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More equity financing will cut emissions: ECB

Bloomberg Expanding stock markets could be good for the earth, according to research from the European Central Bank (ECB). Economies receiving more funding from stock markets than credit markets generate less carbon, it said in a paper. Increasing the global share of equity financing to half would reduce aggregate per capita carbon emissions by about a quarter of the Paris ...

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Global risk binge gives central bankers cause to shudder

Bloomberg Global central banks are approaching the end of the year with a collective shudder at the risky behaviour that their low interest-rate policies are encouraging. Policy makers from European Central Bank (ECB) and the Federal Reserve are among those raising cautionary flags at potentially unsafe investing stoked by their efforts to flood economies with ultra-cheap money. Stock indexes from ...

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Modi needs rivals’ help to meet $3 trillion infra target

Bloomberg Prime minister Narendra Modi must invest trillions of dollars on roads and other critical infrastructure if he’s to pull India’s economy out of its slump, with at least half coming from provincial governments that are out of his control. India will need to spend 235 trillion rupees ($3.3 trillion) on infrastructure over the coming decade to return economic growth ...

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