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.
Analysis: In Japan, a weaker yen may not be the blessing it once was
A weak yen, once seen as favourable for Japan’s exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers.
Water, sanitation and hygiene key to Pacific’s ongoing COVID-19 strategy
COVID-19 has forced Pacific island nations to close borders to prevent the disease’s entry.
Japan panel urges govt to launch $88 bln university fund
Japanese premier Fumio Kishida’s new advisory panel called for an $88 billion university fund on Monday and another one aimed at backing research and development on digital and green innovation as pillars of the country’s new growth strategy.
Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp (9984.T) reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
REUTERS EVENTS Allstate seeks more agents, but not as ‘human modems’
Allstate Corp (ALL.N) wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters on Wednesday.
Morgan Stanley appoints E*Trade leaders to top wealth division jobs
Morgan Stanley (MS.N) appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm’s wealth management division, according to a memo seen by Reuters.
Exxon’s board shakeup could force review of billions of dollars in spending
The recent overhaul of Exxon Mobil Corp’s (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say.
New Exxon board member Hietala brings business transformation experience
Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.
