Japan’s Nikkei has risen 2.3% to a one-month high after Prime Minister Fumio Kishida’s Liberal Democratic Party won by a surprisingly strong election victory, raising hopes for stability and stimulus in the term ahead. The Prime Minister announced he would pursue defence policies aimed at deterring China, address climate change and accelerate recovery from the …
Nearly 90 countries have joined a U.S. and EU-led effort to decrease emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said.Methane is the main greenhouse gas after carbon dioxide. It has a higher …
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Chinese fund managers are rushing to set up wind power funds, in the latest move to capitalise on investors’ green fever, as global climate talks in Glasgow rekindle interest in China’s carbon neutrality pledge.So far there have been more than 10 fund managers who’ve applied to set up China’s first batch of exchange-traded funds (ETF) …
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Norway’s largest pension fund KLP said it would no longer invest in 14 major weapons makers and their suppliers, including Raytheon Technologies Corporation and Rolls-Royce.According to KLP, they have excluded certain companies located in Britain, China, France, Israel, India, Italy and the United States, because they produce certain types of weapons, mostly involving nuclear arms, that …
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A union-affiliated pension fund advisor has been pressing Rivian on human rights and environment concerns in the electric vehicle start-up’s battery supply chain ahead of a blockbuster initial public offering, has stated that the company’s response fell short of expectations. According to Reuters, SOC Investment Group Executive Director Dieter Waizenegger said he was disappointed in …
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Singapore’s central bank claim that more than 400 variable capital companies (VCCs) have been set up or relocated to the city-state in less than two years since the new corporate structure was launched to cement its position as a financial hub. The framework gives fund managers more flexibility in share issuance and dividend payment and …
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