Friday, 11 March 2022

Reuters Global Investor: Credit Suisse aims to nearly halve emissions financing to fossil fuels by 2030

Credit Suisse aims to nearly halve emissions financing to fossil fuels by 2030

Credit Suisse set new targets on Thursday to nearly halve its exposure to the financing of emissions from oil, gas and coal between 2020 and 2030.

Global central banks stay inflation-focused, see growth continuing despite war

The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify as prices soar across the board, from fuel to food.

Insurer AIA launches $10-bln buyback on strong 2021 growth

AIA Group Ltd on Friday launched a $10 billion share buyback plan and declared a higher final dividend on strong growth in 2021, but warned of near-term pain from a recent outbreak of coronavirus infections in Hong Kong.

Goldman Sachs, JPMorgan unwinding Russia businesses

The moves make them the first major U.S. banks to exit following Russia's invasion of Ukraine.

Barclays names Ihsan Essaid co-head of global M&A - memo

Barclays appointed Ihsan Essaid as co-head of its global mergers and acquisitions business, according to a memo seen by Reuters on Thursday.

German landlord Adler asks KPMG to extend special audit

German landlord Adler Group on Thursday said KPMG had not refuted all the claims a short seller had made against it and it had asked the accountancy firm to extend a special audit it is carrying out.

Russia to pay external debt in roubles if forex accounts remain blocked, TASS says

Russia will service its external obligations in roubles if foreign exchange accounts of the central bank and the government remain blocked by the western sanctions, Finance Minister Anton Siluanov was quoted as saying by TASS news agency.

U.S. households started year flush ahead of oil shock

U.S. household wealth rose to a record $150.3 trillion in the final quarter of last year, a Federal Reserve report on Thursday showed, a financial cushion that may keep consumers spending and limit the economic damage from Russia's invasion of Ukraine.

Deutsche Bank raises profit target for 2025

Deutsche Bank is aiming for higher annual revenue and a lower cost-to-income ratio by 2025, Germany's largest lender said on Thursday as it mapped out its financial plans for the coming years.

Euro zone bond yields soar as ECB presses on with stimulus exit

Euro zone bond yields soared on Thursday after the European Central Bank said it plans to end bond buying in the third quarter, as surging inflation outweighs the risks to economic growth from Russia's invasion of Ukraine.

Related Videos

Wall St. ends higher as Powell assuages rate worries

Russian invasion 'pretty much locks in' gradual move by Fed -portfolio manager

Markets 'are beginning to accept this negative news event' -portfolio manager