The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows.
Federal Reserve Vice Chairman Richard Clarida disputed suggestions that the central bank suffers from a “hall of mirrors” problem under which it slavishly follows financial-market expectations for monetary policy.“In my experience this affliction is one the Federal Reserve guards against and does not suffer from,” he said in a speech to be delivered Friday to a monetary policy forum in New York.As the Fed reduced rates last year, some economists questioned whether such action was necessary given
…Ex-paratrooper Jean Pierre Mustier may end up parachuting into HSBC as its new chief executive. It would cause consternation within the big Asia-focused bank . The job typically goes to insiders like…
Reserve Bank of India Governor Shaktikanta Das has said the central bank has already initiated discussions with some institutions and efforts are on for inclusion of government bonds in global indices as quickly as possible.
The European Investment Bank is mulling investments in 10 more projects in Ukraine through 2020, its head representative in the country Jean-Erik de Zagon has told the Kyiv Post.
…An influential member of the Federal Reserve’s board of governors has called for the central bank to set temporary inflation targets above its current goal of 2 per cent, to make up for periods when…
Chen Feng, founder of the debt-laden Chinese airlines-to-finance group HNA that spent tens of billions of dollars on deals in the middle of the last decade, including Irish aircraft lessor Avolon, declared in December that one of the worst bouts of corporate indigestion globally in recent times was set to ease.
Moreover, the People’s Bank of China has lowered the policy rate and pumped a good $115 billion of additional liquidity into the economy to support the economic situation.
…investors are expecting. Signs of complacency about the coronavirus abound. According to Bank of America’s February global survey of fund managers, cash comprises only 4 per cent of portfolios, the lowest…
Slovenian banks generated a combined pre-tax profit of EUR 597.4 million last year, which the central bank says is the highest pre-tax profit on record. The figure is up 12.5% from the year before.
HP is widely expected to once again reject the Xerox bid on Monday when the PC and printer company reports earnings for its January quarter.