On Wednesday, in a significant development, according to a report from The Times, British Finance Minister Rishi Sunak plans on blocking companies from being listed on the London Stock Exchange on national security grounds. The proposed move will see the… Read More ›
In a statement Rolls-Royce said, it plans on raising $2.6 billion (2 billion pounds) from shareholders, 1 billion pounds from the bond market and secure loans to rebuild its balance sheet. The coronavirus pandemic has ravaged Rolls Royce’s finances after… Read More ›
In a significant development, the World Bank’s private-sector arm has introduced new climate change specific conditions, which encourages commercial banks and other financial lenders to wind down support for coal projects in Asia and Africa. The International Finance Corporation (IFC),… Read More ›
In a significant development, Citigroup Inc has named Jane Fraser, the head of its consumer banking division, as its next CEO, marking her as the first woman to break the glass ceiling to lead a major Wall Street bank. With… Read More ›
In a landmark moment for Europe’s push towards climate focused financing, investors lapped up Germany first-ever green bond. Germany has raised 6.5 billion euros from the 10-year bond after investors queued up for over 33 billion euros. “With today’s issue… Read More ›
On Wednesday, in a significant development, Unilever Plc said by 2030 it aims to remove fossil fuels from its cleaning products and will be investing 1 billion euros to that end, including cutting down on carbon emissions created by the… Read More ›
On Thursday, German airline Lufthansa stated, it is in advanced talks with the German government’s economic stabilization fund over a rescue deal worth up to $9.9 billion (9 billion euros); the deal potentially includes the German state taking a 20%… Read More ›
In an interview to German magazine Der Spiegel, the European Union’s Economics Commissioner Paolo Gentiloni said, the EU would need around $1.63 trillion (1.5 trillion euros) to mitigate issues revolving around the coronavirus crisis. “The Eurogroup has now made proposals… Read More ›
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
On Friday, French Finance Minister Bruno Le Maire stated, the French government has allocated $21.7 billion (20 billion euros) for helping big companies shore up their capital reserves. “We’ve decided to put credit on the fund, to put 20 billion… Read More ›
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