 | | | | Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to bolster household incomes and give businesses a fighting chance to survive the health crisis. | | | | | | Bullish bets on the Chinese yuan hit a more than five-month high despite risks from a slowing property sector, while the prospect of an economic rebound led investors to unwind bearish positions in Thailand's baht, a Reuters poll showed on Thursday. | | | | | | Chinese state-owned asset manager China Huarong Asset Management said on Wednesday it will receive fresh capital worth 42 billion yuan ($6.59 billion) from a state consortium led by Citic Group as part of a restructuring plan. | | | | | | Two leading U.S. sustainable-business groups on Wednesday said they have merged to improve services and advocacy and to help members find better investment opportunities. | | | | | | While the U.S. Federal Reserve trails other major central banks in tackling climate change, it's catching up on a critical front: figuring out if rising temperatures could topple a major bank or even the entire financial system. | | | | | | Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director Eduard Ruijs said on Wednesday. | | | | | | Major multilateral organisations will launch a new initiative next week aimed at developing a system of standards for companies, investors and financial institutions to measure their impact on global sustainability. | | | | | | India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday. | | | | | | Asia's high-yield bond managers are largely staying away from new debt deals as turmoil in China's property sector has roiled the region's bond markets, even as they very cautiously buy into companies they think have been oversold in secondary markets. | | | | | | Trian Fund Management LP has proposed shaking up the board at asset management firm Janus Henderson Group where the activist investment firm now owns a 15.43% stake, according to a regulatory filing made on Tuesday. | | | | | |
