Bloomberg This year’s rally in exchange-traded funds specialising in clean energy is leaving larger peers in the environmental, social and governance (ESG) sector far behind. One example is the $1.2 billion Invesco Solar ETF’s 75% jump this year, which exceeds the 9% climb in the $8.6 billion iShares ESG Aware MSCI USA ETF, the biggest such fund in the ESG …

Bloomberg China’s biggest banks are suffering their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad. Reporting their first-half earnings on Sunday, China Construction Bank Corp., (CCB) the world’s second-largest lender by assets, said profit slid 11% in the period, while Agricultural Bank of China Ltd., (AgBank), China’s third …

Bloomberg The Bank of England (BOE) has plenty of room to add more monetary stimulus to fight UK’s economic slump, including negative interest rates if needed, Governor Andrew Bailey said. “We are not out of firepower by any means,” he said at the Federal Reserve’s annual policy symposium, being held virtually instead of the traditional venue at Jackson Hole, Wyoming. “To …