Reuters US Money

PARIS (Reuters) -French bank Societe Generale and Dutch rival ING said they were discussing the possibility of serving ING’s online banking customers in France via SocGen’s Boursorama, after ING’s decision to quit the French market. “Following ING’s decision to exit the French retail banking market, Societe Generale announces that Boursorama has signed a Memorandum of …

SocGen and ING in talks over using SocGen’s Boursorama for ING retail customers Read More »

By Simon Jessop LONDON (Reuters) – NextEnergy Capital said on Monday it had raised a record $896 million for its NextPower III ESG fund, focused on solar infrastructure investments in OECD countries – its biggest private fund to date. While larger solar-focused funds may exist with a more restrictive geographic focus, the firm said its …

NextEnergy Capital raises record $896 million for solar infrastructure fund Read More »

By Victoria Klesty OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, with the biggest boost coming from tech stocks, it said on Thursday. The $1.3 trillion fund’s return on investment stood at 14.5% for the …

Norway wealth fund earns second-highest return in 2021 Read More »

By Julie Gordon and David Ljunggren OTTAWA (Reuters) – The Bank of Canada will soon starting hiking interest rates from record lows to combat inflation, Governor Tiff Macklem announced on Wednesday, saying the economy no longer needed help to deal with the effects of the COVID-19 pandemic. Macklem spoke after the central bank surprised some …

Bank of Canada signals hikes coming soon, leaves key interest rate unchanged Read More »