Reuters blog archive
Financial products based on renewable energy and sustainable agriculture are emerging in Islamic finance as asset managers seek a crossover opportunity between ethical and sharia-compliant investing.
Islamic finance follows religious principles which forbid involvement in activities such as gambling, tobacco and alcohol, but the industry has only recently begun to stress themes of wider social responsibility, such as protecting the environment.
Last week, Malaysia announced guidelines for issuance of socially responsible sukuk (Islamic bonds), aimed at helping firms raise money for projects ranging from renewable energy to affordable housing.
In Northern Ireland, the flags of Israel and the Palestinians are potent symbols of conflict - but here they divide Catholics and Protestants rather than Jews and Muslims.
Pope Francis normally has no competition for attention when he is in a room but it was different on Monday when another larger-than-life Argentine - soccer great Diego Maradona - attended a papal event.
from Alan Baldwin:
LONDON, Sept 2 (Reuters) - Alejandro Agag, the man leading the world's first all-electric car racing series, laughingly describes himself as an 'old petrolhead' who likes a bit of noise.
The joke stops there, however. The 43-year-old chief executive has silenced the doubters who only two years ago were questioning whether he could turn his 'Formula E' plans into reality and next week he hopes to show he is on to a winner.
from Reuters FYI:
Triathlons draw more middle-aged athletes looking for a new challenge.
Ferguson, Missouri police officers will now wear body cameras, after the shooting of an unarmed black teenager sparked outrage.
By Rob Cox
The author is a Breakingviews columnist. The opinions expressed are his own.
Nine years ago, Breakingviews proposed an “extreme idea” to Citigroup’s then-leader Charles Prince. The $240 billion New York bank’s market capitalization was lower than the worth of its parts valued separately. By splitting into three separate units, the idea was, Prince could hand shareholders an extra $50 billion or so, the equivalent of one entire U.S. Bancorp at the time.
As it turned out, Citi had bigger concerns ahead. The housing crash exposed spectacular losses, wiping out capital and necessitating a government bailout. Prince was sent dancing onto the golf course. With the crisis now fairly distant in the rear-view mirror, however, it’s time for current Chief Executive Michael Corbat to revisit the case for a breakup.
from The Great Debate:
Ever since the Ukrainian revolution in February this year, the Eastern European country has witnessed spiraling political instability and bloodshed.
Former President Viktor Yanukovich, a Kremlin ally, was driven out by demonstrators in the city’s Independence Square after he refused to sign a political and trade accord with the European Union, which would have brought Ukraine closer to the West.
from The Great Debate:
In her recently published memoir Hard Choices, former Senator Hillary Clinton recounts the meeting, nine days after the election of 2008, when President-elect Barack Obama first asked her to be his secretary of state. He “presented a well-considered argument,” she writes, “explaining that he would have to concentrate most of his time and attention on the economic crisis and needed someone of stature to represent him abroad.”
No doubt he meant that sincerely -- the U.S. financial system was still deep in crisis — but in the context of events this summer, Obama’s assumption that he would be focused mainly on domestic concerns suggests how little even a president of the United States can claim control of world events. The murders of American journalists James Foley and now Steven Sotloff by the Islamic State have put a very fine point on that.
By Dominic Elliott
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Investment banks that are too successful in mitigating the impact of Europe’s new bonus curbs could be setting up another fight over pay. Most big banks are now paying so-called allowances to circumvent European Union rules, which bar firms from paying bonuses worth more than double base salary. If policymakers conclude that bankers are still wrongly paid, they could do something about it.