Bloomberg European countries should band together to create a “green capital market” to finance the transition to cleaner fuels and other initiatives needed to meet the Paris Agreement climate targets, UBS Group AG chairman Axel Weber said. Weber, speaking on a panel at the European Forum Alpbach in Austria, said Europe’s leading position in tackling pollution should help it create ...

Bloomberg Japan’s biggest brokerage has started offering subscriptions to a luxurious Italian food delivery service, where customers can use tokens to buy and trade dishes as their value fluctuates. An affiliate of Nomura Holdings Inc began selling the tokens, that exist on the blockchain, for four high-end food parcels a year from Masayuki Okuda, an award-winning Japanese chef famous for ...

Bloomberg Goldman Sachs Group Inc, JPMorgan Chase & Co and ICICI Securities Ltd were among banks picked to work on Life Insurance Corp. of India’s initial public offering, in what’s set be the nation’s biggest listing. Kotak Mahindra Capital Co, JM Financial Ltd., Citigroup Inc and Nomura Holdings Inc were also selected to work on the share sale that’s slated ...

Bloomberg Credit Suisse Group AG has pushed back the date from which it will require all US staff to return to the office to October 18, as the delta variant of Covid-19 continues to spread, according to a memo sent to staff and seen by Bloomberg. A September 7 return-to-office date remains in place for vaccinated workers, with those who ...

Bloomberg An Indian bank is planning to tap the offshore market for its debut sustainable perpetual bond amid growing demand for both riskier bank debt and sustainable investments. Axis Bank has hired banks to arrange investor meetings ahead of a potential Basel-compliant additional Tier I note sale, the proceeds of which are earmarked for green and social projects, a person ...

Bloomberg Some two dozen Metro Bank Plc office staff got an early taste of what hybrid working will look like this week as they trialled their firm’s new approach to office life. Hovering outside the lender’s Moorgate branch in the City of London until it opened at 8:30 am, colleagues on the bank’s financial crime team greeted each other in ...

Bloomberg Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector. The Hang Seng Tech Index rallied 1.1%, led by live streaming giant Kuaishou Technology and Alibaba Health Information Technology Ltd. Food delivery company Meituan erased earlier losses and rise 1.5% ahead of its results, ...

Bloomberg Stocks in Europe and US futures were steady on Monday, bolstered by Jerome Powell’s signal that pandemic-era Federal Reserve policy support will be withdrawn cautiously and gradually. Contracts on the S&P 500 were little changed and those on Nasdaq 100 edged higher after a record Wall Street close in the wake of Chair Powell’s Jackson Hole speech, while the ...

ABU DHABI / WAM The National Central Cooling Company PJSC (Tabreed) has announced the acquisition of an additional 50 percent stake in the exclusive 80,000 refrigeration ton district cooling scheme supplying Al Maryah Island in Abu Dhabi, including its major entertainment, hospitality, retail, commercial and residential developments. The acquisition is from joint venture partner, Mubadala Infrastructure Partners (MIP), bringing Tabreed’s ...

MOSCOW / WAM Dr Mohammed Ahmed Al Jaber, UAE Ambassador to Russia, has highlighted the importance of cooperation between the UAE and Russia in maintaining international security. In his statement to the Russian News Agency (TASS), Al Jaber said, “We are confident that the strategic cooperation and mutual trust between our leaderships will enable our countries to respond to threats ...