European battery companies call on EU for more support
A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership...
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Carbon credit market confidence ebbs as big names retreat
LONDON, Sept 1 (Reuters) - Voluntary carbon markets have shrunk for the first time in at least seven years, as...
Factbox: Scrutiny of iris-scanning crypto project Worldcoin grows
A general view of the biometric imaging device, the Orb of the identity and financial public utility Worldcoin, to create...
China EV maker Hozon Auto appoints banks for $1 billion Hong Kong IPO, sources say
People wearing face masks following the coronavirus disease (COVID-19) outbreak are seen inside a Neta U car by Hozon at the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 27, 2020. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsHONG KONG/SYDNEY, Sept 1 (Reuters) - Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter.Hozon's...
Most European banks’ deposits hit as savers hunt for deals -S&P
A person stands on the bank of the River Thames during sunrise, with the City of London financial district in...
NY Fed defends cutoff of Puerto Rican bank after Venezuela-linked crackdown
The Federal Reserve Bank of New York building is seen in the Manhattan borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNEW YORK, Aug 23 (Reuters) - The Federal Reserve Bank of New York on Wednesday defended its plan to cut off a Puerto Rican lender's access to the U.S. central banking system following a federal crackdown on banks with links to Venezuela.In July, Banco San Juan Internacional (BSJI) sued the New York Fed to halt the looming termination of its "master account," which lets...
China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says
Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire...
Exclusive: Bridgewater’s flagship fund was bearish on US stocks as rally fizzled
Bridgewater's Pure Alpha most bearish on developed market bondsAlso bearish about the U.S. dollar, metals and stocksEuro, Singapore dollar were...
Hedge funds land bonuses despite returns below bank savings rates -Goldman
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 15 (Reuters) - Most...
Exclusive: Canadian pension funds explore $6 bln sale of renewables firm Cubico -sources
NEW YORK, Aug 10 (Reuters) - Two of Canada's biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy firm at about $6 billion or more, including debt, according to people familiar with the matter.Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) are looking to appoint a financial advisor in the coming weeks, the sources said, adding the sale could take several months to complete.The sources, who requested anonymity as the matter is confidential, cautioned...