The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries.
Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.
Investors managing around US$20 trillion in assets on Tuesday called on the heaviest corporate emitters of greenhouse gases to set science-based targets on the way to net zero carbon emissions by mid-century.
A Wisconsin factory hailed by President Donald Trump as proof he was reviving U.S. manufacturing did not create enough jobs in 2019 to earn its owner Foxconn Technology Group tax credits, the state said on Monday, the second year it has missed its targets.
Thirty of the world's largest investors managing a combined US$5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29per cent over the next five years.
Central banks set out to regulate cross-border stablecoins like Facebook's planned Libra with a common approach on Tuesday, saying more rules may later be needed to ensure stability.
Apollo Global Management Inc Chief Executive Leon Black told the buyout firm's investors on Monday that he regretted having had ties to the late financier and convicted sex offender Jeffrey Epstein, but denied any wrongdoing or inappropriate conduct related to his business and social relationship ...
Chinese financiers can gain from greater exposure to western counterparts and the economy can benefit from the access to capital they bring, says the Financial Times’ Patrick Jenkins.
Digital banking app Revolut is planning to apply for a bank charter with the Federal Reserve Bank of San Francisco and California's Division of Financial Institutions within weeks, CNBC reported https://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter ...
Walt Disney Co said on Monday it will manage its content under three separate groups - studios, general entertainment and sports - while housing its distribution and commercialization activities into a global media and entertainment distribution unit.
