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Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

Investing green is all the rage, but benchmarks still hazy

Fri, Sep 13, 2019

Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking... ...

Billionaire investor Carl Icahn to leave New York for Florida

Thu, Sep 12, 2019

Billionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people... ...

Climate change pushes U.S. fund managers to bet on AC makers

Thu, Sep 12, 2019

Record heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel... ...

Woodford listed fund says administrator to cut valuation in another of its holdings

Thu, Sep 12, 2019

Woodford Patient Capital Trust, the listed trust run by under-fire money manager Neil Woodford, said its administrator Link Fund Solutions would cut the valuation of its stake in another of the... ...

Blackstone raises $20.5 billion for largest ever real estate fund

Wed, Sep 11, 2019

U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world. ...

Words of Wisdom: Life Lessons with Salman Rushdie

Mon, Sep 09, 2019

Magic realism is a literary genre in which narrative is shot through with surreal, dreamlike, seemingly impossible moments. ...

Activist investor Driver Management presses anew for First United Bank to sell itself

Wed, Sep 04, 2019

Driver Management Company LLC, an activist investor focused on U.S. banks, renewed calls on Wednesday for First United Corp , the holding company for Maryland community bank First United Bank &... ...

VanEck SolidX bitcoin trust to sell shares to institutional buyers

Tue, Sep 03, 2019

Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to "qualified institutional buyers," the companies said on Tuesday, in a move... ...

Catastrophes set to drive 2020 reinsurance rates higher

Tue, Sep 03, 2019

Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. ...

Swiss bank Pictet boosts assets under management, first half profit slips

Mon, Sep 02, 2019

Group assets under custody or management at Swiss private bank and asset manager Pictet rose nearly 10% in the first half versus the end of 2018, it said on Monday. ...