China forex regulator warns against illegal money outflows

Dayana Jones

BEIJING, Sept 30 (Reuters) – China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities’ latest effort to stabilise the sliding yuan. The State Administration of Foreign Exchange (SAFE) listed 10 “typical” cases of misdeeds […]

Lauren Taylor Wolfe says it’s just too risky for investors to ignore ESG amid recent pushback

Dayana Jones

(Click here to subscribe to the Delivering Alpha newsletter.) According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity combined with a global energy crisis has the sector facing increasing polarization. Critics worry that capital dedicated to ESG investments will further […]

Chicago mayor’s Invest South/West initiative gets slow start

Dayana Jones

Neighborhood-focused real estate investors credit Invest South/West with boosting Black-owned developers and construction firms that rarely get larger downtown work. Bigger-name developers including Related Midwest and Farpoint Development have also taken on Invest South/West projects, something planning officials hope will spark more private investment in the neighborhoods. But several developers […]