Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
Expanded Public Works Programme should fix surfaces to ease access to scenic spots such as Tsitsa Falls
The Competition Tribunal has approved the transaction without conditions
Mahumapelo is believed to be behind court challenge seeking to halt provincial conference
US exercise equipment company to close stores, raise prices and cut about 800 jobs
Expectations are retail sales grew about 0.5% in June, but indications are SA consumers are starting to feel the hurt from inflation
Tight race unfolding between the leading presidential candidates
The All Blacks might be the one team for whom altitude is not a disadvantage when they play the Springboks
Rushdie’s condition is not immediately known
When investors thought about how climate change might affect their portfolios a decade ago, their attention was usually focused on the companies they were investing in. How big was a firm’s carbon footprint, for example, compared with its industry peers? Nowadays, people looking at climate risk are increasingly focused on a new problem: the assets issued by governments.
Numerous sovereign bond funds focused on environmental, social and corporate governance (ESG) have emerged in the past 18 months, launched by everyone from the giant BlackRock to smaller firms such as Legg Mason and Ninety One. FTSE Russell has a climate risk sovereign debt index. These services cater to growing demand for ways to filter out climate risk in sovereign bond portfolios, and even the European pensions and insurance regulator Eiopa is paying more attention to how climate change could present risks to government bonds...
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