Bloomberg BNP Paribas SA’s targets for reducing funding of fossil fuels are inadequate as they leave room for firms like TotalEnergies SE to increase their output, activists including Reclaim Finance said. The Paris-based lender announced that it would reduce its funding of oil extraction and production by more than 80%, to less than €1 billion ($1.1 billion) by 2030. ...

  Bloomberg Bank of America Corp (BofA) named 360 managing directors, with more than half of the promotions awarded to women or people of colour. The appointments mark the third consecutive year that underrepresented groups made up the majority of the class, one of the people said, asking not to be identified discussing personnel matters. The executives were notified in ...

  Bloomberg Pakistan’s money exchange companies will let the currency drop slowly in the open market after deciding to abolish the limit on the dollar-rupee rate. The Exchange Companies Association of Pakistan (ECAP) has informed the central bank of its decision to remove the limit, President Malik Bostan said in a phone interview. The group had earlier voluntarily decided to ...