Investors see less risk in Alberta's bonds, brushing aside a recent credit rating downgrade, as surging energy prices boost the outlook for the province's finances and oil sands operators begin to address the sustainable investment trend.
By Reuters Staff
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LONDON, June 1 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday the British central bank wants lenders and insurers to be more aware of the risks posed by climate change, but that it was not financial regulators’ role to enforce change.
Central banks around the world are increasingly focused on the costs of climate change as they try to steer a path for their economies and the financial systems through the transition to net zero carbon emissions as well as extreme weather events.
“The biggest component of the journey to net-zero rests not with central banks, but with government, through the delivery of sector-level climate policy pathways. Without these the real economy cannot adjust effectively,” Bailey said in a speech to the Reuters Responsible Business 2021 conference.
France will set up a new 3 billion euro ($3.67 billion) fund to support mid-sized and large companies as they emerge from the coronavirus crisis, French Finance Minister Bruno Le Maire said on Tuesday.
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LISBON, June 1 (Reuters) - Portugal’s Novo Banco, purged of the legacy of the collapsed Banco Espirito Santo (BES), is focusing on boosting profits to increase shareholder value, its chief executive said.
The bank reported 70.1 million euros ($85.8 million) in quarterly profit and a 12% jump in net interest income on Monday after billions of euros in losses since its rescue in 2014.
“It will be one of several quarters of positive results. Now, our priority - what guides and inspires us - is to increase the value of Novo Banco’s profitability and generate capital (internally),” CEO Antonio Ramalho told Reuters on Tuesday.
Portugal's Novo Banco, finally purged of the toxic legacy it inherited from the collapsed Banco Espirito Santo, is focusing on boosting profits to increase shareholder value, its chief executive officer told Reuters on Tuesday.