Bond Vigilante Calls Out Financial Backers of Fossil Fuel yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Bond Vigilante Calls Out ‘Dead Fish’ Credit Investors on Climate
Bloomberg 7 hrs ago Alastair Marsh
(Bloomberg) Ulf Erlandsson isn’t your typical climate campaigner: He prefers the trading desk to the picket line.
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He pushed Amundi SA, Europe s largest asset manager, into divesting bonds in an Indian bank that was financing a coal mine, shamed HSBC Holdings Plc for failing to hold that same bank to account, and pressured a Japanese lender to announce it would stop funding coal power.
Erlandsson sees his particular brand of activism, shaped by almost two decades working in the debt markets, as a new form of bond vigilantism. He now spends his time pushing fixed-income investors and bankers to face up to the risks posed by climate change and their role in underwriting a warmer planet. He wants them to use their financial heft to increase the cost of capital for polluters and pressure companies to reinvent themselves for a low-car
Bond vigilante calls out credit investors on climate investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Morepen Laboratories Ltd, Meghmani Organics Ltd, Adani Ports & Special Economic Zone Ltd and Adani Enterprises Ltd are among the other gainers in the BSE s A group today, 06 April 2021.
Morepen Laboratories Ltd, Meghmani Organics Ltd, Adani Ports & Special Economic Zone Ltd and Adani Enterprises Ltd are among the other gainers in the BSE s A group today, 06 April 2021.
Panacea Biotec Ltd surged 19.99% to Rs 220.85 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 2.02 lakh shares were traded on the counter so far as against the average daily volumes of 14150 shares in the past one month.
Sensex, Nifty End Higher; Adani Ports Gains Most Since January 2009
Apr 06 2021, 3:39 PM
April 06 2021, 8:08 AM
April 06 2021, 3:39 PM
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A Volatile Trading Day
Indian equities fluctuated for most parts of the trading day, but managed to eke out modest gains as the session came to a close.
The S&P BSE Sensex ended 42 points higher at 49,201 while the NSE Nifty 50 index rose 0.3% to end at 14,683.
Gains on the Nifty were led by Adani Ports & Special Economic Zone Ltd., which ended 14.5% higher - its biggest single-day jump since January 2009. Other gainers on the Nifty were FMCG stocks like Tata Consumer Products Ltd. and Asian Paints Ltd.