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

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

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

Caterpillar eyes energy transition as growth driver for mining business

People visit heavy machinery of Caterpillar at Bauma China, the International Trade Fair for Construction Machinery in Shanghai, China November 27, 2018. REUTERS / Aly Song / Files Register now for FREE unlimited access to Reuters.com Register DALLAS, May 17 (Reuters) – Construction equipment maker Caterpillar Inc (CAT.N) believes demand for critical minerals as the … 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

Guest view: Blue finance can save Asia’s oceans

A plastic bottle drifts on the waves of the sea at a fishing port in Isumi, east of Tokyo, Japan November 21, 2018. REUTERS / Issei Kato – RC1B9B07A350 Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 12 (Reuters Breakingviews) – The plastic water bottle has become almost ubiquitous. Maybe you have … Read more

Financial giants tiptoe into TikTok

The TikTok logo is pictured outside the company’s US head office in Culver City, California, US, September 15, 2020. REUTERS / Mike Blake Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 12 (Reuters) – As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented … Read more

Twitter ad business could surge as advertisers pin hope on Musk

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Elon Musk’s $ 44 billion deal to take … Read more

US small business confidence steady in April, NFIB survey shows

People make their way in a local street of Chinatown in the Manhattan borough of New York City, New York, US, March 25, 2021. REUTERS / Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 10 (Reuters) – US small business confidence held steady in April after three straight monthly declines, … Read more