Finance faces new nature-positive disclosure requirements

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

Philippines’ Marcos names new finance chief and c.bank governor

Philippine President-elect Ferdinand “Bongbong” Marcos Jr., son of late dictator Ferdinand Marcos, attends a news conference at his headquarters in Mandaluyong City, Metro Manila, Philippines, May 23, 2022. REUTERS / Lisa Marie David Register now for FREE unlimited access to Reuters.com Register MANILA, May 26 (Reuters) – Philippine President-elect Ferdinand Marcos on Thursday announced the … Read more

UK finance ministry to make statement to parliament on Thursday – ITV

A general view of the Houses of Parliament at sunrise, in London, Britain, February 9, 2022. REUTERS / Tom Nicholson Register now for FREE unlimited access to Reuters.com Register LONDON, May 25 (Reuters) – Britain’s finance ministry is due to make a statement to parliament on Thursday, ITV reported citing parliamentary whips who arrange business … Read more

Sri Lanka prime minister retains finance minister portfolio

COLOMBO, May 25 (Reuters) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will hold a dual charge as finance minister, the president’s office announced on Wednesday, and will lead talks with the International Monetary Fund (IMF) for a bailout for the crisis-hit nation . “Prime Minister Ranil Wickremesinghe was sworn in as finance, economic stabilization and … 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

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

Bruno Le Maire to stay on as French finance minister in reshuffle

French Economy and Finance Minister Bruno Le Maire arrives to attend the last weekly cabinet meeting at the Elysee Palace in Paris, France, April 28, 2022. REUTERS / Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register PARIS, May 20 (Reuters) – Bruno Le Maire will retain his job as French finance minister … 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

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