Currencies
The dollar slipped while the gold prices ticked higher. The U.S. dollar slipped.
Oil
Oil fell as an industry report showed U.S. crude inventories rose unexpectedly last week in a sign demand may be weakening.
United States
UBS offer UBS is offering to buy back 2.75 billion euros ($3 billion) worth of bonds it issued to investors just days before rescuing Credit Suisse. Financed emissions: For 2021, UBS recorded a 42% reduction in absolute emissions in lending to the fossil fuel industry, according to a report earlier this month. Own emissions: UBS s scope 1 and 2 emissions in 2022 totaled 12,400 metric tons of CO2 equivalent; Credit Suisse emissions were 19,971 metric tons.
Sustainable finance: UBS plans to allocate $400 billion to so-called sustainable investments by 2025; Credit Suisse s goal was at least $325 billion by 2030. Backstopping banks | Treasury Secretary Janet Yellen said the US could repeat moves to shield bank depositors if smaller lenders are threatened. Confidence vs concern | The US construction industry s first major trade event since 2020 felt like a celebration. Stocks waver European stocks fluctuated in a narrow range and US equity futures edged lower as investors prepared for the Fed s decision.
“On March 21, Ozon filed an appeal against Nasdaq’s decision on the compulsory delisting of the company’s American depositary shares,” Ozon said in a statement. Just as UBS is sorting through Credit Suisse s assets, properties and personnel, it s also taking on its former rival s carbon emissions. News to Note The US condemned an Israeli parliament vote repealing a 2005 law that barred settlers from parts of the West Bank, calling the move provocative and counterproductive.
Sustainable finance: UBS plans to allocate $400 billion to so-called sustainable investments by 2025; Credit Suisse s goal was at least $325 billion by 2030. Backstopping banks | Treasury Secretary Janet Yellen said the US could repeat moves to shield bank depositors if smaller lenders are threatened. Confidence vs concern | The US construction industry s first major trade event since 2020 felt like a celebration. Stocks waver European stocks fluctuated in a narrow range and US equity futures edged lower as investors prepared for the Fed s decision.
“On March 21, Ozon filed an appeal against Nasdaq’s decision on the compulsory delisting of the company’s American depositary shares,” Ozon said in a statement. Just as UBS is sorting through Credit Suisse s assets, properties and personnel, it s also taking on its former rival s carbon emissions. News to Note The US condemned an Israeli parliament vote repealing a 2005 law that barred settlers from parts of the West Bank, calling the move provocative and counterproductive.
China
Beijing warned vulnerable residents to stay indoors Wednesday Photographer: Mark Schiefelbein/AP It takes a lot of energy to clean up carbon.
Europe
Sustainable finance in brief The European Union is cracking down on greenwashing everywhere from the supermarket to the skies. Brexit and Boris Johnson return to test Sunak on crunch day.
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