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ONE of the world’s largest financiers of fossil fuels just bought a company that oversees 1.7 million acres of forest in the United States, Chile and New Zealand. Is that enough to make it green? The rest of Wall Street may hope so, but the reality is uncertain.
KUALA LUMPUR: Moody's Investors Service has affirmed the Baa2 issuer rating of Axiata Group Bhd which recently announced the proposed merger of its Malaysian operations with Norwegian telecom company, Telenor ASA.
LONDON: Europe’s biggest airlines are seeking to deflect moves to tighten carbon curbs by favouring an increasingly discredited offsetting programme, according to climate watchdog InfluenceMap.
THE growth in demand to invest in companies with strong environmental, social and governance (ESG) profile has gained pace as policymakers around the world drive a low-carbon economic transition to combat climate change.
Australia's economy extended its rapid recovery in the first quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped the country into recession.
TOKYO: Oil rose on Wednesday as worries about an increase in supplies from Iran were offset by optimism about improving U.S. fuel demand that was reinforced by a drop in weekly inventory estimates.
NEW YORK: Oil prices were little changed on Thursday as concerns over lower crude production in Libya offset expectations that rising coronavirus cases in India and Japan would cause energy demand to decline.
KUALA LUMPUR: Trading interest in the local telco sector single-handedly drove the FBM KLCI higher in the morning session, despite profit-taking in other sectors.
NEW YORK: Oil prices were little changed on Thursday as a falling dollar and rising stock markets offset earlier declines caused by a big increase in U.S. gasoline stockpiles and subdued demand compared with pre-pandemic levels.