BUSINESS

U.S. SEC To Unveil Rule To Crackdown On Funds 'Greenwashing'

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021.
The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures.

Twitter To Hold Annual Meeting Amid Musk Uncertainty

Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022.
Twitter Inc will face skeptical shareholders on Wednesday during its annual meeting, as doubt remains over whether the social media company will complete its deal to be acquired by billionaire Elon Musk at the agreed-upon price.
Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022.

Twitter Investors Support Some Shareholder Proposals

Twitter Inc investors voted in favor of creating reports on electoral spending and on risks of using concealment clauses at a meeting on Wednesday that avoided the biggest question for the social media company: will it complete its deal to be acquired by billionaire Elon Musk for $44 billion.
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Potential job applicants line up to register for "Amazon Jobs Day," a job fair being held at 10 fulfillment centers across the United States aimed at filling more than 50,000 jobs, at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., A

Amazon Shareholders Vote Against Investor-led Proposals

Amazon.com Inc shareholders on Wednesday voted against all investor-led resolutions that challenged the company's policies - including its use of plastics and certain concealment clauses in contracts - at the company's annual meeting.
Potential job applicants line up to register for "Amazon Jobs Day," a job fair being held at 10 fulfillment centers across the United States aimed at filling more than 50,000 jobs, at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., A

Amazon.com Faces Record Challenges At Shareholder Meeting

Amazon.com Inc faces 14 investor resolutions challenging its policies at its annual shareholder meeting on Wednesday, a record for the retail and cloud computing giant, as socially minded investors scrutinize its treatment of workers.
Model of petrol pump is seen in front of Ukraine and Russian flag colors in this illustration taken March 25, 2022.

Russian Oil's Achilles' Heel: Insurance

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters.
A New Zealand Dollar note is seen in this picture illustration June 2, 2017.

Dollar Off 1-mth Low, Kiwi Cedes Post-rate Hike Gain

The U.S. dollar snapped a two-day losing streak on Wednesday as Treasury yields paused recent falls, its gain taking the edge off the euro as well as the kiwi dollar which had been lifted earlier by a hawkish central bank message.

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