Business

JPMorgan shoots for green finance stratosphere as ESG target tops peer plans

JPMorgan Chase & Co (JPM.N) aims to lend, invest and provide other financial services for up to $2.5 trillion of banking business to be done for companies and projects tackling climate change and social inequality over the next decade. In a statement on Thursday, JPMorgan said green initiatives will account for $1 trillion of that […]

Business

Cathie Wood’s Ark buys into Coinbase, sells a bit of Tesla

Cathie Wood’s Ark funds bought $246 million worth of Coinbase (COIN.O) shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some of their Tesla (TSLA.O) stock, just under a month after talking up the carmaker. The bet on Coinbase gives Ark more indirect exposure to cryptocurrencies on top of their big bets on […]

Business

Policy hawks, courts will test ECB and euro debt markets

Euro zone politicians, courts and policy hawks will pose a stiff challenge this year to the ECB’s resolve to pin down the bloc’s borrowing costs, precisely at a time when higher U.S. Treasury yields are tempting investors away from European markets. The European Central Bank has held sovereign debt yields low through bond purchases, and […]

Business

Brexit makes Amsterdam a top 5 destination for fleeing UK firms

Amsterdam was one of the five place in the European Union most successful at luring British financial firms who were looking to establish a new headquarters office or hub because of Brexit. Think tank New Financial released a report on Friday saying that 440 of the companies moved operations and thousands of staff members out […]

Business

Crypto flagship Coinbase jumps 11% after stormy Nasdaq debut

Coinbase Global Inc (COIN.O) shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion. The debut, done through a direct listing where no shares are sold ahead of the opening, marked another milestone […]

Business

Carbon tax could help Asian countries hit climate targets -IMF

A carbon price that starts low and rises steadily could help Asian countries reach their targets under the Paris climate accord over the next decade, the head of the International Monetary Fund said on Thursday, citing new IMF research. IMF Managing Director Kristalina Georgieva told an event hosted by the People’s Bank of China that […]

Business

Big business seeks unified, market-based approaches ahead of climate summit

Corporate executives and investors say they want world leaders at next week’s climate summit to embrace a unified and market-based approach to slashing their carbon emissions. The request reflects the business world’s growing acceptance that the world needs to sharply reduce global greenhouse gas emissions, as well as its fear that doing so too quickly […]