Ex-HSBC Banker Sees Contentious ESG Label Dethroning Green Bonds
A former HSBC Holdings Plc banker says one of the most criticized sustainable bond structures on Wall Street has the potential to dominate the roughly $6 trillion ethical debt market.
Bloomberg Business
Don’t Say Tory: How Sunak’s Party Aims to Survive Key Votes
As he quit Parliament last month, Boris Johnson lashed out at what he called a “protracted political assassination.” But it is his beleaguered successor, Prime Minister Rishi Sunak, who was left with most at stake as the political fallout from his predecessor’s resignation plays out on Thursday.
Kim Kardashian’s Skims Is Worth $4 Billion After New Funding Round
Kim Kardashian’s Skims underwear label has raised fresh funding that values the company at $4 billion.
First Southern Hemisphere Direct Air Capture Plant Planned
Octavia Carbon and Cella Mineral Storage have agreed to build the first direct air capture plant in the southern hemisphere, using an experimental technology to remove climate-warming carbon dioxide from the atmosphere.
Money Managers Get State AG Subpoenas Related to Climate Work
At least three state attorneys general sent formal demands to Wall Street money managers asking for information about their climate work as GOP officials step up attacks on ESG investing.
US Housing Starts Fell in June After Surging in Prior Month
New US home construction retreated in June after surging a month earlier, to a pace that still indicates builders are working to fill the void left by lean housing inventory in the resale market.
Attack on Ukraine Ports Drives Wheat to a Three-Week High
Wheat and corn rallied to three-week highs as another wave of Russian attacks battered southern Ukraine following the collapse of the grain-export deal.
Sunak Apologizes for Historic Treatment of UK Gay Veterans
Prime Minister Rishi Sunak apologized for the UK’s historic treatment of gay veterans following a damning report detailing electric shock conversion therapy, sexual assaults and blackmail suffered by personnel over decades.
New US Home Construction Retreated in June
Residential starts fell 8% last month to a 1.43 million annualized rate, according to government data. Mike McKee breaks down the numbers on “Bloomberg Surveillance.”
IMF Board Member Expects Sri Lanka to Pass First Bailout Review
Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation’s representative on the International Monetary Fund executive board.
