Passive Funds Face New Challenges as UK ESG Rules Take Shape
ESG rules in the UK look set to make life harder for firms marketing index-tracking and other passively managed strategies, according to lawyers advising the investment industry.
ESG rules in the UK look set to make life harder for firms marketing index-tracking and other passively managed strategies, according to lawyers advising the investment industry.
British consumers in poorer areas are buying less food after its cost rose at the strongest pace since 1977.
Indonesia’s central bank slowed the pace of its monetary tightening Thursday, in a move seen to support growth as inflationary pressures ease.
Turkey will inject around $3.3 billion into three state-run lenders to beef up their balance sheets as the government prepares a new loans package ahead of next year’s elections.
China plans to cut quarantine requirements for overseas travelers in January, according to people familiar with the matter, as the country dismantles the last vestiges of its Covid Zero policy.
Turkey’s minimum wage will go up 55% in 2023 in a bid to help ease the burden of soaring living costs on millions of people just months ahead of elections.
Many multinational CEOs like to close out the year with a message of congratulations. Tencent Holdings Ltd.’s billionaire co-founder Pony Ma delivered a no-holds-barred rant about slacking, oblivious and even corrupt employees.
Ukrainian President Volodymyr Zelenskiy had just half a day in Washington, his first trip abroad since Russia invaded his country 300 days ago, and every moment had to count.
The Israeli army’s automated call-up system accidentally phoned reservists overnight, in an incident blamed on a technical error during routine maintenance work.
The Philippine Stock Exchange has asked PLDT Inc. to clarify its announcement that it did not uncover any fraud, anomalies, overpricing and unrecorded transactions in its 48-billion peso ($871 million) capital spending overrun, shortly after the Philippines’ biggest phone company by revenue had disclosed it.