The U.S. and China formally resumed stalled climate talks with China late last year following a meeting between President Joe Biden and President Xi Jinping.Story Published at: January 18, 2023 at 12:58PM
John Kerry says thawing U.S.-China tensions could make a huge difference to climate fight
Bank of America CEO says capitalism needs cleaning up with new global ESG rules
Brian Moynihan said the world needs a global standards line so business and society can say, “if you’re below it we shouldn’t do business with you.”Story Published at: January 18, 2023 at 12:43PM
Aramco chief warns of possible oil supply shortages, as Chinese demand set to surge
The latest IEA oil market report forecasts global oil demand will hit a record 101.7 million barrels per day this year — with nearly half of that coming from China.Story Published at: January 18, 2023 at 12:28PM
Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday.Story Published at: January 18, 2023 at 12:10PM
China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says
China’s economy will be “on fire” in the second half of 2023 as the economic performance of East and West diverges, according to Standard Chartered Chairman José Viñals.Story Published at: January 18, 2023 at 10:58AM
Putin could be ready to announce a second mobilization drive, analysts say
Russian President Vladimir Putin could be ready to announce another mobilization round, as Moscow looks to bolster its armed forces in Ukraine, analysts believe.Story Published at: January 18, 2023 at 10:36AM
UniCredit CEO says Europe may defy the odds and avoid a recession
Recent data points suggest the euro zone may defy the odds and avoid a recession, according to Andrea Orcel, CEO of Italian bank UniCredit.Story Published at: January 18, 2023 at 09:00AM
$1.4 trillion wipeout hits crypto industry at Davos — except for a lone flashy orange bitcoin car
After the 2022 crypto crash, fewer crypto companies were features on the Davos Promenade as the industry keeps spending in check. Story Published at: January 18, 2023 at 06:12AM
China’s economy looks set for a rebound in 2023, but a lot depends on one variable, KraneShares says
“As external demand falls due to an impending recession in the West, China’s economy must rely more heavily on the consumer,” said KraneShares.Story Published at: January 18, 2023 at 06:12AM
Japanese yen weakens as Bank of Japan makes no changes to yield curve range
The Japanese currency weakened against the U.S. dollar after the Bank of Japan surprised markets by keeping its yield curve tolerance band unchanged.Story Published at: January 18, 2023 at 03:04AM
