Brazil Readies Roadshow for First ESG Bond Tied to UN Goals
Brazil’s first-ever sustainable bond sale will target several green and social initiatives linked to the United Nations 2030 sustainable agenda.
Bloomberg Business
SoftBank’s Arm IPO Highlights the Cost of Not Sitting Still
SoftBank Group Corp. looks set to turn a tidy profit when it takes Arm Holdings Plc public sometime next week. While that’s nice, reality is the firm could’ve made more if it had just stashed its cash in an index fund and walked away.
FDIC Starts Marketing $33 Billion of Signature Property Debt
The Federal Deposit Insurance Corp. has begun seeking buyers for $33 billion of commercial property loans from Signature Bank, the latest step in a massive offloading of debt from the bank that collapsed earlier this year.
Orsted Ready to Abandon US Wind Projects as It Asks for Help
Orsted A/S said it’s prepared to walk away from US projects unless the White House guarantees more support, highlighting the myriad challenges facing wind-energy developers in the country.
UBS Doubles Stock Research for Credit Suisse Wealth Clients
UBS Group AG will double the coverage of single stocks that Credit Suisse wealth clients can access as it moves to integrate the two firms’ research offerings.
US Regulators Move to Force Recall of 52 Million Air Bag Parts
US regulators took a major step Tuesday toward forcing a recall of as many as 52 million air bag inflators they have said could explode in a crash, an escalation of a safety issue that has plagued the auto industry for years.
A Hot ISM Services Number Will Set the Dollar Up for More Gains
The dollar is on pace to climb for an eighth straight week, the longest streak since 2005. Traders are looking to services sector data for the gains to continue, with the greenback tending to climb when the report shows expansion and outperforms a slowing goods sector.
DCG’s Genesis Global to Shut Down Crypto Spot Trading Operations
Genesis Global Trading, an affiliate of Barry Silbert’s Digital Currency Group, will wind down its spot trading crypto trading service as of Sept. 18 for “business reasons.”
Citigroup’s Beaten-Down Shares Are Worth Buying, Mayo Says
Citigroup Inc.’s $41 share price reflects too much fear, and investors looking for a long-term opportunity should buy the stock, according to Wells Fargo & Co. analyst Mike Mayo.
EU Antitrust Chief Vestager Steps Aside to Bid for Top EIB Job
Margrethe Vestager, the long-time scourge of tech giants and rate-rigging banks, has stepped aside from her role as the European Union’s competition commissioner after her bid to lead the European Investment Bank became formal.
