BlackRock Inc. backed fewer shareholder proposals on environmental and social issues over the past year as it stressed its commitment to the energy industry and navigated a debate over ESG investing.
South African fuel and chemical maker Sasol Ltd. took a 35 billion-rand ($1.9 billion) writedown on a facility at the heart of its operations and warned of regulatory uncertainty in the country as greenhouse-gas emissions rose.
A Morgan Stanley unit was fined £5.4 million ($6.8 million) for failure to retain messages sent by traders over WhatsApp in the first-ever penalty of its type issued under the powers of the UK’s energy regulator.
International funds will resume investing in Thailand, boosting equities and the baht, following the appointment of a new prime minister after a three-month political impasse triggered withdrawals, according to the nation’s largest private money manager.
The Bank of Canada is likely to place more weight on the weakening state of the labor market in its coming rate decisions, opening the door to cuts early next year, according to economists at CIBC.
Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming 12 months.
Chancellor Olaf Scholz’s cabinet approved a draft law overhauling the nation’s citizenship rules that would allow people to hold multiple passports and is designed to facilitate the integration of foreigners into Europe’s biggest economy.
Spanish opposition leader Alberto Nunez Feijoo has a month to form a government before facing a vote in parliament, a task he has already said is tough because he doesn’t have the necessary support from lawmakers.
Adani Group posted record profit in the quarter ended June on the back of its infrastructure and renewable energy businesses, bolstering the finances of Gautam Adani’s business empire as it seeks to shore up investor confidence and resume fundraising months after a damaging attack from a shortseller.
Javier Milei’s push to dollarize the Argentine economy is in many ways a long shot. For starters, the political outsider still has to clinch victory in October’s presidential election. Once in office, he’d then have to overcome a slew of obstacles to scrap the peso as the country’s legal tender.
