Wall Street closes lower after Fed minutes, crypto fall
Wall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program.
Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate
A “number” of Fed officials appeared ready to consider changes to monetary policy based on a continued strong economic recovery, according to minutes of the U.S. central bank’s April meeting, but data since then may have already changed the landscape.
End new oil, gas and coal funding to reach net zero, says IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
Britain clears $44 bln Virgin-O2 merger to take on BT
Britain’s competition regulator cleared a $44 billion merger between broadband company Virgin Media and Telefonica’s (TEF.MC) UK mobile network O2 on Thursday, after a months-long review.
Shell exits Philippine gas field in $460 mln deal
Royal Dutch Shell (RDSa.L) has agreed to sell its stake in a offshore gas field in the Philippines for $460 million as part of its strategy to narrow its oil and gas operations.
New global carbon exchange to launch in Singapore by year-end
Singapore bank DBS (DBSM.SI), Standard Chartered (STAN.L), Singapore Exchange (SGXL.SI), and state investor Temasek Holdings said on Thursday they are teaming up to develop a global exchange and marketplace for high-quality carbon credits.
EU lawmakers give final approval to bloc’s green transition fund
The European Parliament on Tuesday formally approved the European Union’s multi-billion euro fund to support countries as they wind down fossil fuel industries, as the bloc overhauls its economy to fight climate change.
No pain, no gain for big funds hunting the next Tesla
Place your bets! The race to find the next Tesla (TSLA.O) is on but the search is turning up plenty of clunkers as well as potential superstars.
Stocks slip, crypto haemorrhage deepens amid inflation worries
Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen vulnerable to any removal of monetary stimulus.
Julius Baer confirms targets as AuM grow 8% through April
Julius Baer (BAER.S) said it was on track to deliver on financial targets as the Swiss wealth manager posted an 8% rise in assets under management for the first four months of 2021 to 470 billion Swiss francs ($523.9 billion).
