Sustainable Finance Newsletter - Buckle up, Corporate America
By Ross Kerber
Nov 6 (Reuters) - Well, THAT column didn't age well. On Tuesday I wrote about how top U.S. corporate trade groups were urging patience for all the votes to be counted in Tuesday's elections. Like everyone else I expected it would take a while for the White House race to be decided. You know the rest.
I'm still including a column link in today's newsletter below however as the discussion about companies' political roles remains relevant.I'm also adding links to a story about a corporate-governance reform proposed for News Corp, and one about the end of a strike at Boeing.
You can connect with me on LinkedIn. Or you can email me at ross.kerber@thomsonreuters.com
Buckle up, Corporate America
Top U.S. business leaders largely played it safe when talking about the U.S. presidential election held Tuesday, resisting calls to denounce Republican candidate Donald Trump, the once and future U.S. president, over questions like his regard for the rule of law and tendency to criticize particular companies by name.
Even some critics of the approach conceded it would be difficult for CEOs of public companies to get so specific, and maybe nobody cares about CEO endorsements anyway. Now that Trump has won, companies will see whether their approach looks wise.
You can regard parts of yesterday's column as outdated digital birdcage liner. But other parts still matter such as concerns the U.S. Chamber of Commerce raised about disinformation. You can read it all by clicking here.
Company News
Boeing's BA.N U.S. West Coast factory workers accepted a new contract offer, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the planemaker.
The $19 billion merger between Vodafone VOD.L and Hutchison's 0001.HK Three UK is likely to be given the regulatory green light as Britain's need for investment outweighs short-term competition concerns.
An extended delay in enacting reforms in Chile aimed at expediting mining permits represents a "serious" problem for the industry in the world's top copper-producing country, said the local head of U.S. miner Freeport-McMoRan.FCX.N
On my radar
U.S. Treasury yields surged on Wednesday as Trump's win stoked expectations of policy shifts that could boost deficits and inflation. Rising prices look like a big reason voters turned against Democrats, but now a Republican administration will have to make decisions about government borrowing. Not that I think Kamala Harris could have won as a 'bond vigilante.'
Three U.S.proxy advisory firms have recommended News Corp NWSA.O investors support a hedge fund's campaign to change the company's dual-class share structure. Support for the nonbinding proposal at the company's Nov. 20 meeting could have a big impact.
My colleague Sharon Kits Kimathi's excellent Sustainable Switch newsletter will be published daily during this year's United Nations climate change summit, known as COP29, in Baku, Azerbaijan. You can sign up for it here.
Reporting by Ross Kerber in Boston; Editing by David Gregorio
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.
