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Poor countries missing out on pre-arranged climate disaster finance
Nov 16 (Reuters) – The poorest and most vulnerable countries do not benefit enough from pre-arranged financing to cope with disasters and are most exposed to the losses and damage caused by climate change, the London-based Centre for Disaster Protection said on Thursday.Pre-arranged financing (PAF) represents money borrowed by the issuer from capital markets, in…
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Opinion: Hong Kong’s financial summit spells good fortune for the city
Bringing together around 300 of the most influential business leaders from 160 global financial institutions, many of whom are clients of the Hong Kong Monetary Authority, is a massive task, particularly in today’s complex geopolitical climate – not to mention at a time when much of the international media coverage unfairly detracts from Hong Kong’s…
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Western investors spooked as Moscow mulls compulsory share purchase plan
SummaryCompaniesThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineLONDON/MOSCOW, Nov 16 (Reuters) – Western investors in Russian companies are bracing for a new presidential decree under consideration in Moscow which they fear could force them to sell their shareholdings to the Russian government at big discounts.The potential…
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Financial institutions can now finance nature and biodiversity projects via new database.
UNEP FI members can now access a new database that matches nature- and biodiversity-related projects with public and private funders, facilitating an effective allocation of financial resources for biodiversity conservation and restoration. The loss of biodiversity and destruction of ecosystems is estimated to cost the global economy trillions of dollars. While nature efforts are mounting,…
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Poorer EU regions look to citizens to finance the green transition
Deprived EU regions are looking at innovative solutions like crowdfunding and citizen-led energy communities to finance the transition to a net-zero economy. As the EU moves forward with the green transition, some European regions fear being left behind in the face of the capital-intensive investments ahead. Regions in countries like Romania and Bulgaria, where GDP…
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Argentina investors brace for financial pain no matter who wins presidency
NEW YORK, Nov 16 (Reuters) – Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president, with social unrest as top of mind as a much-needed fiscal adjustment will likely trigger even more inflation.Economy minister Sergio Massa and populist outsider Javier Milei…
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Bajaj Finance share price falls over 3% as RBI bars lending via two digital products
The central bank has directed the company to stop sanction and disbursal of loans under its two lending products namely, ‘eCOM’ and ‘Insta EMI Card’, with immediate effect, particularly with respect to non-issuance of Key Fact Statements (KFS) to the borrowers under these two lending products and the deficiencies in the Key Fact Statements issued…
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India’s Bajaj Finance falls after cenbank stops co from issuing loans under two products
BENGALURU, Nov 16 (Reuters) – Shares of Bajaj Finance (BJFN.NS) fell as much as 4.1% to 6,931.25 rupees on Thursday, a day after India’s central bank barred the non-bank lender from issuing loans under two products with immediate effect.Reporting by Kashish Tandon in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles. Acquire…
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Bajaj Finance may fall on RBI ban; analysts see limited impact but eye quick resolution
Bajaj Finance Limited is a diversified non-bank finance company with a financial products portfolio across Consumer, SME and Commercial lending.
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Indian Railway Finance Corporation Share Price Live blog for 16 Nov 2023
The last day of Indian Railway Finance Corporation saw an open price of ₹74.4 and a close price of ₹73.65. The stock reached a high of ₹74.8 and a low of ₹73.14. The market capitalization of the company is ₹96,014.31 crore. The 52-week high for the stock is ₹92.94 and the 52-week low is ₹24.4.…