As droughts worsen across the world, investors are turning up the heat on companies wasting water and trying to pick winners from a sparse crowd of specialist listed companies looking to address the problem.
Broker Marsh, a unit of Marsh & McLennan , said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change.
Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp.
HSBC raised its price targets on shares of Greece's four largest lenders after they posted strong performances in the first half, saying Eurobank and Piraeus Bank were its top picks.
The Indian rupee was trading lower versus the dollar on Monday as China's yuan led a broader decline in Asian currencies on concerns over the Federal Reserve's rate hike path.
The Indian rupee's fair value is around 80 against the U.S. dollar, given the country's balance of payment challenges and the Reserve Bank of India's interventions, JPMorgan's head of emerging Asia local markets strategy said.
The Indian rupee opened lower against the U.S. currency on Monday, as decline in Asian equities and bets that the Federal Reserve will continue to raise policy rates, boosted the dollar.
The Indian rupee will likely open lower against the dollar on Monday, as expectations that the Federal Reserve will keep tightening its policy boosted the U.S. currency and Treasury yields.
New Zealand's government said on Monday it had transferred Kiwibank's assets to a new state-owned company, since the lender no longer fit within the long-term plans for two state entities that currently own it.
Italy's Monte dei Paschi di Siena may raise a much-needed 2.5 billion euros ($2.5 billion) in steps, Italian daily La Repubblica reported on Sunday, as the bank looks to boost its capital by mid-November.
