Norway's sovereign wealth fund accused of 'pretend divestment'

The world’s richest sovereign wealth fund has sunk more money into coal just three months after a high-profile pledge to dump fossil fuels as part of its commitment to responsible investing, according to financial analysis by three environmental groups.

EU referendum uncertainty could hit UK investment, consultants warn

The government’s plan to hold an EU referendum will dent foreign investment in the UK and threatens its position as Europe’s top destination for overseas investors, according to a new report.

Funds feel heat of coal and tar divestment drive

LONDON, May 24 (Reuters) - For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning.

US stocks mostly unchanged on lower oil, higher inflation

NEW YORK (AP) -- U.S. stocks were mostly unchanged in late afternoon trading Friday as energy companies fell along with the price of oil. Investors are weighing the latest batch of corporate earnings results and a report showing a slight increase in inflation last month.

UK retail sales boosted by April's warm weather

UK retail sales rose by 1.2% in April, the strongest increase since November, as the warm weather encouraged shoppers to stock up on summer clothes.

Sovereign, public pension funds investing more in real estate and infrastructure: report

SOVEREIGN wealth funds and public pension funds have been moving aggressively into real estate and infrastructure to offset low returns in traditional markets, raising the risk of asset bubbles, said the Global Public Investor 2015 (GPI 2015) report.

Why Is Oil Price So Stubbornly High, Asks Goldman Sachs

Goldman Sachs has a problem with the oil rally. In a morning note, the oil bear tried to explain why we are seeing a recent rally even though its fundamentals are bad.

UK inflation negative for first time since 1960; BoE says temporary

Britain's annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed on Tuesday, though Bank of England Governor Mark Carney said the dip was likely to be brief.

Bond-Market Crash Has Wall Street Divided on What’s Next

Maybe, just maybe, this whole bond rout is ending. The global selloff that’s set investors on edge finally slowed last week, and some analysts are saying the worst is over.

Treasuries Recovery Shows Reflation Trade Failing to Take Hold

The great inflation revival is on hold. Treasury bears who spent the first four months of 2015 ratcheting up expectations for rising consumer costs have changed their minds.

Asian Currencies Complete Weekly Gain on Fed, China Support

Asian currencies had a weekly gain, led by Malaysia’s ringgit, on speculation the U.S. will delay raising interest rates and China may take more measures to boost growth.

Obama: Why struggling Americans aren't getting ahead

Americans are becoming increasingly segregated by class, and that's making it harder for many to get ahead, in President Obama's view.

ECB President Draghi: European Stimulus Will Continue

WASHINGTON — European Central Bank chief Mario Draghi said the ECB's economic stimulus program is working but needs more time to bring European inflation back to healthier levels and restore consumer and business confidence.

Hedge Funds’ Latest Salvo Is Ignored by Argentina’s Bondholders

Argentina’s hedge-fund foes are at it again. This week, Aurelius Capital Management and Elliott Management asked a New York judge to block payments on $1.4 billion of bonds Argentina issued locally in April.

Hedge Funds Got Windfall From Runaway China Stock Rally in April

China’s runaway stock rally delivered a windfall for hedge funds focused on the world’s second-largest economy in April.

Indian Stocks Gain for Second Day as Metalmakers Rally on China

India’s benchmark stock-index advanced for a second day, led by metal producers and automakers, after China’s cut in interest rates spurred gains in Asian equities.

Russia Wealth Fund to Team With China for $25 Billion of Lending

Russia’s sovereign wealth fund will join China Construction Bank Corp. to deliver as much as $25 billion in loans as western sanctions push President Vladimir Putin to look to Asia for financing.

So, Mr David Cameron, how can we help? European Union seeks to avert Brexit

European leaders lost no time on Friday in offering David Cameron talks on EU reform, bidding to ease uncertainty about Britain's future in the bloc ahead of the in-or-out referendum the prime minister will call now he has been re-elected.

Hutchison agrees £2.8bn deal to fund O2 takeover

Hutchison Whampoa will sell a one-third stake in its plan to merge Three and O2 for £2.8bn to five investors to help fund its boldest bet in Europe yet.

US employers add solid 223K jobs; rate 5.4 pct., 7-year low

WASHINGTON — U.S. employers added 223,000 jobs in April, a solid gain that suggests that the economy may be recovering after stumbling at the start of the year.