Category: Uncategorized

(Bloomberg) — Banks and businesses should start assessing their risks to future climate change immediately and prepare for carbon prices to more than triple to $100 per ton by 2030, a senior Bank of England official warned. Read More

Bank of England Says Prepare for Carbon Prices to Triple to $100 — Financial Post

Toronto-Dominion Bank said on Thursday it had agreed to buy U.S. lender Wells Fargo & Co’s Canadian Direct Equipment Finance business. Read More

TD Bank to buy Wells Fargo’s Canadian Direct Equipment Finance business — Financial Post

The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden’s pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions. Read More

Dow, Nasdaq hit record highs as focus turns to Biden’s stimulus plan — Financial Post

MOSCOW — Russia edged into the world’s top-10 auto markets in 2020 due to a relatively small drop in sales as the pandemic battered other markets, the Association of European Businesses said on Thursday, citing preliminary data. Read More

Russian auto market nudged into global top-10 by pandemic – AEB — Financial Post

LONDON — Sterling rose to a fresh three-week high against the euro on Thursday as pushed-back expectations of negative interest rates and hopes for a quicker economic recovery in Britain due to its vaccination drive buoyed the currency. Read More

Pound hits fresh three-week high versus euro — Financial Post

NEW YORK — Treasury yields edged higher on Read More

Treasury yields edge up on expectations of Biden stimulus plan — Financial Post

WASHINGTON — Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, sources briefed on the matter said. Read More

Toyota to settle U.S. probe into delayed emissions defect reports for $180M — sources — Financial Post

WASHINGTON — Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, sources briefed on the matter said. Read More

Toyota to settle U.S. probe into delayed emissions defect reports for $180M — sources — Financial Post

(Bloomberg) — Halliburton Co. is swapping diesel-powered engines for grid-supplied electricity in the Permian Basin, the latest example of how the U.S. shale industry is looking for ways to reduce emissions amid heightened scrutiny from investors. Read More

Halliburton’s Permian Fracking Swaps Diesel for Grid Power — Financial Post

Airbnb, one of the biggest players in the short-term rental market, will cancel all reservations made in the Washington area next week and block new rentals, the company announced on Wednesday.

Airbnb to Cancel D.C. Reservations For Next Week — NYT > U.S. > Politics