By Ross Kerber (Reuters) -California’s top public pension system on Friday said it will more than double its climate-focused investments to $100 billion by 2030 and consider selling stocks in companies with poor plans for the energy transition. Staff of the California Public Employees’ Retirement System (CalPERS) said the plan will boost returns for the …
CalPERS to double climate investments, consider asset sales Read More »
By Valentine Hilaire and Divya Rajagopal (Reuters) – Panama’s abrupt moves this week to potentially annul the contract for one of the world’s biggest and newest copper mines through a referendum and proposed law alarmed global investors and wiped out about 40% of First Quantum Minerals’ market value. Lawmakers on Thursday ended efforts to scrap …
Explainer-Why might Panama cancel a copper mine contract? Read More »
By Scott DiSavino (Reuters) – Danish energy firm Orsted’s shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said. The world’s biggest offshore wind farm company on Tuesday said it would cease …
Ship shortage dealt death blow to Orsted’s NJ offshore wind hopes Read More »
OTTAWA (Reuters) -Canada will face rising economic uncertainty if the province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP), federal Finance Minister Chrystia Freeland said on Friday. Freeland made her remarks at a press conference after a phone call with regional finance ministers to discuss the issue. Alberta Finance …
Canada warns of economic uncertainty if Alberta quits national pension plan Read More »
By Joseph White DETROIT (Reuters) -The board of Cruise, the robo-taxi company controlled by General Motors, has hired an outside law firm and technology consultants in the aftermath of an accident that led it to suspend all driverless vehicle operations, Cruise said Friday. Cruise’s board has hired law firm Quinn Emanuel to review Cruise management’s …
Board of GM’s Cruise reviewing regulatory response, technology Read More »
By Ann Saphir and Howard Schneider (Reuters) -Slowing jobs growth and cooling wage pressures may give Federal Reserve policymakers renewed confidence the U.S. economy is adjusting from the shock of the coronavirus pandemic, allowing inflation to ease further without more interest rate rises. That was the read from many analysts of the Labor Department report …
As US job market cools, Fed’s own job gets easier Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic, weighing in after the release of the latest round of jobs data, said on Friday that the economy’s current path appears to indicate that further interest rate increases will not be required. “My outlook is that we are going to …
Fed’s Bostic, cheered by jobs data, still leans against further rate hikes Read More »
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to hear a dispute over Coinbase’s effort to move a dispute with users of the cryptocurrency exchange out of courts and into private arbitration, which businesses often prefer over litigation. The justices took up Coinbase’s appeal of a lower court’s ruling that …
US Supreme Court takes up Coinbase arbitration dispute Read More »
By Pete Schroeder WASHINGTON (Reuters) -U.S. regulators on Friday cleared the way to increase oversight of asset managers, hedge funds and other non-banks that they believe pose risks to the financial system, reviving a tough new regime that had been sidelined under former President Donald Trump. The Financial Stability Oversight Council (FSOC), led by the …
US regulators agree to ramp up oversight of systemically risky non-banks Read More »
By Aditya Soni (Reuters) -Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a U.S. jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5% in early trading, having fallen more than 3% before the bell. …
Apple ticks lower after warning of dull holiday quarter Read More »
