Thursday, September 30, 2021

Financial Post

Financial Post


Green-Bond Label Obscures Factory’s Record of Odor Violations

Posted: 30 Sep 2021 10:12 AM PDT

(Bloomberg) -- To the investors who are pouring into environmentally friendly debt funds, the $100 million "green bond" sale for a paper mill in Michigan this month probably seemed like a good fit.Graphic Packaging Holding Co. is using the proceeds to help finance a recycling facility at its sprawling factory in Kalamazoo, a project that promises to turn more than 500,000 tons of paper and cardboard waste annually into recycled food and beverage packaging.  Read More

S&P says it expects U.S. Congress to address debt ceiling on time

Posted: 30 Sep 2021 10:07 AM PDT

S&P Global Ratings said on Thursday it anticipates the U.S. Congress will address the debt ceiling in a timely manner, either by raising it or suspending it. Read More

California muddies U.S. weekly jobless claims; labor market recovering

Posted: 30 Sep 2021 10:07 AM PDT

WASHINGTON -- The number of Americans filing new claims for unemployment benefits rose further last week as California moved more people to another program following the expiration of government-funded aid early this month to maximize their access to assistance. Read More

CalPERS, Carlyle lead global push on ESG reporting

Posted: 30 Sep 2021 10:06 AM PDT

A group of global private equity firms and pensions funds managing over $4 trillion in assets said on Thursday they have agreed to standardize reporting on environmental, social and corporate governance (ESG) performance of portfolio companies. Read More

S&P 500, Dow tumble as Wall Street heads for monthly losses

Posted: 30 Sep 2021 10:03 AM PDT

The S&P 500 and the Dow tumbled on Thursday as concerns over economic growth and a possible government shutdown saw Wall Street headed for a steep monthly drop, while losses in the Nasdaq were mitigated by major technology stocks. Read More

CPABC: With limited fiscal room, B.C. government should focus on tax modernization to spur growth

Posted: 30 Sep 2021 10:01 AM PDT

VANCOUVER, British Columbia, Sept. 30, 2021 (GLOBE NEWSWIRE) -- As British Columbia recovers from its worst recession in 40 years, it is important that the provincial government focuses on modernizing its tax system to boost business productivity and promote long-term economic growth. Read More

Entrepreneur Mentored by Rakuten Billionaire Becomes One Himself

Posted: 30 Sep 2021 10:01 AM PDT

(Bloomberg) -- Soichiro Swimmy Minami came under the wing of Japanese billionaire Hiroshi Mikitani, the founder of e-commerce giant Rakuten Group Inc., when he worked at Rakuten's professional baseball team back in 2004.  Read More

Self-driving startup Aurora maps out commercial strategy

Posted: 30 Sep 2021 10:00 AM PDT

PALMER -- Self-driving startup Aurora says it has discovered a path to turn costly self-driving vehicles into a profitable business, showcasing its technology to investors this week ahead of a public listing it hopes will provide some $2 billion in additional funding. Read More

Fed’s Evans: inflation expectations not ‘out of hand’

Posted: 30 Sep 2021 10:00 AM PDT

Chicago Federal Reserve Bank President Charles Evans on Thursday said his read on a wide range of measures of inflation expectations does not suggest recent high inflation readings are getting entrenched into the long-term trajectory for U.S. prices. Read More

U.S. oil output rises in July – EIA

Posted: 30 Sep 2021 09:59 AM PDT

NEW YORK -- U.S. crude oil production increased by 31,000 barrels per day in July to 11.307 million bpd, up from a revised 11.276 million bpd in June, the U.S. Energy Information Administration said in a monthly report. Read More

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