Since U.S. climate legislation failed in 2010, environmentalists and like-minded investors have begun campaigning to get investors to avoid fossil-fuel stocks. It’s worth putting the scale of that challenge in perspective.
Dubai’s benchmark index rose to the highest level in almost four months after FTSE Group categorized the United Arab Emirates as an emerging market, boosting confidence that foreign investment will increase.
Vanguard Group Inc.’s emerging markets fund managers will need to sell shares of South Korean companies after the largest U.S. mutual-fund company replaced MSCI Inc. with FTSE Group as the benchmark provider for six equity funds.
The U.S. Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange- traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter.
Standard & Poor’s, the world’s largest provider of securities indexes, started nine indicators for South African equities that it said will place more emphasis on liquidity than the all-share benchmark compiled by FTSE Group and the Johannesburg bourse.
Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.
UBS AG, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.