Finance faces new nature-positive disclosure requirements

DAVOS, Switzerland, May 26 (Reuters) – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments. “Nature is a financial risk for business,” Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD), told the Reuters Global Markets Forum, adding that $ … Read more

Westpac to sell one financial advisory business, merge unit’s funds with Mercer Super Trust

A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS / David Gray Register now for FREE unlimited access to Reuters.com Register May 26 (Reuters) – Westpac Banking Corp (WBC.AX) said on Thursday it would sell … Read more

UK finance minister Sunak orders plan for windfall tax on electricity generators -FT

Britain’s Chancellor of the Exchequer Rishi Sunak arrives to speak at the Confederation of British Industry’s (CBI) annual dinner in London, Britain, May 18, 2022. Peter Nicholls / REUTERS Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Britain’s finance minister Rishi Sunak has ordered officials to draw up plans for … Read more

T-Mobile launches 5G products to compete with Verizon, AT&T for business clients

A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, US, April 30, 2018. REUTERS / Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, May 23 (Reuters) – T-Mobile (TMUS.O) on Monday launched a suite of 5G products to lure business clients and capture some … Read more

Bombardier launches latest ultra-long range business jet Global 8000

Bombardier logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Canada’s Bombardier Inc (BBDb.TO) launched a new long-range business jet on Monday, as it looks to stay competitive … Read more

Inflation picture is concerning, British junior finance minister says

Britain’s Chief Secretary to the Treasury Simon Clarke walks outside Downing Street in London, Britain November 30, 2021. REUTERS / Tom Nicholson Register now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get … Read more

HSBC suspends banker after climate risk comments, Financial Times reports

The logo on the building of HSBC’s London headquarters appears through the early morning mist in London’s Canary Wharf financial district, Britain March 28, 2017. REUTERS / Russell Boyce Register now for FREE unlimited access to Reuters.com Register May 22 (Reuters) – HSBC Holdings (HSBA.L) has suspended its head of responsible investing pending an internal … Read more

UK finance minister Sunak named in list of Britain’s super-rich

British Chancellor of the Exchequer Rishi Sunak and his wife Akshata Murthy attend a reception to celebrate the British Asian Trust, at The British Museum, in London, Britain, February 9, 2022. Picture taken February 9, 2022. Tristan Fewings / Pool via REUTERS / Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 … Read more

DLT Finance receives BaFin licenses

DLT Finance receives BaFin licenses, thereby becoming Germany’s first financial institute focused solely on digital assets. Its services include trading, custody and staking. B2B clients will benefit from a regulated and secure API for digital asset markets. The nine BaFin licenses are received by DLT Finance’s subsidiary company. It can now provide its clients with … Read more

Enel eying US market for grid business

MILAN, May 16 (Reuters) – Italy’s Enel (ENEI.MI) is keeping an eye on the United States for the development of its power distribution grids business as it presses ahead with plans to expand its digital footprint. “I personally would like to have a grid in the US … it makes sense for us,” the group’s … Read more