Hong Kong stocks heading for bear market, yuan drops as China data misses
HONG KONG, May 31 (Reuters) – Hong Kong stocks fell more than 2% on Wednesday, just shy of bear market territory, spurred by disappointing Chinese factory data and...
World’s biggest investment fund says firms mismanaging climate risk could face exclusion from next year
Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Norway’s $1.4 trillion...
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
Christine Lagarde (R), President of the European Central Bank (ECB), and Vicepresident Luis de Guindos (L) Financial markets could face a sharp downturn in the event of any further shocks to the...
Policy Watch: World dangerously lagging on plugging methane emissions
May 31 – The World Meteorological Organization (WMO) recently confirmed what many had feared. By 2027, average global temperature rise will be more than 1.5...
Franklin Templeton to buy Putnam Investments from Great-West Lifeco
(Reuters) -Franklin Resources Inc, a global investment management firm that operates as Franklin Templeton, plans to acquire asset manager Putnam Investments from...