United Kingdom

Jessica DiNapoli

ISS CEO Retelny sees staff growth after Boerse deal

19 Nov 2020

BOSTON/NEW YORK Institutional Shareholder Services Inc expects its staff to keep increasing at a clip of more than 10% a year even after its takeover by German stock exchange operator Deutsche Boerse AG, ISS' chief executive said on Thursday.

Analysis: Sustainable investing advocates hope for friendlier U.S. rules if Biden wins

03 Nov 2020

NEW YORK/BOSTON Progressive groups and investors hope Democratic presidential nominee Joe Biden can win on Tuesday and quickly end Trump administration rules that stifle their ability to pick stocks using environmental, social or governance factors, setting up a renewed fight with corporate groups that backed the changes.

Labor Department finalizes U.S. rule curbing sustainable investing by pension funds

31 Oct 2020

NEW YORK/BOSTON The U.S. Department of Labor on Friday finalized a rule clarifying that pension fund managers must put retirees' financial interests first when allocating investments, rather than other concerns such as climate change or racial justice.

Exclusive: Investor group says Apollo director overseeing Epstein review is not independent

30 Oct 2020

NEW YORK A group representing U.S. pension funds says the head of an Apollo Global Management Inc committee overseeing the investigation of CEO Leon Black's ties to late financier and convicted sex offender Jeffrey Epstein is not independent.

Take a stance or tiptoe away? Corporate America's battle with social activism

27 Oct 2020

Earlier this year, a flood of major U.S. companies pledged to address racial inequality and promote social justice after Minneapolis police killed George Floyd, a Black man, setting off protests across the country.

GLOBAL MARKETS-Asian stocks set for slight gains after Wall Street ends higher

23 Oct 2020

NEW YORK, Oct 22 Asian stocks were set for cautious gains on Friday after positive U.S. economic data and signs of progress in stimulus talks in Washington lifted Wall Street benchmarks.

CORRECTED-GLOBAL MARKETS-Asian shares drop as U.S. stimulus talks drag on

22 Oct 2020

SHANGHAI/NEW YORK, Oct 22 Asian shares fell on Thursday and U.S. Treasury yields ticked lower as investors fretted over the slow pace of U.S. stimulus talks and a surge in global cases of COVID-19.

UPDATE 5-Apollo seeks to tame investor concerns over CEO's ties to Epstein

22 Oct 2020

Oct 21 Apollo Global Management Inc said on Wednesday it would launch an independent review of Chief Executive Leon Black's ties with late financier and convicted sex offender Jeffrey Epstein, as some of the private equity firm's investors issued statements for the first time expressing concerns.

GLOBAL MARKETS-Asian investors prepare for choppy trade as U.S. stimulus talks drag on

22 Oct 2020

NEW YORK, Oct 21 Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.

GLOBAL MARKETS-Asian stocks gain, yuan soars as traders bet on U.S. stimulus, again

21 Oct 2020

TOKYO/NEW YORK, Oct 21 Asian shares and U.S. stock futures rose on Wednesday as renewed hopes for a new round of U.S. stimulus drew money into equities from government debt.

World News