Government of Singapore Investment Corp., which manages more than $100 billion of assets, said it’s more cautious about seeking higher returns as yields remain low ahead of the “end game” in the next five to 10 years.
President Barack Obama said a $32 million government grant to a maker of battery-driven trucks is an example of how government funding can help businesses generate jobs as the nation recovers from a “brutal recession.”
Climate activists amassed an impressive army to march on Washington against the Keystone XL pipeline and the dirty oil it would bring from Canada to U.S. refineries and world energy markets. In this fight, however, a relatively small volume of carbon-dioxide emissions is at stake -- the Environmental Protection Agency estimates that those from Keystone amount to a mere 0.2 percent of the “carbon budget” that scientists say we need to shrink in order to avoid catastrophic warming.
U.K. banks including Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc may avoid the need to sell new shares to bolster their balance sheets after the Bank of England used more lenient rules than those advocated by European regulators.