EIRIS‘ new report “The State of Responsible Business” details growing corporate responsibility in businesses worldwide. The study, “The State of Responsible Business: Global corporate response to environmental, social and governance (ESG) challenges” casts a wide net, offering an overview of current corporate responsibility. It also points out trends in corporate responsibility. Generally, more and more …
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Category:3 The World of Money
Invest in Kenya: Focus Kisumu
A new African investment guide, Invest in Kenya: Focus Kisumu, was launched by the Millennium Cities Initiative and the Columbia Program on International Investment in Nairobi on September 26. MCI’s first investor’s guide focuses on Kisumu, the first city named a Millennium City. Kisumu, located on Lake Victoria, is Kenya’s third largest city and an …
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Carbon auction on regulated exchange
The first carbon auction held on a regulated exchange just concluded in Brazil. 800,000 tonnes of carbon rights were sold by the City of Sao Paolo which is earning them from power generation from methane released by a massive urban landfill. The winning bidder, Fortis a European bank, paid € 13 million or about € …
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Rise in US consumption for August could be misleading
Although Commerce Department data for August showed a rise in August and a moderation of core inflation, this data should be considered warily as they may be a result of unusual incentives. Consumer confidence and housing are still down. Consumer spending rose 0.6% in August, the largest increase since April and more than expected. The …
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Commodity prices underpin inflation
Many observers have noted the spike in food commodity prices, underpinned by interest in corn for ethanol in the US. There also appears to be a broader rise in prices of commodities which is bound to push up inflation. Last year the pressure on metal commodities from demand from China was observed. As the chart …
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Cost of food rising fast, driving inflation and hurting the poor
The cost of food is rising fast. We had been expecting this because of variations in weather patterns which we feared would upset cultivation. However, the sudden interest in corn for ethanol, since the warnings last year by the Stern Review, An Inconvenient Truth and IPCC, has also contributed to an increase. The chart here …
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APEC for climate change and trade
The principal messages from leaders meeting at the APEC summit recently concluded in Sydney Australia are to prioritise action to reduce climate change and to successfully conclude the WTO Doha round trade talks. These are entirely appropriate prime objectives. Unfortunately, the US, which is the largest per capita carbon emitter and world superpower, and Australia, …
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Should you invest in the company or its management … ?
A 2004 study, recently updated, adds to the debate about whether management or the company is the important focus of investment screening. The study, written by Steve Kaplan of the University of Chicago, Berk Sensoy of USC and Per Stromberg of SIFR, found that over 90% of successful VC-backed companies have the same business model …
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US August data modest
Retail sales and industrial output both slowed in the US in August. Shop sales grew 0.3% in August, below market expectations of a 0.5% rise and below July’s 0.5% increase, but excluding car sales, which are at their strongest in two years, retail spending actually declined 0.4% in August. Industrial output rose 0.2%, the slowest …
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Sub-prime losses estimates rising
Fed Chairman said during testimony to the the House Committee on Financial Services on 20 September that losses from sub-prime mortgages have far exceeded “even the most pessimistic estimates”. This statement is disappointing because it undermines any build-up of confidence that might be encouraged by recent rate cuts and liquidity injections. But worse, his comments …
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