Wednesday, 26 March 2025

Focus on U.S. Federal Reserve

FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
AnalysisClimateFinance

Central banks’ green push hits a hurdle as Fed drops out

A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's...

FILE PHOTO: A coat of arms is seen on one of the original Bank of Montreal (BMO) buildings in Toronto, Ontario, Canada June 1, 2021.  REUTERS/Chris Helgren/File Photo
ClimateFinanceNewsPolitics

BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance

BMO becomes the first Canadian bank to exit the NZBA, following similar moves by major U.S. lenders under political pressure.

FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
ClimateFinanceNewsPolitics

Federal Reserve withdraws from global regulatory climate change group

The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.

FILE PHOTO: Labourers harvest cocoa pods at a farm in Assin Foso, Ghana, November 21, 2024. REUTERS/Francis Kokoroko/File Photo
AnalysisBusinessCoalCritical MineralsEconomyIndustryManufacturingOilRegulationsTrade

Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand

Cocoa and coffee prices surged in 2024 due to global supply deficits, while steel-making coal struggled amid China's slow growth.

FILE PHOTO: The mountains Brunegghorn, Bishorn and Weisshorn are pictured from Belalp, Switzerland, September 4, 2019.  REUTERS/Denis Balibouse/File Photo
BusinessClimateEconomyEmissionsEnvironmentIndustryInfrastructureRegulationsTrade

Global regulators quiz banks amid climate-risk tussle, sources say

Global banking regulators are probing banks' climate risk management practices, seeking consensus amid varied approaches.

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