Climate-risk disclosure requirements will spark huge investments: U.S. official

2/2 © Reuters. FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua 2/2 By Andrea Shalal WASHINGTON (Reuters) – Requiring financial institutions and companies to disclose climate change risks will trigger huge shifts in capital investments around the world, U.S. […]

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Texas utilities can’t stick customers with huge bills after storm: Abbott

© Reuters. FILE PHOTO: A car idles in a driveway on Jordan Drive, a street with no power in the early morning in Corpus Christi By Linda So and Jonathan Allen (Reuters) – Texas utility regulators will temporarily ban power companies from billing customers or disconnecting them for non-payment, after the deadly winter storm that […]

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Oil Prices up Again on U.S. Crude Draw, Despite Huge Fuel Builds

© Reuters. By Barani Krishnan Investing.com — Oil prices extended their rally on Wednesday after the U.S. government reported an outsized weekly drop in crude stocks that seemed to reflect a heavy year-end destocking exercise by barrel holders to avoid taxation.  The data for the final week of 2020 from the U.S. Energy Information Administration […]

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Oil Dips But Clinches 6th Winning Week, Defying Huge U.S. Builds

© Reuters. By Barani Krishnan Investing.com – Oil prices fell on Friday but still rose for a sixth straight week after longs in the market ignored creeping U.S. crude stockpiles and weakening demand for fuels on the notion these will sort out once coronavirus vaccines get more people out and the economy moving. New York-traded […]

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Longtime Bond Bull Lacy Hunt Sees One Huge Risk

Longtime Bond Bull Lacy Hunt Sees One Huge Risk (Bloomberg Opinion) — Few economists have the long-term track record of Lacy Hunt at Hoisington Investment Management.  For more than three decades, Hunt has held the view that U.S. Treasury yields would fall, fall and then fall some more. That was true when the bond yielded 9% in […]

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World Bank sees ‘huge willingness’ to suspend debt payments for poorest countries

© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua By Andrea Shalal WASHINGTON (Reuters) – The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the world’s […]

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