Business

Investors get lost in Big Oil’s carbon accounting maze

Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say. Investors have poured money into so-called sustainable funds, which take into account companies’ environmental, social, legal and other […]

Business

Bank of France keeps forecasts for third-quarter GDP growth at 0.3%

The Bank of France maintained on Wednesday its earlier forecasts for third-quarter French economic growth at 0.3%, as the euro zone’s second-biggest economy shows relative resilience amid signs of a recession in the broader region. The Bank of France said its measure of sentiment in the country’s manufacturing industry fell to 96 points in September […]

Business

Germany wants a woman to succeed Lautenschlaeger at ECB: Scholz

Germany’s Finance Minister Olaf Scholz on Wednesday indicated that he was in favor of a woman succeeding German board member Sabine Lautenschlaeger at the European Central Bank. “Pure men-only clubs are not a good idea,” he told private broadcaster n-tv. The ECB in September announced that Lautenschlaeger, Germany’s nominee, the only woman on the European […]

Business

World Bank raises Poland’s 2019 GDP growth forecast to 4.3%

The World Bank on Wednesday raised its forecast for Poland’s GDP growth in 2019 to 4.3% from the 4.0% expected in April, citing rising domestic consumption and a rebound in investment. The bank has maintained its growth projections for Poland’s economy in 2020 and 2021 at 3.6% and 3.3%, respectively. “While Poland’s growth is one […]

Business

Stocks rise on trade truce bets; lira shaken by Turkey move on Syria

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever. Sterling was little changed against the dollar after losing nearly 1% over […]

Business

Goldman evaluating role in China’s Megvii IPO after U.S. blacklist

Goldman Sachs Group Inc (GS.N) said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist. The Trump administration said on Monday that Megvii and seven other Chinese companies were targeted because they were implicated […]

Business

Thai central bank says needed to keep policy space for future risks: minutes

Thailand’s central bank saw a need to preserve monetary policy space to address possible future risks, when it kept its benchmark rate on hold last month, meeting minutes showed on Wednesday. The Bank of Thailand (BOT) remains worried about the impact of the strength of the baht THB=TH on Southeast Asia’s second-largest economy and will […]