Carmakers must overhaul production plans to hit climate goals: report
The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors...
Stocks, dollar stumble ahead of Fed
Stock markets nudged down from more than three-month highs on Wednesday, while the dollar stumbled as caution took hold ahead of a U.S. Federal Reserve...
Cerberus demands changes at ‘disastrous’ Commerzbank
U.S. activist investor Cerberus is calling on Commerzbank to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy,...
Exclusive: ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt
European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of...
Bank of England ready to replenish its COVID-19 warchest
The Bank of England looks set to give itself at least another 100 billion pounds ($127 billion) in bond-buying firepower next week to try to...
Finnair seeks 500 million euros from shareholders to cope with crisis
Finnair launched a share sale on Wednesday to raise 500 million euros ($568 million) from its existing investors, almost as much as its current market...
Oil falls towards $40 as U.S. inventory rise revives glut worries
Oil fell more than 1% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving...
OECD sees deepest peace-time slump in a century
The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said on...
Germany should make provisions to ensure banks have sufficient capital: OECD
Germany should make provisions to ensure banks have sufficient capital in case of a wave of bankruptcies in Europe’s largest economy caused by the coronavirus...
Fed easing speculation keeps dollar under pressure
The euro held below a three-month high against the dollar amid speculation the U.S. Federal Reserve might announce more steps to check a recent rise...