(Reuters) – A Texas official on Monday added HSBC Holdings to an energy sanctions list, widening a crackdown on companies which in the state’s view are too focused on energy transition. Republican-led U.S. states have alleged companies are prioritizing environmental, social and governance policies (ESG) over their financial responsibilities to their shareholders. The move could …
By John O’Donnell and Andres Gonzalez ZURICH (Reuters) – Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing a move that would jolt the globe. While the nation’s central bank and financial regulator publicly declared that Credit Suisse was sound, behind …
Switzerland’s secretive Credit Suisse rescue rocks global finance Read More »
LONDON (Reuters) – British power generator SSE will invest 100 million pounds ($122 million) in a Scottish pumped hydro scheme which could help boost the country’s energy storage capacity, it said on Tuesday. Pumped hydro plants work by pumping water uphill to a higher reservoir before releasing it to enable water to flow downhill through …
SSE to invest $122 million in Scottish pumped hydro project Read More »
By Huw Jones LONDON (Reuters) – Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial centre by 2030. The City of London, home to Britain’s historic financial district, said that Lloyd’s insurance market, asset manager Schroders, auditor …
Britain’s financial industry plans blueprint for post-Brexit ‘kickstart’ Read More »
By Nick Carey LONDON (Reuters) – Charging electric vehicles (EV) using public chargers on Britain’s streets can cost up to 1,515 pounds ($1,854.51) more annually than for those using a charger at home, according to an analysis of fees by pro-EV campaign group FairCharge. The analysis showed that the average cost to charge an EV …
Charging EVs can cost $1,800 more annually on UK streets than at home – analysis Read More »
By David Shepardson (Reuters) – South Carolina Governor Henry McMaster on Monday signed legislation approving $1.29 billion in state incentives for Volkswagen’s off-road brand Scout Motors to build a $2 billion manufacturing plant for trucks and SUVs. The project could also receive up to $180 million in job development tax credits based on hiring, said …
Volkswagen’s Scout unit wins $1.3 billion in incentives for South Carolina factory Read More »
By Elizabeth Pineau and Layli Foroudi PARIS (Reuters) – Protesters set piles of rubbish on fire in central Paris on Monday after President Emmanuel Macron’s government narrowly survived a no-confidence motion in parliament on Monday over a deeply unpopular pension reform. The failure of the no-confidence vote will be a relief to Macron. Had it …
Protesters set rubbish on fire as French govt barely survives no-confidence vote Read More »
By Medha Singh and Ankika Biswas (Reuters) – Shares of First Republic Bank closed 47% lower on Monday, adding to recent losses as concerns about its liquidity continued to worry investors despite a $30 billion influx of deposits last week. The bank’s stock fell as much as 50% and closed at $12.18 after the New …
First Republic shares tumble again as liquidity fears linger Read More »
By Dan Williams JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu on Monday announced a softening of his judicial overhaul plan but an unallayed opposition said it would still challenge key legislation in the Supreme Court, setting the stage for a constitutional showdown. The package of reforms sought by Netanyahu’s religious-nationalist coalition have triggered weeks of …
Netanyahu softens judicial overhaul but showdown with top court looms Read More »
VIENNA (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann on Monday watered down his recent call for three further interest-rate increases of 50 basis points in quick succession. Holzmann, who heads the Austrian National Bank, told German business daily Handelsblatt two weeks ago the ECB should raise rates by 50 basis points at each …
ECB’s Holzmann waters down call for three more rate hikes Read More »
