By Ross Kerber BOSTON (Reuters) – Citigroup Inc on Wednesday laid out goals for corporate borrowers to cut emissions that included a rare “absolute reduction” target for companies in the energy sector by the end of the decade. Citi said in a report that it aims for emissions from companies across its energy loan portfolio …
Citigroup sets rare hard target to reduce energy-sector emissions Read More »
By Akriti Sharma, Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides. Asset managers increasingly analyse corporate performance on environmental, social and governance-related …
BlackRock’s Fink defends as ‘not woke’ push for values as well as profits Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial disclosure, according to a letter seen by Reuters. New York-based Ides wrote to the Boston-based company’s board on Tuesday …
Ides Capital nominates directors at Safety Insurance, wants share buyback Read More »
By Chibuike Oguh (Reuters) – Jefferies Financial Group Inc is abandoning an effort to raise a $1 billion fund to buy stakes in private equity fund managers, giving up on a niche and lucrative corner of asset management, people familiar with the matter said. It is a blow to Jefferies’ Leucadia Asset Management division, which …
Exclusive: Jefferies gives up on buyout fund manager investing business – sources Read More »
By Stefano Bernabei, Gianluca Semeraro and Claudia Cristoferi MILAN (Reuters) -A boardroom battle at Generali has escalated after the No.2 investor in Italy’s biggest insurer resigned from the board in a challenge to the reappointment of CEO Philippe Donnet. Donnet’s bid for a new term as chief executive is at the centre of a struggle …
Generali battle heats up as No.2 investor quits board Read More »
SHANGHAI (Reuters) – China’s securities regulator said on Friday it will reform the country’s securities settlement system, to bring it into closer alignment with global practices and to attract foreign capital. The China Securities Regulatory Commission (CSRC) published draft rules that will bring institutional trading in line with Delivery Versus Payment (DVP), a global practice …
China reforms securities settlement system to attract foreign capital Read More »
(Reuters) -Shares in blockchain technology-focused firm BTCS Inc rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered to pay dividends in bitcoin. The Silver Spring, Maryland-based company has seen its stock value more than double since Jan. 5, when it proposed to …
Blockchain firm BTCS soars on retail rush for bitcoin dividends Read More »
By Hyonhee Shin SEOUL (Reuters) – South Korea is set to pay compensation to Iran’s Dayyani Group over a 2015 dispute after the United States cleared the path towards the payment without violating its sanctions against Tehran, the Asian nation’s foreign ministry said. Dayyani, the family behind Entekhab, an Iranian consumer electronics group, filed an …
U.S. assent paves way for S. Korea to compensate Iranian investor over dispute Read More »
By Svea Herbst-Bayliss (Reuters) – Activist hedge fund Starboard Value LP has nominated four directors, including its own chief executive, to Huntsman Corp’s board, arguing that new members would help maximize the chemical maker’s potential. According to a letter sent by Starboard CEO Jeffrey Smith on Wednesday, the fund, one of Huntsman’s largest investors with …
Activist fund Starboard nominates four directors to Huntsman board Read More »
By Chris Taylor NEW YORK (Reuters) – The sexy sheets copywriter Jess Morgan enjoys with her husband Grant are not just in their bedroom. His financial spreadsheets turn her on to his seriousness about building a life together. Meticulous columns record the Bainbridge Island, Washington-based couple’s search for their first car, breaking down gas mileage, …
