leaders meet during an event launching the Global Alliance Against Hunger and Poverty at the G20 Summit at the Museum of Modern Art in Rio de Janeiro, Brazil, November 18, 2024. Eric Lee/Pool via REUTERS/File Photo
ClimateClimate FinanceEconomyEmissionsNewsPolitics

G20 financial stability watchdog urges broader adoption of climate transition plans

G20's FSB urges standardization of climate transition plans to assess banking risks, as global discrepancies persist.

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessClimateEmissionsEnvironmentFinanceNewsPolitics

Investor climate group Net-Zero Asset Managers suspends activities after BlackRock exit

BlackRock exits Net-Zero Asset Managers initiative amid U.S. political backlash, prompting coalition to suspend activities.

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021.  REUTERS/Carlo Allegri/File Photo
BusinessEmissionsNews

BlackRock quits climate group as Wall Street lowers environmental profile

BlackRock exits Net Zero Asset Managers initiative, citing legal scrutiny and confusion over its climate policies.

FILE PHOTO: Activists protest against fossil investments before the annual general meeting of the Swiss National Bank (SNB) in Bern, Switzerland, April 26, 2024. REUTERS/Denis Balibouse/File Photo
AnalysisBusinessClimateEconomyEmissionsEnvironmentPoliticsRegulations

Analysis: Exodus by Wall Street banks from climate group worries advocates

U.S. banks exit climate coalition NZBA amid political pressure, raising concerns over their commitment to reducing fossil fuel financing.

FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/File Photo
BusinessClimateEmissionsEnvironmentFinanceNewsPolitics

Citigroup joins US lenders in exiting Net-Zero Banking Alliance

This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo and Goldman Sachs.

FILE PHOTO: U.S. Representative Jim Jordan (R-OH) speaks at a House Republicans press conference on Capitol Hill in Washington, U.S., June 12, 2024. REUTERS/Craig Hudson/File Photo
BusinessClimateEconomyEmissionsEnvironmentFinanceIndustryNewsPoliticsRegulations

US House committee targets another investor climate group

The House Judiciary Committee is probing 60 asset managers over ties to the Net Zero Asset Managers initiative, alleging antitrust violations.

FILE PHOTO: A man walks from a branch of Wells Fargo bank in the University District of Seattle, Washington, U.S. December 6, 2024. REUTERS/Chris Helgren/File Photo
BusinessClimateEconomyEmissionsEnvironmentFinanceNewsPolitics

Wells Fargo departs climate banking group in another high-profile exit after Goldman

The bank ended its membership in the Net-Zero Banking Alliance, two weeks after another notable exit by Goldman Sachs.

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