Business this week
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Business this week
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Climate change in the era of Trump
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Stockmarkets in America remained buoyant as investors anticipated that Donald Trump’s presidency will reduce regulations and boost growth. The Dow Jones Industrial Average, S&P 500 and NASDAQ share indices rose to new record highs on the same day, with the Dow closing above the 19,000 mark for the first time. Investors also focused on whether OPEC members will agree to cut oil production, and thus lift oil prices (and oil-industry profits), at their forthcoming meeting. See article. Risk monitor
An annual ranking of systemically important global banks was published by the Financial Stability Board, an international regulatory body. It ranks 30 banks based on the risk they would present to the world economy if they went bankrupt. JPMorgan Chase topped the list again and was joined by Citigroup, which moved up a notch in the rankings’ tier structure. Bank of America, Wells Fargo and Industrial and ...