How companies can lower the bar in sustainability bond binge
Companies are selling a record number of bonds with penalties attached if they fail to meet environmental and social targets, but there’s a catch – some goals are so soft that firms can actually take their foot off the gas.
UBS appoints JP Morgan Chase executive Youngwood as group CFO
UBS (UBSG.S) has recruited former JP Morgan Chase executive Sarah Youngwood as its group chief financial officer, the Swiss bank said on Wednesday, making a rare female appointment in the highest echelons of European banking.
Citigroup to create 100 roles in digital asset push
Citigroup (C.N) is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.
Shipping rate surge threatens global economy recovery, UNCTAD says
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday.
EXCLUSIVE HSBC exceeds China wealth hiring targets, explores India private banking re-entry
HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth.
Analysis: China’s property woes put prestige global projects in play
China’s property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash.
Analysis: Virtually forever? Switch to online AGMs gains pace despite concerns
A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently.
With $4 billion in losses, Heathrow tells UK: open up travel
London’s Heathrow Airport urged Britain on Monday to open up travel to vaccinated passengers after its recovery fell behind Europe, pushing its cumulative pandemic losses to $4 billion.
Dollar loses some steam after Fed boost; bitcoin tumbles
The dollar dipped on Monday against major currencies, but broadly held most of the previous week’s gains after the Fed’s surprise hawkish tilt.
Stocks slide, yields jump as Fed projects earlier rate hikes
LONDON, June 16 (Reuters) – Markets were jostled Wednesday after U.S. Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.
