NFT enthusiasts hold firm despite crypto price plunge
This week’s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.
Britain’s Nationwide almost doubles profit as costs fall
Nationwide Building Society (POB_p.L) nearly doubled annual profit after improving interest income and margins as it shaved costs, it said on Friday.
U.S. Treasury floats global corporate tax of at least 15%
The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms.
Japan’s consumer prices extend falls as cellphone fee cuts offset input costs
Japan’s core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees offset rising energy prices, suggesting that weak demand and higher costs will weigh on a fragile economic recovery.
Wall Street snaps 3-day losing streak as technology stocks rise
Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.
Apollo co-founder Josh Harris to step down from private equity firm
Apollo Global Management Inc (APO.N) said on Thursday co-founder Joshua Harris has decided to step down from his day-to-day role, the latest in a series of governance changes at the private equity firm.
Bank of England plans to ‘green’ its corporate bond holdings
The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings in sterling corporate bonds better aligned with government goals to achieve net zero carbon emissions, starting later this year.
Bitcoin slips below $40,000 as recovery fades
Bitcoin fell 3% on Friday, giving up early gains, as its recovery from this week’s massive plunge showed signs of faltering.
Asian tech shares track Nasdaq gains as inflation fears recede
Asian tech and growth stocks rallied on Friday, following Wall Street’s overnight lead, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
What is driving the growth of green and social finance?
Over the past decade, sustainable finance has become a prominent feature of global finance around the world. Green and social finance which target investments with specific and measurable environmental or social objectives witnessed fast expansion in recent years.
