Bloomberg Banks in the world’s third-biggest polluting nation are poorly prepared to combat rising global warming risks, according to a new study by local research and advisory group Climate Risk Horizons. None of the 34 Indian banks surveyed in the report have a long-term net zero target year with an implementation plan covering so-called scope 1, 2 and 3 ...

  Bloomberg New Zealand’s central bank should continue with the swift normalisation of monetary policy to curb a growing inflation threat, according to the International Monetary Fund (IMF). “Given New Zealand’s strong cyclical position and inflationary pressures, significant increases in the official cash rate in the near term are appropriate,” the IMF said in the Concluding Statement of its Article ...

  Bloomberg Russia’s highly regarded central bank Governor Elvira Nabiullina sought to resign after Vladimir Putin ordered an invasion of Ukraine, only to be told by the president to stay, according to four people with knowledge of the discussions. Nominated for a new five-year term last week, Nabiullina’s current views couldn’t be learned. She is left to manage the fallout ...