Bloomberg HSBC Holdings Plc will aim to reach a net-zero carbon client portfolio by 2050 in a step to align its business activities to the goals of the Paris climate agreement. The London-based bank, which has previously come under fire for financing harmful environmental activity, also pledged to provide as much as $1 trillion over the next decade to assist ...

Bloomberg The Chinese onshore yuan notched up its biggest rally in more than 13 years as the central bank allowed optimism over a “blue wave” in the US election to push the currency higher. Analysts are predicting more gains ahead. The onshore yuan advanced 1.58% in the first trading session of October after a national holiday, while its offshore counterpart ...

Bloomberg India’s central bank and the federal government have urged the nation’s Supreme Court to reject pleas by borrowers to extend a loan repayment holiday. The Reserve Bank of India (RBI) and the government filed their written views following an order by the court, saying the measures announced so far to increase liquidity and lower borrowing costs are having a ...